Hello,Traders! GBP-JPY went up sharply But the pair is locally Oversold so as the pair Is retesting a horizontal Resistance of 192.945 A local bearish correction Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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GBP/JPY was largely flat on Thursday, trading slightly below trendline resistance at 192.70. Bears need to protect this ceiling tooth and nail; any lapse could spark a move towards the 2024 highs at 193.55. On further strength, a jump towards the psychological 195.00 mark cannot be ruled out. On the other hand, if the pair gets rejected from its current position...
FX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention...
The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher...
GBPUSD is currently at the pivot close to the 50% Fibonacci retracememt and could potentially fall to the swing support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 191.62 Support: 190.33 Resistance: 192.75 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
Short on GBPJPY Bearish Trend, LH after a HH Looking to Short after S2 is broken Risk 2%
Market Analysis PT2/2 (11th April 2024) GBPJPY Analysis On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour. In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1...
GBPJPY broke and closed above an intraday horizontal resistance. The broken structure turned into support. Retesting that, the price formed a cup & handle formation on an hourly time frame. We see a bullish continuation in the morning. I expect growth at least to 192.8 level. ❤️Please, support my work with like, thank you!❤️
GBPJPY is currently at the pivot and could potentially fall to a pullback support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level, above 127.2% Fibonacci extension Pivot: 192.26 Support: 191.54 Resistance: 192.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2193 Now market. 2293 Support zone 2260 Target zone. 2335 Bis_ Bullish Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence...
Hello,Traders! GBP-JPY is trading along the Rising support and the pair Has already made a bullish Rebound which reinforces Our bullish bias and we Will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP/JPY -gbp/jpy have imb under the price -if this demand get broken then more analysis is needed for bias -If the price mitigate our demand don't enter without confirmations
GBPJPY is rising toward the pivot point that lines up with the 161.8% Fibonacci extension and 61.8% Fibonacci retracement and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 192.14 Support: 191.24 Resistance: 193.39 Risk Warning: Trading Forex and...
GBPJPY is trading inside a Bullish Megaphone. Every time the 1day MA50 broke downwards, the pattern gave a sell signal with the minimum decline on the Bearish Wave being -4.17%. If the price does break under the 1day MA50, sell and target 185.500. The 1day RSI is already on a Bearish Divergence. Previous chart: Follow us, like the idea and leave a...
As the financial markets took a pause for the Easter holiday, the GBP/JPY pair maintained stability around the 191.00 level on Friday, showing minimal movement. Meanwhile, Federal Reserve Chair Jerome Powell made statements emphasizing the adaptability of monetary policy to various economic scenarios. Technically, the price experienced a reversal near 193.500, as...
#GBPCAD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPCAD. GBPCAD is making rising Wedge Pattern and this is almost ready for breakout. Here it has maximum Chances we can see a good drop in price. In this move we can see drop upto 200Pips+. Keep in touch we will update further soon
GBP/JPY Poised for Reversal Amidst Diverging Correlation with GBP/USD GBP/JPY experienced a robust bullish rally in recent days, surging to the 193.5200 level after the FOMC announcement. However, signs suggest that the pair may be gearing up for a retracement. Interestingly, the correlation between GBP/USD and GBP/JPY appears to be diverging, particularly...