Fantastics as the Pair respected the Resistance zone at 183.799 and drop down to the 4hour trendline which is the 200EMA. after the retest the pair seems to be Bullish but this is confirm when the pair pullback to the 180 area of value and does not break through to the downside.
The pullback to that area of value will play a significant role in the Technical...
Hello traders, we want to check the GBPJPY chart. The price is moving in an upward channel. If the price pulls back to the key level between 181.400 and 181.500, we expect this level to maintain the upward trend of the price and cause the price to continue growing. If the price continues its upward trend, we expect it to grow to the next key level, which is around...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The trend for GbpJpy is not only bullish but aggressively bullish and the price gained 2k pips since April and passed 180 (my target for the long term).
Two days ago, the pair dropped shortly under 180, now support, and yesterday's reversal left a piercing candlesticks pattern on our chart.
Today's intraday drop was again met with buying power and so far, the...
Hey everyone, hope you are doing great, in our view GBPJPY is yet to continue the bullish momentum until 192-195. Let’s catch this opportunity.
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The GBP/JPY currency pair has experienced its first daily increase in three days following the release of UK inflation data. The data showed that both the UK CPI and Core CPI rose higher than expected in May. The pair has rebounded off of the 100-hour moving average and is currently being favored by positive indicators. With the weekly resistance line acting as...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The annual Consumer Price Index (CPI) is predicted to decrease to 3.1% in June from the previous month's 4%. Likewise, the Core CPI, which is not affected by volatile food and energy prices, is expected to slightly decrease to 5% from 5.3%. Investors are expected to pay attention to the monthly Core CPI reading as it offers a more accurate portrayal of inflation....
This pair has been on my watchlist for the past few days and seeing it has broken through the most recent support level 182.015, I would love to see a retest of same level and then a rejection before I take the position.
Here was what I posted some few days back
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an...
currently the closest target is down to the SnD which intersects with the bullish channel trendline. if the price responds positively to this area, then there is a possibility that the price is bullish again.
🚨 GBPJPY HIGH PROBABILITY BUY SETUP SOON 🚨
* Here we can see clearly the next potential move for
Pound/Yen in coming hours or day.
* I can see GBPJPY is still within the Parallel Channel , & it's about to from Double Bottom Reversal Pattern at the Strong Support Line at 182.131.
* EP(BUY): 182.295
* TP1: 183.090
* SL: 181.872
* Keep your eye close on your...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
It is still visible if the movement in this pair has experienced a breakout.
Potential for short entry is in the area of 182.00-182.10. I'm still waiting on that price.
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of GbpJpy 💪
After GbpJpy broke out of a major long term monthly triangle formation all the way back in 2021 there has been a major rally of roughly 4000 pips towards the upside on GbpJpy.
However by looking at the weekly...
As much as I would love to go short on this pair, I feel it is too soon to make that decision. As it stands from my perspective, there are two possibilities and that means until I see a shift in momentum either to the upside above the 185.101 level or downside below the 183.760 level
