Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
We shared this signal before it hit our SL and went back down. we still believe that this analysis is valid and that the price needs to go near 159.000. SL: 165.600 Please use a proper risk management
GBPJPY has formed double bottom around 163 and showed a nice pullback. The near-term resistance is around 165,
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors . Trading suggestion : 📈 GBPJPY Sell Now or sell at @ 165.29 Stop Loss @ 166.73 Take Profit 1@ 163.58 Take Profit 2@ 161.86 Take Profit 3@ 159.99 ⛔️ Trading and investment in the financial...
The GBPJPY pair has previously formed an Inverse Head and Shoulders pattern (IH&S) that hasn't yet fulfilled its levels. The reason is the Lower Highs trend-line that has been formed since the June 09 High. Only a break above that level, which caused a rejection yesterday, can initiate a new bullish wave, in which case our targets will be 168.535 and if the...
Sell Limit: 162.900-163.100 Stop Loss: 163.200-163.500 Take Profit: 161.900-161.600 Risk/Reward Ratio: 2.1:1 Hedge: Buy Limit/Stop: 162.900-163.100 * Hedge Entry equal to Initial Trade Entry Stop Loss: 161. 700-162.900 Take Profit: 163.200-163.500 * Hedge T/P equal to Initial Trade Stop Loss to hedge 100% of losses P&L: Potential Profit: 1K - 1.3K...
Trade Levels: SELL LIMIT/STOP: 163/162.4 STOP LOSS: 163.5 - 164 TAKE PROFITS: 160.9 - 161 *Will post 1hr signal and trade levels once available. Follow to receive an update of when I post chart analysis and trading ideas. Like and comment as well. Hope this was easier to read and understand.
My forex course regarding my strategy in full will be released this month! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into...
Heading into the new week, it is obvious that the GBPJPY overstepped its two-day high and has crossed the critical resistance of 164.00 towards the latter part of last week's trading session to set the tone for a bullish expectation. Coupled with the key level @ 161.5, the bullish trendline identified on the daily timeframe shall be my guide to a bullish potential...
Hi Traders, Today I take another look at GBPJPY, Price has dropped as expected in my previous post, But I have gotten stopped out before the drop. Looking At price, I believe the move is now done and we can expect a continuation to the upside. Based on the 30-minute timeframe we have bounced off support and started moving bullish with all the current 30-minute...
The GBPJPY pair has formed an Inverse Head and Shoulders pattern (IH&S), which is typically a technical Bearish Reversal formation. The Double Top initiated the first wave down, where all candles got contained above the 1D MA50 (blue trend-line) causing a 0.5 Fib rebound. Now the formation may see the second wave down. If the Support Zone breaks, we expect a 1D...
The identification of a strong bullish imulse leg during last week trading session; we might be looking forward to a trend continuation at either the end of the retracement phase or at the the retest of where priceaction began last week. However, if we witness a breakdown/retest of this area, then the possibility of a downtrend continuation becomes an opportunity...
The GBPJPY pair has been trading on a long-term Fibonacci Channel pattern as we outlined in our last analysis two months ago. Since May 12, the price is on a strong rebound having hit the 1D RSI Buy Zone. With the prior top resembling those of August 2020 and March 2021, the pair is more likely to extend this rise either instantly or less aggressively, as long as...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
The GBP/JPY pair witnessed selling pressure around 160 area in the last one week as profit-booking happens. From a technical perspective, I am of the opinion that there are two possible scenarios lining up for us going into the new week as a breakout/retest of either the resistance or support trendline identified on the 4H time frame could send the price in the...
The pound clings to upbeat UK job data which appears to be evolving into a second bullish move from a technical perspective. The sharp rejection of the bearish trendline that was broken in mid-April 2022 during the course of last week's trading session appears to maintain a strong bid tone for the Pound going into the new week as I look forward to a...
1. Price might make a retest on the downtrendline & continue pushing down if respects 160.171 zone as resistance. 2. Or price might break & close above 160.171 & make small pullbacks to continue pushing to 162.185.
⛔️ GBP FEATURE currently stands at 1.2173 LEVEL. Also the JPY FEATURE stays at 0.00778 LEVEL. GBPJPY PRICE has dropped on DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY. But buying XXXJPY CURRENCY PAIRS at this time is very risky. ⛔️ STOCKS are currently DOWN. ...