sell orderblock to fibbo 0.618 or LL check my charts on my account
GBP-JPY is trading in an Uptrend and the pair Broke out of the bullish Flag pattern made a retest And is now going up again So I am locally bullish biased Thus, I think the target above Will be retested !
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Impulse Correction Completed " ABC " Correction Fibonacci Level - 78.60% RSI - Divergence Break of Structure S / R Level
i am expecting GBPJPY down move from here by making head & shoulder pattern
i am expecting GBPJPY sell around VSA trendline, also there is weekly POI exist
Fundamental technical analysis: Based on the fibonacci retracement analysis, the current price correction is expected to reach the range of 0.618 to 0.5. This correction is aimed at providing liquidity for the upcoming price surge. Moreover, the RSI and EMA indicators suggest that the upward trend is likely to continue. Market observation: Earlier today,...
Fundamental analysis According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area. Market overview before news In addition to the unexpected upturn in mortgage activity,...
Technical analysis: The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days. Market overview: Monetary authorities...
Dear traders, in a quite expected move, GBP/JPY rallied almost 200 pips from 172.65 and reached the resistance level as indicated in my chart. Currently, we are seeing the formation of multiple bearish candlesticks in the 4H chart. So, this gives us a moderate bearish bias. If this bearish price action persists, traders can consider selling...
Investors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle....
The bullish momentum in GBP/JPY is fading. From the chart, you can see that the price action in the highlighted zone is quite bearish as we have multiple bearish daily candles. So, I would recommend traders to keep an eye on potential sell entries between 174.40-175 with SL above the zone and TP at 167.45
Hello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please...
Hey Everyone, hope you are doing great, GBPJPY expected to drop more this week, let's not miss out on this great opportunity. Like And share and as always thank you for your continuous support means a lot!
GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical...
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum. 2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish...
Technical Overview The GBP/JPY currency pair showed a bullish-harami candlestick pattern on Friday, which resulted in consecutive positive gains. This pattern was further confirmed by Monday's price action. The pair initially reached a low of 168.86 but quickly rebounded and surged towards 170.49. Currently, the GBP/JPY is trading at 170.47 as of writing.
GBP-JPY is trading in an uptrend And the pair has formed a bullish pennant So I am bullish biased and we have seen that A bullish breakout that will be a sign for us To go long on the pair !