GBPJPY 4H : has opened with a gbp and on the first session, it has formed a strong bullish engulfer. Daily: Resistance is broken and retested a couple of times. Weekly: A bullish engulfer formed the previous week and this week opened with a gap. Trend: Long-term trend is up A possible buy trade is highly probable
Price made a retest to the support at 164.240 after a breakout of the previous support. now price if continue with furthur bearish move & closes below the support at 164.240 then price could continue pushing down to retest the next support at 163.667. However if price faces strong support at 164.240 then it could continue pushing all the way up to retest the...
GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129. However if price respects the recent support and makes a break & closes abpve the high...
So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 165.963 on htf pov. now price if respects the support at 164.979 & closes above the resistance with further bullish move then it could continue moving up creating higher high while moving in respect to the...
GBPJPY surged drastically and hits a 4-week high on a weak yen. Technically in the 4- hour chart, the pair is holding above short-term 21-EMA, 55 EMA,
So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 166.319. now price if respects the support at 164.979 & continues with further bullish move then it could come up to make a retest at the major resistance while moving in respect to the uptrendline. And if makes a...
GBPJPY is approaching a major resistance zone, which is psychological level as well. Look left. Price action is consolidating on the Daily timeframe. Rejection candles are going to be the best signal to take a trade. We expect some pullback from the psychological level. ------------------- Share your opinion in the comments and support the idea with like....
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press like button if you enjoy this content 😊
hello guys, sometimes I wait for market to take the move then I'll enter; right now the market seems to be in consolidation from few days and I am waiting for good setup to be formed. so Patience is the key to success.
Price already moved about +260 pips long for the day and is retesting a major resistance at 164.656. now price could go for some small retracements to retest 163.494 or 162.672. And if price breaks & closes above the resistance at 164.656, then it can push up all the way to next resistance at 166.180.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press like button if you enjoy this content 😊
Price has a key resistance at 161.527 & a new low at 160.655. Now price if price makes a breakout of recent low then price might continue to push down to major support zone at 159.998 on a higher timframe. However we see about 66 pips rejection from the recent low on gj so a breakout of the resistance could happen if 4hr candle close with a bullish engulfing...
GJ moving in respect to 2 trendlines while getting shrink in between creating a symmetrical pattern. And also price facing major support at 160.858 & resistance at 162.672. if the support is broken which seems very likely now, then price might continue to push down to the next major support at 159.998 or go even further down. And if price respects the support &...
#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY DOWN SIDE WAVE has reached 60 ++ PIPS. MARKETS have moved DOWN SIDE from the same mine we have provided. - JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a...
As the price is retesting the resistance, it needs to make a breakout of the recent high at 162.195 to continue pushing up to 162.652 while respecting 161.505 as its support. A breakout of the support might still lead gj to continue moving in the ranging phase.
GJ is moving in respect with the downtrendline while facing recent resistance at 161.971 & major support at 161.042. Now if gj makes a breakout of the support & previous low at 160.827 then it might push all the way down to retest the major key zone at 159.998 by forming another recent downtrendline.
GJ if breaks out of the current resistance at 161.967 then it might continue pushing up to 162.672 or create new higher high if even breaks out of 162.660. Similarly if gj makes a break & close below the major support at 161.170 then we can look for trades on short side anticipating gj to continue pushing down to retest 160.106 key zone.