GBP/JPY - Bullish Channel formation in M30 Chart UK - GDP, Industrial Production, Manufacturing Production and Trade Balance in Next 40 Mins Thank you
Looking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24) Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00 Using a new indicator by @nephew_sam_ so looking forward to 2024 using this. Upon technical analysis, I can see the finish...
#GBPJPY UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #GBPJPY. Traders, Anna is monitoring the Forex pair #GBPJPY. GBPJPY Breaks the trend line and go very smoothly toward upside until the mentioned resistance level. Here we had another opportunity to enter...
GBPJPY breakout idea for further movement to the upside! ----- I will be waiting for GBPJPY to break out of the resistance zone and then retest the zone before taking long positions!
GBPJPY long retest trade idea. ----- I will be looking for price to break this level. ----- Then I will be waiting for a retest before entering a long position to aim for new highs.
Hey Traders, Check this analysis out on GBPJPY. I have couple of plans on Gold and i am looking forward to BUT on a short term. then look forward to more SELL trade plan since the pair is sill below the weekly Key Zone. I will take an alternative entry if that play out also, Keep a close tab on this. #gbpjpy #GJ
#GBPJPY UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPJPY. Traders, Anna is monitoring the pair #GBPJPY. GBPJPY is in the down trend in the HTF. In the LTF GBPJPY is going down and following the trend line. Here we can see that it just retest the...
GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the...
GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d). This test is coming only 3 days after the price hit the bottom of the Megaphone. The previous bottom formations have been very similar to the current pattern. Trading Plan: 1. Buy when the pair closes a (1d) candle above the MA50 (1d). Targets: 1....
Hello traders, GBP/JPY has presented a potential bearish scenario amidst recent developments in the 50 and 100 Simple Moving Averages (SMA), coupled with supply and demand dynamics. Keep in mind that the upcoming Bank of England (BOE) interest rate decision on Thursday could influence the analysis, and traders should remain vigilant. The 50 SMA has recently...
– Previous Daily candle closed small Bullish around 180.550 within the recent Daily range as price consolidates on the lower timeframe. – Buys on close above 181.100 targeting 4h Resistance around 181.560, Leaving Runners to the 30min Resistance formed around 181.950. – Sells on close below 180.070 targeting 1h previous Resistance formed on 14th December 2023...
I DONT LIKE THIS PAIR trading areas, in my opinion, the price will bounce from them. I added a horizontal line to stop loss. As for the profit, it depends on the method of taking some of the profit and completing with the rest, and so on. The analysis depends on the gaps between the tails of the candles from which the price bounced at least once. warning . I...
GBPJPY support zone. I will be looking for long positions when price enters this zone!
Hey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the...
GBPJPY - Intraday Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we...
Hey Traders, Check out this technical analysis on GBPJPY. GBPJPY is currently trading with bearish momentum by staying below the broken bullish trend line. So anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
GBPJPY bounced from support as I have shared. Now we could see a big pullback coming as GBPJPY already moved with more then 1% today. If I see price getting rejected in this zone I will be looking for short positions! Let me know what you think!
Hello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !