Britishpound
GBPJPY forecast and analysisHi traders, GBPJPY is still moving inside big bearish flag marked with blue trendlines , but inside that flat we are having some bullish runing flag on 1h, which i believe can push price higher ( i will post 1h analysis below) , At 142. 40 we have target lvl on fib -0.27 where price can reverse to the downside, other way if price wont stop there and will push higher that will invalidate that bearish flag . . That bullish runing flat on 1h is already completed by abc correction so it can push higher anytime soon. Check 1h picture below.
What's next for GBPJPY ?As long as price has not reached the resistance 142.700, (It may even go a bit higher now and just touch the line 142.700 but not pass it.) I predict a downward move for GBPJPY afterwards.
So if a downtrend starts, then we can set two targets:
133.050
126.600
Share your thoughts please. I'd love to read your comments.
Happy New Year everyone
Love you
What's the next move for GBPJPY?As long as price has not reached the resistance 142.700, (It may even go a bit higher now and just touch the line 142.700 but not pass it.) I predict a downward move for GBPJPY afterwards.
So if a downtrend starts, then we can set two targets:
133.050
126.600
Share your thoughts please. I'd love to read your comments.
Happy New Year everyone
Love you
What is the next move for British Pound / Australian Dollar?GBPAUD was bullish last week. I assume it will be bullish during the next week too.
FX:GBPAUD
The uptrend perhaps continues to the resistance 1.84500 (first target)
and if it can pass it, it may reach the line 1.92750 (second target)
Merry Christmas everyone.
Brexit gloom is potentially over = GBP will go upBrexit talks seem nearing to an end. The British pound has been chastised for the last 4 years for an event -Brexit- which has not yet really materialised. At a time when the USD is weakening against all major global currencies, GBP can be expected to move to the upside (TP near 1.43) on the back of successfully concluded Brexit talks. RSI seems positively backing this idea.
GBP/JPY Long target 141.000 levelI'm very much bullish on this pair with an overall TP of 141.000. GJ has been making new HH and HL for several weeks now doesn't look like it's slowing down. It's currently also at a major level of support and retracement level. I will continue looking for calls unless the market tells me otherwise.