Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
GBPJPY Poised to rise further The price broke out of the second intervention zone when the BOJ intervened in the market almost three weeks ago. There is no reason for GBPJPY to move down at this moment as long as BOJ is doing nothing to support its currency. All the JPY trades are showing a win-win game which is getting insane. You may find more details in...
Clear signs is showing that GBPJPY has been breaking its main resistance from 196.881 and we can see that a reversal is on its way. I have placed TP, SL, and Entry on screen. Please follow for more updates and signals with breakdowns! Please message me directly if you have any inquires about these trades.
GBPJPY is in a correction period. The price has an opportunity to test the 198.16 and 199.46 resistance zones. If the price cannot break through the 199.46 level, it is expected that there is a chance that the price will fall. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Sell on the theory markets ranges 70% of the time. Sell on the theory markets retraces HALF of the previous move 90% of the time. Wait for 30m LTF breakdown for confirmation.
Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly...
www.tradingview.com On the chart H1, after 3 bullish waves an 2 bearish waves so we expected en ABC corrective waves.
GBPJPY is likely to experience a decline in the next few days, with the movement of gbpjpy already touching the upper channel boundary, which creates a strong barrier for gbpjpy to rise further. I hope gbpjpy will take corrective steps first before continuing its increase
G/J is giving great uptrend market structure. I will be taking G/J Long for 144 pips. Entry - 97.747 Stop Loss - 197.072 67 PIPS Take Profit - 199.193 144 PIPS
On 1h , AB=CD pattern has been drawn. Since there is no RSI divergence as well, therefore, Bullish Trend is likely to continue till reaching Potential Reversal Zone. Be watchful there for any reversal. My trade values are depicted on chart. Keeping Risk/Reward ratio to 1 and 2 respectively for two trades.
GBPJPY is moving in an ascending channel. The chart has reached the resistance level. The pair has reached the maximum since 2008, and the chart is barely reacting to the news that the Central Bank of England will probably not cut the rate this year. The volatility of the price movement has decreased. We expect a correction in the...
Using Topdown analysis method, the market proved to be in an uptrend across multiple timeframes. As the price have broken through an area of major resistance and an all time high of recent times,targeting the next high (215.877) that dates back to July 2008 is the only inevitable.
GBPJPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GBPJPY Entry - 198.70 Stop - 200.46 Take - 195.79 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in blue. At present, GBPJPY is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong round number $200. 🏹 Thus, the highlighted red circle is a...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 192.000 to 191.700, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 192.000 and 191.700, suggesting another area with moderate risk for potential buying...
I'm in the bear at 199.50 lets see what happens from here Target 1 should be no problem but target 2 may take a while.
Trailing and scaling initial trade great opportunity for another entry at this level for a short. Price was at a bearish retracement 61.8% broke out of the micro bullish channel. The previous bearish move was extremely violent in comparison to the bullish move that took a whole week. I will ride it down to about 61.8% retracement of the most recent bullish move.
Following the successful closure of our previous position in this currency pair, which yielded a profit, we are now closely monitoring the market for signs of a potential reversal. This observation is based on the appearance of a strong absorption candle around the 200.55 area, which initiated a price retracement. The price has since retraced and returned to...