GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair.
The expectation...
GJ completed the validation of the double top pattern on the daily time frame, Showing that the bears are ready to take over has the previous day closes bearish, we may see an impulsive move on OANDA:GBPJPY with this in mind I'm anticipating the formation of a continuation pattern to prepare me for opportunity to short the pair.
If you found this helpful...
Hello everyone, I will be selling GBP/JPY near 187.665 that's where the pivotal area is at and that's where it should retest the downwards trendline. My target will be at 185.998 (Daily D Extension.) This pair should continue to drop much more. Will be updating chart with new target once trade is over. Stop loss will be at 188.105
Happy Trading :)
GBPJPY Analysis
Price is currently in a range, between the Daily Resistance at 188.500, and the 4H Support at 187.400.
It is now hovering near the Daily Resistance.
Scenario 1:
SELL entries are possible the moment price forms a bearish confirmation pattern, with targets set at the 4H Support of the range.
Scenario 2:
BUY entries are possible after price...
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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
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. 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
. 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
gbpjpy has been ranging all week the pair is preparing for a major move likely to the down side
the last few daily candles are rejecting the sell zone that i indicated in my previous analysis please check it out below .
Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we have strong support zone around institutional mid figure 187.500, so I expect price to reject one more time for a bullish move to take trendline liquidity.
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GBPJPY is currently in a CORRECTIVE PHASE and we are expecting another LEG DOWN about 200Pips to complete the move as JPYX is currently ready to support the move at the moment.
Still believe that the yen is in an overall down trend and think that there will be continued weakness, therefore I would be looking for a 1h . bullish close above structure and blue line in order to look for buys.
However if that doesn't materialize then i would look for a close below structure to look for the short
GBPJPY has reached a resistance level on higher time frames, signaling potential rejection. Although analyzing it on a smaller time frame reveals an apparent support level, it may be deceptive as the currency pair for a reversal and potential selling.
GBPJPY ready to break in with a very strong areal resistance , target is very good . 184.6 is waiting , BOJ now live , could push the JPY , keep stop loss 189.8
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 overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:GBPJPY is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
. 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
