Gbpjpy_outlook
GBPJPY, A RUNNING FLAT IN THE MIDDLE. NEXT THING, SHORT!I'm bearish on GBPJPY. If that contracting flat at the middle is what we see it to be, this should send GBP down.
British pound vs japanese yen have showed the weakness alreadyit is trading sideways from past some one month and there is sign formed at resistance
GBPJPY TRADE OPPORTUNITYHello everyone, lets take a look a GBPJPY. There is two possible outcomes for this pair. On the short side we have a head and shoulders pattern with a break and close below the neckline. On the long side we have a descending wedge that we could break out of to the upside. Over all the trend is down but it wouldn't be unlikely for us to break the descending wedge and have a larger correction wave to the upside.
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GBPJPY - POTENSIAL FOR A BUY COMING UP GUYSWATCH THIS CLOSELY AS GBPJPY, IS MAKING THIS CORRECTION AND I AM EXPECTING A BULL RUN SOON
LIKE, COMMENT AND FOLLOW
GBPJPY BUYOk os beautifull trade with short position happened on gbpjpy too, now its time for long. Very long tale candlestick,bounced of supp.
GBP/JPY BUY TRADE WITHIN 1DAY CHANNELGBP/GPY to go up withing channel on the 1Day view. Better view on the 2day
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
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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!
