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GBPJPY (British Pound/Japanese Yen) currencies Analysis 29/06/2 Technical Analysis: As you can see, the currency pair has shown Bearish Divergence with MACD in the daily Timeframe chart which is the sign of bearish trend upcoming and some retracement to lower levels. we draw Fibonacci retracement from low to high of the initial Bullish wave which has important levels defined. What we think that GBPJPY may rise up from 38.2% Fib level and if so it we can target the 2 TP or else if more retracement the golden zone we can count on as heavy support area and target 1 TP. this analysis is very similar to the EURJPY analysis so we have used the same technical description.
by BitonGroup
2
GJ INTRA-WEEK ANALYSISWhats Up! Mr. Pipzz back here with another analysis These are my thoughts for GBPJPY this week. I can see the market pulling into either direction. So, I've identified a few key targets for both the bulls and the bears. Not going to over explain, I'm just getting straight to the point. This week started off extremely bearish following a pullback to a small, but nice liquidity zone. Last weeks close has already been filled, so I'm not seeing any bullish confluence for that. If price does manage to close above 139.75, I predict sniper entries from the 15m, & 30m indicating a push back to the upside. On the other hand, because the trend has been bearish its safe to follow simple rules like following the trend. If break of bearish structure occurs, it would be easy to spot because of the amount of pips it has already dropped. Overall I think we could see a push back to the lower liquidity zone to either test and break, or form a triple bottom. (137.15) Leave a like or comment if this benefited you in any way. Thanks, & have a Happy New Year! -Mr.Pipzz
by lobfxempire
2
ZCASH WEEKLY AND DAILY REVIEW.Price is at a a key level and considering the hype and positive reviews, we all know Zcash will definitely increase in price. From a technical analysis point of view, the first price target will be the top of the ascending channel with a possible continuation to the previous supply zone after which we might see price slowly dwindle down to form new lower lows. The overall current momentum is bullish at the moment and we only look for buys in the next couple of weeks. Leave a like ,folow and comment on a pair youdlike to see me review next. Stay Winning.
Long
by AFRICAN_FOREX_TRADER
GBPJPY Daily S/R|Supply Zone|Local S/R|PA|Bearish RetestEvening Traders, Today’s analysis – GBPJPY- impulse price action, trading with a bounce from support zone leading into a probable retest of Local S/R, Points to consider, - Bearish Price Action - Supply Zone Support - Local S/R Resistance - Oscillators Over-extended - Volume Declining GBPJPY’s immediate price action is considered bearish, any rallies are now are preluding to bearish retests, this allows us for a bearish bias. The current supply zone is holding true with price action having an evident bounce. Projected Local S/R is resistance that is likely to respected. This will validate a bearish retest in confluence with the .382 Fibonacci and EMA’s. Both oscillators are travelling in respected bearish control zones, this is indicative of weakness in the immediate short term. Volume is also declining, this is considered bearish as price subsequently rises. Overall, in my opinion, GBPJPY is a valid short with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps, Thank you for following my work And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Short
by AzizKhanZamani
Pound Drops before Brexit Vote, Euro Weakens on Rate OutlookUK Currency: The sterling came close to its weakest against the USD in more than two years on Tuesday. The weakening was amid increasing uncertainty as British lawmakers prepared to vote on the first stage to block Boris Johnson from pursuing a no-deal Brexit. Johnson’s rivals will put forward a vote that would enable them to the clutch control of the parliamentary agenda to try to pass laws that would force him to seek a three-month delay for Brexit. Johnson has clarified that if the government was defeated, it would hold a vote on Wednesday to support an early election, most likely to be held on Oct 14. On Tuesday, the GBP fell 0.23% to $1.2035 in Asia, having fallen 0.8% on Monday. It was a significant drop in more than three weeks. The euro held on its Monday’s gain of 0.7% against the GBP to 90.90 pence. A messy Brexit will certainly weaken the pound, but it could shake other currencies and markets as investors adjust their positions to exit riskier assets. On Monday, U.S financial markets remained closed for a public holiday. However, in Asia, weaknesses in other major currencies and slight growth in the U.S Treasury yields supported the dollar index to rise 0.22% to 99.284 on Tuesday. The euro dropped to its weakest in more than two years against the USD. On Monday, a survey showed European manufacturing shrunk for seven months, reinforcing expectations that the ECB would ease monetary policy at a meeting next week. USD rises higher; Sterling drops on Brexit pressure On Tuesday morning, the USD continued to increase in Asia to highs not seen since April 2017. Its index was up 0.33% to 99.25. The rise in the USD matched declines in GBP, which suffered after Prime Minister after Prime Minister Boris asked Parliament to vote against further delays to his Brexit plan for Oct. 31. The GBP/USD pair dropped to 1.2052. The USD/JPY pair traded up 0.11% at 106.33 by 10.20 PM ET. The People’s Bank of China set its reference rate for the yuan at 7.0884, compared to the previous 7.1717 close. The yuan remains weak against the USD, losing its ground and strengthening later. On Sunday, tariffs of 15% on a variety of Chinese imports took effect while retaliatory tariffs from China also kicked in imposing new duties on U.S crude oil. On Monday, U.S Markets remained closed for Labor Day holiday. The AUD/USD pair dropped 0.19% to 06700. The NZD/USD pair traded down 0.33% to 0.6286. Australia to decide on the monetary policy on Tuesday.
by Financebroker
EUR/USD, Daily Chart Analysis March 1Technical Analysis and Outlook The downtrend is in progress, however, presently the currency is in the no-mans-land territory, hovering between Mean Res 1.1390 and Mean Sup 1.1330. The upside potential is likely at a point with resistance seeing Mean Res 1.1480. To the downside, we have Mean Sup 1.1261 and Key Sup 1.1218 along with completed Inner Currency Dip 1.1238 including outer Currency Dip 1.1215 to be entertained in the near-term. (For more Market Commentary, please visit the TradingSig_dot_com).
by TradingSig