- Price in bullish channel, sitting at dynamic support
- Recent price action has shown mostly consolidation, indicates sellers failed to break structure
- Hoping for breakout out of resistance level, and enter off retest
This pair is yet to tap into the low of the Asian Range, although it is trading within its most recent order block, I do think it is likely that a sweep of the lows will come before we begin to target some upside levels.
According to market sentiment 55% of retail is selling GBPJPY.
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GJ is bullish on the 30 min, 1hr, 4hr, daily, weekly Monthly so my bias is buys. NOT LOOKING FOR SELLS TOO CHOPPY ( Marked in blue circle) . When there's consolidation while in a bullish trend usually the market creates a pullback and a break of this pullback back into the range will most likely cause a push back to retest highs and continue bullish. We can see...
GBPJPY WEEKLY FORECAST. Starting on the weekly Chart! Last week one of my key areas for price to have a reaction was hit. I am expecting on the weekly chart to have a pullback as PA has been pushing up for the past 12 consecutive weeks.
Hi guys, due to a few circumstances i was unable to post much last week about any positions that were taken throughout the week.
However we did have a beautiful week on the markets here at forexinsightsuk and i will update all positions that were taken on my next few posts.
Monday we took a position on GBP/JPY which took a little while going into profits, but we...
GBP/JPY Has been great to trade the past few months sticking with Our MAJORS CURRENCY HEAT MAP which we update daily & share for FREE.
We have been able to focus on one side of the MARKET at just being a BUYER of this PAIR.
There has been no reason to look for SELLING this pair as JPY has remained at the bottom of the MAJORS along with CHF, for a good while...
GBPJPY Has been a great pair for is to trade on the LONG side over the past few months.
Our CURRENCY HEAT MAP has kept us from selling any GBP.
JPY has consistently given us a SELL BIAS and so pairing up these two majors good opportunities have been given every WEEK to BUY GBPJPY
Check our previous ANALYSIS on this MAJOR & see how we did for yourself.