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GBPJPY heading south

P3tr4 Posted 6 Jan. as Analysis on GBP/JPY, Target: 165.0000, Date: 3rd of March, 12:00 GMT  in #Technical analysis #GBP/JPY #Strong Yen #Bearish Attack On Yen Pairs
The way i see it, i expect the USDJPY to drop, hence the GBPJPY also. On the daily chart, MACD has already crossed down for the GBPJPY, showing some very serious bearish possibilities. It is still expected that the YEN QE will continue, so this should push the pair up eventually, but not after a decent drop to the 165 area, where there is some support.
The weekly chart also shows some bearish tendencies.
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P3tr4 11 Feb.

The GBPJPY is currently at 167.83...So my target isn't so unreasonable. I am beginning to think i should have set it lower, i have a feeling once the bears come in, they are going to crush the yen pairs. The GBPJPY dipped to 164, before it recent climb to 167/168...I suspect the pair might climb higher, but not before it does a dip...Happy trading.

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P3tr4 13 Feb.

The GBPJPY dropping to my target is beginning to look like a possibility. The GBPJPY is currently on 169.60, it went above 170. The USDJPY has started dropping, i am hoping it is the much anticipated drop to 100, if that happens, then the GBPJPY could test its recent low of 164, and a possible rebound to 165-166...or it could just drop straight to 160 - 162...lets see how things go.

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P3tr4 20 Feb.

This prediction is starting to look feasible, the yen currency is gaining strength and the GBP looks weak. This could lead to a massive drop, price is currently at 169.42..my target is still 165, the recent low is 164. We could see a bounce before that low, but the USDJPY is already below 102..chances of hitting 100 is high, hence the GBPJPY could easily hit my target. Let us see how the week ends.

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Bears to take down the USDJPY

P3tr4 Posted 6 Jan. as Analysis on USD/JPY, Target: 102.0000, Date: 3rd of March, 12:00 GMT  in #Technical analysis #USD/JPY #Strong Yen #Bearish Uj
After a strong bullish move, expecting some major correction. Even though there are a lot of speculations that the pair might climb higher, i believe we should see a decent retrace to the 102 - 100.5 area, before any more bullish moves. The daily chart shows a MACD cross downwards which is a very strong bearish indication.
the weekly chart is also revealing a bearish candle, after such a bullish move, it looks like we may have come to a temporary top.
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P3tr4 11 Feb.

the USDJPY is currently at 102.32 after dipping to 100.80..If only it could stay here for the next 3 weeks..:)
I am still expecting a bearish move on the pair, my long term view bullish, but i still expect some heavy dips before that happens.

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Bears In the Month of May

micetrader Posted 29 Apr. as Analysis on GBP/JPY, Target: 144.8000, Date: 3rd of June, 12:00 GMT  in #Technical analysis #GBP/JPY #Bearish Markets #Strong Yen #Safe Haven Currencies
Sell in May and go away. This is a very popular market quote. i see the Japanese yen pairs all turning bearish in the month of May. The MACD cross on the daily charts. the 4 Hour charts also show weakness and divergence.MACD on the 4 hour chart also showing some weakness.target areasThe BOJ can try all they want, when the market perceives any uncertainty investments in safe haven currencies like the JPY, USD and CHF will increase.
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doctorfx 29 Apr.

i think you can draw ascending triangle on 4h chart

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