Free forex signal

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.