This is a video explaining my previous screenshot On the higher time frame, the #GBPJPY exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, we want to lookout for specifically, a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation...
On the higher time frame, the GBPJPY displays a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes (15m - 5m), we should closely monitor specific price action patterns. Look for signs of a double bottom setup followed by a break below the previous lows. Anticipate a robust rally and subsequently, a higher low...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Completed " 123 " Impulsive Waves Break of Structure Rejection from Fibonacci Level - 261.8%
Hello traders here is my analysis for the GBPJPY, as you can see the price has been on a bullish trend for the past weeks and months but you can also see that it has reached a higher trend line and there are more chances that the price can reverse from now on to a bearish trend so now I will wait and look for reversing pattern so I can ride this trend downwards.
Good Morning guys, I just not to long ago closed this buy on GBPJPY - I Took the trade yesterday evening and held it (during the Asian session overnight) I just woke up Let me explain why I took this trade These are my confirmations\questions > Question 1 - Was GBPJPY in momentum (bullish or bearish)? Yes, GBPJPY was in bullish Momentum at the time of me...
OANDA:GBPJPY rotated on Wednesday, marking in a slight new high for the week as the Pound Sterling (GBP) gets a leg up from a broad-market pullback in the Japanese Yen (JPY). Bank of England (BoE) policymaker Swati Dhingra noted on Wednesday that the outlook for UK inflation remains bumpy, but downwards, noting that UK consumption still remains below...
GBP/JPY appears poised for a bearish move on the 4-hour timeframe, exhibiting a reversal pattern with both a rising wedge and a double top formation. Additionally, the completion of the Elliott Wave 5th wave suggests further downside potential. Traders may consider entering short positions upon the breakout of the rising wedge and a breach of key support levels...
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.
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line RSI - Divergence Break of Structure and Completed the Retracement Completed " 1234 " Impulsive Waves
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.
Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBP has been weak since late yesterday and has steadily sold off and this sell off has been accelerated by the CPI miss this morning at 07:00 where the expected CPI reading of 4.1% missed by .1%. GBP has sold off aggresively since and there no sign that this sell off has finished. I'm SHORT GBP/JPY where price is breaking down support at 188.94. There's quite a...
GBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement. Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point...
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 my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ. Keep in touch! Traders, if you liked my idea or if you...
#GBPJPY downtrend pauses with a shift in the trend. Theres a potential buy opportunity if price breaks the previous high and retraces giving us a bullish break of market structure. Remember, trading is risky. This is just my opinion, not financial advice.
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.
GBP-JPY is going up now But a strong horizontal Resistance is ahead at 188.74 So after the price hits the Level a local move down Is to be expected !