GBPJPY could reverse to the overlap support, then the price could potentially bounce off this support and rise to take profit. Buy entry is at 187.401 which is an overlap support that aligns closely with the 50% fibonacci retracement level. Stop loss is at 185.720 which is an overlap support. Take profit is at 189.950 is the swing-high resistance. High Risk...
Today's focus: GBPJPY Pattern – Breakout Support – 188.25? 186.14 Resistance – 189.88 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart. After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers...
GBPJPY is trading close to the overlap resistance, it could potentially break out of this resistance and rise to the take profit level. Buy entry is at 187.458 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. Stop loss is at 186.152 which is an overlap support. Take profit is at 188.780 which a multi-swing-high resistance. High...
GBPJPY is falling towards out sell entry the overlap support. From there price could reverse to the take profit level. Sell entry is at 187.305 which is an overlap support level. Stop loss is at 188.713 which is a level that sits above the swing-high resistance. Take profit is at 184.591 which is an overlap support level that aligns closely with the 38.2%...
Today's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next...
The price is bouncing off the multi-swing-low support and could rise to the take profit level. Buy entry is at 180.168 which is multi-swing-low support level. Stop loss is at 178.712 which is a level that sits under a swing-low support. Take profit is at 183.848 which is swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin...
GBPJPY could break our sell entry level and reverse to the take profit level. Sell entry is at 180.383 which is an overlap support level. Stop loss is at 182.366 which is a pullback resistance level. Take profit is at 178.631 which is a swing low resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Current price is rising toward our buy entry at 182.920, which is an overlap resistance and could rise to our take profit at 185.072, an pullback resistance level. The stop loss will be placed at 181.040, which is a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all...
Price could fall to our buy entry at 186.37, which is an overlap support level, aligning with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 185.23, which is below the 78.6% fibo retracement. Take profit is at 188.53, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
Price is rising towards our sell entry at 186.63, which is a swing high resistance level, aligning with the 161.8% fibo extension and -61.8% fibo expansion. Our stop loss is at 186.97, which is above the fibo confluence zone. Take profit is at 185.80, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Price could fall to our buy entry at 184.28, which is a pullback support level, aligning with the 50% fibo retracement and 100% fibo projection. Our stop loss is at 183.18, which is below the 78.6% fibo retracement. Take profit is at 185.70, which is at a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is rising towards our sell entry at 183.55, which is a swing high resistance level, aligning with the 161.8% fibo extension. Our stop loss is above the swing high resistance level at 184.49. Take profit is at 182.38, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Price could fall to our buy entry at 181.15, which is an overlap support level, aligning with the 50% fibo retracement and 78.6% fibo projection. This area shows fibo confluence, and hence, price could potentially bullish from our buy entry. Our stop loss is at 180.16, which is below a swing low support as well as the 61.8% fibo retracement. Take profit is at...
Price is rising towards our sell entry at 182.84, which is a multi-swing high resistance level, aligning with the 127.2% fibo extension. Our stop loss is at 183.34, which is a pullback resistance level, aligning with the 161.8% fibo extension. Take profit is at 182.30, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Price is approaching our sell entry at 184.46, which is a pullback resistance level, which aligns with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 185.12, which is another pullback resistance, and at the 78.6% fibo retracement. Take profit is at 183.43, which is a multi-swing low support level. Price is approaching our sell entry at...
Price is approaching our sell entry at 185.12, which is an overlap resistance level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. Our stop loss is at 186.07, which is the previous swing high resistance level. Take profit is at 183.67, which is the previous swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Price is approaching our sell entry at 185.47, which is an overlap resistance, 61.8% fibo retracement and 78.6% fibo projection level. Our stop loss is at 186.44, which is an overlap resistance level. Take profit is at 184.16, which is placed slightly before the 61.8% fibo retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Is the bull run ready to continue? Or was last week just a fluke?