The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of...
Hi everyone this is what I see at the moment with pound if this markets changes from this situation then I will need to reassess Happy trading Kris
Inspect PRice action at this 88.6/161.8 confluence level of the Bullish Shark Goodlcuk
Pretty close to the resistance level where seems to have the real chance to see an upward move, but would be nice to see a clean entry point first. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
With the recent bearish action the Pound continues to show weakness. The major resistance at the Monthly Pivot Range has held but now we need confirmation to see if the price will hold at current lows as we are approaching a test of this level at the time of this writing. The action to take is to place a sell order to enter the market short if the market trades...
Still into the zone, but 2 different targets, it seems to be going lower before taking bulls and an interesting battle booming out though. If that's the case, a short position first. Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week, Cream Live Trading, Best Regards!
GBPJPY has been following this channel for a while. as you can see whenever it does escape the channel so far it was come back. When it starts reaching heavy resistance then we may see a shift in the channel. Keep in mind GBP is getting out of the Brexit Zone and back into normal territory for the pound which is usually much stronger than most currencies. we can...
That is my positioning on GU. It didn't quite hit the 1.618 extension so I would allow it to break the low to that level. My stop under the quarters hesitation zone. We will either get a flag probably 23-38% for another sell, or, being GU, it could just keep chopping up to 62-78% collecting buys and taking them out. I will TP 1 at 23% andjust let the rest ride and...
GN broke out and corrected, gave you Londoners a nice buy. Entering right this second extended like that, not the greatest risk to reward. But it looks like it is in an uptrend and if it continues up in this pattern, both sets of trend fibs are lining up for it to break the major high. It may want to come down and correct. Pound pairs might retrace this morning,...
At the moment undecided with this pair don't know where this pair will break: so I'm leaving this pair and looking at others : once we see a clear break I will let the market come to me and then I can decide what the best strategy to use is Happy trading Kris
The Pound has well and truly lost its shine, having fallen over 2% from its post-Brexit high of 1.4377. Losses continued for the currency after some relatively cautious comments from BoE Governor Carney who acknowledged the recent mixed economic data, while he also suggested that the May meeting is not a done deal. Market pricing for a May rate hike is just shy...
Pound yen long is what I see at the moment Happy trading Kris
Hi everyone I see the pound aud hitting the following tp if we don't see a further break down further of this market . Happy trading Kris
this is what I currently see pound cad doing at the moment , however the market may hit either orange tp short and start breaking up higher as the main trend is still bullish: so in my analysis this market going down is just a correction for the major market going up Happy trading everyone Kris any questions let me know
EURGBP broke down through the consolidation support level only to return back to consolidation again. This forex pair has been in consolidation for some time now and rarely trends, but when it does trend there is usually a lot of profit for the taking. At the moment, price is above the Weekly 200 simple moving average and below the Daily 200 simple moving...
Hey guys, like I was expecting, there was a bullish intra-day run on FX_IDC:GBPNZD , unfortunately price did not reach my planned entry level @ 5m pivot point, so no trade for today. Feel free to contact me if you're interested to know more about my trading strategies, I'd be glad to help you to become profitable