GBPJPY big resistance zone. Will be looking for price to get rejected in this zone! Let me know what you think!
USDJPY went up as I predicted. Here are the important key structures to watch. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 140.9 - 141.9 area Support 2: 137.2 - 138.1 area Resistance 1: 146.2 - 146.8 area Resistance 2: 148.2 - 148.6 area Resistance 3: 149.6 - 150.4...
Hello traders, GBP/JPY has presented a potential bearish scenario amidst recent developments in the 50 and 100 Simple Moving Averages (SMA), coupled with supply and demand dynamics. Keep in mind that the upcoming Bank of England (BOE) interest rate decision on Thursday could influence the analysis, and traders should remain vigilant. The 50 SMA has recently...
The CHFJPY pair hit our 169.100 bullish target, after the 1D MA50 (blue trend-line) held, as presented on our November 06 call (see chart below): The current Bullish Megaphone that it has been trading in, has been very consistent. The recent Higher Low was made on the 0.786 Fibonacci retracement level such as the October 03. That was the first buy signal but...
– Previous Daily candle closed small Bullish around 180.550 within the recent Daily range as price consolidates on the lower timeframe. – Buys on close above 181.100 targeting 4h Resistance around 181.560, Leaving Runners to the 30min Resistance formed around 181.950. – Sells on close below 180.070 targeting 1h previous Resistance formed on 14th December 2023...
USDJPY is trading inside a Falling Megaphone pattern. Every 4hour MA50 test since Nov 16th has been a sell signal, with the price action producing 5 so far. Sell on the next near test. Target the dashed line at 140.000, which is also near the 1 year Rising Support. Previous chart: Follow us, like the idea and leave a comment below!!
order block sell from 158.400 and 159.000 stop loss 159.400 take profit ... open
I DONT LIKE THIS PAIR trading areas, in my opinion, the price will bounce from them. I added a horizontal line to stop loss. As for the profit, it depends on the method of taking some of the profit and completing with the rest, and so on. The analysis depends on the gaps between the tails of the candles from which the price bounced at least once. warning . I...
We are at the technical pullback area on the 4H and the 15m is looking like it is turning bearish at this moment.
Feels like we have a bearish trap on USDJPY. The pair looks very oversold after FOMC yesterday. Testing the key daily structure, the price went below that but then quickly recovered, making me think that the violation was false. We can anticipate a pullback now to 142.76 ❤️Please, support my work with like, thank you!❤️
The AUDJPY pair gave us the pull-back we wanted last time (November 03) and delivered a buy opportunity that hit our 97.675 target (see chart below): The price has since pull-back and rebounded just before testing the 1D MA200 (orange trend-line). Even though it is still restrained below the 1D MA50 (blue trend-line), as long as the 1D MA200 holds, we expect...
GBPJPY support zone. I will be looking for long positions when price enters this zone!
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here's my evaluation of the pair and moving forward what is there to expect. But let's revisit what has happened over this week. If you have not yet seen my previous post of USDJPY , you maybe refer to link below or here >> Let's roll back on time on USDJPY to Monday,...
Hey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the...
USDJPY is closed on a key horizontal daily support. The price formed an ascending triangle formation on that on a 4H. 142.47 is the neckline of the pattern. IF the price breaks and closes above that on a 4H, it will signify the strength of the buyers and highly probable bullish continuation. A bullish movement will be anticipated to 144.0 level then. ...
Hey Traders, in the coming week we are monitoring EURJPY for a selling opportunity around 156.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 156.500 support and resistance area. Trade safe, Joe.
GBPJPY - Intraday Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we...
Hey Traders, Check out this technical analysis on GBPJPY. GBPJPY is currently trading with bearish momentum by staying below the broken bullish trend line. So anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.