After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
GBP/JPY rallied and dipped before recovering to the midrange on Thursday, spinning in place near the 189.00 handle as Guppy traders look for movement from the Bank of Japan (BoJ). The BoJ is expected to lift interest rates out of negative rate territory after the Japanese central bank widely telegraphed earlier in the year that high wage increases from spring wage...
Daily - Long bias. looks good for longs. Origin - Quite similar to EA. I will ideally like price to pull to 189.443 - 188.911 zone and get absorbed. but if it stays above daily AVWAP today, I will take the long entry if it presents.
We will continue to follow the 4-hour SAR to the upside until we see a SAR flip to the top, indicating we take profits. We are currently at a 1-hour resistance level. Look for more BUYS with retracements, and the original SAR is the ultimate SL, which would signal a trend reversal. Let me know your thoughts. The Professor
OANDA:GBPJPY : after the hit of lower liquidity we get to test a very interesting FVG...this is a long-term analysis. from my point of view a change in the structure of the daily time frame... if the FVG fails we will sell on the highs not yet exceeded... but pay attention to the news of these days which can reverse the situation
GBPJPY is already on a high curve. A leading diagonal is clearly printed. I am waiting for an abc retracement completion to catch an impulse at 0.618 or 0.786 or supply zone. Happy trading!
Gj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe. Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will...
GBPJPY market broke and closed above the psychological level at 188.000. Price action has been making higher highs, but it's pulling back to support and the 38.2% fibo level. It rebounded from the 50% retracement level and broke the structure. We expect a retest of the major resistance level since the trend is bullish. ------------------- Share your opinion...
I've been anticipating GBP/JPY turning BEARISH for a few hours as we've seen the price push through the 200 EMA on H1 and the WP pivot and the signs are that GBP/JPY BEARS are jumping in. BEARISH signals include RSI which was 71 but is now 61 indicating a move south and MACD which is lagging behind (as usual) but signficantly not making any more headway north and...
The GBP/JPY cross turns positive for the second successive day following an early dip to the 188.40 region on Wednesday and looks to build on the overnight bounce from a near one-month low. Spot prices, meanwhile, react little to the UK macro data and hold steady around the 189.00 mark during the early European session. The Japanese Yen (JPY) meets with a fresh...
GJ closed above buy zone (189.15) zone on the 1h at GBP 9.00am Upon seeing this as the stop loss would have to be placed below the 1h candle @188.75 I waited for price to come down to entry range of 189.00- 189.10. Where I entered manually @189.08 with sl@188.75 (risking 33pips). TP1:189.47 TP2:189.75 TP3: 189.85. TP4:190.00 *...
The British Pound (GBP) is experiencing heightened volatility amidst ongoing economic uncertainty. Factors such as Brexit negotiations, the resurgence of COVID-19, and inflationary pressures are contributing to fluctuations in the value of the pound. Investors are closely monitoring developments in trade negotiations between the UK and the EU, as well as the Bank...
GJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set...
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.
GBP/JPY is on a relentless uptrend fueled by ultra-low interest rates in Japan. On Friday, The Bank of Japan (BoJ) Governor Kazuo Ueda stated that it was too early to declare victory on inflation. On the other hand, the currently prevailing technical recession in Japan could lead to BoJ delaying its plan to tighten the monetary policy. All these factors are...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Waves
GBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and...
Hello Traders! This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share...