Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just recently perfectly retested and already rejected a quite obvious uptrendline which we had exactly at the 185.5 area. You can also see that we are currently retesting previous resistance at the 165 area, however weekly...
Patience and risk management is the key .Consider these levels and enter trade after market shift
I am looking for a long on GBPJPY at lower time frames and after a retracement, we can see a good drop to deeper levels minimum of around 148😊 📌DO NOT short to target I mentioned because the price can go upper easily. wait to receive the price for the mentioned area
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The GBPJPY pair ended its recent bullish rally by achieving some gains and reaching 166.40, followed by Diving bearishly towards 162.75, hinting its surrender to the stability of the major barrier around 166, which will hinder the attempts to resume the bullish attack in the near term and medium term period. Also, stochastic exit from the overbought areas will...
TLDR plan - go long off a bounce at previous support around 161 to test previous highs of 169.3 and then perhaps a runner up if a break of pysch level 170 to test the top 172.2. GJ continues to be ranging between 164 and 158 or lower bound 156. After the recent rejection of 166 we feel that there could be a convincing push up from a bounce of 161 following last...
Looking on the four hour chart. Pull back from resistance level could be forming a possible double bottom on a previously tested support line. Keeping an eye on the close of the 4HR candle if it closes within the zone I will be looking to go long on GBPJPY finding an entry on a smaller time frame. If it breaks through the support I will then look for a pullback...
Welcome . British pound against the yen. in a very negative state. With the price reaching the strong resistance 164.500, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. There is a lot of pressure from the sellers to bring the market down. To 160,000 levels in the first stage. And level 158.000 good luck....
GBPJPY has failed to hold below 164.38 which failed my bearish conditions and has changed my view on the price movement. GBPJPY has been bullish for the past 1 week and I think it is consolidating so it can move higher and at this point, I am bullish biased on this pair and would recommend everyone look out for buying opportunities at 164.00 - 163.70 region. 👉...
I will be looking to catch what i think is the last swing before the drop
🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ 1: ✨ Eagle Eye: Although the trend is extremely bearish, the current move is showing a lower high, which may indicate a potential shift towards a bullish trend. 2: 📆 Monthly: There is a clear bullish trend at the monthly level, with consecutive monthly lows being protected. 3: 📅 Weekly: A deep corrective move just...
Yo, i'm Yakuza. Small time frame chart. 1st R- 166., 2st R- 170. keeping my longs from 155 to 170. Bulls have time till end of aprill when New BoJ president maybe start tightening policy which is good for JPY.
During early Friday, the GBP/JPY bulls attacked the previous monthly high and refreshed the multi-day top by picking up bids around 164.80, despite the downbeat expectations of Japan inflation numbers. The latest run-up of the cross-currency pair can be attributed to the optimistic sentiment, even though the yields are still slow. It should be noted that no...
Hello traders! ‼️ This is my perspective on GBPJPY . Technical analysis: Here I see price to continue the retracement to fill the imbalance higher, as well to take all possible buy stop liquidity. I look for a short if price rejects from bearish order block + institutional big figure 165.000. Like, comment and subscribe to be in touch with my content!
GBPJPY - 24h expiry - We look to Buy at 161.85 (stop at 160.90) Previous resistance level of 161.85 broken. Short term bias has turned positive. We are trading at overbought extremes. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 164.05 and...
HEY EVERYONE, GBPJPY has been bullish since last week sells off where price touched down the discounted price zone where it rejected and currently heading towards to make yearly high. It is possible due to GBP; continues to shows strong bullish momentum and where JPY is tumbling and showing no size of bullish behaviour. Last week selling has been recovered and...
GBPJPY In low curve buyers showing strength Now , We can take a trade on this Demand Area and, Hold the nested Supply Area in H4 location area.
The GBPJPY is approaching the upper bound of the downward trend channel which I believe might turn bearish at 162.46 - 162.75 region or it would breakout of the channel. 1. I believe price is currently unfolding wave 5 2. We can see divergence between price showing higher low while MACD and RSI are shown lower low I am still bearish bias overall until price...