Don't be fooled by that big fall it's just an intimidation to make everyone a seller... I have made my analysis and here's how it's looking... London has just closed so it might range for now it will hopefully make moves in Asian Session or maybe on Friday London... cheers 🥂🇿🇼
GBPJPY Symmetrical Triangle. Take Profit at 158.066 Price Level.
GBPJPY is looking up north. Potential to reach its previous high of 157.04335 or in and around that area. It is above the 50 moving average as of 16th march 2022 and bounced off the moving average on the 15th of March 2022. 4 hour chart.
Looking to short GJ from 155.500 Confluences: - Bearish market structure as LLs and LHs are being printed. - Broke below 155.500 support region without retest. - Retest level (155.500) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels. A potential push to higher fib extensions may occur, will look for signs of...
The British pound has melted down against the Japanese yen during the trading session on Thursday as Russia has attacked Ukraine. This obviously has caused quite a bit of fear in the market, and therefore it makes sense that we would see plenty of selling pressure when it comes to risk appetite. Ultimately, this is a market that I think will continue to be very...
I'm eyeing GJ to make a higher swing to 156.0 followed by a drop all the way to 151.500 , should we manage to have multiple candles closed below 156.0 we could expect the bears to make way for downside movements.
Daily Market structure is Bearish 4hr Market structure is Bearish, Weekly momentum has spilled over from last week. Fear continues to plague the Stock Indexes No reason to be a hero and call a bottom in the market Probably smart to relax and continue trading with the trend
GBP/JPY looks like its in for a ride on the trend line break. Followed by this we have retraced 61.8% into 156.700. With this in mind and a combination of market structure forming lower highs and lower lows I do expect multiple rejections on 156.7 forming a lower high bringing in an opportunity for shorts into 154.5. in order for this to be valid, as mentioned we...
This is my own analysis it's not a financial advice Looking at the yen index is pretty much still weak british pound is still at an acceptable strength i believe we are still in the bullish structure looking for more to the upside
Description as shown in the charts. Do show your support by liking and following if my ideas were helpful : ) Feel free to leave your thoughts and comments below ~
What we can see is the market has moved to the upside for this week and we will be looking at continuing our bullish trend. We have 2 buy zones, the higher being higher risk and based off the structure zone acting as a broken resistance. The lower zone has a true demand zone within it and a void that would be filled before the continuation to the upside. Watch...
GJ Recently Broke structure on the 4hr tf, and quite recently followed by this B.O.S we could be forming a higher Low signalling a bullish move to the upside of my target at 152.500
Looking to scale in on additional short positions. A possible short entry is 156.000 4H timeframe confluences: - Bearish momentum - Broke through support of 156.000 - Looking to short GJ on the retest of 156.000 TP: 152.500
Looking to short GJ from 154.750 4H Timeframe confluences: - Bearish market structure (LL and LH being created) - 154.750 = a support which was broken and not retested, therefore a short entry on retest is favourable
Price action broke the downtrend structure and created a higher high last week and a higher low Put an uptrend Fib on the recent daily high and price closed @ the 618 level on Friday, if price breaks 154.24 then expecting price to continue to next resistance at 156 with uptrend structure, HH's + HL's News this week JPY - Bank holiday - Nov 23rd USD - Prelim GDP...
GJ is on an uptrend on the weekly time frame within an ascending channel On the daily timeframe - GJ is pulling back from highs and is trending down 3 Trades Ideas for GBPJPY 1. Bullish bias - If price rejects the previous resistance level @ 152.30 and past 153.30 (previous highs) then we would see a break of the downtrend structure and expect price to...
Outlook On GBPJPY , Let's hope the odds are in our favour.
GBPJPY seems clear for a further downside daily retracement