Trading suggestion: . There is a possibility of temporary retracement to suggested support line (131.96). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Technical Analysis- The 4 hour right is turning down against 4/09/2020 peak (135.74) but shows a bearish sequence. 1 hour is turning up. However, while near-term dips remain above 131.44 high expect pair to extend lower 1 more push before cycle from 4/09/2020 peak ends & a bounce higher in 3, 7 or 11 swings could take place. Signal- Long GBPJPY @129.50-25 TP1 :...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (130.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
The 4 hour right is down against 12/13/2019 peak (148.05) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower. SHORT GBPJPY @132.40-60 TP: 131.60 SL: 133.20 GOOD LUCK !
The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower. Short GBPJPY @133.133.50 Target 1- 130.50 Target2- 128.00 Sl: 134.00 Good luck !
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (131.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (133.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (133.4). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (133.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
The daily and 4 hour right side is down with a bearish sequence against 147.93. While below 135.75 where the hourly is turning down it can continue lower again.
Broke the uptrend and came back to re test the Static Resistance level. Momentum and Stochastic indicating a sell. Expecting it to short till the previous 4 Hour Resistance level.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=133.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=132. TP4: S2=131.25. Set the stoploss of these orders at breakout of R2=133.5. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
GBPUSD, We have confirmations that show us its going short: 1. hit Fib 50-61% 2. 21/8 crossover 3. RSI divergence 4. hit VA 5. double top confirmation that we waiting for : 1. double top break/retest
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.9. TP4: R2=129.7. Set the stoploss of these orders at breakout of S2=126.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...