GBPJPY may rise again from the support area The price has already tested a strong daily support area near 191.40 After the price depreciated by 900 pips by the BOJ intervention which was never accepted by them, we could see GBPJPY rise to at least 195.00 again The BOJ's indifference and small interventions are not supporting the JPY to get stronger. We may...
GBP/JPY is identified at 194.40, suggesting that traders may want to consider initiating a short position at this level, anticipating a downward movement in the currency pair. The take profit levels are set at 193.50, 193.00, and 192.50, indicating key points where traders might consider closing their positions to secure profits as the price declines. These levels...
The GBP/JPY is currently signaling a sell opportunity with its price hovering around 193.40. This level presents an ideal entry point for traders looking to capitalize on potential downward movement in the currency pair. With multiple take profit levels set at 192.50, 193.00, and 192.00, traders can strategically exit their positions at various stages to lock in...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
Key Cautionary Zones Strategic Insights on the GBPJPY and USDJPY! The market is paying attention to what may happen next to the JPY pairs. The BOJ raised interest rates but the impact was insignificant. On the other hand, they commented that the exchange rate was not important in influencing the inflation rate. However, at the same time, it is not clear...
GBPJPY is trading inside the symmetrical triangle . The price is reacting well the support and resistance of symmetrical triangle. Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum target could be 195.800 followed by 198 What you...
Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...
The GBP/JPY currency pair is showing indications of a potential selling opportunity, with a targeted sell zone identified between 191.90 and 193.00. This range represents an area where sellers may consider entering the market, anticipating downward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this sell...
Do we have a potential monster trade opportunity in front of us? If the trend reversal on the higher time frame sticks, we could have an opportunity to get in right at the base of a next major move! In the chat we are looking at a bullish break of market structure. We discuss the trend price action and some concepts around building a position early on in a higher...
GBP/JPY is rising towards the pivot, which has been identified as a pullback resistance, and could reverse to the 1st support. Pivot: 195.45 1st Support: 191.71 1st Resistance: 197.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Traders are closely monitoring the GBP/JPY pair, eyeing a potential buy opportunity as it approaches the buy zone at 194.70. This level signifies a significant support zone where buyers are expected to enter the market with increased activity, potentially driving GBP/JPY prices higher. Traders view this buy zone as an optimal entry point to capitalize on potential...
As you can see the price respected the bullish daily FVG and created the bullish breaker that comes with bullish FVG. If the price retests the bullish breaker block, it can be our entry; keep in mind we need LTF confirmation for entry. In this scenario, we can target Daily bearish FVG and also the liquidity above relative equal high. 💡Wait for the...
Most newbies, and even intermediate traders don't really understand what high risk to reward trades require from themselves and from the market. They think it is something to strive for, and that high RR trades are reserved for the pros. This is far from the truth. In this video I try to give more perspective to this concept. - R2F
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
In the H1 chart of the GBP/JPY, we observe that the price has moved upward in a compressed manner, indicating buyer weakness. Above the current level, there is a significant supply zone, which appears to be an ideal point for initiating a sell position upon the first contact with the price. The longer it takes for the price to reach this supply zone, the better...
Price currently @ the LH level creating a potential double top. 1st sign of a sell, although wait for price to break the "trend line" and once it creates a LH, I'll scale down and look for sell momentum / structure
The market seems to be consolidating but after using patterns and chart analysis I forecast the market being bullish for a Swing Trade.