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Double bottom test

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..
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P3tr4 14 Lis

So far so good..:)

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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…
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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 …
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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…
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P3tr4 27 Kwi



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 Kwi

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 Kwi

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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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!!
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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
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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.
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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
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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.
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VictoriaVika avatar

Good job!

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