GBPJPY A triangle pattern is forming which could lead to further downward movement towards the 179,700 targets (discussed in the previous analysis). What can you expect now? Entry will be considered from breaking through the level of 181.400. Targets 181,084 – 180,400 – 179,716
FX:GBPJPY Price on GBPJPY is consistently rejecting at Daily resistance. The Daily, 4H, and 1H time frames are bearish, hence we will have a sell bias on GBPJPY.
GBPJPY SELL STOP: Symmetrical triangle: I'm anticipating the price to break the triangle/correction and continue dropping.
GBPJPY If the direction stabilized under 181.59 it will touch 181.13 then 180.75 then 180.17 if the direction reversed above 181.59 and closed it will touch 182.48 ,183.13 then 183.44 Pivot Price: 181.59 resistance line : 182.48 ,183.13 ,183.44 support line: 181.13 ,180.75,180.17 timeframe:4H
Gbpjpy is in downtrend right now and H4 just show strong rejection to the Dabel Maru Supply zone. H1 also showing Head and Shoulder pattern and I short using the confirmation candles in M30.
Waiting for a retest of 182.497 to short GBPJPY back to key 4H low at 179.785 If you agree drop a like and if you have any questions leave a comment :)
Short term: GJ seems to be following the downtrend But below, GJ has a Quasimodo liquidity zone forming. It looks like this area is quite solid. To create a clear uptrend, we need GJ to at least be able to break above the Sellzone. Plan : Canh buy: 179.55 and 178.8. Canh sell: 182,995/ 183,675 If Sell picks up first, the Buy bet is still valid. If Buy picks up...
Guys!! here we have three potential sell zones for GPJPY. Super clean and clear chart, with no noise. Have a wonderful trading week ahead. Follow your risk and confirmations. Fill your bag with bukcs.
Hi Traders! There is a potential failed bull flag opportunity on the GBJPY 1D chart. The flag looks like it has failed to continue the bullish momentum, and the price action now looks bearish. The market has broken below our 20 EMA, and the swings are getting lower with lower highs and lower lows. The pattern is turning into a bearish ascending channel. As long...
With FOMC coming up later tonight and BOJ monetary policy statement on the early hours of Friday, it is going to be a blockbuster week for GBP/JPY and other Yen pairs as well. To be honest, I would recommend traders to take this week off. However, for those still interested in trading, I am sharing my trading plan. 📌Right now, GBP/JPY looks like it may rise...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Symmetrical Triangle in Short Time Frame as an Corrective Pattern and it has Breakout the Lower Trend Line and Completed its Retest it will Reject from Lower Trend Line of Corrective Pattern " Falling Wedge " in Long Time Frame or Fibonacci Level - 61.80%
Hello traders! GBP/JPY seems to have found some support near the 182.65 level. 📌Price has not gone below 182.65 despite multiple attempts by the bears to break it. So, 182.65 can be considered a minor support. 📌If the minor support level holds, we can expect GBP/JPY to pullback towards the 4H EMA level near 184 or even 184.70. 📌However, I do not recommend...
GBPJPY stabilizing above 183.43will support rising to touch 183.80 then184.24 then 184.66 stabilizing under 183.12will support falling to touch 182.53 then 181.52 Pivot Price: 183.12 Resistance prices: 183.80 & 184.24& 184.66 Support prices: 182.53& 182.02 & 181.52 timeframe: 4H
Hello everyone! GBP/JPY's bullish rally has run out of steam and price is slowly descending to the downside here. 📌At present, we are noticing the formation of a wedge-like pattern in the daily chart of GBP/JPY. 📌Despite this, the uptrend may be short-lived as price may fall to 179 in the coming days. 📌My recommendation is to sell the rallies in GBP/JPY. If...
FX:GBPJPY Awaiting for a break below support on GBPJPY to continue shorts on GBPJPY
The GBP/JPY pair slid to a new five-week low after touching 182.51 on Thursday, falling off 184.00 in the final trading session of the week. The British Pound (GBP) has struggled to develop further momentum against the Japanese Yen (JPY) recently, with the Guppy marking a move towards the 50-day Simple Moving Average (SMA) after failing to maintain maintained the...
OANDA:GBPJPY I marked out two areas of possible retest and reversal zones on my chart at 183.2090 and 183.393 px levels. Px touched 183.393 and has begun its descend. It is possible it is going to continue descending to 181.398 px level or even break it depending on the momentum of the move down.
As long as 185.76 resistance holds, further decline is expected in GBP/JPY. Break of 182.66 will resume the fall from 186.75. Sustained trading below 55 D EMA (now at 182.39) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 185.67 resistance will indicate that the pull back from 186.75 has completed....