Presented is a 1hr chart analysis with sentiment to retest Feb 2018 high of 156.500 range. Currently we see confirmed support at 154.800 off our 156.000 retest. Current trend sentiment is set to retest 156.000 in attempt to breach and retest 156.500. This is price action at its best in psychological levels using whole numbers as main support and resistance....
So much for my earlier idea. However I imagine we'll have a retracement pretty soon based on this sharp rise in price.
Lets watch for this H&S on 4H, and combined with channel its possible to see a bearish movement next week, keep eye on it.
in a downtrend broke support retest support to continue down
I'm taking a long because of support + dynamic support resistance level (DSR) +SMMA under the graph
I am still buying the dips in GJ with tight stop-loss cause of #Brexit, hopefully a breakout to either side soon ...
Been waiting on this trade all day lets see how it goes
GPBJPY was in a push phase and its currently in a exhaustion mode, in which i candles are signaling a a buy rejection , signaling more sells for the next push phase
Consistent patterns playing out. Perfect 4H rejection at the previous resistance. My target is the current 4H support and i will update you from there. Good luck!
as you can see we have a strong resistnace line in the weekly timesframe and in the daily we have a slight bullish channel. the Higher Timeframe has a downtrend and the daily is uptrend BUT, the price is inside the Komu Cloud and Tenken & Kijun Made a Sell Cross. So my prediction is a Falling to the Downline of Channel. What is Your Idea? Tell me ;)
- PAIR MADE A FAKE BREAKOUT OF THE RESISTANCE LEVEL. - CAME BACK TO RE-TEST THE LEVEL AND TAKE ANOTHER BIG REJECTION. (SUPPLY CONFIRMED) - SHORTING NOW FOR A TEST OF THE SUPPORT LINES MARKED OR; - BOUNCE OFF THE LOWER MEDIAN LINE. SL ABOVE WICK HIGH.
Disclaimer: Don't trade with money you can't afford to lose. - Don't trade based on my personal Analysis. The pair GBP JPY at a decisive point. We will be looking to sell if we broke the trend with a good bearish candle. Otherwise, the GBP is strong but we need some momentum to buy. If we short the goal will be: 135.80 Good luck!
Buildup trading opportunity as price has been creating a buildup and ranging throughout Asia session near a HTF resistance zone, waiting for price to come back down to a minor support to get the best entry. Trade idea is dead is price falls below and continues to push below that minor zone.
GBPJPY Is Forming Channel and Now at the Top of the Channel and Almost going towards the bottom of this Channel. In Coming Week it can touch the Price level 136.5 When Market will Open I will Update Further With Proper Chart ,Exact Entry, TP and SL.