


JasonFosterII
Price average is working its way to oversold. Currently Price is at midrange and showing bullish momentum. Entry is at Daily S&R (Support & Resistance level). Stop loss is 100 pips. just in case it tries to reach lower S&R . TP is for second upper S&R at 151.3 since we are near the next S&R level already.
I recant on yesterdays (25th) Analysis. Considering we are in a strong uptrend and triangle isn't a squeeze. It's an ascending Triangle which means it could break for sell or for buy. Fundamentally there was a lot of good news for GBP this london session. Looking for price to now reject and continue upwards towards 143 area.
4H is at top of Trend channel showing a lot of resistance. 4H double top (M) pattern sign of reversal. 4H triangle squeeze at top of trend channel indicating possible breakout of triangle 1H has triangle pattern. Looking for breakout out of pattern 1H Bearish Divergence on MFI.
Once Rising wedge breaks. Looking for possible turning points at these levels
Currently pulling back to Major Support Level. Which falls in line with 4H Fib. Possible Higher Low/retest of support and take off for major move on higher time frame.
Looking for small support level to hold for a move to the upside off bullish engulfing candle. 1st level is 1.33806. 2nd level is 1.34076. Final Level is between 1.33467 and 1.33579. These are Key levels of rejection and breaking points.
Small support level will hold and continue up trend off bullish engulfing candle. first level is 30010. 2nd Level is 30166. Final Level is between 30348 and 30468. Looking for rejection or breaking points at these key levels.
Trendline reversal from 61.80% fib retracement. Looking to push to next major zone on 4H (30440 area)
Price currently in consolidation respecting Support and Trend line. Looking for breakout out of triangle squeeze to continue bullish trend.
Finished Pulling back. 4HR is over bought and 1 HR Bearish Divergence. Currently at Daily Golden Zone Fib level as well. USD will continue to tank.
Filled wick to the left forming support level. Being that all other pairs trading USD are done pulling back and are ready to continue up trend gold should be looking to do the same. I have a painted brush showing possible move mirroring other side. It can form an M/double top or continue making new highs. USD should continue tanking so we will see what happens....
GBPJPY has been on its way to a trend change on the Monthly TF. The Daily has already started. I have marked the highs and lows to see the up trend. The measurements in between are measurements from high to higher high. On average it makes a new high of 400 pips give or take. next measurement falls perfectly with new highs to the left to surpass which is between...
4Hour pullback to GZ (Golden Zone) Fib Level. Continue Daily Trend towards new Weekly High.
Dollar (DXY) has Daily Divergence indicating a pullback. Looking for Pullback this week to Golden Zone of Fib levels. *We know we are exchanging USD for GBP. So GU does opposite of DXY* GU has Daily Divergence as well indicating a pullback. Looking for Pullback this week to Golden Zone of Fib Levels.
DXY is currently weak in Monthly down trend with Monthly Bearish Divergence. DXY has Daily Bullish Divergence. Indicating a pullback for GU. DXY is in strong trend to downside so may be another shallow pullback to 236 or 382 level as it did on previous pullback. Looking for DXY and GU to pull to Supply/Demand Zone (Support/Resistance). GBP is currently changing...
There was daily bullish divergence on DXY pushing it to Golden Zone on 4 HR Fib. Looking for DXY to reverse to continue trend and for GBP to continue trend.