Austinet24

Austinet24

USDJPY broke out of a channel pattern down, 111.223 price level has been acting as a support level for the pair since late September 2017 this level has been broken down with a bearish pin bar on the daily time frame, today candlestick open in the direction of the break, I see the price touching 108.268 before any move up. My Bias: SELL @ CURRENT PRICE 110.824...

Austinet24

At 152.633 the Bullish move is becoming exhausted as we can see several reversal candlesticks forming at this region, confirming this on 4H time frame you see the stochastic oscillator is showing overbought in price. i believe the price will retrace back to 150.930 price level as the Resistance hold at 152.633 Bias: SELL @ 152.501 TARGET : 150.930 STOP LOSS: 153.411

Austinet24

Our last week analysis on GBPJPY is the forcast on the break out of the triangle on daily time frame, today we can see clear breakout from the triangle by today candle stick at 147.632 price level, as we can see from the chart the next support level will be at 143.157 Price level. I see more Bearish move throughout the week. Bias: Look for More Sell Signals Till...

Austinet24 Updated 

GBPJPY is showing signs of weakness after falling below its 50-day moving average but the 2-month neutral trend remains intact. The market continues to consolidate in a range between 147 and 152 after pausing an uptrend at a high of 152.85 on September 21. RSI has fallen back below 50 into bearish territory, suggesting there is room for further downside in prices...