Expecting further bearish move. The Asian session made the yen strenghten (so GBPJPY weaken). This sell off was quite significant making it difficult for price to continue higher. Now looking for a drop towards 144. Potentially retesting the trendlines to make one more swing before continuing down
The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of...
Price heading towards a strong area of resistance, already rejected. Be aware of the PMI data of CAD dollar in the US session, this might move the market a little. Expecting price to reject at 1.74, with a target down to 1.73 and maybe further.
Start of the pound recovery? Possible idea if 134.000 breaks
Hi, We like being prepared and adapt ourselves to the reaction of the market in case it diverges from our initial cenario. Here we are looking at a bullish movement on the GBPJPY. Happy trading. HiZi.
Haven't kept up with posting here as I could've guessed. Too busy pumping out signals elsewhere. Medium risk. Medium/High probability.
I hate trading this bear when the Pound is so weak, but I shorted this pair at the top of the wedge @145.2 and we're now retesting the edge of the wedge again, we're consistently breaking lower lows, but it takes time to get there, takes ages to rise and then drops each time, just like this! 142 is the target, but with eyes on 140, this pair is hard-work, so...
Double top and trend break out, what do you see?
The GBP has shown a little strength (and I mean a little), more sideways movement, but this could get us back up into an area of resistance I've marked on the chart, then we'll sell that down to the final target of the attached much bigger Head and Shoulders move that I'm still in since May 16 from the top of the Right shoulder.
As we can see from the chart, the uptrend from last July has been broken and we've also completed a triple top pattern. The broken uptrend was retested and failed. Additionally, the Kiwi has been sold off heavily as of late and is bound to rebound. This is a longer term trade but the reward will be well worth the wait. Good luck and thank you for looking!!
The neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline. Waiting for a SERIOUS signal to confirm the break after re-test of the neck, remember, both these currencies...
The neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline.
Two different targets: Long: 1.37335 Short: 1.33600 Do not forget the main idea posted on January 22nd. Learn how to beat the market as Professional Trader with an ex-insider! Next one on June 4th, Book your seat, just 25 available. Have a Nice Trading Week! Cream Live Trading, Best Regards!