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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

Adeh market mmg misteri skang ni.. isi minyak lama sangat.. :D :D

hi salam semua.... nak share daily FX punya analisis di sini... enjoy k tp tak pasti .. valid lg atau tidak :D
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HI GUYS...

Just my personal view...i will see GJ still continue to up again....This week...This week target still 215.15 FE 161.8...because i thinks have complete retracement... last week....at 61.8(208.74)and Still above EMA50 close price....Strong Support now i see Gj at fibo level 50% 209.88...and a strong resistance 211.89 price this week...just my opinion ..if GJ break lower...last week... 208.74... my critical zone to gj down trend is 207.55....trade on your risk...good luck guys:p

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Market preferable in Bullish bias as long the price moving upwards following inside the bullish trendline channel. But just be carefull for reversal bearish trend since there is also a possibility that the price is making a "Double Top". Watch closely the thick yellow support trendline before making any entry. Preferable Bullish Continuation.
 
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At the moment there are 2 possibility which is either Bullish Continiuation or Bearish Reversal. For the Bearish Reversal idea I presumed the price will go down to perform wave a and then go up to complete wave b before going downwards again in making wave c. The establish of "Head & Shoulder" pattern and the resistance of the unbreakable short critical point later will boilster this idea. Otherwise we might see a Bullish Continuation to complete wave c (white colour).
 
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Price has made a little breakout but maybe its just a False Breakout. I still prefer for Bearish Reversal idea and looking for a "Double Top" and "Head & Shoulder" to be perform later. A lower trend breakout will boilster this point of view. Otherwise we shall see Bullish Continuation trend. Tips : wait for a good BSTS signal before making a short entry.
 
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I'm looking for a big "Double Top" (blue rectangle) to be establish later. I'm still prefer for Bearish Reversal trend to be happen later. Watch closely the short critical line. As long the short critical line has not been taken, Bearish Reversal speculation would still be valid. A strong breakout to the lower trendline will boilster this point of view. Otherwise we shall see a Bullish Continuation later. Preferable - Bearish Reversal.
 
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Market already show a very strong Bearish Reversal. I believed the price in the process of making wave c downtrend and a "Double Top" can be considered to be establised but how far it will go, we still need to wait and see any signal from BSTS later. A breakout to the lowest trendline would boilster this bearish reversal speculation. Preferable Bearish Reversal.
 

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