GBPJPY Bull

bigbax699

Recruit
Messages
7
Looking back at our old friend GBPJPY today. Alot has happened since we last took a look at it. Price broke out of the bullish wedge formation with the GBP reshuffle in parliment. Now we can see price retracing. I think we could either see a bounce from the 38 fib like we have seen many times in recent past. Or a simple re-test off the broken trend.
Quite a simple trade to look out for in the near future. GLIYF
Screenshot_3.png
 

sebking1986

Private, 1st Class
Messages
49
Nice analysis. I am looking at it hopefully hitting the 38 fib and then getting a good bounce.
 
Messages
114
Looking back at our old friend GBPJPY today. Alot has happened since we last took a look at it. Price broke out of the bullish wedge formation with the GBP reshuffle in parliment. Now we can see price retracing. I think we could either see a bounce from the 38 fib like we have seen many times in recent past. Or a simple re-test off the broken trend.
Quite a simple trade to look out for in the near future. GLIYFView attachment 50930
excellently detailed analysis here :) i am in a small buy right now ^
 

RachelEB

Corporal
Messages
74
Nothing wrong with simple, often the best way!

A lot of nice moves on the GBP pairs this week that i like the look of.
 
Top