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GBPJPY MAY BE SOLD NEAR 141 LEVELS | 08032017

Hello my dear fellow community members,
The GBPJPY has broken below from a rising trendline. A pullback is anticipated to 141 levels to sell it. Here is the chart showing the setup.
GBPJPY DAILY CHART


I am looking for a pullback to enter SHORT.
Any comments or suggestions about the setup are welcome.
Happy trading.
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GBPUSD | BIAS IS STILL BEARISH

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
GBPUSD Weekly Chart
  • The MACD on the weekly is in the negative zone and rising. The histogram is positive and losing value.
  • The RSI is turning down.
  • The Stochastics is turning down.
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AUDCAD

The AUDCAD pair looks like making a rising wedge with the apex of the wedge at 13 DEC 2016 valued at 1.02250. According to the wedge drawn by me the price if it obeys the wedge till 1st Nov then upper line is at 1.01920 and lower line is at 1.00320. So I assume that the price will be between these two levels on 1 Nov 16 at 1200 GMT.
DAILY CHART
4H CHART

The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Ha…
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