HELLO TRADERS
I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term...
The GBP/JPY currency pair is currently in a volatile state, influenced by contrasting policy expectations from the Bank of England (BoE) and the Bank of Japan (BoJ). While the BoE is likely to maintain its benchmark interest rate, the BoJ may adjust its yield curve control policy, lending support to the Yen. Technical indicators suggest a bearish outlook for the...
The GBP/JPY pair is trading in a sideways pattern, hovering just above the 183.00 level. JPY’s underperformance and the BoJ’s dovish stance are significant factors. On the UK front, the potential pause in interest rate hikes by the BoE due to emerging recession fears, coupled with technical indicators pointing at a potential bearish momentum for the Yen, suggests...
The GBP/JPY pair remains bullish in the short-term perspective as shown by the daily chart. The Relative Strength Index (RSI) has surged past the midpoint, indicating a bullish tilt, and the Moving Average Convergence Divergence (MACD) records subtle red bars, signaling an ebbing selling pressure. The pair is strongly positioned above the 100-day and 200-day SMAs,...
As i can see this pair make a fake break out and Thursday it was closed under a resistances when Bexit deal was announced
Bexit deal is done but UK is leaving EU which is fundamentally not good for UK economy and we are selling this pair with a a small risk
and looking for higher rewards Friend push like and support the idea it will help us and alote of other...
This is my short idea that is soon to reach entry price.
I expect another push down past the first bearish move today.
If you like this idea please follow for more currency and commodity trade ideas.
# False breakout @ support
# Yesterday's candle pinned support
# The last candle on H4 also pinned support
Buying at market price 136.336 with
#SL below support @ 135.048 and
# TP just below the 141 mark @ 140.847
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As usual don't bet the farm. Good risk...
# Downward trend line indicating lower highs
# Sell signal printed around the trend line (resistance)
I have sold at market price @ 145.720 with
# SL just above the sell signal (inverted hammer)
# TP lower down around support @ 144.00
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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Price has been in a down trend as indicated by the lower highs and the descending trend line...
After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man)
I am shorting at market price 145.396 and
SL above highs @ 145.766 and
TP lower around support @...
