faddy

faddy

GJ was stuck in a flag pattern for nearly 2 months. Price tested a major support level 3 times, corrolating with the flad pattern. Price broke out of the flag pattern, retested it, couldn't break the support and has been going up for 2 days now. We expect at least another day for 2 of rise on this pair to complete the 3day, 3 level move.

faddy Updated 

In the 1hr chart, price at support, with the right shoulder of the head and shoulders forming

faddy

GJ in zone...3 hits at major resistance,Possible wick fill at 141.500. Support at 142.000 needs to be broken and retested for sell confirm under the zone. If price breaks above 142.500 and gives retest, price could go up

faddy

FX:GBPJPY

faddy

If price breaks and closes below 150.500, price could push down further to retest the Bullish channel support, or even further down...If prices breaks and closes above 151.000, we could see a push up to 151.500 and above, even to continue to the resistance line of the Bullish channel at about 153.500 by the end of the day or in the next couple days.

faddy Updated 

Price is moving in a bullish channel in a 4hr and daily time frame...Price has to break the resistance and close after the 148.500 level on 4hr chart for a long, target1 149.500, target2 150.000....If price breaks the support of the channel 147.500 on 4hr chart, its short, target1 .146.500, target2 145.500

faddy Updated 

If GJ closes below the 148.500 mark on the 4hr tf, it should be a short. If the daily candle closes bearish, it will be a bearish continuation to the key demand zone of 147.500 or 145.500. Patience!!