JAPANESE YEN / BRITISH POUND
Hello, Friends! Anyone who looks at the chart of GBP/JPY today Can tell that bears will win this battle So we are opening a short position! SELL! ✅LIKE AND COMMENT MY IDEAS✅
SESSION 1 RRR 3:1 TF 1H TREND FOLLOWING ANALYSIS Cao Minh Khai ( Kai ) General Risk Warning for CFD Trading CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities , financial indices and other underlying variables, carry a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be...
FX:GBPJPY Hello friends, I think this week's chart could be like this
It's likely that the first 2 coming days will be no trade days given how its month close and month start. All said, we have a green candle close on weekly following up on the prev green candle formed on weekly support. I'll be expecting continuation of the bull structure unless structure changes otherwise.
Hey traders, in the coming week we are monitoring GBPJPY for a selling opportunity around 160.5 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
GBPJPY formed a pennant but we should wait for the break out because it could be bullish or bearish. But I believe that it is still going to go down considering that the last candle that closed was a bearish engulfing candlestick.
Let us see how far market will go. Thank you. Please, like, share and comment.
Base on chart the price will running back to Daily S'n'R, n will continue rally to the S'nR ( TF-H1 or H4). please monitoring together... Happy Trading , n keep Save...
This pair is in a downtrend and approaching a structure level at 161.82. Price could be completing an ABC correction at 161.82 indicating SHORT. Price could break and retest 161.82 price level for bullish continuation. Overall, we have to watch price reaction around 161.82 to determine our next impulse move. I will update this when price gets to that level....
- GBPJPY has layered stops above the market - Price below 50% level - Looking for a run from 160 to 165
if break pennant resistance go long for 167 and 168 If break downside then target is 156 and 152 in extension
GBP FUNDAMENTAL BIAS: WEAK BEARISH 1. Monetary Policy At their May meeting, the BoE delivered on expectations by raising the bank rate by 25bsp to 1.0%. There was an initial hawkish surprise as the vote split was 9-0 (no dissent from Cunliffe) and 3 of the 9 MPC members voted for a 50bsp move at the meeting. However, the hawkish reaction soon faded as it was...
Fundamentally, GBP continues to have a weak outlook. While pairs like JPY thrive as a safe haven currency and do well in risk-off sentiment environment. Technically, clean price action on GJ respecting supply zones and created nice bearish order flow. Take Profit target is a play on sweeping buildup trend line liquidity below. Looking to sell GBPJPY as above.
As we can see a triangle formed on 4h chart and also two blue horizontal line's are the daily support and resistence line's...so we hope that price will go down inshallah...
possible scenario combining Elliot Wave with volume analysis
Bearish Divergence on 15 minute Time Frame Overall trend is downwards Major support level the target
Ranging market, expecting a GBP move to the downside - targeting 4h lows