Pound against Japanese Yen pair, has a bearish outlook from technical view this month, no exceptional of the downtrend this week too, it has strong resistance of 152.250 or 152.500 zone, this area pushes the price down further in the coming week 151.750 area..and a down wedge pattern also support this bearish scenario..
gbpjpy up nice fib rejection then fly to up side 1:9.5 RR with 0nly 5 pip sl all tp hit
nice up treant and rejection of golden zone on fib also there is most probability to boom up side to 151.36
Add GBP/JPY in your watchlist, it seems it is ready for a potential down move 📉 Things to consider: 1. Big impulse last month, now taking breath 2. Traingle Formation 3. Hidden Divergence in RSI 4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k How to enter: 1. Study the chart as shown in my analysis 2. Wait until trendline is...
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said last weeks ... GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks...
Gbpjpy the forecast has a !:5 RR setup. Entry at: 150.982 Target:152.903 Stoploss:150.674
Expecting shorts from here! Have set sell limits and waiting for trade to enter!
After a nice short we are expecting some push to upside, Ride along with us
After a very good trade on GPJPY last week, again there is a very good short opportunity.
After getting a nice setup, we Hit SL and dropped. Have another setup for shorts.
After Longs, I couldn't expect more momentum. Shorting for now!
After yesterday's yen was weak, expecting more weaker and NFP. So i predict more push.
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said last weeks .... GJ has reached the trend line and strongly rejected ... which I still look forward to. Even if he can make another range, I expect GJ to go...
Looking at shorting GJ from current price when markets open looking at price action we can see that we have hit a point of resistance wed haven't broken this zone since 13th jan not only that every time we come into this area of 1.42100-1.42200 we start to see bearish price action showing this level of resistance could hold once more but you have to remember that...