GBPJPY Previous Month : Bearish Previous Week : Bearish Previous Day: Bullish Weekly : Still reacting to the formed Year High reached and the Weekly resistance formed on Jan 2018 but holding bullish weekly structure with June 21 Support formed. Daily : Structure is solid bullish respecting every zone created during the bullish run since March 2020....
GBPJPY Previous Month : Bearish Previous Week : Bearish Previous Day: Bullish Weekly : Still reacting to the formed Year High reached and the Weekly resistance formed on Jan 2018 but holding bullish weekly structure with June 21 Support formed. Daily : Structure is solid bullish respecting every zone created during the bullish run since March 2020....
Price broke neckline. Target one: Buy 1.1910 Target two: Buy 1.1975 Don`t forget to look the economic calendar. THANK YOU! GOOD LUCK!
GBPJPY is approaching horizontal swing low support in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices continue to push down, prices might take support on horizontal swing low support in line with 78.6%...
GBPJPY broke out of descending trendline resistance and is currently taking support on horizontal swing low support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down, prices might take...
GBPJPY broke out of descending trendline resistance and is currently taking support on horizontal swing low support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fiboancci retracement. If prices push down, prices might take...
GBPJPY holding below descending trendline resistance. A short-term drop below 38.20% Fibonacci retracement and our sell entry at 153.213 towards graphical overlap support at 152.469 could be possible. Technical indicators showing room for further downside pressure as well. Any opinions, news, research, analyses, prices, other information, or links to third-party...
Looking to sell this pair as JPY has been showing strength across the JPY group. If price comes back to around my entry area, then I will be looking to short this.
GBPJPY is facing bearish pressure, as it continues to hold below the moving average and descending trendline resistance. We could see a reversal at Pivot, in line with 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance, and moving average resistance, towards 1st Support, in line with 76.4% Fibonacci retracement and 127.2% Fibonacci...
This is a set up I saw on the 1 hour time frame and after some lower timeframe analysis I realized this is an ideal entry on GJ. After missed expectations on Japanese unemployment numbers, I was expecting a retrace back above 153.550, this was not the case. GBPJPY had a sharp selloff and has stair-stepped back into an area I consider safe for a long. Something...