- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Fan Lines,Retracements,CCI,
- Prepared with :JForex 4
- Current Level :171.11
Metal_Mind's Blog
GBP/JPY-From range to breakout?
GBP/JPY-Retracement or Revarsal??
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines, Fibonacci Retracements,EMA 3,5,13,21,50,100,Time Markers.
Current Level : 170.80
GBP/JPY have had a very interesting layout in past two months. The strong bullish wave that stopped in on 31st December making room for a waited retracement after over 800 pips bullish momentum without any major retracements. The pair surprised in these two month with very strong bearish & bullish trends and intermidiate movements that lasted for days.
Th…
GBP/JPY-Continues Bullish Rise!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 171.21
GBP/JPY have had a very interesting layout in past two months. The strong bullish wave that stopped in on 31st December making room for a waited retracement after over 800 pips bullish momentum without any major retracements.Even though the recent 650 pips retracement looks like is the start of a bearish trend i want to hold ground for a bit .From my point o
GBP/JPY - Range followed by Retest!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 168.39
GBP/JPY price broke key resistance at (169.13) for the first time on 3rd December followed by a retracement and encountering a support at (165.88) level .From 5 to 10 December we had an exceptional 415 pips bull run towards (170.07) level.After a short 200 pips retracement there was another attempt to break higher but the momentum isn't strong enough to to that and currentl…
GBP/JPY Third Wave Movement
Charts: Daily; 4Hours .
Indicators: 200 EMA& 50EMA,Relative Strength Index , Support & Resistance Levels
Current level: 157.59
Indicators: 200 EMA& 50EMA,Relative Strength Index , Support & Resistance Levels
Current level: 157.59
GBP/JPY is in a bullish trend for quite a while now ,but recentlly i observed the similarities of the waves in which the trend moves. Even though the main trend on Weekly time-frame is strong bullish ,we can see from the first picture that the trend moves in strong up moves forming higher resistences and after that pullbacks forming higher support levels.Having
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