weekly cable above show morning star candlestick pattern,it means reversal.A closing above 23.6% indicate the bounce is strong.I am looking next potential target around 2.0034.if 1daily candle closing above that level the price could extend further toward 2.0457.while pullback should happen anytime,1.9619 minor support should hold the price and bring another rise.if price fail to hold 1.9619 the price have a risk toward 1.9500.Buy limit 1.9660,1.9740 stop loss 1.9600 and buy stop 1.9925 stop loss 1.9810.minima target 2.0025 and max target around 2.0450.


4h chart gbp/yen above show bearish gartley pattern,im looking again for gj to breach 202.65 again,current price still supported with sma 100 hold the price and the lower trendline still strong,but the bearish gartley pattern is one of the reversal harmonic pattern, the adx show early step to falling again.while the price located below 205.80 i prefer to test 203.29,1candle closing below that level should push gj toward 202.65 support,if strong gj should sink further toward 200.61 and bring retest toward 197.23,in case price breakout 206.60.its posibble to challenge 209.00.sell limit below 205.80 to 205.00 zone,stop loss 207 minimum target 203.29 max 197.23.sell stop 204.05..

Above is a pound sterling vs yen chart,i choice 4h chart.this is a special request from my friend(twin_abduls) to discuss about gbp/jpy,He had comment below on my previous post about gbp/usd,unfortunately,im failed to download his chart,so i do myself to show my gj analysis.

As we know,gj pair is really volatile,here i would like to mark the important point about chart above:

1. now the pair still below 100sma=bearish bias
2. triangle formation=one candle opening or closing outside this triangle should confirm to the next price action
3. adx show a gj losing momentum to upside
4. Potential bullish abcd in progress,should complete around point d=1.27%fibo 197.23 or perhaps extent toward 161.8%fibo at 194.05

my opinion,the pair still haunted between minor resistance at 204.93 and minor support around 202.65,opening or closing 1candle below or above this level should confirm the next action,as long as minor resistance and sma100 hold,i prefer the pair should try to breach the minor support around 202.65 then a healthy breakout should slip this pair to complete bullish abcd harmonic pattern at 197.23 as an immediate target and possible extent toward 194.05.ok trader do your own analysis and do the best money management.Good luck;) i'll update cable again when i see the best chance to win.For this time im still holding my previous analysis to the next upside target.

Above is a daily chart for gbp/usd,i would like to update the latest signal for cable today because i see the gathering support hold price from more weakness,this gathering support should be the ultimate support for pound,while holding price above this zone could bouncing the pound to the moon,but if 1candle opening or closing below this zone should have a big impact for pound.Look like further weakness or recovery depend on this zone,so be careful..in a short term view i should say cable need a bounce first,as long as gathering support zone hold the price cable should recover toward 1.9593,1.9738 or further max target around 2.0025.while the downside pressure could not be deny,dont forget to put your stop loss below 1.9335 to 1.9361 zone.This is a big chance to counter the trend with the smallest risk and big reward. ok trader may god bless u.Take care;)

When look at the weekly gbp/usd chart above,it show the trend is still down,as long as yellow uptrend trendline hold,we should see another fall to challenge 1.9330 and maximum around 1.90 level,if an extreme slip we should see the price to test 1.8516 zone.in case a strong rise and 1weekly or daily candlestick close or open above the yellow uptrend trendline then my strategy could change automatically.



Above is usd/yen chart,a strong breakout 105.0 has been soar dollar yen till reach around 105.70 on friday,in a bigger picture,we should see a big range from 103 to 108 to verify next moving.as a near term viem,look like a rally still in favor,as long as below trendline hold,anyway be curious when price entering 106.50 to 108 zone,that's very critical zone,a breakout 108 to 109 would change a dollar yen in a bigger picture,but failure indicate the bounce have finish with a confirmation with a 1candlestick open or close at the lower trendline.