The Japanese yen pound is on a downward trend. The above decision shows that rising global bond yields and sustained high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy. As the outlook for the economy and prices remains extremely uncertain, the Bank of Japan will continue to promote accommodative monetary...
Ascending Channel inside Ascending Channel: Price formed a high test candle at the upper part of an ascending channel.
Hey Guys! I just took a short entry on the Gbp/Jpy. In this post I explain the reasoning, as well as the risk management levels. I'll keep you guys updated! Ken
Dear traders,in my previous GBP/JPY ideas, I advised buying at 180.85 level. If you followed those ideas, you made over 400 pips. At present, GBP/JPY rallied strongly during the NY session on Friday. However, the price looks over-stretched from the EMA. So, there is a possibility of a pullback to 183.60 level. If there is the formation of a couple of bearish...
We expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
GBP/USD has entered a consolidation phase after testing the resistance at 1.2200. The upward momentum of the British Pound seems to pause, preparing for the Bank of England (BoE) policy announcement on 'Super Thursday.' The Relative Strength Index (RSI) on the 4-hour chart remains near 50, indicating indecision in GBP/USD. The 100-period Simple Moving Average...
looking first bearish trend for short term then buy after compalte 4th wave
Dear traders, if you remember, we bought GBP/JPY@180.80 level and hit our profit target at 181.70 level, almost 300 Pips. However, as I had already mentioned earlier, GBP/JPY is struggling at the resistance level. We have multiple bearish candlesticks at the 4H resistance level. This opens up the possibility of looking for sell entries. In my opinion sell...
GBP-JPY went up to retest A horizontal resistance of 184.108 From where we are seeing A bearish reaction so I think that the pair will Go further down !
Hello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
The BoJ meeting will start tomorrow morning. This could be the most interesting meeting in recent times if the BoJ announces a change to its YCC policy and this could cause serious volatility in Japanese Yen pairs. After the BoJ meeting, the outlook for USD/JPY is likely to differ significantly ahead of the FOMC meeting. The Fed is expected to keep interest rates...
In the US trading session, GBP/USD rose to its highest level since last Wednesday, surpassing the 1.2170 mark. The pair was supported by a weaker US dollar on Monday, as market participants awaited US employment data, as well as the Fed and BoE meetings. The Relative Strength Index (RSI) on the 4-hour chart remained below 50, and GBP/USD closed the last 4-hour...
Hello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
I just aborted the aggressive short entry I took about an hour ago. Again, I do not have any open trades on the gbp/jpy weekly bias set up. In this post I explain why. Ken
EUR/GBP has continued its upward trend for the second consecutive day, trading near the 0.8720 level in early European trading on Monday. The currency pair received support ahead of significant economic data releases from Germany. However, preliminary Gross Domestic Product (GDP) data for Germany is expected to show a 0.3% decline for the quarter, with a 0.7%...
Hey Guys! I just took an aggressive short entry on the Gbp/Jpy weekly short bias at 181.04 with a stop loss at 182.57 and the main target at 176.30. In this post, I explain the set up in more detail. That's it! I'll keep you updated! Ken
GBPJPY W1 - We can say that a strong “Head and Shoulders” pattern has already been formed. You can also pay attention to the formation of a 3-wave structure for a trend reversal. In this scenario, it would be possible to see the price at 164.120. Otherwise, if the price remains at these values, a triangular formation can be considered. D1 - The price is...