Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair started falling down after hitting the resistance line in a falling wedge. One can take a sell call. Let us know your views on this in the comment section. Thank...
Continuation for 138? Price rejecting temporarily 135.8 price If it breaks initiate long and hold till 138 JXY at resistance BXY at supply Potential rally
Weekly- Lower lows continuation, retested the Pennant. 4h- Entry ( 38.20% fib or 61.80%) 700 pip target!
I expect a pullback for GBPJPY in the selected area, that is a good sell zone/pullback zone. The target is 146.00/145.90 and here we will see if pattern will became a HnS (and price will go up again) or if the trend will be confirmed. Enjoy the pullback!
Chance to add to sell still in play. Could just see it melt down to next demand zone, too.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
I have identified a potential long opportunity on the GBPJPY pair. I see long opportunities longterm on the weekly and monthly, and now a potential entry pattern has emerged to continue in to the long term trend. I am going to place a buy here. Let's see how things turn out happy trading for more detailed insights on my analysis feel free to leave a comment.
GBPJPY has been printing higher highs, and we are currently entering a pull back. Based on the daily time frame, we are above the 50% retracement level, which could now act support. We also have the 2hr support line, and we are trading above the cloud. Next targets are at the fib retracement points.
Long GBPJPY @ 141.00; TO @ 143.89, SL your choice
The pair's uptrend seems to be coming to an end. Yesterday provided us with a big sell off and the major moving averages have rolled over on the smaller time frames. Moreover, as highlight below, the Stochastic crossover (10,6,6) has also occurred. I'm now short and any rallies that occur will be shorting opportunities.
this is what I see the pound yen on a smaller scale could be doing lets see this week how it plays out
The Yen rally continues to further itself along against most currencies as ‘risk-off’ grips equity markets. Most of the pairs have been trading lower, with GBP/JPY as a holdout due to a strong sterling. However, recent price action suggests that could rollover in-line with the others. A bear-flag is emerging, but has yet to trigger. Should it trade below the...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". So it's been a long time since I publish anything. But this is a new year and with that comes new goals and new purposes in life. One of my goals is to...
GBPJPY Rejected last major gap pin bar in h4 looks good for a buy to 139.50 or potentially to 140.00. good luck.