Mr. Kazuo Ueda of the Bank of Japan is in a predicament. If he sticks to policy this week, there is a risk that the yen will fall to a 10-year low and the yield control program will come under attack from speculative markets. If the Governor simultaneously raises the upper limit of 10-year yield curve control, either explicitly or implicitly, the Governor could...
From technical point of view, we have clear Diamond pattern on a daily timeframe . As you can see on my chart, latest rally broke through the upper dynamic resistance, but got quickly pushed down while creating equal highs. Market closed at a key lvl static support area and dynamic one , from Diamond formation. Based on just technical side, I'm expecting ...
hello traders as i can see this pair had reached in over bought conditions & today's Japan GDP growth show a high numbers in Aug so on the base of economic data and overbought on daily TF i am going to place a sell order on this pair kindly share ur ideas and push like button if u like my idea
GBP/USD extends this week's decline from near 1.2300, touching a three-week low in Asian trading on Thursday, pressured by a stronger US dollar. The pair weakens further below the key 1.2100 level and faces selling pressure. The Relative Strength Index (RSI) on the 4-hour chart drops below 50, and the latest 4-hour candles close below the 100-period and 50-period...
TOKYO: Japanese Finance Minister Shunichi Suzuki said on Thursday that authorities would closely monitor the yen's movements after it fell by more than 150 points against the dollar, and continued to warn investors on Thursday against selling the currency. Pressure is mounting on the Bank of Japan to change its management of bond yields as interest rates rise...
GBPJPY breakout of an ascending channel/Rising Wedge on the 4h TF after already breaking out an ascending channel on the higher TF(1D, 1W)
GBP/USD continues its upward momentum since Thursday, trading above the 1.2270 level in the Asian session on Tuesday. The pair receives support from the US Dollar (USD) adjustment, coupled with improved risk sentiment. Although GBP/USD started higher after testing the 1.2100 level, the Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating...
Hello, according to the analysis of the GBPJPY pair, there is a good opportunity to buy. With the break of the downward channel as shown in the analysis, we also notice that the price returned to the downward channel to be retested successfully. All these factors confirm that the market is for purchase. good luck for everbody
GBP/JPY now that we took out the liquidity area of the structure highs there could be a chance that we could break back in to the structure and provide continuation to short. but if it couldn't hold 183.00 then i would be expecting price to move next area of value.
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
GBP-JPY has almost reached The supply cluster of the Falling and horizontal levels So a move down is to be Expected towards the Target of 180.016 !
FX:GBPJPY Overall structure based on the Daily, 4H and 1H chart is bearish, hence I am looking for sells.. Price is currently in a consolidation phase between the 182.626 Daily resistance level and the 181.519 Daily support. A break and retest below 181.519 Daily support will mean that we can continue shorting GBPJPY
We can clearly see this pair is in a BEARISH Trend by looking at the Daily timeframe. Switching to the 1 Hour Timeframe, I can get a better picture of when I need to enter this market. Price has tested the Pivot all week and continues to bounce between it and a strong support at 181.250. MACD showed me a cross, RSI is under the MA and price is under all of my...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Hello traders, sometimes, it is necessary to analyze the lower time frames. So, in this idea, we are going to take a look at the hourly chart of GBP/JPY. As you can see in the chart, 182.80 is minor resistance level on the hourly chart. So far, we have seen 3 price rejections at this level. So, if there is a formation of bearish candlesticks in this level once...
GBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest. As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA...
GBP/USD faced consecutive losses, trading around 1.2160 in Asian markets on Wednesday. Positive US economic data applied pressure. The pair retreated after reaching 1.2200, the 23.6% Fibonacci retracement level, the 50 and 100-day Simple Moving Averages (SMAs) confirming significant resistance. The 4-hour chart's Relative Strength Index (RSI) dropped to 40,...