So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 165.963 on htf pov. now price if respects the support at 164.979 & closes above the resistance with further bullish move then it could continue moving up creating higher high while moving in respect to the...
So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 166.319. now price if respects the support at 164.979 & continues with further bullish move then it could come up to make a retest at the major resistance while moving in respect to the uptrendline. And if makes a...
hello guys, sometimes I wait for market to take the move then I'll enter; right now the market seems to be in consolidation from few days and I am waiting for good setup to be formed. so Patience is the key to success.
Price already moved about +260 pips long for the day and is retesting a major resistance at 164.656. now price could go for some small retracements to retest 163.494 or 162.672. And if price breaks & closes above the resistance at 164.656, then it can push up all the way to next resistance at 166.180.
Price has a key resistance at 161.527 & a new low at 160.655. Now price if price makes a breakout of recent low then price might continue to push down to major support zone at 159.998 on a higher timframe. However we see about 66 pips rejection from the recent low on gj so a breakout of the resistance could happen if 4hr candle close with a bullish engulfing...
GJ moving in respect to 2 trendlines while getting shrink in between creating a symmetrical pattern. And also price facing major support at 160.858 & resistance at 162.672. if the support is broken which seems very likely now, then price might continue to push down to the next major support at 159.998 or go even further down. And if price respects the support &...
GJ is moving in respect with the downtrendline while facing recent resistance at 161.971 & major support at 161.042. Now if gj makes a breakout of the support & previous low at 160.827 then it might push all the way down to retest the major key zone at 159.998 by forming another recent downtrendline.
GJ if breaks out of the current resistance at 161.967 then it might continue pushing up to 162.672 or create new higher high if even breaks out of 162.660. Similarly if gj makes a break & close below the major support at 161.170 then we can look for trades on short side anticipating gj to continue pushing down to retest 160.106 key zone.
GJ found resistance by forming double tops at 162.630. so it needs to breakout of that resistance to continue moving up to 163.543 key zone. And if gj breakout of recent support at 161.961 then it could push down to previous support at 161.601 or 161.250.
If the price makes a breakout of previous high 162.185 the gj might continue to push up to the key level 162.654 while respecting the uptrenline & the recent low 161.572 as its support.
GBPJPY needs to make a breakout of the recent downtrend line to continue pushing up to 162.011
looking for long entries after price makes breakout of 165.432
market structure still in favour of the bears innit, after scaling up about 318 pips yesterday, there is a possibility of banking + 150 pips following the momentum, bears are in control of the swing for now let's aim for 159.600 just bellow the first psychological area. session : London session day trading
waiting for a breakout above 166.414 to look for potential buys.
GBPJPY Intraday - We look to Buy at 162.20 (stop at 161.10) We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips. Our profit targets will be 165.40 and 168.40 Resistance: 165.40 / 168.40 / 171.90 Support: 162.00 / 158.65 / 155.60 Please be...
GJ formed a symmetrical triangle pattern. Now waiting for a breakout of the symmetrical pattern to look for trades as shown in pictures.
GJ facing Resistance at 159.746. A breakout on of the resistance, might lead the price onto the next zones in the direction of the breakout as shown in picture.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade