GBPJPY pared most of its gains made yesterday on Pound sterling weakness. GBP surged above the 1.15000 level after UK CPI data. It jumped to 6.3% on a yearly basis from 6.2% earlier.
Price currently ranging in between a small structure after a breakout of the major resistance at 166.317. now if price makes a breakout of its recent high in that structure then it could continue to push up to the next HTF resistance at 167.928. And if price makes a breakout of the support in that structure at 166.317 then it can continue to come down as a...
Still eyeing off some shorts on GBPJPY, my last area didn't show and resistance so now looking for price to make a move down after slowing down at this consolidation zone, my best area for entry would be another rejection from the top of this zone. Be aware that price is still bullish short term.. So if I take a position I will be aggressive with moving stops to...
#GBPJPY - According to the GBPJPY analysis we gave the previous day, GBPJPY did not move in a DOWN SIDE WAVE. The reason for that was because of a FUNDAMENTALLY JPY WEAKNESS. XXXJPY has been BUYing very fast since last week. - JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became...
GBPJPY surged sharply on the bullish pound sterling. holding above short-term 21-EMA, RSI Testing 70 level if break more up but scope pullback at 70
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press like button if you enjoy this content 😊
While the price is retesting a major resistance zone at 166.306 it also found a recent support at 164.981 & major support at 164.168. Now if price continues to respect the recent support zone and makes a break & close above the major resistance zone then it could continue to push all the way up to the next major resistance zone on HTF at 167.923.
GBPJPY 4H : has opened with a gbp and on the first session, it has formed a strong bullish engulfer. Daily: Resistance is broken and retested a couple of times. Weekly: A bullish engulfer formed the previous week and this week opened with a gap. Trend: Long-term trend is up A possible buy trade is highly probable
This is for short term. Please do research berfore entering the trade
GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
We have spotted a potential head and shoulders on GBPJPY, we expect to see a drop in price to 164.400. Let’s get ready for the dip yeah!? NB|USE PROPER RISK MANAGEMENT ENTRY PRICE:165.800 STOPLOSS:166.500 TAKE PROFIT:164.400
GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129. However if price respects the recent support and makes a break & closes abpve the high...
GBP/JPY has failed to break the local resistance at 166.31 and currently, price has pulled back quite strongly from the key level. We could see more fall in GBP/JPY if the current trend persists. I would be looking to sell if price reaches the resistance level and target the 162.70 level as my TP
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 traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press like button if you enjoy this content 😊
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.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press like button if you enjoy this content 😊