{"id":664,"date":"2019-07-17T18:17:06","date_gmt":"2019-07-17T09:17:06","guid":{"rendered":"https:\/\/forex-kei.com\/?p=664"},"modified":"2019-11-02T18:39:06","modified_gmt":"2019-11-02T09:39:06","slug":"chartanalysis-gbpjpy17072019","status":"publish","type":"post","link":"https:\/\/forex-kei.com\/?p=664","title":{"rendered":"GBPJPY continuous bearish trend, SELL"},"content":{"rendered":"<h2 class=\"p1\">Daily Chart bearish<\/h2>\n<p class=\"p1\">Daily chart shows continuous down trend as follows<span class=\"s1\">,<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Ichimoku Cloud<\/li>\n<\/ul>\n<p class=\"p1\">Price is below cloud. Chikou span is below candles.<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Bollinger bands<\/li>\n<\/ul>\n<p class=\"p1\">Price is walking along StdDiv -2 downwards<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">MA20<\/li>\n<\/ul>\n<p class=\"p1\">MA is going downwards and price is below 20SMA.<\/p>\n<h2 class=\"p1\">H1 Chart range<\/h2>\n<ul class=\"ul1\">\n<li class=\"li1\">Ichimoku Cloud<\/li>\n<\/ul>\n<p class=\"p1\">Price is below cloud<span class=\"s1\">,<\/span> however<span class=\"s1\">,<\/span> Chikou span is about to interact with candles.<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Bollinger Bands<\/li>\n<\/ul>\n<p class=\"p1\">Current price is right in the middle of StdDivs<span class=\"s1\">,<\/span> so it could go either direction. The bands are contracting<span class=\"s1\">,<\/span> showing the price is charging energy for the next move.<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">MA20<\/li>\n<\/ul>\n<p class=\"p1\">The price could be resisted by the SMA20 and go down.<\/p>\n<p class=\"p1\">Also<span class=\"s1\">,<\/span> I can see that there<span class=\"s1\">\u2019<\/span>s a resistance line at 134.501 and support line at 133.942 and the current price level is right in the middle.<\/p>\n<h2 class=\"p1\">M5 Chart range<\/h2>\n<ul class=\"ul1\">\n<li class=\"li1\">Ichimoku Cloud<\/li>\n<\/ul>\n<p class=\"p1\">The cloud is horizontal and Chikou span is interacting with the candles.<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Bollinger Bands<\/li>\n<\/ul>\n<p class=\"p1\">The price was resisted at BB<span class=\"s1\">\u2019<\/span>s StdDIv +2 at 134.428 and coming back down now. The bands are expanding and getting ready for the next contraction.<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">MA20<\/li>\n<\/ul>\n<p class=\"p1\">SMA20 is moving up and down. Not reliable indicator for M5 timeframe.<\/p>\n<h2 class=\"p1\">Trade Strategy<\/h2>\n<p class=\"p1\">Sell in a long term.<\/p>\n<p class=\"p1\">As the price gets close to a resistance line in H1 at 134.501 and touches BB StdDiv +2<span class=\"s1\">,<\/span> then sell as Daily chart shows it<span class=\"s1\">\u2019<\/span>s a down trend.<br \/>\n<!-- TradingView Widget BEGIN --><\/p>\n<div class=\"tradingview-widget-container\">\n<div id=\"tradingview_3fc06\"><\/div>\n<div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/FX-GBPJPY\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"blue-text\">GBPJPY Chart<\/span><\/a> by TradingView<\/div>\n<p><script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/tv.js\"><\/script><br \/>\n<script type=\"text\/javascript\">\n  new TradingView.widget(\n  {\n  \"width\": 700,\n  \"height\": 450,\n  \"symbol\": \"FX:GBPJPY\",\n  \"interval\": \"60\",\n  \"timezone\": \"Etc\/UTC\",\n  \"theme\": \"Light\",\n  \"style\": \"1\",\n  \"locale\": \"en\",\n  \"toolbar_bg\": \"#f1f3f6\",\n  \"enable_publishing\": false,\n  \"hide_side_toolbar\": false,\n  \"allow_symbol_change\": true,\n  \"container_id\": \"tradingview_3fc06\"\n}\n  );\n  <\/script><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Daily Chart bearish Daily chart shows continuous down trend as follows, Ichimoku Cloud Price is below cloud. Chikou span is below candles. Bollinger bands Price is walking along StdDiv -2 downwards MA20 MA is going downwards and price is below 20SMA. H1 Chart range Ichimoku Cloud Price is below cloud, however, Chikou span is about to interact with candles. Bollinger Bands Current price is right in the middle of StdDivs, so it could go either direction. The bands are contracting, showing the price is charging energy for the next move. MA20 The price could be resisted by the SMA20 and go down. Also, I can see that there\u2019s a resistance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":665,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[1],"tags":[3,10,11,26,76,93,94],"class_list":["post-664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-youtube-videos","tag-forex","tag-gbpjpy","tag-pickup","tag-chartpatterns","tag-ichimoku","tag-chart-analysis","tag-bollinger-bands"],"_links":{"self":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=664"}],"version-history":[{"count":2,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/664\/revisions"}],"predecessor-version":[{"id":667,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/664\/revisions\/667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/media\/665"}],"wp:attachment":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}