It is expected that the price will fluctuate in the current resistance range and then we will see the beginning of the correction process. If the price crosses the resistance range, it will be possible to continue the upward trend up to the specified resistance levels
#GBPJPY Trade Idea ..........................................................................
I am using double EMA indicators set to 20 and 50 days with the stochastic indicator. Conditions appears ideal for an entry here. GBPJPY buy now at 197.09 tp @ 197.227 sl @ 196.60
Bias is for a buy. Price retested my 1HR trendline as support for a third time on Monday at the 194.32 level. The next move I see is carrying price to the last area of resistance at 199.541 Wait for break & retest of structure at 197.342 level to confirm. Hold to 199.541
GBPJPY as you can see every puch down with an AVG he filled that up, so in big picture that big bearish candle on the left its going to fill that avg to, GJ can make some deeper brearish candle for liqiud grap that wil maybe happen at the news tommorrow.
On Monday, the yen dropped to 160.000 per dollar, marking its lowest level since 1990, before rebounding more than 3% to 154.5 per dollar. This rebound was suspected to be the result of intervention by Japanese authorities. According to reports from Bloomberg, the Bank of Japan (BoJ) likely injected ¥5.5 trillion into the currency markets after discrepancies...
Dear Traders, Hope you are having great holidays, today we have found two perfect areas where you can buy and target easy 500 pips or maximum of 700 pips. The first entry, enter with perfect risk management as it is risky entry, while the second entry is safe entry. Good Luck
Hey Everyone, OANDA:GBPJPY we have witnessed change in price behaviour, in longer time frame price have failed to breakthrough the 193.00 price region. After witness many strong wicks rejection we anticipate that sellers presence in the market remain extreme and it will likely to increase in the days to come. You can take sell entry now with stop loss and...
GBP/JPY - 1H - Bullish Bullish Divergence Break of Previous LH Strong Support Buy - 181.488 (CMP) TP - 182.223 SL - 180.686
Buy signal, get yourselves in if you can. I think this is a pretty good trade in my opinion, all analysis listed on chart.
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Completed " 1234 " Impulsive Waves Rising Wedge as an Corrective Pattern in Short Time Frame Break of Structure Consolidation Phase , Breakout and Retracement Impulse Correction
- Previous Day candle closed bearish . If we are looking for buys we will take on until daily resistance formed on 1st july 04 - If we are looking for sells we take on until 17th june 15 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 5-8% of our capital. Close trades ...
GJ retest the daily start with a nice rejection target weekly start and to fill the avg on the left. there can be some rejection at 61% FIB but dont let that scare you,
I am staying out of it. It is confusing and that's when it's best to stay away and out of the market. DAILY We peaked at 200.50, which is good to look out for possible buys into the market. Which last happened in 2015. This is the final (3rd leg) of the double bottom (W formation). 4H Ascending Channel within an ascending channel is what we look for when trying...
Higher supports forming across multiple time frames and the trend is to the upside Buys make more sense in this situation
On The Pair GBPJPY a bearish triangle is formed which is indicating towards a downside move. As it gained a lot of pips before coming into a downtrend, now it has formed a bearish triangle. We can take entry on the breakout I made on the chart. Without any divergence it would hit both my tp's as it's indicating a strong trend. My Trade plan: Entry:195.616 Stop...
GBPJPY Outlook for the Day! THE FLIGHT: Weekly candle had close with a bullish momentum candle. Target: I am predicting that price will retrace to the Daily swap zone (RBS), H4 buying breakout zone, & lower time-frame buying continuation. Action: We start off with the buy until price shows a reversal. Once a selling confirmation is present.. we will...
The GBP/JPY currency pair is currently indicating a selling zone, with the price at 196.604. This suggests a favorable opportunity for traders to sell the pair. To capitalize on this potential, traders may consider setting take profit levels at 195.50, 195.00, and 194.50, to secure profits as the price declines. Additionally, it's prudent to set a stop loss at...