-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP...
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.
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,...
Hello.
For the opening, smooth downward movements will occur, we will look downwards on the resistance in 1H timeframe.
Pay attention to the news.
🛒 GBPJPY - SHORT 🛒
📈 1h TimeFrame 📈
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🚀 Follow Me
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✅ Random Win Idea ✅
✔️ GBPJPY is expected to fall
✔️ Recommended to consider Selling from the balance and premium level 175.50
Now try to move down with new Sellers.
⚠️SELL the TOPS!!!
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, many GBPJPY Traders are waiting for GBP/JPY to decline.
However, GBP/JPY is on a relentless bullish pursuit.
That being said, if you look at the daily candles in GBP/JPY, the last 10-12
daily candles indicates exhaustion which means when price finally reverses,
the fall would be pretty quick.
So, in case you are holding sells or have sold at...
a bullish trendline has been formed with 3 areas touching, in my opinion the price will rise quite high in the medium term. the initial target is fibo extension 1. where the length of wave 5 is equal to the length of wave 3. the price can be said to be bearish when the price can go down through the bullish trendline. the best option right now is to look for a...
Although I'd prefer a short, I will rather wait to see where market chooses to go.
Disclaimer: Past results does not guarantee future results. All ideas are shared for educational purposes and should not be treated as investment advice
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...
I would like to see the highs getting souped and then a drop to the eq lows outlined in the chart.
We are reaching a huge level in 175.000 and I'd like to see price tap into the level before dropping.
Trade safe
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....
Pair : GBPJPY ( British Pound / Japanese Yen )
Description :
Rising Wedge as an Correction in Long Time Frame
Impulse Correction
HH - HL
Divergence
Break of Structure
Bullish Channel in Short Time Frame
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
Greetings Fellow Traders:
We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance...
It did hold pretty well...
But wow factor is that we mentioned 172.87 as our Target 🎯
And rest you can see by yourself
Congratulations to those who took benefit out of this analysis
Price is currently at the fibo extension of 0.618, coinciding with a possible reversal on H4. I am more inclined to sell as long as price remains inside the blue box, with a small SL placement and TP distance.
