GBP/JPY Price Analysis: Technical Outlook The pair has completed a bullish cycle at 193.55 and is going through a corrective reversal with scope for further decline. Bears have been contained so far at the 61.8% Fibonacci retracement of the March rally, but a failure to return above 190.75 would keep the negative structure intact. An AB=CD correction...
Today, October 20, the Japanese government will begin a meeting expected to last almost two months to decide on a number of new policies, including those related to economic stimulus. In particular, opposition parties are proposing economic stimulus measures such as providing 30,000 yen in cash to low- and middle-income households. The meeting is considered...
GBPJPY has been in an uptrend for a while, Both the H4 and H1 confirm this. i havent seen any signs of a reversal approaching.. Price has just strated pulling back and i see this as an opportunity to take more positions
GBPJPY Is presently coming down for a correction after a break of structure (Higher high), Will the price retrace to the Higher high-level @159.000 for BUY continuation or impulse ??? WE REACT TO WHAT WE SEE WATCH OUT 1. Retest on the Higher high 2. Candlestick confirmation 3. Market behavior Kindly, like, comment your thoughts, and follow for more content🙏
Hello Traders -GBPJPY is on 3rd final Impulsive wave. -Daily Closing has been found with broken resistance. -Resistance zone now became a support zone. -H4 Time Frame we are seeing RSI over bought. -Long entry can be taken from the support zone on retests. "GOOD LUCK WITH YOUR GBPJPY TRADE"
Hello Guys -Bullish trend is now on its final 5th wave -Corrective wave has been completed 76% and made a solid rejection for impulse -Looking to buy the pair on retest -Long entry can be taken on smaller time frames -H4 & H1 can be considered for any pattern on retest "HIT LIKE & COMMENT IF YOU FOUND THIS ANALYSIS USEFULL"
Hello Guys -Market Price has reached on a strong Daily Support -Market has Rejected many Times from this area -We have 78% Fibo Level also on this zone -Looking to buy the pair after the breakout of Previous HIGH on H4 -Or we can wait for the Daily Closing to get more confidence & Confirmations. "HIT LIKE & COMMENT IF YOU FOUND THIS ANALYSIS USEFUL"