British Pound / Japanese YenUpdated GBPJPY Outlook (4~8 Feb 2019)
Ichimoku MTF Analysis
Pair: GBPJPY
Weekly : Side-way
Daily: Side-way
H4: Side-way
Outlook: In weekly TF, pair still moving in down trend channel. Pair may want to test upper channel. In daily TF, pair in Kumo. In H4 TF, pair stil in Kumo, however pair moving in up trend channel (green). Pair maybe exit above Kumo or below Kumo next week.
Trading Plan: Long if pair exit above Kumo and meet Ichimoku entry rule or short if exit below Kumo with Ichimoku entry rule. Recommend to look H1 for clear entry signal as all higher TFs' are in side-way.
Pair: GBPJPY
Weekly : Side-way
Daily: Side-way
H4: Side-way
Outlook: In weekly TF, pair still moving in down trend channel. Pair may want to test upper channel. In daily TF, pair in Kumo. In H4 TF, pair stil in Kumo, however pair moving in up trend channel (green). Pair maybe exit above Kumo or below Kumo next week.
Trading Plan: Long if pair exit above Kumo and meet Ichimoku entry rule or short if exit below Kumo with Ichimoku entry rule. Recommend to look H1 for clear entry signal as all higher TFs' are in side-way.
Note
Daily chart:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.