FX:GBPJPY I have determined the harmonic pattern target on the chart; I wish you success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
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...
The GBP/JPY pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel, characterized by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and...
The Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen. But what has caught...
GBP/JPY M30 Channel Breakout Hints at Potential Upside: Buy Opportunity Emerges The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a channel pattern. This pattern suggests a shift in momentum towards the upside, potentially offering entry points for short-term long positions. Key Points: Upward...
Traders, Let's delve into the forecasted path for GBP/JPY: Trend Analysis: Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements. Potential Obstacles: Anticipate some hurdles or resistances along the...
The GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern. Key Points: Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often...
The GBPJPY pair delivered the best sell signal possible on our last bearish call (November 30 2023, see chart below) as it got rejected exactly on the Higher Highs trend-line back to the Support of the Ascending Triangle: Today's analysis is on the 1D time-frame where you can see that the price then rebounded exactly on the 1D MA200 (orange trend-line) and...
#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 moving in a range from a couple of days. Here we had mentioned two possibilities. If it breaks toward down/up side and then retest it, we'll execute our Short/Long trade after any confirmation in the LTF. We...
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...
Selling EURUSD again in NY session. We have seen the big push down through out today, targeting the 4Hr OB around 1.07850 I think EU will continue to fall, we also have PMI tomorrow which might push price even further
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 187.000 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 187.000 support and resistance area. Trade safe, Joe.
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...
I see a potential high reward setup for sells lining up on GJ. Would enter on break below 187.550, but ideally would love to see that area changing to resistance and a rejection of the price off of it. Stay safe!
#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 to sweep the liquidity and then goes down. Reason behind this trade is that we can see that in the LTF, it is going slowly with internal liquidity, Also we had a strong resistance level above. Here if this...
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 185.200 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 185.200 support and resistance area. Trade safe, Joe.
1.) monthly candle formation bearish 2.) weekly resistance level 3.) daily liq. 4.) 4h divergence 5.) holding 4h level 6.) failed for higher high 7.) strong 4h liq.
Buying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end...