hello my dear friends,
here I'm gonna start analyzing this cute pair, the GBP/JPY and we will follow it using the simple technical analysis
so would u like to join me ?!!
freedomfigher
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
My lovely indicator I need to convert for MT5 0 replies
Crazy GBP/NZD chart! 2 replies
Just lovely discussion :) 27 replies
Why such crazy fluctuation with the JPY? 4 replies
now we are going to prepare our charts for the new week
The daily chart
for sure we are now in a strong downtrend, the price broke a small uptrend, but it stopped before breaking the support at 205.95 but with this strong bearish close, I think it's gonna break it before stopping again at 204.65
The 4 hrs chart
we see also that the price pulled back from 205.95, but it started again going down so we expect that it will break this level going to 204.65
The 1 hr chart
there is a bearish divergence that tells us that the pair is still going down although the reverse from 205.95now we would wait and see,, It it completed the reverse we will wait for a good area to sell, if it broke 205.95 we will start selling here
now take a look at my charts