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GBPJPY FALLING!!

P3tr4 Posted 22 July as Analysis on GBP/JPY, Target: 142.85, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/JPY #Market Trend #Stochastic Indicator #Monthly Chart #Weekly Chart #Currency Markets
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 wit…
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GBPJPY FALLING!!

P3tr4 Posted 23 June as Analysis on GBP/JPY, Target: 141.25, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/JPY #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
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 wit…
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GBPJPY RISING!!

P3tr4 Posted 30 May as Analysis on GBP/JPY, Target: 144.35, Date: 3rd of July, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy #Market Trend #Stochastic Indicator #Monthly Chart #Weekly Chart #Currency Markets
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…
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GBPJPY RISING!!

P3tr4 Posted 14 Apr. as Analysis on GBP/JPY, Target: 138.45, Date: 1st of June, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
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 …
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GBPJPY RISING

P3tr4 Posted 24 Mar. as Analysis on GBP/JPY, Target: 143.85, Date: 1st of May, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
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…
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3 Comments
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P3tr4 27 Apr.



It has been a very busy month for gbpjpy, first we had a swing all the way down to 135.61 and the bears were in control, then a series of events which increased the general market risk appetite and this same pair is now at 143.45. It is very close to 143.85, and from the look of things,it is forming a strong bullish doji candle. So it could easily add a couple of more hundred pips next month.

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P3tr4 28 Apr.

There is a big bearish divergence forming on this four-hour gbpjpy chart, and it could turn down any moment now. It is at 144.42, so I am looking for a 60 pips drop back to 143.85. It is a bit hopeful, and trading divergence is very risky business, because there is no guaranty when the move is going to happen.

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P3tr4 30 Apr.

Third update.
current price: 143.98
Deviation from forecast : 13 pips

the trend is bullish, but market drop based on indicated divergence has begun. Best support 143.50 or 143.00. Next update will be ready in 12 hours before end of contest. Even while I type this update, the trend is already turning down on smaller time frames, main trend is still up.

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GBPjpy to visit previous highs

P3tr4 Posted 27 Feb. as Analysis on GBP/JPY, Target: 188.8900, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy #Weak Yen
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
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180 for the gbpjpy

P3tr4 Posted 30 Jan. as Analysis on GBP/JPY, Target: 180.0000, Date: 2nd of March, 12:00 GMT  in #Technical analysis #GBP/JPY #180 Gbpjpy
My forecast for this pair is very bullish.
Time frame: Daily
Indicators:
Bollinger bands
Stochastic indicator
After an impressive drop, i see 180 as a strong area to note. I forecast a retracement back to 180 and maybe above, before price starts to fall again.
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GBPjpy to drop!!

P3tr4 Posted 12 Dec. as Analysis on GBP/JPY, Target: 179.3000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy #Bears
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.
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Bearish on the gbpjpy

P3tr4 Posted 28 Nov. as Analysis on GBP/JPY, Target: 179.0000, Date: 2nd of January, 12:00 GMT  in #Technical analysis #GBP/JPY
After a superb climb, expecting the pair to decline towards the end of the year. my target is 179.
expecting the upperband of the bollinger band to act as a strong resistance..
the pair is highly over-bought and due for some retracement.
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3 Comments
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P3tr4 9 Dec.

we can see some bearishness starting on the pair, but it is still too early to say convincingly. We all know how quickly the yen pairs bounce back after a dip. Price is currently at 187

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P3tr4 11 Dec.

The pair is at 186, but with the usdjpy starting to rally up again, my target of 179 is not looking so feasible. The bull trend may be continuing.

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P3tr4 12 Dec.

The pair looks to be entering what looks like a range, about 500pips above my target price. We may see some increased volatility towards the end of the year, but with the yen generally weak, my analysis could be very wrong.

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BOJ pushing gbpjpy up

P3tr4 Posted 31 Oct. as Analysis on GBP/JPY, Target: 178.0000, Date: 1st of December, 12:00 GMT  in #Technical analysis #GBP/JPY #Resistance #Gbpjpy
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
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