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Gbpjpysetup

GBPJPYAs i said last weeks ...as I said last weeks GJ has reached 155,600 NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week. I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ... THIS WEEK...as I said last week ... 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 down the steps to area 148 ... and from there I'll reanalyze! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
5
GBPJPY - Sell Bias G'day Trader, With GBPJPY we are looking at overall bearish move with the possibility of 2 scenarios to playing out. Our confluence are very clear Head and Shoulder pattern, break and retest of ascending channel. Price currently retesting pervious minor support as resistance at the 38.2% fib. If we get a strong bearish candle this could be nice move down. We could also look for price to pullback to 61.8% fib before continuing bearish move down. Its game of patience now. Good luck Traders. Lenin
Short
by Lenin-Michael