We think this pair will make an up move at this point and we believe the potential target price of 153.400 as the place where it will go. Before that move, the price may retrace to the blue trend-line marked on the chart or at the minor support of 150.900.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely...
For this pair we have to study the price structure at the resistance area of 152.000. There are 2 working scenarios here for us: the first one, the price breaks the resistance area and consolidates above which means that it will continue the uptrend and the second one is a sharp reversal which would mean that the price can break the low at 149.025 or reach at...
The chart would speak for itself in my opinion.
As seen in previous sessions we can see that price stays perfectly in range of the
S&R in the downtrend.
Below on the Daily timeframe we can see that price failed to stay above the Daily support and it basicly have to cool down again
No Advice just my personal idea
Trade...
As we forecasted in our last analysis, GBPJPY made a down move on February 25th and it is now slowly crawling its way up to make a new top. Right now its consolidating in one of the support areas so, we expect at least one more push to the top. However, because of the sharp reversal at the 150.430 price, we can expect a down move that would at least reach the blue...
2min forecast on GJ potential this week. There is some great PA developing. Monday and Tuesday I will wait to see what develops before i look to execute my trades on the lower time frames.
GBPJPY continued the uptrend that started in March 2020. It passed through the weekly resistance area at 147,93 that marked the top of the structure in December 2019. The price structure tells us that it will go higher but we advise caution because it’s an overextended move that needs to correct at some point before heading up again. Important structures to watch...
The cross has been moving in a weekly uptrend from March 2020. It has a big correction lasting from April to May 2020 and 2 sharp ones in June and September of 2020. As we can see from the chart, we are expecting a retracement to the blue trendline before going up and breaking the top again, touching the weekly resistance area. The bigger picture for this pair is...
Squeeze em up ? I dunno. GBP Pound has been bullish a while now. Bullish til it's not?
Lock em down, UK restrictions are bullish for currency. Chart just looks bullish too as I believe UK does better during times calling upon fiscal creativity.
There are possibility for the prices to make a breakout if a prices successfully break a resistance level and make a retests.
Any thought?Feel free to share with us.
Whats Up! Mr. Pipzz back here with another analysis
These are my thoughts for GBPJPY this week.
I can see the market pulling into either direction. So, I've identified a few key targets for both the bulls and the bears.
Not going to over explain, I'm just getting straight to the point. This week started off extremely bearish following a pullback to a small,...
[b ]Whats Up Traders!
I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting...
GBPJPY has continued its bullish movement to the upside.
See link below.
DISCLAIMER:
This MUST NOT be taken as a trading signal.
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The head and shoulders pattern is almost complete (ALMOST!!) BUT we are still seeing some possible entry points into the market. The head and shoulders pattern will be complete once the price comes back down to the neckline and we can then expect a breakout move to the downside.
On this chart we see 2 possible entry levels into the market :
1 ) At this 136.60...
