pepy Posted June 8, 2016 Share Posted June 8, 2016 Bullish correction happening in the last 2 days based on daily chart. It seems this condition is not strong enough to lift the price to higher level. Seller on the hand seems tried to stop correction yesterday, so today i predict the seller may dominate the market once more and GJ may fall to around level 153.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted June 9, 2016 Share Posted June 9, 2016 Doji seen formed on H4 chart of GBPJPY pair, the price is closed above psychological level at 155.02 and also for sure above EMA(20). RSI(14) which one of the indicators observed rise to level 39, while Stochastic (5,3,3) observed to rise to around 16. Macd (12,26,9) forms lowers low position. Bias for the price is bullish and may meet it at 156.01. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 13, 2016 Share Posted June 13, 2016 It seems GBPJPY successfully break the lower band on daily frame with RSI and Stoch(5,3,3) fall simultaneously to 31 and 17. Macd (12,26,9) forms lowers low. So overall the pressure from seller still significant and bias is overall bearish which may bring the price to psychology support 150.00. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 20, 2016 Share Posted June 20, 2016 Gap up following bullish harami formation which formed last weekend can be a signal for the price of GBPJPY to turn the sentiment from bearish to bullish and could drive price to higher level . But still don't forget this weekend is the most volatile weeks for GBPJPY so still update your fundmental especially before UK referendum. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 9, 2016 Share Posted July 9, 2016 GBPJPY's pair formed doji pattern on H4 chart with candle break psychology support at 130.00 and closed below of that psychology price. Stochastic (5,3,3) falls to around level 14. RSI(14) fall to around level 30. Macd (12,26,9) forms lowers low. Chart now dominated by strong bearish trend with support around lower band at 128.20 Quote Link to comment Share on other sites More sharing options...
pepy Posted July 15, 2016 Share Posted July 15, 2016 Hanging man doji indicated bearish but not really strong trend on H4 chart of GBPJPY this formation confirmed with MACD forming higher low, Stochastic fall to area around level 56, while RSI fall to exactly at level 66. This bearish bias may lead price to fall and break pivot at 139.70 while support is at 137.21. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 22, 2016 Share Posted July 22, 2016 H1 chart analysis frame saw that GBPJPY got a bit pressure and it opened exactly above daily pivot level and MA25 also MA50. There is no big movement yet for GBJPY overall i can say it is under sideways, however, it is worth wait because the phase separated from this phase trending will again occur, whereas the stochastic indicator (5,3,3) down to level 56. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 2, 2016 Share Posted August 2, 2016 On 1 hour time frame, GBPJPY is currently moving down to the lower level at 135.159, then MACD indicator signals that the market price has reached saturation point with formed a higher lows, in addition we can see that EMA28 and Parabolic SAR also shows bearish sentiment and estimated the market will moves up to level 135.557. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 8, 2016 Share Posted August 8, 2016 For this pair it seems GBPJPY is trying to move below the swing cloud on daily chart. The price is still move slightly above EMA20 but want to break it so bad. Technically with the current tendency this pair seems will fall to deeper level of price, especially the bearish trend is clearly visible. So GJ predicted to be weakening to level 130.902 or lower just for today. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 11, 2016 Share Posted August 11, 2016 On H1 chart GBPJY successfully break the lower band and price is currently under pivot daily line. RSI (14) down to around level 37 and moving below EMA25. While the stochastic indicator (5,3,3) rose to level 60. Overall i think the price will keep bearish sentiment but not so strong and may ended up in EU session later. I recommend sell at most 132.502. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 15, 2016 Share Posted August 15, 2016 GBPJPY's daily chart saw the price seems to move down slowly but still looks bearish pattern which is maintained even if the movement is not great. Even with a tight movement the consistency  remain stable until the price is likely to weaken further. Stochastic(5,3,3) considered fall to around level 43 while MACD is forming higher low. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 17, 2016 Share Posted August 17, 2016 Pinbar formed on GBPJPY's 1 hour time frame where the price is closed above EMA10. Most of indicators seems agree with this just like RSI observed to rise at level 58, Stochastic also rise to around level 20 and MACD formed higher high formation, bias is bullish and it seems this pair may target 131.902 at most. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 18, 2016 Share Posted August 18, 2016 GBPJPY on H1 chart saw bullish engulfing pattern formed with the price is moving below pivot line today indicated the bearish sentiment. Other indicators seems agree with it with RSI (14) rose to level 49 and Stochastic (5,3,3) do the same and rose to around level 53. The bias is clearly bullish and the price may break the upper band today with the current trend. