THE PREVIOUS SUPPORT OF 1.09 NOW BECOME A RESISTANCE. SHORT AUDNZD FIRST TARGET 1.05 A one to one move MEASURED 2nd target is 1.00
Look for the break out. the monthly downward trend line is quite strong but the RSI has a bullish divergence. if successfully break out the trend line. the bearish trend is terminated. GOOD LUCK !
Some people said this is a cup and handle pattern? i dun know what is a cup and handle, but i do respect fibo ext 1.27 1.618 and 2.24 if the trend continues. then we may see GBPJPY go back to 200 Good Luck, Good Trading! i have longed gbpjpy since the price retest the 163 level Keep our position and let's see how far can this pair go.
LONG between 1.7480 and 1.7520 Look for reversal sign .
LONG GBPJPY NOW This candle just confirmed the Rally trend is not changed.
TRIPLE TOP AND A SOLID BREAK OUT OF THE SUPPORT LEVEL. WAIT FOR RETEST OF THE 1.0800 AND SHORT AUDNZD. RSI is over sold so be patient and wait for the pull back to test the previous support turned resistance level. ENTRY AT 1.0850 STOP above 1.0960 AIM 1.0600
PRZ at 1.9326-1.9350 Long at this level, 1.27ex of CD and 1.13 ext of CB Stop below 1.9180 aim 1.9889