GBPJPY Fundamentals / Decision-Making Analysis

29 maj 2018

Fibonacci Ratios
- 0.786 / Price level: 148.000
- 0.382 / Price level: 145.000 - 145.750

See these as key areas for price action, so buy or sell orders could be placed here if the below indicators are fulfilled. Could also use 0.236 & 1 ratios (and their accompanying lines) as positions for stops etc


Moving Average 5 Day (GREEN)
- Both 5 & 10 day moving averages have failed to break through on to the upside of the 50 day moving average (Bearish in the short run - see thumbs down)
- However, the 5 day moving average has recently broken through to the upside of the 10 day moving average (see thumbs up) this could be seen as the first indicator showing the need for a future correction (Bullish indicator NOT A BUY SIGNAL THOUGH)

Moving Average 10 Day (YELLOW)
- If the 10 day moving average, along with the 5 day moving average, breaks through the 50 day moving average (Bullish indicator POTENTIAL BUY SIGNAL)
- If the 5 day moving average cuts back across the 10 day moving average towards the downside (Bearish Indicator POTENTIAL SELL SIGNAL)

Moving Average 50 Day (RED)
- The 50 day moving average has consistently been above the price since the 23rd of this month, showing a downward trend.
- The 5 & 10 day moving averages have failed to break through the 50 day moving average on to the upside.
- If the price cuts across the 50 day moving average on to the upside (Bullish indicator)
- If the 5 & 10 day moving averages cut across the 50 day moving average on to the upside (Bullish indicator)
- If the 5 & 10 day moving averages stay below the 50 day moving average (Bearish indicator)


Just some analysis based on moving averages and fibonacci ratios, hopefully this sort of thing will provide an edge during such choppy times. At current, my position is long IF further indicators are met.

This is not any form of financial advice and does not endorse any form of trade.

Good Luck

Ps. cut your losses