GBPJPY is a buy, you can buy now or wait till the 1hr stick closes for stronger confirmation
Price currently facing rejection after retesting a major key zone on HTF at 165.072 & also facing very recent support at 163.414 while moving in a short tf uptrendline. now if price closes below the recent support then it would be breaking out of the recent uptrendline & price might continue to push down to the next support zone at 161.951 or al the way down to...
As discussed yesterday, GJ formed a double bottom , it has formed its first leg and made a retest, it has now formed a smaller structure double bottom at 50ema support, we should see some good buys now for second leg
GJ moved up 990 pips since Wednesday reversal entry at 155.250. We are at a resistance now, and possibly at the 3rd leg, so we could see a further push-up today with news, or have a strong retrace on the 4hr tf. If we go up to the next zone as marked, we could see a reversal or continuation tomorrow during New York session. Be cautious with news, don't be hasty
This morning during London session, I gave a buy signal on gj. We are currently up 160 pip, and looking to hit tp at 164.357 @ 195pips. Follow me for more and give a boost to show some love for these fire entries!!
GBPJPY has created a fresh zone. Don't trade in this zone Buy above 163.15 and sell below 162.14.
We can see the upwards trend on GJ is slowing down, I'm looking for a tap of session high and BOS and entering in for a short down to session low.
Daily GBPJPY retest of 200ema, possible strong sell. If the daily candle ends bearish we will expect sells from Monday. We could even look for sells today, as I have
Uptrend-Consolidation-Uptrend. GBP/JPY perfectly respected the market structure and continued te uptrend.
Finally played out with our forecast. We waited a couple of days because the market was choppy, either way TRUST YOUR ANALYSIS AND FORECAST.
Price went up 496 pips from yesterday's entry at 155.250 with zero threat to my trade from entry.
Looking at a potential buy here, price action indicates price is waiting to pop like a coiled spring, however it is end of month so stay safe. 0.5% risk.
G/J has been amazing after taking liquidity on a demand zone fake out, price started an amazing uptrend!
GJ it's totally bearish at 4h time frame so I'm looking for sells. I need to see a confirmation on the OB to put my order.
I'm staying clear and far away from any GBP related pairs, due to the statements made by the IMF. I don't really care about moodys (I'm in the research process of them, due to finding out that Berkshire Hathaway actually has a stake in moodys). How the country is reacting to Russia, lizzys death and new leadership is allowing me to watch and wait.
GBPJPY has dropped from resistance on 4hr, giving me a 90 pip drop from entry, booked profits leaving runners to next zone