Gbpjpy is testing a major bottom again. A break here, means maybe another 100+ points down south. But I am not letting that dissuade me, buying here and hoping for the best..
P3tr4's Blog
GBPJPY RISING!!
Trading concept:
Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
GBPJPY RISING!!
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
GBPJPY RISING
Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
Game time!
It was a very restful weekend with lots of fun with family and friends.
Now, it is time to get back to the work at hand.
Currency of interest: GBPJPY
position: long
My third trade.
Happy trading folks!!
Now, it is time to get back to the work at hand.
Currency of interest: GBPJPY
position: long
My third trade.
Happy trading folks!!
GBPjpy to visit previous highs
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
The pair is has rebounding very strongly, anyone buying dips on this pair would have made a small fortune.
I expect the the pair to continue rising. On the back of solid economic data from the British pound, i expect more gains from this pair.
We can see price action rebounding. Price currently above the middle line.
We also see stochastic above the 50 mark, signaling bullish momentum
Stochastics (default setting)
Bollinger bands (default setting)
The pair is has rebounding very strongly, anyone buying dips on this pair would have made a small fortune.
I expect the the pair to continue rising. On the back of solid economic data from the British pound, i expect more gains from this pair.
We can see price action rebounding. Price currently above the middle line.
We also see stochastic above the 50 mark, signaling bullish momentum
GBPjpy to drop!!
I am forecasting a decline of the gbpjpy. my target is the support around 180.
On the daily chart, we see the stochastic indicator crossed down below the 50 line, with the pair just above the middle line of the bollinger bands.
If price is unable to stay above that middle line, we should see a reasonable decline.
on the weekly chart, we also see a bearish candle forming, signalling that the pair may have hit a peak. Stochastic is also crossed down, signaling bearishness.
On the daily chart, we see the stochastic indicator crossed down below the 50 line, with the pair just above the middle line of the bollinger bands.
If price is unable to stay above that middle line, we should see a reasonable decline.
on the weekly chart, we also see a bearish candle forming, signalling that the pair may have hit a peak. Stochastic is also crossed down, signaling bearishness.
BOJ pushing gbpjpy up
The gbpjpy is on the rise, currently close to 179, after a breakout
from the monthly chart, we see the pair in a tight range, i think the pair will continue to range till the end of the year.
I expect it to drop back after hitting 180
from the monthly chart, we see the pair in a tight range, i think the pair will continue to range till the end of the year.
I expect it to drop back after hitting 180
Bulish GBPJPY
on the monthly chart, we can see the pair in a range.
I am expecting a bounce from support, then an upward break to the 190 number mark.
I am expecting a bounce from support, then an upward break to the 190 number mark.