GBPJPY is facing some resistance in the 139.50 level. Since 31 July 2020, the price has not managed to break this level. At the same time, we have also not seen any strong bearish rejection candle at this level.
If we can get a big red candle at this level, then there's a good chance that GBJPY will drop to the 136 level.
On the other hand, if price breaks this...
On 4H chart, we can see that the price is at the resistance zone. And, we can see a 4H RSI Bearish Divergence.
On 1H chart, we can see a 1H Bearish Divergence on RSI, which confirms the bearish bias on 1H time frame.
On 10 min...
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GBP/JPY has been ranging for couple of days now. Looking more closely we can see it is forming bullish rectangle. When this structure is broken price could go higher.
Let us know what you think...
- Price close to our resistance zone/higher high, we will be looking for a long and a short setup, depending on how price behaves to that same zone.
- Preço próximo da nossa zona de resistência/higher high, iremos procurar por tanto um setup de compra como de venda.
- Price moving very impulsively towards our higher high/possible reversal zone.
- We can see that price is reaching overbought levels.
- Looking for shorts at the red circle.
- Only looking for longs if price breaks this zone impulsively.
- Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão.
- Podemos também...
In my previous GBPJPY idea, I told you to buy at 138.20 and target 139.20 level. That trade set-up played out perfectly and my target reached within 24 hours( idea links attached below)
Well, currently GBJPY has bounced again from the 100H EMA. If the price...
GBPJPY is Forming the bearish pattern at the top after giving a good upside movement. Descending the Triangle pattern indicates that we might see a downside in GBPJPY towards the support level, as shown in the chart. According to chart pattern analysis, one can initiate a short trade at the resistance line of the descending triangle pattern with proper risk...
Plan: wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do,...
As Here in GBPJPY, it has trend from the past couples of week and now its on the resistance line waiting for breakout or fallen back to retrace one more time, so then from there it starts strengthening or fall more to getout of the trend...
Well, It depends on News what will it do. Better to focus on buying from the lower line of trend & hold it but what if it...
It looks like GBPJPY's uptrend will continue. However, buyers must be careful and watch the 138 area. The price must stay above 137.80 level, which is the confluence of the 100H EMA and the support level.
If price stays above the support level, then we can expect a continuation of the uptrend to 139.20 level.
I have already bought at 137.85 and currently...
GBPJPY Analysis: Price bought and broke past resistance in previous analysis. GJ is currently above support 135.441, Expect price to possibly sell to support as a retest but overall buy towards next resistance 140.860 Long-Term Daily Timeframe
GBP - BEARISH
1️⃣ Investors turned to safety amid concerns about US-China relations, while a stronger-than-expected US jobs report released on Friday supported the greenback.
2️⃣ Bank of England left monetary policy unchanged as widely expected and struck a less pessimistic tone about the economy, while noting that would take more time to recover from the...
Based on analysis price is still bullish and not yet ready to take a short. We need to wait for confirmation.
Once price enters into the supply zone between 139.900 & 139.500 only then will we be looking to short back down to the support area of 136.500.