Big data coming out today on GBP and USD later on. We have nice areas to trade into on both sides (around 35pips which is more than plenty for me). However, I am afraid that the data will smash through everything with no proper setup. In case that market will be calm waiting for US data in the afternoon and "will behave" I have no problem take either side of the...
Price has broken the zone upside so we wait for the retest then we enter .
GBPJPY has ended a cycle from 14.12.2023 low. Up from 14.12.2024 low, wave (1) ended at 191.32 and pullback in wave (2) is in progress. The pair resumes lower in wave ((i)) with internal subdivision as 5 waves. Down from wave (1), wave (i) ended at 190.34 and wave (ii) pullback ended at 190.99. Pair resumes lower in wave (iii) towards 189.34 and bounce in wave...
GBP/JPY is on a relentless uptrend fueled by ultra-low interest rates in Japan. On Friday, The Bank of Japan (BoJ) Governor Kazuo Ueda stated that it was too early to declare victory on inflation. On the other hand, the currently prevailing technical recession in Japan could lead to BoJ delaying its plan to tighten the monetary policy. All these factors are...
GBPJPY Pivot 189.060 - If the price is higher than the pivot, Long target TP1 at 189.190, TP2 at 190.030, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 187.870, TP2 at 187.500, cut loss if the price is higher than the pivot. ***Please money management***
GJ has been bearish for a while we can see price had broke a strong structure key level zone on the H4 Price finally broke out of that area of structure and is currently retesting as resistance... a failure to break our structure of 188.408 with a bearish close we could possibly see price head towards 187.460 for a little over 90 pips
I published a post on GJ talking about how I wanted to see price break from the lower time frame range to show a clear direction. With price giving LHs and LLs I’m personally gonna be shorting GJ tonight for a possible 1:3rr. This would break the bullish structures on the higher time frame. If all goes well we could look to get into some more GJ shorts.
GBPJPY to fall out. Take a look at the snap shot. Strong order blocks and nice reversal zone.
GBP/JPY falls toward the 50-Day SMA (187.71) as it trades to a fresh monthly low (187.97). GBP/JPY Outlook GBP/JPY struggles to hold above the former-resistance zone around the January high (188.94) as it weakens for the fifth consecutive day, with a breach below the moving average opening up the 186.50 (38.2% Fibonacci retracement) to 186.60 (50% Fibonacci...
Price fell into golden zone 50% fib and touched 188 000 fkat psych level. Expeting a push off here as it is still early in the week for gj to drop as there hasnt been any significant jpy news. Pouns gas been strong which is a further confluence.
The markets likely to go up to a certain equity zone and retrace and probably continue going up but that’s a possibility
welcome here is my gbpjpy short idea its based on bullmarket became bearish lets see how this setup plays out
Potential for a bearish pullback on the GBPJPY pair, which could lead to a price movement towards the support level at 178.00 in the upcoming period from 189.800.
dear Traders, I Expect price will start downward movement from 190.600-191.300 to 185.000 Area- (500 Pips Down), Looking for Sell Fibo (1.27-1.618) Dont forget like&Comment please ! Regards, Alireza!
The recent price action on the GBPJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Charting the Course: A forecast for GBP/JPY as it sets its sights on a descent to the 186.555 mark. Buckle up for potential turbulence ahead!
GJ H4 just did a nice breakout to downside. Now it's retesting this resistance zone. Let's monitor price action and look for SELL opportunities. Our first target will be next support zone 188.40 OANDA:GBPJPY FX:GBPJPY FOREXCOM:GBPJPY