Gbpjpy_outlook
GBPJPYgbp is net short but....... the yen is net shorter so i will run with that one for the time being, but 4hr gotta show willing now.
GBPJPY - COMING UPTREND COMINGAUDUSD has retraced to Fibonacci retracement
level of 0.382 as previously surmised. i am not
expecting the bulls to rally in within the next
10 days (my opinion)
Also Stoch RSI is going into oversold territory.
Be ready to jump in for a buy if you are not in already
See previous analysis
PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
GBPJPY LongGBPJPY Broke that downtrend line, Price is currently in the buy zone. Expecting price to test 149.60. and very possible to see a breakout to the upside ( 150.20)
GBPJPY - Peter Kani "Possible Bullish Paths"Far term view, obviously a lot of questions will be asked along the way, so will try to keep up the updates, possibly short term views will follow!
GBPJPY - Peter Kani " BULLISH PATHS "Peter Kani remains very Bullish on this Pair, invariably a break below 142.45 is extreme sell in my view, see chart for positions. Cheers!
Trend: Bullish Momemtum
Pattern : Croc's smile, False Breakout
GBPJPY Low risk buy tradeGBPJPY rallied very sharply past few days back, breaking out the short term downtrend line, price action is so far retesting this trend line, with signs of compression, momentum is supporting the view as well so I am dipping my toe into the water to see if it works for me. Watch this market carefully.
Trade Safe!
GBPJPY -Peter Kani "Last of Buy the Dragon Now Series" (4)Expectation of Strength returning to this pair keeps increasing by the Day despite the underlying Bear pressure. See above chart for possible trades, caution is the key as too many SL been taken out so far in this series. Sl below 142.40. Happy trading!
GBPJPY - "Peter Kani "Buy the Dragon Now series (3)!!"Price action in this pair suggests Bears are shy as Bullish strength keeps increasing in my view with 143.91(give and take a few pips) possibly the low of the Day. Also note the Stop and Reverse scenario on chart.
NB : Have been keeping SL smaller than usual due lack of clear direction, this pair should be very Bearish but surprisingly the Bulls are controlling both the up and down intraday swing. This is a serious cause for alarm for current sellers but who knows Bear may violently resist, will see.
Cheers!
GBPJPY - Peter Kani " Buy the Dragon now series!! (2)Peter Kani - Buy the Dragon Now series!! (2)
Suggested Entry: at Market rate
above 144.57 adds merit to Bulls
SL: 144.33 (tight as possible)
TP1 @ 145.7
TP2 @ 146.25
TP3 @ 146.72
TP4 @ 147.19
We have a Bullish Flag on this instrument, Flag validation and invalidation Rules apply.
Cruciat/Critical area expected to be around 147.70 - 147.90 area.
More updates to follow!
GBPJPY - Peter Kani "Buy the Dragon NOW series!!Peter Kani - Buy the Dragon Now series!!
Suggested Entry: at Market rate, 144.81(current price as I write), 144.62
above 145.24 adds merit to Bulls
SL: 144.48
TP1 @ 145.8
TP2 @ 146.25
TP3 @ 146.72
TP4 @ 147.19
Cruciat/Critical area expected to be around 147.70 area.
More updates to follow!
GBP JPY ready to turnAs you can see GJ is ready for a bounce as it is coming upto a key level.
Some key news is due out today so we will be keeping a close eye on that.
Trade will be sent out to our clients as and when the trade becomes valid with ENTRY price, TP and SL.
If you would like to join us then message us.
GBPJPY DAILY OUTLOOK 30 MAY 2018Daily has formed a new low (LL) in big scope view.
Price bounced at support 143.5 + daily channel + daily falling wedges
Oversold condition in daily & weekly
Potential of pullback/retracement before the bears continue
Entry level at 143.5 support level or wait for new high in H4 TF.
Stops at 143
Take Profit at 149 (TP 1), 150 (TP 2), 151 (TP 3).
Macroeconomic approach for GBP is still bullish as inflation is still above 2% target. Hence, potential of Aug hike rate could be price in which will support GBP in the near term. On top of that, Brexit progress is looking positive as Markets are anticipating it to be done sooner or later. Even UK stays or not in the custom union, this could somehow flatten GBP reaction.
JPY to be bearish in long term perspective as their Policy is expected to remain the same until inflation picks up. It will be more reactive towards risk sentiment.
GBPJPY expecting rainfallGBPJPY in supply zone.. major resistance & bearish divergence.
Enjoy the profit..
Please hit like, share & follow for more ideas
Vinny
GBPJPY, added to shorts!new entries on GBPJPY shorts @ current price 140.41, TP1 @140.20, if successful will look 136.12 as TP2, SL @140.62
GBPJPY - Potential Long and short senarioGBPJPY channel down.. potential long after breakout.. SWING target 143.45 area..
Please hit like to support and follow for more ideas..
Vinny
GBPJPY shorts, Bulls not present so far!In light no valid Bulls currently present in the markets on this pair, Shorts on the Dragon opened 141.27 (current price as i write). TP1 @ 140.25 , TP2 @ 140.07 . Stops above 142.10 .
Basically this remains valid and would sell to around 138.52-138.40 until Bulls present themselves which should be expected in this area. On the longer term if Bear keep holding sway as it currently is, then 135.11 should not be out of the question.
Crucial/Critical conditions in the markets, and very tricky times for traders so trade wisely. The Pair is in a Bear trend but as was mentioned in a few posts ago - Beware of betrayals in the Bear camp where individual interests may coming into play when Shorts are covered early because they already have massive profits as it stands.
Success!
GBPJPY Daily Analysis - Price ActionGBPJPY has broke are 144.000 Level with no hesitation. That being said, I would like to see a retest around 144.000 and short to the downside. I think we can very well come all the way back down to the level 140.000 over the upcoming weeks. I would be looking for SHORT opportunities than buying, since we are in the DOWN trend with a break of the recent lows.
