GBPJPY pared most of its gains on the strong yen. Technically in the daily chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 EMA (159.45).
GBPJPY is pulling back to the resistance zone after a sell off. Price action is moving in a descending channel and it's likely to test the resistance level. Again look left structure leaves clues. We expect test resistance level and higher border of the channel which acts as trendline. ------------------- Share your opinion in the comments and support the...
GBPJPY is consolidating after a sell off. The market created a box. Price action usually pauses before breaking out and going further down. We expect test support levels. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPJPY has rejected the resistance level. We could see some pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GBP_JPY Break trendline, And a move down towards the target 1 or 2 SHORT
we have previously shared our analysis for pound yen where we expected a drop from 164.200. we are closing our sell positions now with 400+ pips and placing buys from 159.670 SL & TP are shown on the chart. please use proper risk management and remember it's a long-term trade that could take up to 1-2 months.
GBP_JPY Continues bearish, pullback and a move down towards the target 1 or 2 SHORT
GBPJPY has formed another bearish engulfing pattern after breaking down from a symmetrical triangle pattern. The price is showing another possibility of a drop from this level as the price has just started a local downtrend and drop to monthly support.
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.
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.
GJ ( 4H) Has formed a head & shoulder on the monthly resistance and has broken down. As the monthly close, the price shows a reversal pattern likely to drop to the monthly support zone. On the test of the neckline of head & shoulder, we may sell!! If you like the idea,give a thumbs up and follow :)
Trend: Bearish Candles: Three White Soldiers. Support & Resistance: Price moves up after testing the support. Fibbonaci Retracment: Tp is set to 0.5 fib levels.
GBPJPY pared most of its gains made yesterday after the Fed monetary policy pair is holding below short-term 21-EMA, above 55 EMA, and long-term 200 EMA (164.17)
Trend: Overall Bearish Trend Candle Sticks: Shooting star at the recent LH. Resistance: 4h Resistance Level Parallel Ascending Channel: Break Fib Retracement: The current price is at 0.5 of the previous bearish rally. Reasoning: 0.5 Fib retracement, channel breakout, and shooting star indicate that price will likely go down from here.
20th July key reversal bar made a new high closed in the middle. 21st July daily bar is insurance bar broker key reversal bar low confirmed weakness ahead. 165.60-70 highly supply zone for short if price test the supply zone may add further risk for short trade with stop loss 166.50 and target 161.95.
Since the 168.50 top reached in April, GbpJpy has started to trade in a range with a bottom around 160 zone. Now the pair is approaching the higher boundary of the range and this can offer a good opportunity for bears. Also, the rise from 162 is a rising wedge that can be a signal that bulls are getting tired. Selling around 168 can have a good 1:3 R: R and a new...
#GBPJPY Currently, GBPJPY is going up slightly due to MARKET RISK ON. We expect GBPJPY to wave UP again. Anyway, that PRICE can fall on the SUPPORT LINE below GBPJPY again. But now GBPJPY PRICE can go UPSIDE MARKET. GBPJPY can definitely SELL at 160.097 LEVEL. For that, MARKET RISK should be OFF and JPY should be STRONG in the short term. But we can BUY...
we believe that the price is repeating itself in a bigger scale and it's time to go to 159.00 before flying again to 172.000 level . sell now. use the SL & TP shown on the chart