Saw a drop of more than 0.20%, with the Japanese Yen gaining strength against major currencies. Despite the pair's overall uptrend, recent price action has formed a 'double top' pattern, suggesting further confirmation is needed, with the price breaking below 184.46. Conversely, a move above the November 28 daily high of 187.87 could set the stage for the pair to...
This is for short term Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower to take liquidity below equal lows and then to reject from bullish order block + institutional big figure 186.000. Like, comment and subscribe to be in...
⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: According to the DOWN theory, the price has formed a very beautiful H1 chart. Supports the upcoming DOWN trend ⭐️ SET UP GBPJPY PRICE: 🔥SELL GBP/JPY zone: 187.100 - 187.250 SL 187.600 TP1: 186.800 TP2: 186.500 TP3: 186.200 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further in the short term.
my forecast for GBPJPY after Breakout to go down, do you want to enter?
The FX:GBPJPY retreats on Tuesday by more than 0.20%, as the Japanese Yen (JPY) appreciated further against most G8 FX currencies. Market participants estimate that central banks in developed countries would cut rates, boosting the appetite for the Yen's safe-haven status and Gold. Therefore, the pair is trading at 187.24 after hitting a daily high of...
GBPJPY forecast to down or to up, i will wait the breakout to have good entry
GBP/USD is trading near the 1.2600 level, sustaining its recovery post the mixed U.S. PMI data on Black Friday. The pair is strengthened by a weaker U.S. Dollar and robust UK PMI data released on Thursday. Thin trading conditions may amplify GBP/USD price action. The Relative Strength Index (RSI) on the 4-hour chart comfortably stays above 50 on Friday, and...
This trade setup is based on the MONTHLY charts. This is a SWING TRADE idea, assuming we reach the entry point. I anticipate the JPY's will gain strength in early December. Share your thoughts and ideas. See below 👇 for more information. The Professor
The GBP/USD exchange rate is trading closely around the 1.2540 level after experiencing a short-term surge to its highest point in 10 weeks, driven by an unexpected uptick in the UK Purchasing Managers' Index (PMI) data on Thursday. The pair spent the latter part of the trading day navigating through a significantly restricted market due to subdued Thanksgiving...
It is moving in a descending channel, which has already corrected 61.8 of the previous wave and if confirmed, it will be within the range until the bottom of the descending channel re-enters the TB trade. Therefore, you can wait for a pullback to the 186.750 area or a candle to confirm the continuation of the downward trend.
The GBP/USD pair maintains a positive trend for the fourth consecutive day, trading around the 1.2535-1.2540 range in the Asian session, just below the highest level since September 9 touched the previous day. The immediate resistance at 1.2550 is seen against GBP/USD before 1.2600 (Fibonacci 50% retracement level from the July-October downtrend) and 1.2670...
GBP/USD closed positively for the third consecutive trading day on Tuesday, reaching its highest level since early September at $1.2560. While experiencing a slight pullback on Wednesday, the pair remains above the $1.2500 mark. UK Chancellor of the Exchequer, Jeremy Hunt, is set to unveil the autumn budget report in the late session. Hunt is expected to announce...
Today, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe: 14:00: Switzerland's October trade balance data 17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
GBP/USD saw an increase on Tuesday as the British Pound outperformed following hawkish comments from officials at the Bank of England. The currency pair is holding firm above the 1.2500 level despite the U.S. Dollar's adjustment. The level at 1.2550 (static level) is considered immediate resistance for GBP/USD, preceding 1.2600 (Fibonacci 50% retracement level...
The GBP/USD pair garnered buying interest during the Asian trading session on Monday, reaching a three-day high around the 1.2470 region. Despite this, the spot price remains below the key resistance of the 100-day Simple Moving Average (SMA) near the psychological level of 1.2500 and the two-month high touched last week. The US Dollar (USD) struggles to register...