As you may know, JXY movement is related to xxxJPY price.
From H4 timeframe, we can see that JXY got breakout from strong support and below EMA 200 to downside. Meaning we only look for BUY xxxJPY only.
For GJ, price just breakout from bullish flag pattern and above EMA200. Up trend is confirmed.
Let's look for BUY entry in smaller time frame
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FX:GBPJPY
The Weekly, Daily, and the 4H timeframes are moving in the same bullish direction meaning that we should be looking for buys. As we can see price moved to the upside and made a pullback after hitting the 185.113 weekly resistance area making a pullback. I will be looking to buy at the 184.222 daily support zone and entries will be based on rejections...
Hi Friends!
Let’s analyses this pair from multi time frame.
JXY Weekly : Japanese Yen Index is getting rejection at strong Weekly support. Meaning, there will be a SELL pressure for all JPY related pair.
GJ H1 : Price did breakout from multi top pattern. Let’s wait for the re-test and look for SELL opportunities.
FX:GBPJPY OANDA:GBPJPY ...
FX:GBPJPY can be seen bouncing off the daily zone for the 3rd time. Will this trigger a bearish move?
My opinion, if the most recent low (@183.107) is broken and retested then I'd go in for a short but until then, keeping my fingers crossed
#GBPJPY
Do your due diligence, past results does not guarantee future results
FX:GBPJPY
Overall structure based on the 4h,1H and daily is bullish. price broke countertrend structure on the 15min, made a retest and formed a double bottom on the 5min as entry confirmation
Hey guys, FX:GBPJPY has created a 4hour running flat with a fantastic impulse/correction flag on the lower degree 1hour time frame.
The bearish structure of the running flat combined with the lower degree bearish structure gives a lot of indication of another bearish trend continuation move!
The market tested the resistance zone, and it was rejected. FX:GBPJPY fell from the resistance zone and broke through the upward channel. The price is in a range, forming a small channel. I think that most likely, the price will make an impulse leg down and break through this range zone. I am waiting for the price to bounce off the strong resistance zone at...
FX:GBPJPY #GBPJPY
Next week is a holiday for United Kingdom like a Christmas, Boxing Day and New Year's Day, So I forecast GBP and EUR pairs will run in sideway trend not much moving like last week.
Thank You.
FX:GBPJPY
GBPJPY created two rejections at the 0.5 fib
before giving us a pullback. With the multiple rejections at the lows, this could be a micro level of support. Let's see if the uptrend will continue from here.
If price fails to maintain the uptrend, well, wait for a break and retest of support before taking the entry.
Higher context idea, this is only my view. we might see 169 FX:GBPJPY
Trade at your own risk. For swing traders wait on that zone or you short it,.
but higher stoploss on shorting on this idea.
FOllow for more swing idea on forex market.
Dear Traders,
FX:GBPJPY price consolidated and it is time to extract from that consolidation phase, we are now targeting 190 price region which will be crucial to look around that area. Entry now with accurate stop loss can be a good option to buy swing and take advantage this trade.
trade smart not emotionally,
FX:GBPJPY
GBPJPY just gave an impulse retesting the lows. If price holds at this are we could see a rates the the trend line.
We could also see a lower low before this pullback happens.
FX:GBPJPY recovered some ground, but it remains trading with losses of 0.31%, late in the North American session, due to risk-off impulse as investors slashed bets the US Federal Reserve would cut rates as aggressively as traders expected. The cross-pair is trading at 185.86 after hitting a daily high of 186.54.
The pair dipped to a nine-day low at 185.08 before...
FX:GBPJPY is forming a set-up within the ascending channel, which predicts the continuation of the trend, but for this the price needs to overcome the resistance at 188.28.
On D1 we can see that fundamentally and technically the national currency of Great Britain looks much stronger than the Japanese currency, although Tokyo has been trying hard to strengthen...
FX:GBPJPY
Overall structure based on the weekly, daily, 4h and 1h, hence i have a bullish bias on GBPJPY. Price was countertrending and eventually broke and closed above 187.275 1H key support area and also broke countertrend structure and made a retest what is now 187.275 1h key support area. a bullish engulfing candlestick on the 30min and also a double bottom...
The FX:GBPJPY retreats on Tuesday by more than 0.20%, as the Japanese Yen (JPY) appreciated further against most G8 FX currencies. Market participants estimate that central banks in developed countries would cut rates, boosting the appetite for the Yen's safe-haven status and Gold. Therefore, the pair is trading at 187.24 after hitting a daily high of...
