GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August) which is a good signal to find an entry to the upside. The daily time frame also just trend bullish, this can be seen from the breakout of the symmetrical triangle/or...
GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August) which is a good signal to find an entry to the upside. The daily time frame also just trend bullish , this can be seen from the breakout of the symmetrical triangle/or...
looking for buys for a quick retrace today, manage risk as always price action is king
Hello Traders. This is my setup on GJ for the next week. Everything is shown. What do you think? Comment below. ✌
GBPJPY has a bullish market structure, creating HL and HH. Retested the 163.000, 50EMA and 61.8 Fib retracement. All signs indicate a bullish push to the upside from here.
anticipating the price herre to move up towards previous resistance, buys will be taken on close of 30m candle and then managing risk as price continues to move up.
GJ was stuck in a flag pattern for nearly 2 months. Price tested a major support level 3 times, corrolating with the flad pattern. Price broke out of the flag pattern, retested it, couldn't break the support and has been going up for 2 days now. We expect at least another day for 2 of rise on this pair to complete the 3day, 3 level move.
This is my technical breakdown on GJ. GJ is in a bearish condition on the higher time frames, however, we've just had a strong breakout of a descending wedge (bullish pattern), caused by the UK electing their new Prime Minister. Now we've had this break out, I'd be looking to go long on GJ on the retest which could happen at either 163.500 or 162.500, where...
Potential set up going both ways, a temp bull move for a great short position once wave (E)5 completes.
Daily is buyin but the 4hr is selling peeks and vallies labeled
GBPJPY- Expecting Long from Support- Daily ascending Trendline. Price is above 200 SMA . But on HTF we are also seeing Lower highs and developing of ascending triangle . Expecting price bounce from the Support. On fundamental front. BOE is on roads to Raise 25 BPS interest rates in Aug. Though 50BPS under discussion ( Remote). This can act as catalyst to GBP pairs...
GBPJPY analysis update and I’m seeing it’s going to move for +150 PIPs to the upside ✅
GJ price drop to the low of 6july and & 16 june strong demand zone in 4h we see clear double bottom structure and now price is rebounding. Rsi bullish divergence shows buyers bias. Bulls try to hold this level and trying to push price upside now wait for the breakout of 162.44 level than entr buy position with the target of 162.35, 163.92 and above levels i...
GJ is mitigating the buys from yesterday. Entry: 165.526 Stop loss: 165.397 Take profit: 167.856 (highs)
GBPJPY analysis update, I am seeing a 100+ PIPs move to the upside.
GJ as per last week is still set up ready to go! - Its been a very slow mover for me , But were getting close to our OB and Imbalance. Keep sitting on your hands traders before we jump into anything - were wait for a BOS on the lower time frames before we decide entry criteria. Will update you thru the week! Lets have a good week and stay Patience ooo.. and...