FOREXCOM:GBPJPY   British Pound / Japanese Yen
GBP / JPY- GREAT BRITISH POUND VS. JAPANESE YEN- DAILY TIME FRAME CHART ANALYSIS + KEY WEEKLY & DAILY CHART MARKET LEVELS
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#1. D1-DTFC MARKET TREND


✬- MARKET TREND / MARKET BIAS- THE DAILY TIME FRAME CHART MARKET TREND / MARKET BIAS-✬


MARKET TREND / MARKET BIAS- The Overall Daily Time Frame Chart Market Trend As Of Right Now Is BULLISH- The Market Is In A Bullish Trend

The Market Has Been In An Uptrend Since The 19th Of March, 2020


It Has Been Constantly Rising And Making HH- HIGHER-HIGHS & HL- HIGHER-LOWS


1- The Market Then Suddenly Made An Explosive Move Upward Where It Came Into Contact With The Key Weekly Time Frame Chart Market Level Of Support At 131.780

2- The Market Then Continued Its Push Higher Upward Where It Broke Past The Key Weekly Time Frame Chart Market Level Of Resistance At 131.780

3- The Market Then Re-tested That Same Key Weekly Time Frame Chart Market Level Of Resistance... Which Has Now Turned To A Key Weekly Time Frame Chart Market Level Of Support At 131.780

4. The Market Then Continued The Push Higher Up Where To A Key Daily Time Frame Chart Market Level Of Resistance At 142.760... Where It Then Retraced Back Down Near To The Support Level At 131.780... Which Initiated A Push Higher Up Making HH- HIGHER HIGHS & HL- HIGHER-LOWS...

5. The Market Then Arrived At A Key Weekly Time Frame Chart Market Level Of Resistance At 142.760... Where It Clearly Broke Through The Key Major Resistance Level... And Ultimately Pushed Higher Up Throught The Key Daily Time Frame Chart Market Level Of Resistance... Where Price Hung Out / Consolidated At That Level For About 3 Days... Where It Then Pushed Price Higher Up To Break Past The Key Weekly Time Frame Chart Resistance Level At 148.440.... To Then Stop And Retrace A Bit Which Resulted In The Creation / Formation Of A PRICE ACTION MARKET TRADING SIGNAL / SETUP At The Key Daily Time Frame Chart Market Level Of Support At 148.440

6. The Market Then Reacted At That Level Which Ultimately Pushed Back Price Up Substantially... Where Price Then Arrived At A Key Daily Time Frame Chart Market Level Of Resistance... Then Retraced Back Down Near To The Same Key Daily Time Frame Chart Support Level At 148.440

7. The Market Then Pushed Up And Then Hung Around / Consolidated At That Key Daily Time Frame Chart Market Level Of Support At 150.796... For About 3 Days Before Ultimately Pushing Higher Up...

8. The Market Then Approached A Key Daily Time Frame Chart Market Level Of Resistance At 153.408... Where It Ultimately Began To Interact With That Same Key Daily Time Frame Chart Market Level Of Resistance... Where The Market Then Began To Move Higher Up

9. As You Can Clearly See From Looking At The Chart That The Market Clearly Encountered Some Resistance At A Support Level At 154.865. Price Then Retraced Back Down Near To A Key Support Level... Where As You Can See Price Then Pushed All The Way Up... Breaking Past The Key Daily Time Frame Chart Market Level Of Support At 154.865... Then All The Way Up To The Key Weekly Time Frame Chart Market Level Of Resistance... Where Price May Now Find Some Serious Resistance When Interacting With That Level...

10. As You Can Clearly See From Looking At The Chart That Price Is Now Looking To Interact With That Key Level... As Of Right Now... We Just Need To Wait And See What Will Happen / Occur... It Is At This Time Now That As A Price Action Trader... It Is Best To Just Sit On Your Hands And Wait To See What Will Be The Outcome... At That Area With The Question Mark...

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#2. W & D1-TFC KEY MARKET LEVELS

✬- KEY WEEKLY & DAILY TIME FRAME CHART MARKET LEVELS OF SUPPORT AND RESISTANCE-✬


ANALYSIS OF THE WEEKLY TIME FRAME CHART & ANALYSIS OF THE DAILY TIME FRAME CHART
THE WEEKLY TIME FRAME CHART MARKET LEVELS OF RESISTANCE & THE WEEKLY TIME FRAME CHART MARKET LEVELS OF SUPPORT- SHOWN ON CHART
THE DAILY TIME FRAME CHART MARKET LEVELS OF RESISTANCE & THE DAILY TIME FRAME CHART MARKET LEVELS OF SUPPORT- SHOWN ON CHART


THE KEY WEEKLY TIME FRAME CHART MARKET LEVELS OF SUPPORT AND RESISTANCE ARE:

A Key Weekly Resistance Level At- 156.140
A Key Weekly Support Level At- 153.865
A Key Weekly Support Level At- 153.408
A Key Weekly Support Level At- 148.440
A Key Weekly Support Level At- 142.760


THE KEY DAILY TIME FRAME CHART MARKET LEVELS OF SUPPORT AND RESISTANCE ARE:
A Key Daily Support Level At- 154.865
A Key Daily Support Level At- 153.408
A Key Daily Support Level At- 150.796
A Key Daily Support Level At- 146.385


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#3- PA MARKET TRADING SIGNALS / SETUPS


As Of Right Now I Am Only Looking For PIN BAR PRICE ACTION MARKET TRADING SIGNALS / SETUPS That May Form / Develop At / From That Key Daily Time Frame Chart Market Level Of Support At 154.865


✬✬✬✬✬BE ON THE LOOKOUT FOR THE FORMATION / CREATION OF PRICE ACTION MARKET TRADING SIGNALS / SETUPS THAT MAY FORM AT Or FROM THAT KEY DAILY TIME FRAME CHART MARKET LEVEL OF SUPPORT✬✬✬✬✬


✬✬✬✬✬Smart Thing To Do Now Is Just To Wait For A RETRACE Back To A Key Level Or The FORMATION / CREATION Of A PAM-S/S- PRICE ACTION MARKET TRADING SIGNAL / SETUP To Form✬✬✬✬✬


✬✬✬✬✬AS THE WEEK PROGRESSES THE MARKET IS SUBJECTED TO CHANGE THROUGH PRICE ACTION MARKET MOVEMENTS...SO BE ON THE LOOKOUT AND STAY ALERT✬✬✬✬✬


✬✬✬✬✬A PRICE ACTION MARKET TRADING SIGNAL Has Formed From Last Friday's Movement Upward... But That Would Be A Counter-Trend Trade... I Would Prefer To Wait For The FORMATION / CREATION Of A PRICE ACTION MARKET TRADING SIGNAL / SETUP To Form In-Line With The Trend Or From A Key Market Chart Level✬✬✬✬✬


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