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Thread: GBP/JPY Winning Signal

  1. #1
    Bullish nickywatson's Avatar
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    Default GBP/JPY Winning Signal

    tp 1 = 139.00
    tp 2 = 138.50
    tp 3 = 138.00


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  2. #2
    Moderator cool user hesham1046's Avatar
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    The GBPJPY price suffered from negative pressure in the last trading to decline below the extension of the support at 140.35 surpassing the moving average 55, but facing 38.2% Fibonacci correction level at 138.80 makes the price confused, to expect the domination of the sideways bias if the mentioned levels settled, waiting for providing new signal that assists to detect the true targets in the upcoming period.

    While breaking the current correction will confirm the dominant negativity in the upcoming trading, to expect targeting 137.40 level reaching to 135.90, while breaching the moving average 55 will support regaining the bullish bias, to return to prefer the dominant positivity that targets 142.40 level initially.

    Expected trading range for today is between 140.35 and 138.80

    Expected trend for today: sideways until surpassing the price.

  3. #3
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    tp 1 = 140.03
    tp 2 = 140.39
    sl = 139.35

  4. #4
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    The GBPJPY price managed to provide clear negative close below 18.80 level, to surpass 38.2% Fibonacci correction level, to confirm the domination of the bearish bias in the upcoming trading, reminding you that the bearish scenario depends on the stability of the price within the bearish channel’s levels, which increases the negative pressure on the current trading, to expect targeting 137.60 level in the near period.

    We notice stochastic attempt to reach the oversold level, which provides the required negative momentum to resume the negative attempts until reaching the suggested targets.

    Expected trading range for today is between 139.00 and 137.00

    Expected trend for today: bearish.

  5. #5
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    Default

    GBP/JPY Technical Analysis: From Congestion to Expansion (Megaphone)


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    This topic is being updated for further discussions...

  7. #7
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