GBPJPY is facing bearish pressure from descending trendline resistance. Prices might push down from horizontal overlap resistance in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement as well as 100% Fibonacci extension. If prices push up above...
Fundamental bias: Bearish 1. Safe-haven status and overall risk outlook As a safe-haven currency, the market's risk outlook is the primary driver of JPY. Economic data rarely proves market moving; and although monetary policy expectations can prove highly market-moving in the short-term, safe-haven flows are typically the more dominant factor, especially in...
+Higher timeframe suggests its testing a support area of an ascending channel and daily support Bullish above 148.00. -Retail Sentiment has recently flipped bullish (when trading sentiment you take the contrarian view) -Very bearish last week -Bearish lower time frames
Triangle Pattern Target : sell 154.250 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
GBPJPY reacting below descending trendline resistance and 61.8% Fibonacci retracement level at 155.107. A short term intraday drop towards graphical overlap support and Fibonacci confluence zone at 154.826 could be possible. Stochastic is testing resistance where price pulled back in the past as well. Any opinions, news, research, analyses, prices, other...
Another opportunity on GBPJPY. While we are waiting for GBPUSD to breakout of the range that it is currently in, here we have a clear situation. We are in an uptrend on the higher timeframes and there could be a continuation. There was an impulse upside move yesterday and a breakout above previous highs would be a good entry point. We are expecting at least...
GBPJPY after the last bullish impulse is slowly retracing inside a descending channel. The price has now reached the previous resistance now turned support exactly at the 0.618 Fibonacci level. According to Plancton's strategy if the price will break above we will set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
1. Ranging market (bearish momentum). 2. Market is testing a horizontal resistance level around the 155.250 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.
The Breakout Opportunities system has just bought GBPJPY at 155.067. The system recommends entering this trade at any price between 154.939 and 155.293. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.493, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the...
✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ ✯✯✯✯✯✯✯✯GJ- GBP/JPY- Weekly Forex Trade Analysis- 06-06-2021 - 06-11-2021✯✯✯✯✯✯✯ ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯Trade Idea Information And Market Analysis✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ #1- Market Trend / Market Bias = Uptrend- The Market Trend Is Up A. Blue Arrow Pointing Upwards... Signaling A...
GBPJPY is at support prior to the GBP Markit Construction PMI data, which shows business conditions in the UK construction sector. Technically the pair is holding trendline and structure support currently, and we anticipate upside into the 156.4 level.
Fundamental bias: Bearish 1. Safe-haven status and overall risk outlook As a safe-haven currency, the market's risk outlook is the primary driver of JPY. Economic data rarely proves market moving; and although monetary policy expectations can prove highly market-moving in the short-term, safe-haven flows are typically the more dominant factor, especially in...
Hello traders! Long Term analysis today. We will talk a bit about GBP/JPY as it is facing a potential reversion area. Let's explain this idea: 🔸The price comes with a bullish trend for more than a year and a rise of approximately 25%. Do not forget to take into account this small detail. What we expect now is simply a price REACTION, not a trend...