Short From: 172.517 Stop level : 172.659 TP 171.612 Dear Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Since the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172. However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168. At this moment GbpJpy is trading near resistance and is in a consolidation. Short-term support lies at 171.50 and a break under this support...
GBP/JPY has pulled back from the resistance level. Along with this, we also have the formation of a bearish candlestick in the resistance level thus leading to a potential double top. So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50 levels as long as the resistance level stays unbreached. My recommendation is to sell...
Price ultimately made a liquidity sweep after a long bullish market, this sweep also created a supply zone. The liquidity wipe out massively declined and mitigated the immediate demand region, we’re in a bearish market. Anticipating the market to give us a much clearer entry by providing a minor pullback to the supply zone which perfectly resonates with the 30m...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel Impulse Correction Completed " 1234 " Impulsive Wave RSI - Divergence Break of Structure Symmetrical Triangle in STF with the Breakout of the Upper Trend Line
🔆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...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is currently retesting a quite obvious previous weekly resistance area at the 172 JPY level which is now turned resistance again. You can also see that as we are speaking, GbpJpy is creating bullish weekly market structure,...
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.
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.
since gbpkpy os forming a lowerhigh on my bigger time frame and this high is holding ill be looking for a sell at this level just waiting on bearish confitmation on the 15 min and the 1hr just for a little bit more conviction make sure you keep eyes on this and most likely other yen pairs im looking for yen strength today as long as thes highs hold
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 !
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.
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.
looking at the fibo extension from wave 1 to wave 2, then wave 3 should be at least the same as wave 1. with the possibility that wave 3 is at least the same as wave 1 then there is a high probability that the price will continue to be bullish after the correction ends. this analysis fails if the price drops more than the invalid line
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price took sell stop liquidity and rejected from imbalance + institutional big figure 168.000. Like, comment and subscribe to be in touch with my content!
Here is my view for GBPJPY on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Technical Overview The price is moving now within the 0.5 and 0.618 frames of the fibonacci retracement. Anticipate short-term uptrend continuation Plan trade in the intro
The GBP/JPY achieved three days of losses, though buyers are moving in as the Asian Pacific session begins. After hitting a weekly low of 168.05, the GBP/JPY bounced off, is trading at around 168.85, and gains 0.07% as it’s approaching the 169.00 figure. BUY GBPJPY zone 170.00 - 170.20 SL: 169.80 TP: 171.25