Technical Analysis: As you can see, the currency pair has shown Bearish Divergence with MACD in the daily Timeframe chart which is the sign of bearish trend upcoming and some retracement to lower levels. we draw Fibonacci retracement from low to high of the initial Bullish wave which has important levels defined. What we think that GBPJPY may rise up from 38.2%...
Global H4 downtrend, touch of the trend lign with a very respected resistance around 155.
GBPJPY reached a strong intraday structure resistance. On that, a double top with a lower high is formed. To short, I am waiting for the underlined yellow neckline breakout (1H candle close below). Targets will be: 152.5 151.57 In case of a bullish breakout of a red zone, the setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Momentum on GBP/Jpy closed bullish and turned at a daily area of value, 61% Fib and a trend line touch, expecting a touch of the upper channel trendline above the highs depending on behavior below the most recent highs and If price fails, I could be looking at a longer term sell, but looking at the fact that this chart is in a long term bullish trend, the odds are...
GBPJPY showed sharp gains on Mondays Asian and European sessions with the pair rising from a bearish 151.500 to 153.750 at its peak, looking primed to continue back towards the 155 mark which the bulls have been pressuring and sustaining since late May. Coming into todays European session, the currencies volatility had worn off and the pair has been stuttering...
1. Downtrend. 2. Market is testing a horizontal resistance level around the 153.500 area. 3. Market is testing a Supply zone that was not tested before. 4. Price action illustrating the rejection of higher prices. 5. Increase in Volume -> Extensive selling.
Did GBPJPY Just Showed Us Where It Wants To Go With That Wick!!? Interesting Pair To Look @ Today. Personally Buy Opportunities Look More Enticing. Ideal Trade Indicated On The Chart With SL Slightly Below The Lower Low Created To Minimize Risk.
Just wait for confirmation. Target : sell 1.12570 Target: buy 1.22200 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
Good morning traders! Today, we bring you our analysis and forecast in GBP / JPY; we saw quite aggressive behavior since these last days. 🔸Starting with the Daily Timeframe, we see that the price has been in a clear uptrend for months. We want to clarify that what we are seeing now is only a CORRECTION/RETRACEMENT, which is necessary to continue the rise in the...
GBPJPY fell this morning as the Asian session ended weary of the the BoJ's interest rate decision and release of Inflation YoY. This, coupled with the pair showing early signs of exhaustion is creating great weather conditions for a storm. The pair fell short of the 154.000 mark and looks to consolidate ahead of the BoJ's decision before a small breakout above the...