Trade plan 13 September 2016
-Daily chart
Price Action
Price is currently at monthly pivot point (MM3) which currently acts as monthly resistance,price is also currently on dynamic support (21 Moving Average) a bounce off dynamic could indicate a strong bullish trend while a break through would indicate a possible end in the bullish trend
Stochastic just crossed the 50% line heading to the oversold zone
Market
The 55 and 21 Moving average indicate a bearish market

-H4 chart
Price Action
Price is currently at weekly pivot point (WM3) a breakthrough in the upside of the Descending triangle will confirm a bullish market while a breakthrough the downside will indicate a bullish market
Stochastic is currently at the oversold zone
Market
The 55 and 21 moving averages indicates a possible end in the bullish market
-H1 chart
Price Action
Price is at WM2
Market
The 55 and 21 Moving average cross has occur indicating a bearish market
Planed Entry
Looking for a breakthrough in the Descending triangle on the H4 chart than look for a role reversal in the direction of the breakthrough on the H1/M15/M5

GBPJPY Daily

GBPJPY H4

GBPJPY H1

2 thoughts on “CPI Data fails to move the Pound Technical analysis still indicate a bullish Movement for the GBPJPY130916”

  1. Miles says:

    Great call with the negative CPI data! Keep up the good work!

  2. Thabang George Mofokeng says:

    Thanks Miles will do….

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