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GBPJPY - major reversal

Haynes6EU Опубликовал 19 Май как анализ GBP/JPY , Цель: 166.5000, Дата: 1-е Июля, 12:00 GMT в #Technical analysis #GBP/JPY #Yen #Gbpjpy #Pound #Ascending Triangle #Major Reversal

Background: This analysis base on price action, trend line, support/resistance level and ascending triangle in weekly and daily charts. Let's see the charts below!
1. Weekly chart: Weekly chart shows ascending triangle in a up trend and the consolidation period just ended. A break the rising trend should be signal for reversal in Daily chart.
2. Daily chart: Ascending triangle has just break and we can see more downside of this pair. The next support level are 169.5; 168 and 164 and strong resis…

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GBPJPY continuation trend after consolidation period

Haynes6EU Опубликовал 30 Апр. как анализ GBP/JPY , Цель: 175.200, Дата: 2-е Июня, 12:00 GMT в #Technical analysis #GBP/JPY #Yen #Gbpjpy #Pound #Tri Angle Consolidation #Trend Continuation

1. Weekly chart: I see the pair GBPJPY is in consolidation period and it will finish in coming weeks. The rising trend will continue? Price rebounce as hit the trend line. Quick rejection at 164 level, strong support at 167.6 level and range consolidation is narrow now. It should be prepare for rising trend continuation.
2. Daily chart: Rising triangle in the rising trend. So the trend should continue! We can see the pair pull back to trend line before rocket
3. GBPUSD can go up to 1.703, meanw…

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GBPJPY - major reversal

GBPJPY continuation trend after consolidation period