As bearish is weak on weekly chart, GJ may started to change trend by next week.
Trade Idea:
1- Enter long when price close above previous peak or above Kumo. SL at KS.2- Enter short when price close below KS. SL around 100 pips.
Happy trading.
Sunday, 24 April 2011
GBP/JPY Weekly Analysis
Weekly Chart : A pin bar appeared under the TadawulFX broker. An indication of rejection of GJ from going down. GJ still moves inside Kumo as long term traders do not make any significant move.
As bearish is weak on weekly chart, GJ may started to change trend by next week.
4H Chart : GJ moves in flat trading range. Volatility is low. GJ is predicted to make a significant move next week or next 2 weeks during Non-Farm news.
2- Enter short when price close below KS. SL around 100 pips.
Happy trading.
As bearish is weak on weekly chart, GJ may started to change trend by next week.
2- Enter short when price close below KS. SL around 100 pips.
Happy trading.
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