♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar 🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela ① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on...
Gbpjpy closed below a key level on higher timeframes, price action indicates a bearish momentum to the liquidity resting below. sell!
Taking a look a 4 hour chart, price action closed strong to the downside on Friday. I'm not waiting for a bit of a bullish pullback to enter in on some short sells to the downside. Keep it simple. I placed a black line at each level I will be adding sells with my final target down at 180. That's it - That's all Trade Safe!
FX:GBPJPY Price on GBPJPY broke below the Daily support area simultaneously breaking the short term bullish structure on the 4H timeframe. This week I will be looking to go short on GBPJPY. A retest to 182.275 Daily resistance and/or a break and retest below 181.186 Daily support/resistance is were I will be looking to go short on GBPJPY.
A massive Head & Shoulders formation on the Weekly chart (and, obviously, on the daily), forecasting a -9% plummet in this pair upon completion . (I.e. It will have to break down, first!) There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words: - Cheap continental (EU)...
its a good pattern..it sound take a pullback form and fall
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, according to my analysis of the gbpjpy pair. The pair is in a positive state. We notice that the market rebounded from the 179.900 area, which is considered strong support. We also notice the formation of a strong candle with a tail indicating the strength of buyers. The price also respects the descending channel as shown in the analysis. good luck for everbody
Hello, my analysis for the gbpjpy pair. The bearish channel has been broken. We are waiting for a retest of the 182.083 area and the 181.686 area. We have bought from these support levels. We are targeting the value 183.519. Good luck to everyone.
The Japanese Yen decreased 0.13% against the greenback, down to 148.68/USD. The Japanese currency rose again after Kyodo reported that the Bank of Japan is considering raising its core consumer inflation forecast this year. However, this currency turned down immediately afterwards.
Hello everyone, GBP/JPY has rallied to the supply level on the 4Hour chart. However, the supply level is not that strong. So, for anyone selling GBP/JPY at this level, make sure you have a stop loss. If the level at 183 holds, we can expect price to fall to 182, 181.25 and even 179.
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.
Dear Traders, GBPJPY has potential to drop furthers since the ongoing Israel and Palestine conflict. Comment down your views!!
#GBPJPY price have formed a double retracment pattern which is holding above 181.96 but now the price will touch above 182.20 which is retest below 181.59, the price needs to cover the last sell decline which is also at 182.20 to continue another bear.
In my previous analysis on GbpJpy, I said that the pair could rise and test confluence resistance at around 183. Friday's close found the pair exactly in that level and after the gap from Monday's open, the pair continued down. At this moment the pair is trading in the support given by the recent ascending trend line and a break above this level is probable. In...
Shorting GJ again. On the higher TF(4H/1H) price formed a bearish flag/expanding triangle which is a continuation pattern and on the 15 mins TF we see the price made a 3rd touch of a channel and breaks out of a correction with high momentum.
So this would be my next setup for this pair,going short if it breaks the low,chasing 650 pips profit,but take your own decision how long do u want to keep trade going because on daily we can spot a big rejection half move down,where price could possibly reverse,take partials or keep your sl above last hi.Happy trading everyone,september was extremly choppy,lets...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.