Dear Traders, Hope you are having great holidays, today we have found two perfect areas where you can buy and target easy 500 pips or maximum of 700 pips. The first entry, enter with perfect risk management as it is risky entry, while the second entry is safe entry. Good Luck
Hey Everyone, OANDA:GBPJPY we have witnessed change in price behaviour, in longer time frame price have failed to breakthrough the 193.00 price region. After witness many strong wicks rejection we anticipate that sellers presence in the market remain extreme and it will likely to increase in the days to come. You can take sell entry now with stop loss and...
In our video, we explore the technical analysis and a trading concept for the GBPJPY. Our assessment indicates a potential trade opportunity. We'll analyze the current price action, closely examine market structure, and factor in market dynamics, and identify a potential entry point guided by favorable conditions. Nonetheless, it's essential to emphasize the...
05.04.2024 The weekly timeframe doesn't appear strong, but I follow the overall trend. Trading with the higher timeframe trend alone can increase your win rate. On the daily timeframe, we observed daily liq. low and a rejection of the daily vwap with strong momentum. Therefore, I believe the uptrend will continue, as there are no signs of bearish pressure....
GBP/JPY Price Analysis: Technical Outlook The pair has completed a bullish cycle at 193.55 and is going through a corrective reversal with scope for further decline. Bears have been contained so far at the 61.8% Fibonacci retracement of the March rally, but a failure to return above 190.75 would keep the negative structure intact. An AB=CD correction...
After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
GBPJPY is already on a high curve. A leading diagonal is clearly printed. I am waiting for an abc retracement completion to catch an impulse at 0.618 or 0.786 or supply zone. Happy trading!
OANDA:GBPJPY price breakthrough and left very strong lows, in our view, price will remain bullish. There are two possibilities at the current area, price can just shoot up to 187-188 price area. Or drop in the region of 180 and then bounce back from there. However, JPY pairs move fast and most of the time when they leave strong lows or highs they create a big...
GBPJPY made a small correction, price rejected at key level and since then it has been bullish, we can expect price to hit 192.00 as it remain a crucial level to sell. If we looking at the entry criteria we can enter now with 100 pips stop loss and 500 pips tp.
I expect a general increase in the YEN strength. It's totally oversold and Nikkei index reached a crucial level. I think Japan's will start to reverse the trend soon. I expect a good drop on major XXX/JPY pair, and especially GBPJPY looks ready for a long term sell
This is a video explaining my previous screenshot On the higher time frame, the #GBPJPY exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, we want to lookout for specifically, a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation...
On the higher time frame, the GBPJPY displays a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes (15m - 5m), we should closely monitor specific price action patterns. Look for signs of a double bottom setup followed by a break below the previous lows. Anticipate a robust rally and subsequently, a higher low...
Hello traders here is my analysis for the GBPJPY, as you can see the price has been on a bullish trend for the past weeks and months but you can also see that it has reached a higher trend line and there are more chances that the price can reverse from now on to a bearish trend so now I will wait and look for reversing pattern so I can ride this trend downwards.
Good Morning guys, I just not to long ago closed this buy on GBPJPY - I Took the trade yesterday evening and held it (during the Asian session overnight) I just woke up Let me explain why I took this trade These are my confirmations\questions > Question 1 - Was GBPJPY in momentum (bullish or bearish)? Yes, GBPJPY was in bullish Momentum at the time of me...
OANDA:GBPJPY rotated on Wednesday, marking in a slight new high for the week as the Pound Sterling (GBP) gets a leg up from a broad-market pullback in the Japanese Yen (JPY). Bank of England (BoE) policymaker Swati Dhingra noted on Wednesday that the outlook for UK inflation remains bumpy, but downwards, noting that UK consumption still remains below...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line RSI - Divergence Break of Structure and Completed the Retracement Completed " 1234 " Impulsive Waves
GBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement. Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point...
#GBPJPY downtrend pauses with a shift in the trend. Theres a potential buy opportunity if price breaks the previous high and retraces giving us a bullish break of market structure. Remember, trading is risky. This is just my opinion, not financial advice.