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.
If the price makes a breakout of previous high 162.185 the gj might continue to push up to the key level 162.654 while respecting the uptrenline & the recent low 161.572 as its support.
GBPJPY if is to continue to push up to 164.758, then it needs to respect the uptrendline & the key zone at 159.962 as its support. A breakout of that key zone would be a breakout of the uptrendline leading gj to push down all the way to 157.869.
GBP/JPY sell. Dont risk more than 3% of ur account. Dont forget to riskfree ur order after TP1. * High risk
GJ created a ranging phase from 162.022 to 161.106 which it needs to make a proper breakout of to continue moving in the direction of the breakout as mentioned by the arrows in the chart.
GBP/JPY sell. Dont risk more than 3% of ur account. Dont forget to riskfree ur order after TP1. * High risk
GBPJPY needs to make a breakout of the recent downtrend line to continue pushing up to 162.011
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.
GBPJPY broke and closed below the support level. Look left, the structure leaves clues. Price action is moving in the channel. We might see a sell off. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support
GBPJPY has a ranging phase from 162.673 to 161.249. We're waiting for a break and close above or below the ranging phase to look for further trades in the direction of the breakout on gj as mentioned by the arrows in the chart.
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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.
GBPJPY (4H) has formed a strong bullish engulfer with a liquidity grab from the monthly support zone. At the same time, there is an inverted head & shoulder have formed on the 4H timeframe. This market is long-term bullish and there is a high probability that GBPJPy continues to rise from this zone to continue it's long-term uptrend. Press the like button if you...