The GBPJPY currency pair stays on the upside for 188.92 resistance. If the resistance won't be broken, the trend will change to downside.
GBPJPY broke and closed below the psychological level at 187.000. The market is creating the AB=CD pattern, which is basically an equal-measured move. Price is most likely to go down from its level because the market is printing a bearish harmonic pattern on the 4-hourly chart. We expect a sharp bearish move. ------------------- Share your opinion in the...
Pure technical analysis This morning in Tokyo session GBPJPY made a small tight range after made down ward move yesterday. We have two possible ideas for this pair to continue sell (blue and red arrows). Enter at the breakout of the lowest channel or wait for the price to purge Asian session liquidity in the next London session to put safe stop loss. Ride the...
#GBPJPY downtrend pauses with a shift in the trend. Theres a potential buy opportunity if price breaks the previous high and retraces giving us a bullish break of market structure. Remember, trading is risky. This is just my opinion, not financial advice.
The Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen. But what has caught...
GBP-JPY is going up now But a strong horizontal Resistance is ahead at 188.74 So after the price hits the Level a local move down Is to be expected !
We can see that the price shifted the structure and we are in a bearish market now. The price created a lower low and mitigated all the supply zones, finally, the price created liquidity below the bearish order block and had a bearish reaction after hitting this zone. For more confirmation, we need 15 minutes CHOCH. we can define 186.73 as the first target, and...
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Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
The start of 2024 has been remarkably bullish for this pair, and we're quickly nearing an important resistance point: last year's high at 188.700. Today's higher-than-expected UK CPI figures might just be the push needed to reach this level. Taking a look at the daily chart, we see that since June last year, this pair has been in a sideways holding pattern. This...
HELLO TRADERS I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
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In December, GbpJpy experienced a corrective phase, typical of JPY pairs in this period (repatriation of capital). However, after testing the 179 support level three times, the pair reversed course at the beginning of the year, swiftly recovering previous losses and returning to previous highs. Currently, the pair is undergoing a minor correction following its...
GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair. The expectation...
Hey team, Hope you are Enjoying our Ideas and Analysis, Today we are Monitoring GBPJPY , That Running as a Trend line of TRIPLE TOP and Another Also In TRIPLE BOTTOM that you have seen in our Chart , So , Time to break or Run in Trend ...!!;??? What you think 🤔
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.
Still in consolidation, but the overall trend is bullish, so am waiting for a break out via a 4h close which will make a Higher High close above the blue line or alternatively I would wait for a rejection from the bottom of structure via a 4h close or a bullish engulfing on the 1h to look for the buy back up to the top of structure