Based on the 4hr timeframe we i tried to analysis GBPJPY movement using Elliott Waves principle. Wave 3rd finished exactly at 161.8 fibonacci expansion level while Wave 4th stopped at 38.2% fibonacci retracement of Wave 3rd. Usually when the 3rd wave stopped at 161.8 fibonacci expansion of Wave 1, the 5th wave length will be the same with the 1st wave. The...
Currently, GBP/JPY is trading at 133.01. The pair is consolidating in the resistance and support ascending triangle wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 133.55, then it may start a new up trend and its...
New Update On GBP/JPY To Catch 400 Pips 1- Broken Down Trend Line 2- Moving Average Crossed To Up Side 3- Previous Broken Res 4- New Supp Area
GBPJPY completed the H&S pattern by breaking the neckline. Now that price has found a new level of support, I'll be looking for price to pullback to retest either the weekly key level which lines up with 38.2% fib level or the neckline which also lines up with 61.8% Fib level
New Update On GBP/JPY +200 Pips New Setup To Catch More Than 300 Pips
Waiting to see if this short can fill up some space down below. At least 24 pips.
Hello Trader, Here is the full analysis of GBPJPY: 1) Monthly - Prices are currently testing monthly support and if it break then it will test the 135.285 level. 2) Daily - We can see a retracement between 23 and 38 levels. 3) Hourly - We can prices are taking support at monthly level. Action With one hour prospect prices seem to be within weekly and...
Currently price rejecting 139.700 region. I'm expecting price to retest around 134.500 - 135.500 before trying to break 140.000
Possible break back in area for a 100 pip push up.
GBPJPY will follow the same trend as GBPUSD. Price will go up then have an extremely nice sell. TRADE GANGGGGGGG
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.
Short opportunity on the Pound pair as well, entry at 133.020 for a 100 pip target.