PDA

View Full Version : GBP/JPY Forcast



Alaeddine
08-07-2014, 12:48 PM
gbp/jpy attempted to pass through both support levels 171.96 & 171.56 yesterday but there was a strong rejection and buyers pressure was too strong, took back the price above 171.96, the price could not break 172.45, now it's below the kumo cloud so it's better to trade short positions with target at 171.56
44703

Alaeddine
08-10-2014, 12:24 PM
gbp/jpy falling like a crazy, the price looks really far away from the komu cloud and the H4 kijun sen, so it may consolidate for a while before continue falling down
44778

Alaeddine
08-11-2014, 11:24 PM
gbp/jpy as expected on it's recovering towards the H4 kijun sen, we're still taking in consideration that the market is trading below the daily kijun sen and the kumo cloud, our trend is still bearish
44835

Alaeddine
08-15-2014, 10:09 AM
gbp/jpy still holding around the 8th august's low, the market is trading below the daily kijun so we're still bearish on long term basis, the price is moving below the H4 kijun sen and the kumo cloud, i still advise to trade only short positions
44920

Alaeddine
08-20-2014, 04:07 PM
gbp/jpy rose today, the price came back above the H4 kijun sen and entered inside the kumo cloud, the market is trading below the daily kijun sen, so as long we're inside the kumo it's recommended to trade only short positions
45044