GBP/JPY closed at 182.66. Regarding its resistance, the first resistance area is around 182.90. If it breaks, GBP/JPY may reach 183.33. You can consider selling GBP/JPY if a candle rejects the resistance area. As for support, the first support level is at 181.88, and there is an upper trendline formed as well. If that trendline breaks, GBP/JPY could drop to...
Hey Everyone, GBPJPY recently have overbought mainly due to JPY continuous bearish impulse. What we want to see here is for price to touch 181 region before it drops until 175 region where our take profit should be placed at. Please Like and Comment for more. :)
Hey Everyone, since our last update on GBPJPY price have continuously going up in other words price being extremely bullish. There is two major reason for it firstly GBP is extremely bullish after recent economic data and JPY which investors are still dumping it due to DXY extension demand. Wait for price to come to our region before selling it, will update you...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Impulse Correction Completed " ABC " Correction Fibonacci Level - 78.60% RSI - Divergence Break of Structure S / R Level
#GBPJPY... So guys as I told you above our disaster area of gbpjpy ... And market now smoothly trade above and done your targets ... Now market have upside area 181.50 That will be market final resistance area ... A new era will start if market clear 181.50 So don't be lazy and keep close that area .. It can change the the next story of gbpjpy... Trade...
-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP...
Fundamental technical analysis: Based on the fibonacci retracement analysis, the current price correction is expected to reach the range of 0.618 to 0.5. This correction is aimed at providing liquidity for the upcoming price surge. Moreover, the RSI and EMA indicators suggest that the upward trend is likely to continue. Market observation: Earlier today,...
Fundamental analysis According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area. Market overview before news In addition to the unexpected upturn in mortgage activity,...
Technical analysis: The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days. Market overview: Monetary authorities...
Investors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle....
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Rising Wedge as an Correction in Long Time Frame Impulse Correction HH - HL Divergence Break of Structure Bullish Channel in Short Time Frame
1 consecutive day long. buyer heavy PD price just broke out of POC and AVWAP from PD Price breaking out of AVWAP from today.
Hello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please...
-GBPJPY have created HH and currently rejected from there, however, the trend has not yet confirmed. -If DXY remain bearish in this week, it will help the JPY to bounce back strongly, meaning GJ to drop further. -Entry is only valid if it break the structure and retest at our area of entry or else avoid entering.
Hey Everyone, hope you are doing great, GBPJPY expected to drop more this week, let's not miss out on this great opportunity. Like And share and as always thank you for your continuous support means a lot!
GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel Impulse Correction Completed " 1234 " Impulsive Wave RSI - Divergence Break of Structure Symmetrical Triangle in STF with the Breakout of the Upper Trend Line
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum. 2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish...