The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken...
With JPY weakness, GBP/JPY OANDA:GBPJPY is likely heading to the 195.00 zone.
the price made an ABC correction move in the last few days.
We believe the price will continue to move upward after a little correction.
Our technical view has been shown in the chart.
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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...
After price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 191.250 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.250 support and resistance zone.
Trade safe, Joe.
Analyzing market trends and identifying potential opportunities is crucial for making informed decisions. One such opportunity currently presenting itself is the bearish setup on GBP/JPY, indicating a significant shift in momentum.
As the price of GBP/JPY reached the 193.000 value, it coincided with the 78.8% Fibonacci level, marking a critical point of...
GBPJPY - 24h expiry
The primary trend remains bullish.
A lower correction is expected.
Previous resistance level of 191.55 broken.
Bespoke support is located at 191.35.
Preferred trade is to buy on dips.
We look to Buy at 191.35 (stop at 190.85)
Our profit targets will be 192.55 and 192.85
Resistance: 192.35 / 193.00 / 193.50
Support: 191.35 / 190.85 /...
The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.500 support and resistance area.
Trade safe, Joe.
GBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.400 zone, GBPJPY is trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.400 resistance area.
Trade safe, Joe.
GBPJPY - Intraday
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
Buying continued from the 50% pullback level of 188.30.
We look to buy dips.
Bespoke support is located at 188.70.
We look to Buy at 188.70 (stop at 188.20)
Our profit targets will be 189.90 and 190.20
Resistance: 189.70 / 190.20 /...
The GBPJPY pair broke recently above the 2023 High has been consolidating these past 3 weeks. This consolidation can technically be the start of a new correction back towards the 1W MA50 (blue trend-line) in order to test the market demand and get confirmation.
This is exactly what took place in October 2014, which as you can see, is the fractal that GBPJPY's...
GBPJPY - 24h expiry
The medium term bias remains bullish.
Trading within a Bullish Channel formation.
The sequence for trading is higher highs and lows.
Buying continued from the 61.8% pullback level of 189.20.
Previous support located at 190.10.
We look to Buy at 190.10 (stop at 189.70)
Our profit targets will be 191.10 and 191.35
Resistance: 191.10 /...
Traders,
Upon reviewing the 1-hour chart, a clear bullish trend is evident for GBP/JPY.
I propose the following intraday strategy:
Keep a close watch on the 15-minute chart.
Any breaks above 190.700 in the 15-minute timeframe will trigger our limit order.
Please note that this analysis is applicable only for today and may become invalid sooner than expected....
The GBP/JPY pair on the M30 timeframe displays a bullish signal through a recent upward breakout from a symmetrical triangle pattern, suggesting a potential buying opportunity.
Key Points:
Triangle Breakout: The price has been consolidating within a triangle formation characterized by converging support and resistance lines. This often indicates indecision...
#GBPJPY
UPDATE
Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPJPY.
#GBPJPY is going down.
Here you all can see that a breakout has done after consolidation.
We can a short entry here and our target will be the mentioned level.
Stay and trade with us confidently....✍
GBPJPY is on a bullish 1D technical outlook (RSI = 65.529, MACD = 1.210, ADX = 62.251), which is a natural consequence of the strong 3 week rally since the January 2nd bottom. However this rally appears to have come to an end as not only has the price hit and got rejected twice on the R1 level (188.660) but the 1D RSI has also reach the top of its six month...
