Here we can see sharkfin on a 4H below 25 i.e. 18 with price action sitting on strong support. We can anticipate a long setup if the PA retest this support and it holds? Thoughts? Can we use TDI Sharkfin on 4H?
The GBPJPY pair lost the positive momentum after stochastic attempt to exit the overbought areas, to rebound bearishly from 161.00 level and settles near 159.90, while the current rebound is considered as a threat to the continuation of the correctional bullish track due to the stability of the additional support at 158.70. Therefore, we will keep waiting to gain...
GJ may reject for the third time in monthly POV since May2022 and also bank of England and Bank of japan policy give some fundamentals idea for going long from significant zone of rejection around 156.000 To find the swing bottom I used the parallel trend channel.
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
GBBJPY was caught in a flag pattern for a few days. As analysed the other day, I still expect buys in this market. Price has broken out of thew pattern, and currently giving a retest. The price should reach 161.790
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.
Here is another potential trade idea on GBPJPY. Price is using the trendline as support and just now, we can see that price has broken through the upper resistance level on a 30 minute / 1 hour chart. It is now retesting this level and is expected to push higher.
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
From a much higher TF price still have the bullish momentum hence the original bullish bias but while waiting if a clear entry is given to short the pair before going with the bulls,we strike That being said hence the double bias analysis on the chart Remember the trend is your friend
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.
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer...
Here is my view for GBPJPY on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello Traders, Hope you all are doing good!! I expect GJ to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve...
GBPJPY potential push upside with great 1:3 risk reward ratio after breaking support/resistance zone back up and retest
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
I see price moving to the FIB Golden zone on the Daily TF which also has the 50 EMA as a resistance in the Golden Zone on Daily TF. Keep this in your Watch List.
Intraday bias in GBP/JPY remains neutral for consolidation above 158.57 temporary low. Further decline is expected as long as 162.24. Break of 158.57 will target 161.8% projection of 172.11 to 163.02 from 169.26 at 154.55 next.
As shown in the chart, base on the daily analysis, price already break the nearest support & fibo 261%. My trade idea is looking for sell to complete the fibo circle 423% then looking for buy opportunity again. Goodluck.