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Thread: GPB/JPY pair discussion

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    facetoface is on a distinguished road facetoface's Avatar
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    The pair GBPJPY today a little puzzled me by turning around and making attempts to gain a foothold in the descending channel. The targets are already set at expansion levels of 161.8% (143.62) and 261.8% (142.48), but only after the pair touches the level of the previous local minimum 144.32 and closes under it.
    Purchases can be considered with a breakout up and fixing the price above 145.10. Oscillators MFI and MACD are more supportive of the downtrend scenario.


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    Yesterday, the pair managed to provide new positive trading by breaking the resistance of the bearish channel at 147.75, confirming the bullishness at 149.70. The formation of the resistance breached to the new support level we expect a renewed price for the attempts to rise to target the level near 150.40 and beyond it will extend trading around 151.85, trying to close the gap previously achieved price.

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  6. #1513
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    For GBPJPY my forecast for this pair is very bullish for days to come if you look at the daily chart you will notice that there is a very bullish signal for this market MACD is very bullish and it is not showing any signal toward sell. a strong buy signal was triggered from day (2018.08.21) and it appears it will continue considering the present market consolidation that on now i will be buying this pair considering the daily chart signals take profit at 152.70 target pips at around 440 pips stop loss at 146.39.

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