Trading against the trend on the pound to yen symbol with a minimum risk (0.5%) can be entered into a buy transaction from the support indicated by the extreme stop of the cap. Until Friday, it is possible for the pound to continue its price increase.
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Our screener has identified that JPY is a relative strong currency in this session, and we’ve found that GBPJPY has broken out of the support zone and is headed towards the downside. But don’t worry, this is just a little and short retracement in the daily uptrend.
So, what’s the plan? We could...
GBPJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Short term bias has turned positive.
Preferred trade is to buy on dips.
Previous resistance at 184.29 now becomes support.
We look to Buy at 184.30 (stop at 183.70)
Our profit targets will be 185.80 and...
Price could fall to our buy entry at 184.28, which is a pullback support level, aligning with the 50% fibo retracement and 100% fibo projection. Our stop loss is at 183.18, which is below the 78.6% fibo retracement. Take profit is at 185.70, which is at a multi-swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a...
And lately on GBPJPY we have been seeing a lot of bullish momentum, and the price has hit our area of interest and we have entered our sell orders and now we are expecting the market to give us more bearish momentum for the reversal
Because the interest rate difference between the US and Japan is still large, the sell-off of the yen in the market continues to accelerate despite the BOJ's decision to maintain loosening yield curve control.
#GBPJPY
UPDATE
Hey traders,Welcome to Anna trade charts.
Hope you are enjoying your trading journey and our trading analysis too.
Today, Anna is monitoring the GBPJPY.
GBPJPY is in the uptrend in the HTF, Also there is an order block at POI, we can see a short term bearish move from that OB, this will go high in the future, remember this as well...
Strict with...
- GBPJPY is in an uptrend.
- The price touched a resistance at 185.952 and showed a rejection with a Pinbar candlestick.We are waiting for a corrective move to enter a buying position. The correction is supported at 184.311. If the price retraces, consider a buying opportunity.
The Japanese yen pound is on a downward trend. The above decision shows that rising global bond yields and sustained high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
As the outlook for the economy and prices remains extremely uncertain, the Bank of Japan will continue to promote accommodative monetary...
GBPJPY is falling towards a pullback support and could potentially bounce off toward our take profit target.
Entry: 184.17
Why we like it:
There is a pullback support level
Stop Loss: 183.43
Why we like it:
There is a pullback support level
Take Profit:185.28
Why we like it:
There is a pullback resistance
Please be advised that the information presented on...
GBPJPY
Pivot 185.330
- If the price is higher than the pivot, Long target TP1 at 185.965, 186.777
- If the price is lower than the pivot, short target TP1 at 184.790, TP2 at 183.770
– Previous Daily candle closed Bullish at 185.180 leaving a Rejection wick around 185.970.
– Buys on close above 185.570 targeting 1h Resistance around 185.910, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.420.
– Sells on close below 185.030 targeting 1h Support formed around 184.730, Leaving Runners to the Monthly previous...
1. Daily uptrend
2. Fair Value gap created, yet to be filled.
3. L, H, HL, HH, creating the next HL before a push up to break structure for a HH.
4. Patiently waiting for entry at Fib level which coincides with the last HL.
The FX:GBPJPY is seeing a mild relief pullback towards the 185.00 price level after last week's runup in the pair sent the Guppy just shy of the 186.00 handle.
Monday's pullback sees the pair testing back towards the 50-hour Simple Moving Average (SMA) currently rising into 184.60. Intraday price action is getting snarled on the 21-hour Exponential Moving...
D: Downtrend, price retraced 61.8%
4: Downtrend, engulfing bear candle and price retraced 61.8%
1: Downtrend, price retraced 61.8%
CURRENTLY: There is bearish divergence on minor TF. I'm looking for price to break below and retest minor trendline and go short to previous support area @ -27 on minor FIB
In this video i explain my insight on GJ what i expected the market to do which ultimately played in my favor whats next for the market and overall how will i base my next position
