GBPJPY Forex Analysis: During this current Pre US session GBPJPY is having a Moon Sun Trine Aspect time. We will share what could be the possible trade forecast on the current time. GBPJPY market structure & its technical analysis, fundamental analysis. Any economical news effect.
We have set up the chart with the basic. First we have removed all planetary line from the chart, then only plotted following planetary lines:
- Saturn Line
- Neptune Line
- Sun Trine Aspect Price Line
- Jupiter Trine Aspect Price Line
Why have we plotted these lines? Only because, currently we are having “Sun Trine Moon” aspect & next we are having “Jupiter Trine Moon” & “Neptune Conjunction Moon” aspects. Now, our indicator has two slots to plot aspects price line for two planets. So we have plotted “Jupiter Trine Price Line” & “Sun Trine Price Line”. Neptune aspect price does not need to plot separately as its “conjunction” 0 degrees, hence direct Neptune Line will represent it.
“Saturn sextile moon” we did not plot because that aspect already got over. So we only have shown Saturn basic price line.
We also have plotted Andrew Pitchfork which indicates that the big trend is actually negative or bearish. Plus the trend dashboard for GBPJPY is also showing bearish with ADX(Average Directional Movement Index), Bollinger Band & MACD (Moving Average Convergence Divergence).
Forex News Release:
There is no upcoming major news release.
There is a good sell opportunity from “Sun Trine Price Line” 146.21 only if market obeys the Andrew Pitchfork. Targeting “Jupiter Trine Price Line” 145.03. That is almost a 118 pips target. This is the US session & no major forex news. So if the market fell up to the middle of the Andrew pitchfork it will be good to trail the position.
If the market stays bullish then the target is towards Saturn line 146.75.