Gbpjpyview
GBPJPY Long term analysisGBPJPY Long term analysis The safest thing is to wait for correction from the current rising wave. Then open positions up.
For thrill-seekers, you can trade down in waves A and C
GBP JPY BEARS TAKING CRONTOL!!!GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment!
At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South !
However, a clean break of 142.139 will give us indications that we will go directly to the target!
Personally, I want to see the pair re-touch 143.604 for a better entry and of course more Points ahhaha.
All the best!
Trading Protection
GBPJPY - POSSIBLE Retracement Area (This Week)GBPJPY
I've sketched the POSSIBLE retracement area of GBPJPY which it could be doing.
GBPJPY Completing Movement of Wave CThis pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c.
The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c.
if viewed to a lower time frame that is H4, this movement has been cornered with the confirmation of a strong price movement that will push the price move higher. The recommendation we provide is to buy up to point movement point c and stop loss between 145,000 to 144,000.
GBPJPY shortWe notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
GBPJPYOur preference: buying position above 145.25 with targets at 146.10 and 146.55 in extension.
Alternative scenario: in break of 145,25, a continuation of the decrease will be envisageable with 144,80 & 144,45 in line of sight.
Comment: The RSI is bullish and militates for a continuation of the progression
GBPJPYOur preference: buying position above 145.40 with targets at 146.85 & 147.15 in extension.
Alternative scenario: in break of 145,40, a continuation of the decrease will be envisageable with 145,15 & 144,75 in line of sight.
Comment: The RSI is well oriented.
GBPJPYOur preference: sales position below 146.70 with targets at 145.40 & 144.80 in extension.
Alternative scenario: in excess of 146.70, aim for a continuation of the rise with 147.10 and 147.55 in line of sight.
Comment: as long as 146.70 is resistance, trading range with a bearish bias.
GBPJPYOur preference: sales position below 147.20 with targets at 146.45 & 146.00 in extension.
Alternative scenario: in excess of 147,20, aim for a continuation of the rise with 147,60 & 148,00 in line of sight.
Comment: The RSI is bearish and militates for a continuation of the decline.
GBP/JPY DAILY Trading ideaGBPJPY Chart Confluence factors :
1: pattern : Triangle (Continuation )
2: NEUTRAL
3 : WAIT FOR PROPER BREAKOUT FOR bullish trend
4: Timeframe: DAILY
5:Possibility : 65 %
6: Target : break point 141.61-70 long : 143.61 ,145.30, 147.61 .. SHORT : 139.61
GBPJPYOur preference: position bought above 139.45 with targets at 140.80 & 141.20 in extension.
Alternative scenario: in break of 139.45, a continuation of the decline will be envisageable with 139.00 & 138.60 in line of sight.
Comment: The RSI is well oriented.
GBPJPYOur preference: sales position below 140.80 with targets at 138.85 & 138.25 in extension.
Alternative scenario: in excess of 140.80, aim for a continuation of the rise with 141,20 & 141,80 in line of sight.
Comment: The RSI is misdirected.
GBPJPY Price go in the Triangular zoneHi traders!I hold a point:Good charts does not more words to explain! Good luck!