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 19, 2016 Share Posted August 19, 2016 Bearish engulfing pattern formed on GBPJPY's 1 hour time frame and the price also is closing below middle band considering the current tide. RSI 14 observed fall to level 43 or around, while Stochastic (5,3,3) fall to around level 35 for now. MACD formed lower high. Bias is bearish now and price may reach target at most 130.340. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 22, 2016 Share Posted August 22, 2016 Gap formed on GBJPY's H1 chart indicated this pair is under bullish pressure, MACD(12, 26, 9) on this chart formed higher high. In the other hand RSI(14) is sideways with the current level at 59. Stoch (5,3,3) is rising and now at level 57 after formed bullish crossover. The bias is bullish for now and may reach the target at 132.190. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 23, 2016 Share Posted August 23, 2016 GBJPY on 30 minutes chart gain bullish momentum, on the chat 3 white soldiers pattern formed which means the price may rise further. This also supported by Stochastic(5,3,3) which seen make bullish crossover on near oversold zone, it also rise to 35 while RSI(14) also rise to level 56. MACD(12,26,9) also formed lower high. The price may rise to 132.210 once again. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 25, 2016 Share Posted August 25, 2016 Since the bullish gap the price is under bullish sentiment, but with bearish candle on the top formed it seems correction will take a place, but seeing the previous 3 white soldiers and also the gap itself , GBPJPY overall will rise up to 133.500. Stochastic and RSI both are falling but Stochastic is near oversold zone now and may reverse later, as for MACD it formed lower high. The bias is limited bearish. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 26, 2016 Share Posted August 26, 2016 Hanging man spotted on GBPJPY's H1 time frame chart with the price break the lower band. RSI(14) observed to fall to level 47 while Stochastic(5,3,3) fall to level 30. MACD forms lower high. Price is practically bias overall and the price may fall to next support level. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2016 Share Posted August 29, 2016 Hanging man spotted on H1 of GBPJPY chart and also it's a failure sign. The price can't advanced further failed to break R2. RSI and Stochastic both fell to level 55 and 19 while MACD formed lower high. At this rate this pair may fall further, and may reach 133.502 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 30, 2016 Share Posted August 30, 2016 Since the opening it seems that GBPJPY on H1 chart in sideways but lately with the breakout at EMA20 and Pivot also the middle band and closed above. RSI(14) spotted rise to level 57 with Stochastic (5, 3, 3) rose to level 56. The prediction for today's current trend is bullish and the target is at 133.950 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 31, 2016 Share Posted August 31, 2016 GBPJPY based on 30 minutes chart observed to break 1st and 2nd resistance level without ease. RSI(14) and Stochastic (5,3,3) both rose to higher level at 77 and 76, but MACD formed higher low after high high before formed. It seems this pair will under correction first before it rise once again. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2016 Share Posted September 1, 2016 GBPJPY based on 1 hour time frame created a strong bullish sentiment by breaking EMA20 and upper band, not to mention there is a big white candle formed. RSI(14) seen rise to level 83 while Stochastic (5,3,3) rise to level 94. I see correction is unavoidable but compared to pressure it will be just limited correction before the price rise back. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 2, 2016 Share Posted September 2, 2016 GBPJPY on 1 hour time frame formed bullish engulfing pattern and the price also rejected by EMA20 and before break the middle band and closed above. RSI(14) spotted rise to level 63, while Stochastic(5,3,3) spotted rise to level 70. This pair is bullish with the next target is at 137.73 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 9, 2016 Share Posted September 9, 2016 Big white candle spotted on 1 hour time chart, and also supermath is showing BUY signal. I can say this pair may keep rising but will face some resistance first. RSI and Stochastic spotted to rise both at 69 and 91 respectively. The conclusion for GBPJPY is bullish and target maybe at 137.20 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 12, 2016 Share Posted September 12, 2016 GBPJPY on 30 minutes chart saw the hanging man followed by bearish candlestick. At the moment, this pair is under daily pivot thus supporting this movement. Parabolic SAR indicator (0.02,0.2) showed sell signals, RSI (14) fell down to level 38 while Stochastic indicator(5,3,3) fell down to level 16. The conclusion is GBPJPY's bias is bearish with the target at 135.002 Quote Link to comment Share on other sites More sharing options...
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