WAVE W AND WAVE X HAVE BEEN COMPLETED. We are currently the wave Y of Wave 4 in the higher degree. There is a possibility that entirety of Wave 4 is not a triangle and we could just be forming a WXY pattern. After analysing the pair, we could potentially form a smaller triangle as an X to then give us an Y to the downside taking out previous lows. Let me know...
GBPJPY is in bearish direction recently it broke trend line and retesting it back on the level look for bearish confirmation on lower time frames and enter sell with money management always remember that patience is the key
GBPJPY Intraday - We look to Buy at 164.50 (stop at 163.600) Buying pressure from 162.00 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher....
I have a bullish bias on GJ as the pair has broken the trend line, is at the .5 retacement and has created another higher high. There's some JPY news today, but with market structure, I'm bullish.
My Bias is to the upside on this pair as it's trading above the 50 SMA and has swept the previous lower high. Price is playing around support right now as GBP BOE news is today. We'll see what happens :)
GBPJPY will keep on bullish momentum after being rejected to the H4 trendline and retrace back to the H1 minor trendline,it has formed a pin bar candlestick on the trendline which is the signal of the reversal of the price direction.
#GBPJPY Currently, GBPJPY is going up slightly due to MARKET RISK ON. We expect GBPJPY to wave UP again. Anyway, that PRICE can fall on the SUPPORT LINE below GBPJPY again. But now GBPJPY PRICE can go UPSIDE MARKET. GBPJPY can definitely SELL at 160.097 LEVEL. For that, MARKET RISK should be OFF and JPY should be STRONG in the short term. But we can BUY...
Hey traders, here is the analysis for the GBPJPY. If you guys like my analysis please hit like👍 and follow. Thanks.
Technically in the 4-hour chart, the pair is holding above short-term 21-EMA, 55 EMA GBPJPY trades in a narrow range between 165.19 and 163.56
Hey traders, here is the analysis for the GBPJPY. If you guys like my analysis please hit like👍 and follow. Thanks.
I have a downside bias on this pair as it's in a downtrend on the 4-hour. Would like to see price tap 165, but I'll see what opportunities the markets give this week.
bigger move is on the way supported by corrective and impulse waves 1 hr analysis 15 minutes
Red line is a 1 hour counter trend line, if broke, I hope to see the price come back to the retest zone and then fall to the nearest 4-hour support. Let's see how this plays out
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.
GBPJPY broke and closed above the resistance level at 164.000. We expect a simple "break pullback continuation" trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Bias is to the downside. I see 2 clear support levels, let's see how this plays out.
In 1 hour TF it has formed a triangle shape I have marked the entry points along with the 1 HR TF In 15 Min TF wait for pattern confirmation for entry points Risking/ Reward is 0.084 /3.49 happy hunting guys good luck
Hey traders, here is the analysis for the GBPJPY. If you guys like my analysis please hit like👍 and follow. Thanks.