GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support. The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd...
As we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
the monthly : price is fully bullish, we can see that it broke the strong supply and demand zone. weekly; price broke and retraced to the broken supply and demand zone, there are two candles rejecting the zone so I'm expecting a retracement to the downside and then a bullish continuation. daily; The trend is fully bullish there is also a high momentum and we...
after the price breaks the HH, a correction occurs with the price breaking the trendline (dotted blue line) and forming a new LL, most likely it will continue its bearish trend. the bearish trend here is a correction trend, we can expect the price to reach fibo 0.236
wave 3 ends at the fibo extension of 1.618 and currently the price is forming wave 5. which at the end of this weekends at the fibo extension of 0.382. if you see the trend movement that is happening, there is a possibility that there is still a continuance of the bullish trend towards the 0.618 fibo extension which also intersects with the 2.618 fibo extension
Market has been slow in the last few days, a few good moves here and there but generally slow. Hopefully with CPI and Unemployment claims coming out later today, market should pick up. Trade carefully and patiently. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...
after taken liqudity of the buyside and change of character we will see a drop of the price we consider Supply zone an entry point - Trading is probability control your risk management Good luck
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Analysis in accordance with last week's analysis where the price of bearish reached Wave (C). I am still in the positive view of this paar bearish. with the target in the lower SND area and the invalid area as the validation limit of this analysis. If you want to do a short, wait when there is a bearish candle that is quite thick.
Seeing the correction of this pair in the last 3 days has not shown a sign of correction will end. There is a possibility of complex correction with the composition of zig-zag wave. There are several limits where the price will return to bearish if it passes through a particular area.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Currently in bullish trend on H4 and daily, in corrective wave.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Moving in a parallel channel wait of the breakout on either side to get into trade or trade channel trendlines. Manage your risk accordingly.
This pair has been on my watchlist for the past few days and seeing it has broken through the most recent support level 182.015, I would love to see a retest of same level and then a rejection before I take the position. Here was what I posted some few days back Disclaimer: All trade ideas are given for educational purposes and should not be treated as an...
Bullish AB=CD pattern is formed on currency pair GBPJPY and now the trend will be reverseded from D to bullish. Manage your levels accordingly.
As much as I would love to go short on this pair, I feel it is too soon to make that decision. As it stands from my perspective, there are two possibilities and that means until I see a shift in momentum either to the upside above the 185.101 level or downside below the 183.760 level
🚨 GBPJPY HIGH PROBABILITY SELL SETUP SOON 🚨 * Here we can see clearly the next potential move for Pound/Yen in coming hours. * EP(SELL): 183.577 * EP(SELL): 183.293 * TP1: 182.413 * TP2: 182.221 * SL: 184.001 * Keep your eye close on your trading positions. * Happy pip hunting traders. * FXKILLA *