GBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with...
The EURGBP pair formed a Double Bottom on the March 08 Low but is being restricted (and fail to close a 1D candle) successively below the 1D MA50 (blue trend-line). With the 1D RSI on Higher Lows, i.e. a Bullish Divergence, we expect a rebound towards the 0.5 Fibonacci level, similar to the sequence that followed the August 23 2023 Double Bottom. Our target is...
Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.27900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. as we approach the Fomc next week fed may go for another hike due to the persistent inflation as both...
GU now looks like it might have ran out of steam pushing down and now needs to pull back to grab liquidity. Remaining cautious but looking for the next solid sell opportunity. for now I will take this as a opportunity to scalp the pullback.
GBPAUD - 24h expiry Continued upward momentum from 1.9380 resulted in the pair posting net daily gains yesterday. A Fibonacci confluence area is located at 1.9100. Selling spikes offers good risk/reward. Bespoke resistance is located at 1.9537. There is scope for mild buying at the open but gains should be limited. Intraday signals are far from strong. We...
GBPUSD - 24h expiry Previous resistance at 1.2700 now becomes support. Offers ample risk/reward to buy at the market. Daily signals are mildly bullish. Bullish divergence is expected to support prices. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to Buy at 1.2700 (stop at 1.2666) Our profit...
Today's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.400 zone, GBPJPY is trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.400 resistance area. Trade safe, Joe.
My analysis on GBP JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
Second mark-up of this week from GU, now overall you will see this is again following the same basis as the last weekly mark-up we gave out expecting price to drop lower before moving up and taking out our highs. We got our drop last week with some short term bullish price action to follow but we now have price sitting at the ideal point within the market and we...
ello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for this sideway on h4 to breakout...lets see... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide,...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago, price broke resistance level and started to trades in flat, where it declined to support level. Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level. After this, GBP started...
Hi folks today I'm prepared for you British Pound analytics. A not long time ago, the price declined to the 1.2670 support level, which coincided with the support zone, and soon broke this level and declined even lower than the support zone. Later, GBP tried to back up, but failed and declined to the trend line, after which the price rebounded and made a strong...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. It could also possibly be the case of a h&s on the h4...watch the price action as it unfold, be flexible :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank...
Price is not clear. so i have been sitting on my hands for the most part this week. Waiting for clear signs that price wants to take a direction. It is remaining within value for the most part and not giving any indication that it is ready to break to either side. All we can do is watch and wait.
GBPJPY is neutral on its 1D technical outlook (RSI = 50.345, MACD = 0.240, ADX = 29.640) as the recent bullish run came to an end on the HH trendline. For now the 1D MA50 held but the peak pattern formed is a Head and Shoulders. The 1D MACD is on a Bearish Cross, so the short signal is complete. Our target is the S1 level, potentially a contact with the 1D MA200...
Hey Traders, in today's trading session we are monitoring GBPUSD For a selling opportunity around 1.27900 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. Trade safe, Joe.
Greeting Traders, in Daily chart a bearish channel is obvious! The same thing, but bullish, could be seen in 1h I think price while regarding the long-term analysis we are bearish, we could take small profits out of a correction. Just remember this trade is a little more riskier than others. Take less risk than your normal risk. Best regards,