GBPJPY ANALYSIS // GO LONG TONIGHT!!Expect price to finish the week bullish, with a bearish outlook for next week. This is a very nice setup that will profit you nice with 100+ pips. #tradegang
Gbjpybuy
GBP/JPY : Strong Sell SetupStructure Looking For Sell setup for downside.
Rising Wedge and Duble Top Patterns Both are Reversal Pattern.
Good Luck
GBPJPY : RHYMESHi traders,
I will keep this simple.
GBP MAKING BULL PUSH AGAINSTS ALL OTHER PAIRS
IN CHART ABOVE, PRICE FINNALY BROKE UPWARD FROM THAT NASTY RESISTANCE
STILL IN THAT NICE UPTREND CHANNEL
MACD & RSI BOTH SHOWING BULL SENTIMENT
For these reasons, here's what I'm thinking :
GBPJPY LONG
ENTRY : 154.186
SL : 153.288
TP : 160.170
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
GBPJPY Medium termFollow up to my last call-as JPY is getting stronger across the board so I am expecting Guppy to break the prior short term support and retest the prior lows around 147.05.
GBPJPY H4 SELL SETUPGBPJPY has been turning bullish for the last few weeks, with impulse up as wave A) shown on the daily chart which means that market is in a bigger three wave recovery which is expected to resume after wave B) pullback, that can be as of current price activity completed. We are specifically talking about the new bounce, that occurred the past week, from around the 136.50 level. On the 4h chart, this rally is seen as a minor impulsive wave one. That said a break above the wave A swing level at 142.14 would suggest higher levels to follow.
