Hello traders, Next week BOJ and BOE have important news for us. Those news could devaluate our analysis. NOTE: Entry, SL and TP will be announced in case of breaking the bullish trend-line
Short term potential swing trade. Targetting 1:2 RR. Numerics trading plan and system confirmation forward testing. Long Position: GBPJPY +8 points -75.40% After interest rate figures announced. No change in Fed funds rate.
Greetings Fellow Traders: We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance... It did hold pretty well... But wow factor is that we mentioned 172.87 as our Target 🎯 And rest you can see by yourself Congratulations to those who took benefit out of this analysis
GBPJPY is approaching a solid confluence area in the neighborhood of our R1 Pivot. The target will be 167.75 for a 5R trade. Good luck! ~ Happy Trading, Cheers! 💰
Today's trade on GBPJPY is a SELL. Following yesterday's bearish price action, we may continue to see more selling pressure to our target level of 167.65 level. Using the PIVOT POINTS, our trade entry is at 169.618 level, which is today's main pivot.... for a 4:1 reward to risk. Goodluck! ~Happy Trading, Cheers! 💰
Analysis and price points of interest on chart. Higher time frame bearish after an impulsive fundamental drop. We could potentially see a large retest fading out the yen strength we saw last week. Any resistance created could provide sell opportunities going with the trend. Further confirmations required (resistance, break of range, engulfing bearish candles).
GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
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After we broke out of the consolidation-Zone, we have a Point of interest between 163.250-163-500 where we can find a potential Sell next week. Entry: 163.230 SL: 163.505 OR 163.700 TP1: 161.885 (3% if you use 163.700) TP2: 160.000 Please like and comment what you think!
Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short set-up from 163.750 Confluences: - Bearish market structure (LLs and LHs being printed) - Double top rejection (current 4H rejection candle indicating further downside)
Looking to short GJ from 164.500 Confluences: - Bearish market structure ( trend changing as LL was created) - Retest of 164.500 required for further downside. - This area coincides with unr-retested key levels
FX:GBPJPY The monthly chart shows that British Pound very probably will increase in value against the Japanese Yen. As we can see in May the price consolidated and closed above the resistance. In June we can expect the candle to form a bottom wick and continue to go up to fill the wick of April, once it exceeds April's high, it has a free traffic until...
Pound looking to make a break for it. Stops to BE once resistance is broken.
Watch how price responds to the diagonal levels and the horizontal level. I am looking for a breakout candle to close above the horizontal level first. Next, I am looking for a candlestick to close above the diagonal trend line line. If price closes above the diagonal trend line, then I will consider a long entry.
This most recent week, we saw GBP/JPY following the same bearish direction as the previous three weeks, with its strongest impulse happening during Wednesday's New York session. When looking at the weekly time frame, this pair has been in an uptrend. However, it is fast approaching a breakout of this upwards trendline, which has held prices up for the past couple...
After waiting for price to enter my 1H Point of interest it has finally made contact and showing willingness to make a bullish move... I'm expecting price to make a retest before rallying to the upside to break the higher time frame high... Cheers Mates 🥂🇿🇼