The Breakout: Witness the decisive moment when EUR/JPY makes a significant move below the neckline, confirming the double top pattern. Elevated trading volumes amplify the bearish sentiment, creating a backdrop for the unfolding drama. The Retest: Step into the post-breakout atmosphere as the price retraces, revisiting the neckline, now transformed into a...
With safe haven currencies pulling in the most buyers this week, including the yen and the US dollar, what will happen to the USD/JPY and the GBP/JPY leading up to, and after, the Interest Rate Decision due from the Bank of Japan on Friday? Markets will likely be watching this decision super closely regardless of their expectation for the BoJ to leave interest...
Its trading in a range . As always i am sharing both trade plans for safer entry and exit. Please follow with strict discipline and enjoy safe trading daily :)
upgrade from my GJ analysis , exactly what I have predicted to the downside . will continue until it have to bounce from trendline or support line. Thanks for reading!
Looking for this pair to reverse off one of the key levels and then continue the uptrend!
Double top rejection. expecting valid double top if the price break current support. look for short when it break.
GBPJPY has broken south of the upwards channel, giving us an even strong signal to the downside. 1. Daily RSI in sell zone 2. Up trend line broken south. 3. Strong bear candle close. 4. Large time frame still bearish. Look to enter near backside of up trend line. (Past support becomes new resistance) Entry 1 @ 136.75 Entry 2 @ 137.20 TP 1 @ 133.60 TP 2 @...
RSI Divergence as price going up GBPJPY Bearish signs
Documenting my trade this morning. This is what I'm starting to watch for more & more
GBPJPY is more likely to continue in bullish trend. First check out the candlestick in H4 & Daily when it closed & passed the resistance line. Thats your confirmation. Good luck everyone
After an astonishing 1,000 pip Bearish wave to the Downside & a 800 pip Bullish Corrective wave to the upside, GPYJPY is showing a promising opportunity for a Short. Market Structure Forming a Double-Top "M" Pattern on the H4 Time-frame & New Supply Zone. See the Candle-Stick Break towards the Downside & Retest of the 20 Exponential Moving Average to imply the...
Hi guys here is what I see at the moment pound yen could either hit long strong with a great rr or hit short where then I would wait and see what happens let me know what you think Cheers Kris
seeing a bit of accumulation we could see a small fall to RISE setting the motion for uptrend for maybe the entire week im expecting profit release to be to the upside