JAPANESE YEN / BRITISH POUND
GBPJPY has formed Head and shoulders pattern in bigger frames. Neck line is broken and is at retest. Can go short after breaking of lows. Hold for positional for bigger targets OANDA:GBPJPY
Possible bearish triangle bouncing off of resistance. I also see a gap on the 1 minute TF @ 158.02
broke year long range in march, created a new HH, then pulled back to retest that level which was once resistance for a year, to now turn into a level of support, with a decent rejection to that level, and breaking structure to the upside, price is now above both MA'S
After an long rally its now moving in downward. Use proper risk management. !Happy trading
Price can go down its opportunity to short term for sell because occur HEAD AND SHOULDERS chart pattern in GBPJPY
The Level has been rejected properly and now it is most likely to pump up with Buyers gang.
Wait for the trendline support level breakout after enter the trade, market forming an head and shoulder pattern
Our Predictions are Sell positions below 158.000 with targets at 152.50 & 149.200 in extension. Alternative scenario Above 158.00 look for further upside with 170.100 & 173.500 as targets. Note The RSI indicates further upside Supports and resistances 152.500 149.200 158.000 170.100 173.500
price going to hit my way The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
gbpjpy still uptrend look at 1D timeframe for more confirmations
Looking for selling opportunities in gbpjpy, Proper money management suggested.
There will be downtrend on gbpjpy very soon.... short now with a stoploss accordingly
Gbpjpy formed a structure and breaked and pulling back for entry
Expecting the big move towards sell, use proper risk management !happy trading
GBPjpy for long - pulling back from Demand zone - expected to go the resistance draw for more details see the chart
GBP JPY is in consolidation in hourly time frame. Wait for break and retest
Overall GBPJPY is in Upward trend, Looking for short term buying opportunities for GBPJPY pair.