am getting obsessed with this pair. what we have here is a broken trend line on daily time frame. the trendline was tested in a trade we took earlier in this pair : since it failed to break the line, am expecting a down movement from now on till 147. considering brexit is on its way, I think this only makes my statement stronger.
GBP pairs are very volatile due to Brexit, so be careful. great ratio, best of luck !
The Fibo Clustering of Big 1-2-3 and small 1-2-3 around 163.5 and 164.5 Who has position, please wait and trailing stop. (or exit before BOJ announcing) Who don't have, trade in the shorter TF. Cheers
MY Idea BOJ Affects to move down a lot. I think it is going to 4th Wave (or A) I stil waiting for signal to trade. It is too risk to trade now.
TRADING PLAN Yesterday, i am busy after Finish short closed, so do not play the LONG. :( Remind that it is still uptrend in 4H, so we play for a retrace (corrective). 1.If it is a wave 2 in 4H, i think it is in the ABC Corrective and in the C state already Plan Play impulse of C (12345) and TP around 156 2.If it is the A, same TP too. : ) Cheers
4H plan and take action in 1H If it price will go to the LOW, I think it should come out to 2 ways: 1. Make the A-B-C for the 2nd wave of TF 4H 2. it is in the 4th wave in the 3x in TF 1H If you cannot count the wave, use the DOWTheory MA trading is enough. Make your system simple and fast decision.
TRADE CAREFULLY (FOR SELL) If it still swing within TL, I see it about C-Wave (5-C) PLAN DAY Swing in the short time. Please look for next plan for 4H and 1H
Expect to slightly up move (one or 2 days) but major trend is Down side. When Daily candle close below 151.500 my trade will active. Tp - 143.500
SUMMARY: The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
2618 Trade With Cypher & Bat Completion at same Price Sell GBPJP Guyz same situation just like gbpjpy both trade sell with double confirmation
We have had out x to A leg and A to B leg form. looking for a buy in and around the 157.052 level, looking back this was a level of support all teh way back in Nov 2013 and price rose from this level which bodes well for a potential rise and completion of the C to D leg. Point D would bring us back in line with some more recent level of support that was broken,...
After getting the .382 retrace thanks to the BOJ news, it looks as if GBPJPY has a lot further to go. We're entering major bear territory for this pair. Projected target 1 at 156.75 level (1.272 extension). Projected target 2 at 148.00 levels (1.618 extension)
GBPJPY has recently seen a huge drop off in previous days. It is developing Bullish divergence and appears to create a short-term LONG opportunity.
Hello Traders! As we promised for some Traders, there is the GBPJPY daily detailed forecast by the EWA/EWP analysis! Excuse us for the long wait. By popular demand, we present you, 3 additional video-forecasts within GBPJPY currency pair. GBPJPY - FORECAST! (1-st variant) - youtu.be GBPJPY - FORECAST! (2-nd variant) - youtu.be GBPJPY - FORECAST! (3-d...
Hello guys, This is my second analysis. So don't judge me. It is simply an Idea. As you can see in the chart, there is a beautiful flag formation. However, it is a crucial moment. Will the price break and go down and hit the possible flag formation target which is around 179.100 - 179.000 or the Support area will hold and send the price up again? I honestly...
March 15th 2015 - Possible Short term Long Opportunity Basis for going long GBP/JPY 1. Trend Line Support 2. Bullish Hidden Divergence (Price made a higher low but Stochastic made a lower low) Profit Targets: TP1 @ 180.40 TP2 @ 181.10 TP3 @ 181.75 Stop Loss: 178
I'VE LABELED THIS CHART A, B, AND C, SO THAT MY EXPLANATION OF EACH WILL BE CLEAR. THIS CHART ANALYSIS IS BASED ON FIB RATIO (PHI) ELLIOTT WAVE ANALYSIS, RATION SEQUENCING AND CONFLUENCE, I'VE DISREGARDED SUPPORT AND RESISTANCE, AS IT'S MY BELIEF THAT SUPPORT AND RESISTANCE ARE DEPENDABLE ON RATIO CONFLUENCE. A. THIS FIRST SECTION IS THE LEAST IMPORTANT SECTION...