Hello traders Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line We might be retesting...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D I wanted to get this out before the week starts again. The pink zone is where I am looking at for a potential reversal zone. The MACD EMA's are trading significantly above the centre line...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: GBPJPY Time frame: 1D I have kept people up to date with this chart over the last week or so. GBPJPY is possibly going to have one more leg up into the pink trading zone. When price reaches that zone I will look to take...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: GBPUSD Time frame: 1D Looking at GBPUSD you can see it was in a wide, inclining range (shown with the orange trend lines). Price broke out to the upside and is now retesting it. This falls in line with the saying past...
If D-leg will continue it can achieve 1.272-1.618 ext. 1.272 is close to 61% fibo. Good luck
If you like this idea and commentary leave a like and follow me to get all of my updates :) Underlying: GBPJPY Time frame: 1D A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because...
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Potential reversal zone 152.80 - 154.60 I am currently looking at this zone to start selling the GBPJPY pair. Why? GBPJPY has increased by 8% in this latest push and a 10% total increase is easily reachable. Over the last 355 days GBPJPY from low to current has increased by around 20.4% which is a big move. The MACD indicator is now starting to move above...
The recent fundamental surge of the British Pound can be most noticeably seen on the GBP/JPY currency exchange rate charts. The reason for that is the fact that, while the Pound was surging due to monetary policy clues, the Japanese Yen was losing its safe haven status due to turmoil in the Korean peninsula. However, the surge might be over, as the pair has...
Price jumped o/s the ascending channel due to positive news. Price seems to have retested 1.34400 and is on its way back up. I will wait for the 4H close to jump Long targeting 1.38528.
GBPJPY - A significantly large bullish candle broke out from our long term consolidation of this pair. I would expect a pullback towards to top highlighted area now to retest previous resistance which would now be acting as support. If we get this pullback I would look to go down to the smaller timeframes to look for an entry to go long
The situation on the GBP/JPY currency pair has been massively affected by the various fundamental events on both sides of the rate. First of all the British macroeconomic data releases have forced the pound higher. Secondly, the Japanese Yen has fallen due to the recent turmoil on the Korean peninsula. However, the surge can be mapped by a short term channel...
Recent developments on the EUR/GBP currency exchange rate have pressed for a review of the pair. The review is being done, to map the larger scale situation, which previously was not fully accounted for. It can be noticed that the recent decline of the Euro is a part of a speculated channel down pattern. The reason for it still being theoretical is the fact...
Simple setup here on GBPCAD. The overall trend is down and we are currently in this descending channel. Potentially in for a third bounce with a decent risk to reward ratio. Stops placed above the previous high.
Hello there, This is one of the possible scenarios. Trends are powerful.
Hello there, There is a chance that we are finishing corrective move to upside with an ending diagonal at the top. Sell on break.
The situation in the traditional risk on against risk off sentiment represented by the GBP/JPY currency exchange rate has been complicated during the recent trading weeks. During the recent trading sessions the pair has bounced off a resistance of the upper trend line of a medium term channel down pattern, which previously forced the Pound against the Yen...