GBPJPY is falling from our sell entry and price is heading down to our take profit level Entry: 181.091 Why we like it: There is a pullback support level. Stop Loss: 182.844 Why we like it: There is the pullback resistance and it aligns with the 38.2% Fibonacci retracement level. Take Profit: 179.584 Why we like it: There is the pullback resistance...
GBPJPY is falling from an overlap resistance toward our take-profit target. Entry: 185.620 Why we like it: There is an overlap resistance level Stop Loss: 187.572 Why we like it: There is the multi-swing-high resistance level. Take Profit:184.243 Why we like it: There is the pullback resistance level Please be advised that the information presented on...
Hello,Traders! GBP-JPY is going down But a strong horizontal Support is ahead at 184.600 So after the retest I will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#GBPJPY UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair GBPJPY. GBPJPY is forming a Rising wedge pattern and it is now its on support level. Also we had a demand zone, where we can execute our trade. Be with us and support our analysis, if you found...
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...
From a technical point of view, the trend is bullish on intraday chart, and OANDA:GBPJPY pair could trigger another bullish leg in the short term. If we look on 1H chart, the price remains within a narrow trading range, and this means volatility compression. In this technical context, if the price remains above 184.552 a breakout on the bullish side should be...
Watching this three-touch resistance level in GBPJPY. Impulse candle breaking through it, want a rounded retest now. the reaction from the level seems good.
Preferred direction: SELL Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive...
Preferred direction: BUY Comment: In metals, the upward reversal happened a little earlier than expected. Naturally, gold picked up the momentary weakness of the American currency and is now seeing continued growth within the mid-term trend. Now we are setting a small target for ourselves from current prices, namely the level of 1981.683. Thank you for like...
Preferred direction: SELL Comment: The weakening dollar plays in favour of the yen, which is right at key levels. Here we are seeing a deeper upward correction in favor of the dollar after yesterday’s impressive momentum. However, most likely this fuse on the part of buyers will be extinguished and the price will go down again. We highlight two scenarios for...
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...
I am taking a short position on GBPJPY as we're hitting a resistance zone on the 4H timeframe
GBPJPY is on a bullish technical outlook on the 1W timeframe (RSI = 66.035, MACD = 3.180, ADX = 33.852) but a great sell opportunity may be emerging as the 1W RSI Bearish Divergence crossed above the MA just like the on October 4th 2021. That was the third top on that pattern much like the one that is being formed now. Technically next week we should see the top....
Preferred direction: SELL Comment: The trading idea of shorting the pound has been fully worked out. Level 1.22370 has been reached. At the moment, another small downward movement is expected. Most likely, before the weekend, sellers will shake out short-term buyers as much as possible. After which, at the very close, we can most likely expect a slight...
The FX:GBPJPY failed to gain traction on Thursday, posting losses of 0.24% amid hawkish comments from the US Federal Reserve Chair Jerome Powell on an International Monetary Fund (IMF) event. Hence, the safe-haven status of the Japanese Yen (JPY) benefitted, a headwind for the Pound Sterling (GBP). At the time of writing, the cross-pair is trading at 184.97...
The FX:GBPJPY reverses its course after posting decent losses of 0.20% on Tuesday and has risen past yesterday’s high of 185.46, as buyers target the current week’s high of 185.95. At the time of writing, the cross-pair is trading at 185.57 for a gain of 0.22%. Even though the uptrend remains intact, price action seems overextended, though, in the short term,...
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...
#GBPJPY UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today, Anna is monitoring the GBPJPY. GBPJPY is in the uptrend in the HTF, Also there is an order block at POI, we can see a short term bearish move from that OB, this will go high in the future, remember this as well... Strict with...