GBP/JPY appears poised for a bearish move on the 4-hour timeframe, exhibiting a reversal pattern with both a rising wedge and a double top formation. Additionally, the completion of the Elliott Wave 5th wave suggests further downside potential. Traders may consider entering short positions upon the breakout of the rising wedge and a breach of key support levels...
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...
Week 3 of finding an Opportunity to short this pair, let's try with minimal risk. The Structure formation/correction before it can continue the uptrend soon.
GBPJPY's strong uptrend has run into a roadblock recently. The level of 190 is proving to be a hard nut to crack for the GJ bulls. Technically, the price has reached the top of the price channel in the GBP/JPY daily chart. Fundamentally, with the interest rates in Japan being so low compared to Britain, the Japanese Yen is inherently weak against the British...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line RSI - Divergence Break of Structure and Completed the Retracement Completed " 1234 " Impulsive Waves
Market Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPJPY for the upcoming week. JPY News this upcoming week. I'm looking to short. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure...
GBP/JPY at Crossroads: BoJ Meeting and Economic Pressures The GBP/JPY pair finds itself in a state of indecision as it hovers within the confines of Friday's trading range. With support around the 179.000 area and resistance at 189.000, market participants are closely monitoring the reaction of the market after the monetary policy meeting by the Bank of Japan...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Clean bearish structure looks to be playing out. A little push to the upside 190.00.
Still on an uptrend and am looking for a rejection from the blue zone with a 4h close with signs of continuation on a shorter time frame for a repeat of the last move back to the 188.932
GJ from last Friday had induced into supply and showed rejections to head down. This morning also created a fake out for early buyers and now looks to continue down for the real move. Upon seeing this and 15min close below zone as additional confirmation I entered sells @188.400 with sl@188.66( Risking 28pips). TP1: 187.75 TP2: 187.55 ...
Hello Traders! This is my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ. Keep in touch! Traders, if you liked my idea or if you...
The GBPJPY currency pair stays on the upside for 188.92 resistance. If the resistance won't be broken, the trend will change to downside.
The pair have been on the rally for many months now, with higher interest rates and a weakening of JPY supporting the pair to fly without mercy. As the pair now is at it peak probably a new opportunity for sellers to join the reversal trend.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Pure technical analysis This morning in Tokyo session GBPJPY made a small tight range after made down ward move yesterday. We have two possible ideas for this pair to continue sell (blue and red arrows). Enter at the breakout of the lowest channel or wait for the price to purge Asian session liquidity in the next London session to put safe stop loss. Ride the...
The GBP/JPY pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel, characterized by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and...
GBP-JPY is going up now But a strong horizontal Resistance is ahead at 188.74 So after the price hits the Level a local move down Is to be expected !