poundyen

Double top formation on the Daily, combined with weaker CPI data will most likely drive the pair lower.

DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright so on my last analisys for this pair I saw the bounce and the end of the that downtrend. So lets see how high this pair will go. Monthly: ...

GBPJPY In Strong Downtrend, Eyeing 141.00

With the previous compression bull outbreak. the trend will end on 1.618 with one or 2 retracement to the highlighted area. Thus, we currently placing buy limit on the highlighted area and few short term shorting position during retracement period.

GBPJPY - D - Long 50% fib, correction long after break

GBPJPY Daily Long Looks like a bull flag is forming on pound yen, could always be a deeper correction.

I can see a 2nd (in red ) wave degree in a bigger picture which is still forming and a 3rd wave ( in blue ). Coincidentally which enforces my idea is that 61% retracement of the bigger wave 1 in red is exactly where the 3rd wave extension 161% is. Let's see now Good luck.

ON THE WEEKLY CHART PRICE HAS TESTED THE 130.008 PRICE LEVEL (PURPLE), TWICE. PLACE A BUY JUST BEFORE 130.000 LEVEL WITH A STOP LOSS JUST BELOW THAT. NO PROFIT TARGET. LET YOUR WINNERS RUN.

FX:GBPJPY

currently short on this pair elliot wave 4 in the making targets alingh well to thr 38% fin retracement.. after that we go long for new highs

For this trade I will be looking to short the Pound Yen. I would like to see the price up a bit before entering short. If I see a bearish engulfing candle at any point in the current uptrend I will consider entering there however I would need to see the RSI showing signs of reversal.

Hi Guys. Here is an idea. it might be a bit late and the price will never go back to this level in this particular setup. Bullish flag reaches it's target 90% of the time. Target is 145.000 which was a S/R in mid June First fibo retraced just below 23%, which formed the flag and then started to go up. Now, I'm expecting to see prices come down to 139.000 which ...

Expect small retracement before continuation of the long-term downtrend.

Hello Traders, Here we have a Wolfe Wave & Geo structure that is pointing DOWN after the current bullish run. A couple of things to note here. 1. This Wolfe Wave structure is still speculative since point 4 has not been defined. But, with the use of Fibonacci Extensions and ab=cd patterns I have defined a probable level where point 4 can be found. Point 3-4 ...

After the announcement this Friday, GBPJPY clearly broke many support levels and thus I believe it is safe to enter in a short position. Expecting pair to retrace before it breaks 158.4 (on the 1h chart its heavily oversold (Note: my RSI bottom is 20). From my analysis I expect a retrace to the level of 160.0 where it meets a strong RESISTANCE and 0.5 FIB ...

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GBP/JPY is looking like it wants to break to the downside. After consolidating for several hours it's forming a wedge of lower highs and higher lows. Odds are it will break to the downside. As to not jump the gun we will be shorting this pair with a break of 181.800, looking for a move of 80 - 120 pips with a stop of 120 - 130 Pips.

The current trend is controlling by bear which is pretty obvious concerning the fundamental issue. So I'm expecting the market may fall more. There is also a Gartley completing around 171.5 and a ABCD completing around 171.12 which can be a good point to buy the pair. But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else, ...