We have a BOS to the upside and we are in a pull back right now, I think this specific order block is good to go long. as you can see there are two entry setup, one with lower RR and the other one with higher RR. I'll set an order for the higher RR setup and if it is not triggered then I'll wait for a CHoCH in lower TF to find another netry. Lets see what will...
Saw a drop of more than 0.20%, with the Japanese Yen gaining strength against major currencies. Despite the pair's overall uptrend, recent price action has formed a 'double top' pattern, suggesting further confirmation is needed, with the price breaking below 184.46. Conversely, a move above the November 28 daily high of 187.87 could set the stage for the pair to...
Hello everyone, GBPJPY 6H NEW FORECAST The pair's price confirmed its surrender to the control of the bearish corrective tendency by touching the level of 186.64 yesterday, approaching the previously expected negative target. Negative trading will remain in place for the current period, relying on repeated stability below 187.05in addition to the presentation of...
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower to take liquidity below equal lows and then to reject from bullish order block + institutional big figure 186.000. Like, comment and subscribe to be in...
FX:GBPJPY Overall structure based on the weekly, daily, 4h and 1h, hence i have a bullish bias on GBPJPY. Price was countertrending and eventually broke and closed above 187.275 1H key support area and also broke countertrend structure and made a retest what is now 187.275 1h key support area. a bullish engulfing candlestick on the 30min and also a double bottom...
oin the harmonic voyage across the currency seas as we set sail on the GBPJPY ship, guided by the charts and the entrancing melodies of Elliott Wave Analysis. The market unfolds before us like a grand orchestration, and we're about to witness the crescendo of a potential bullish movement. In the opening notes of this market composition, the first wave whispers a...
my forecast for GBPJPY after Breakout to go down, do you want to enter?
GJ formed a bullish flag in a strong upward move. I'm anticipating a breakout of the structure and continuation of the move. My entry is Risky.
GBPJPY forecast to down or to up, i will wait the breakout to have good entry
Hello everyone, GBPJPY NEW FORECAST Yesterday, the pair's price activated the downward corrective attack to move away from the stable barrier at 188.60, thus touching the first stable corrective target at 187.05 and settling near it. We notice that the Stochastic indicator is currently sneaking towards the oversold level to increase the negative pressure on the...
GBPJPY Buy after reach to support zone, you can to buy it
GBPJPY Major trend is bullish minor also bullish, Clean and Clear buy Setup on H1 time frame. wait for this Setup don't rush to this setup.
We're in a pull back of a bullish trend and I think this area has its potential to go up. You can set a buy limit order or for more confirmation wait for a CHoCH in lower time frames. Let's see what will happen... Good luck
The overall weekly structure of GBPJPY is a Double Bottom which is near the neckline. We anticipate a break on that neckline before the end of the month. NB: GBP GDP statistics release at 09:00 CAT.
FX:GBPJPY Overall structure based o the weekly, daily, 4h and 1 h is bullish, so I am strictly looking for buys on GBPJPY. Price broke above 186.218 4H resistance area and made a retest as support, entry was based on a morning star candlestick pattern on the 15 min timeframe
Today, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe: 14:00: Switzerland's October trade balance data 17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
FX:GBPJPY snaps four days of losses, climbs 0.31% in the late Tuesday North American session, and exchanges hands at around 186.00 after bouncing from daily/weekly lows reached at 184.45. The GBP/JPY daily chart portrays the pair as neutral biased, as the slope of the Tenkan and Kijun-Sen shifted flat, which could open the door for range-bound trading. On the...
Upon examining the GBPJPY on a shorter timeframe, we notice significant instances of price rejections evident on the H4 chart. The market is actively seeking support around the crucial 185 level. Noteworthy are the distinct wicks that extend into a liquidity zone, creating an interesting prospect for a potential upswing towards the 187-190 range. The pair has...