GBP JPY currently facing selling pressure. could come back to long term lower support on 4 hr timeframe. expecting a bounce from there up till the resistance of the previous rectangle channel.
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
the price 0f GBPJPY bullish now the price of GBPJPY 78.94 price is going to up 82.76 as you see the price has been down for a long time KEEP FOLLOW ME FOR MORE BEST ANLYSIS
The GBP/JPY currency pair is displaying potential for a bearish movement, with a targeted selling zone identified at 196.70. This zone represents a level where sellers may look to enter the market, anticipating downward pressure on the exchange rate. Moreover, technical analysis suggests several potential targets for this bearish movement. The first target is set...
GBPJPY - LONG gbpjpy will push up to make bigger correction, ones the correction complete look for sell setups, another 500pip+ will come. jpy pair will move like crazy, trade with care and always use SL. V.Ragu
This Weekly FORECAST Opportunity for GBPJPY. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Reasons why I took this trade. Weekly Bullish Daily Bullish EMA in confluence with AOI Daily rejection 1 Hour EMA respected Daily bullish engulfing FIB 78.6 respected Daily Bullish Engulfing Daily EMA respected Entries: - Missed the original entry - I did not want to jump in below resistance, I entered after 1 Hour - Chart went above EMA ...
Hello,Traders! GBP-JPY is about to Retest the rising support And we are locally bullish Biased so we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Looking for GJ to catch a nice up move push here in the London market. We saw a massive intervention from BOJ driving price down to current levels where it seems to have got a foothold on some form of support. 1D 50MA seems to be acting as support and in previous occasions buying when it rejects this zone has proven nice. Looking for at least a retrace so we...
In this GBP/JPY daily chart, a strong resistance is highlighted around the red-marked area, located around 197.480. Price action has shown a consolidation range, with a potential downtrend developing. The recent bearish candlestick indicates a possible rejection of the resistance, suggesting that we could see a pullback to lower levels. There is a significant...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 193.522 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 195.104 Why we like it: There is a pullback resistance...
BUY GBPJPY for uptrend continuation STOP LOSS : 191.90 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
The Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have...
Quick post from us on GJ! We have a higher target on this but it's potentially where this move terminates. So, we'll be looking at the level above for a RIP, if we get it, we'll short. As always, trade safe. KOG
The GBP/JPY experienced a notable turnaround at the 200.500 level following reports indicating potential direct intervention by the Bank of Japan (BoJ) in the foreign exchange (FX) markets. This intervention, suspected to have occurred twice within a two-day span earlier this week, aimed to bolster the beleaguered Japanese Yen (JPY). Disclosure reports from the...
Hello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY 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...
4H is swing bullish => current is pullback dow We buy in this OB order block
GBP/JPY has just bounced off the pivot. Could this FX pair potentially climb higher towards the 1st resistance? Pivot: 191.80 1st Support: 190.17 1st Resistance: 193.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...