GBP/JPY has recently completed a harmonic pattern and is currently trading within a bullish channel along a trend line. I anticipate that this pair will continue to move higher in the near term.
According to the structure of the current upward trend, if the price crosses the previous ceiling range, it will be possible to continue the upward trend. If the price crosses the support trend line as well as the green support range, the upward trend is over and the downward trend will be possible
The Japanese yen has hit its weakest level against the US dollar since 1990, trading at 153.24 per dollar on April 10. This signals significant downward pressure that has prompted Japanese financial authorities to officially warn of possible intervention. Even though Japan's central bank switched interest rates from negative in March, the currency continues to...
GBPJPY Outlook for the Day! MASSIVE DROP: Price is currently at the Monthly, Weekly resistance, & H4 swap zone (SBR). Target: I am predicting that price will retest the sell until H4 support & H1 buying breakout zone. Action: We start off with the sell until price shows a proper buying structure. When it reaches the H1 buying breakout, we will continue...
Could this be a possible sell for GBPJPY? Based on what market structure is showing, the market is currently reacting to Fib levels, let's see if the sellers keep the downside momentum.
Took a buy on the break of previous 30 minute high. Based off daily charts Confirmations 1. Daily closed above range 2. Came down first to grab liquidity The daily flip should give you a nice drive. SL below previous hourly lows
In our video, we explore the technical analysis and a trading concept for the GBPJPY. Our assessment indicates a potential trade opportunity. We'll analyze the current price action, closely examine market structure, and factor in market dynamics, and identify a potential entry point guided by favorable conditions. Nonetheless, it's essential to emphasize the...
GBPJPY seems like moving sideways hence taking trade on both sides to which if either one of the trade is executed the other trade will be cancelled. All entry along with tp and sl are shown on the chart
we can see a clear channel within a channel which is moving in a corrective manner to the upside .. we should see price rejections at the resistance for an impulsive move to the down side.
1. Price in Overall Uptrend Direction: This means that the general movement of the price of whatever asset or security is being discussed is moving upwards over a period of time. In other words, the value of the asset is increasing over the long term. 2. Uptrend Structure Being Maintained: This indicates that the pattern of higher highs and higher lows, which...
We are looking for selling opportunities on GJ. We have been waiting for this opportunity for a long time. Now we wait for extra confirmations then we go.
OANDA:GBPJPY The FXStreet Forecast Poll about GBP/JPY ( Pound Japanese Yen) is a sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price.
As displayed in the chart, the market has potential to do take out some lows and highs which may lead to a new trend depending on what the market does.
Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 191.112 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 192.735. The above observations make me that the market will inevitably achieve 190.389 level. P.S Overbought describes a period of time where there has been a...
Short on GBPJPY Bearish Trend, LH after a HH Looking to Short after S2 is broken Risk 2%
GBPJPY Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
Still holding a bad trade from yesterday, entered too early. DAILY We had a close with a reversal stop candle which was showing us downwards demand, now we we are forming a bullish reversal candle. So we know that the candlestick use is wrong, as we should use patterns to give us more guidance. Retesting 192.00, which we have established as our resistance and...