Gbpjpydaily
GBP JPY in the zone143.581 - 143.379 is a lovely zone, you can see where price entered it and bounced bearishly ( to the downside, orange arrows ) and bounced bullish ( to the upside, purple arrows )
You can see the importance of this area, its like a sh#t city, nobody wants to stay or live there but you have to pass through it to get to where you want to go.... The candles are the same, they don't want to stay in this area because as soon as they enter this area they exit again.
We will be placing some SELL orders around this area as price will respect this zone or area again sometime in the near future.... You always have to stay 1 step ahead of the market.
GBPJPYI am expecting GBPJPY to continue its bullish move with potential of reaching 145.58- 145.96 before pulling back to 143.21 -142.81 And from there I am expecting it to drive back up to 149.89 region. Please note that this is just my analysis and not a trade advice for anyone. Let see how it will play out soon.
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 - Intra Day AnalysisSup everyone!
Currently we're looking at GBPJPY on the M15 for a nice short entry.
The pair is currently forming a H&S with beautiful chopstick divergence on the TDI.
Again, we're waiting for the Market Makers to move before we move.
First target will be 25 pips from entry, second target will be 5-10 pips above the 00 figure.
Stop will be put above HOD or above structure formation.
Confluences:
- H&S
- TEFA (technical failure)
- TDI divergence
- Speed into Level 3
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!