Hi, as you can see GJ is at the Top to make big double top then move to the downside for minimum 350 pip and maximum 580 pips to reach the start of big impulse. i based my analyses on Market Structure and Patterns, as you can GJ come to the top in a way of correction and it made rising wedge that indicated GJ is certainly to move to the downside. THIS IS JUST...
Possible break back in area for a 100 pip push up.
GBPJPY tried to break further into 131, but failed and was met with a lot of resistance. Therefore, it will start the downtrend.
Welcome , everyone! After the sharp Uptrend the GBP/JPY price has been moving inside the Downward channel. At the moment , there is no predispositions for the price to break the channel , so we expect it to slightly fall.
Hi traders. The price for the Pound is no longer supported by the support level, this level is broken! The price will continue to fall in the downtrend and reach the minimum values. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
beautiful week ahead! plenty of opportunity across all pairs as the next two weeks will be very volatile. stay up to date & keep an eye on those charts and wishing the best to all anticipate - react - execute cheers
Note: Idea is to complement your research. Check comments section for future updates on idea. ike this idea? Like, Share, Follow (...) Thank you and Happy trading.
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
Hi traders, GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys. As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance. On the 4 hour...
This close of the daily candle could expose the price more to the upside. I like this looks good.
Here is where I found the high possibility zone to trade short on GBPJPY.
GBPJPY showed a sudden, strong upward move some hours back, but the upward move seems to have lost strength around the current levels of 132.950, which is a strong resistance level for the 1H chart. I see this pair now entering a consolidation channel, hovering between 132.950 and 132.750 levels. I would go short on this pair for the near term, placing a take...
As can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.