GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 194.91 which is a pullback resistance. Stop loss is at 195.47 which is a level that sits above the 127.2% Fibonacci extension level and the pullback resistance. Take profit is at 194.14 which is a pullback support that lies above the...
Major trend is sideways 4h sideways 1h candle rejection 15m candle rejection + bearish ob
My dear friends, Please, find my technical outlook for GBPJPY below: The instrument tests an important psychological level 190.56 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 191.38 Recommended Stop Loss - 190.11 About Used...
Hello,Friends! It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 192.689 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Let's see how this one goes. Looks bullish and risky to short it, but my strategy is pointing me to take this trade.
Hey there on 1htF The GBPJPY has looking for downside now as there we can see it has continue has moving 191 to 194 so we can now again see downside area from here to reach target soon
Currently, the GBP/JPY pair is signaling a selling opportunity as it hovers around the 192.11 mark. This indicates a potential downward movement in the pair's value. Traders could consider setting multiple take-profit levels to capitalize on various price points, such as at 191.50, 191.30, and 190.50, to secure profits as the pair declines. Meanwhile, it's...
GBPJPY - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GBPJPY Entry Point - 192.81 Stop Loss - 193.38 Take Profit - 191.88 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
price has broken the 4 hr structure and possibly looking to buy
In the short term going into next week I expect to see the pair slide further down. Break & close below the trend line (lower channel line) would likely spike interest to short this pair after refusing to make new highs. Candlestick patterns confirms further rejection for a push to the upside.
GBPJPY has reacted off the pivot and could fall to support. However, if price breaks above the pivot, it could continue to rise to the next resistance level close to 127.2% Fibonacci extension additionally, there is bearish divergecne Pivot: 192.37 Support: 191.70 Resistance: 193.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
GBP/JPY was largely flat on Thursday, trading slightly below trendline resistance at 192.70. Bears need to protect this ceiling tooth and nail; any lapse could spark a move towards the 2024 highs at 193.55. On further strength, a jump towards the psychological 195.00 mark cannot be ruled out. On the other hand, if the pair gets rejected from its current position...
we have witnessed change in price behaviour, in longer time frame price have failed to breakthrough You can take sell entry now with stop loss and take profit as suggested. Please use accurate risk management to have better outcome.
- Previous Day candle closed bearish . If we are looking for buys we will take on until daily resistance formed on 29th march 04 - If we are looking for sells we take on until 18th dec 03 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade. After hitting TP, you are done for the day. - We risk 5-8% of our capital. Close trades...
GJ Has completed its retracement and it is about its bullish trend
Have entered into a buy position on the 5 min chart. 5 min was struggling to break level. Confirmations 1. Daily closed above resistance 2. Came down and grabbed liquidity at 192 area 3. Previous 4hr closed above resistance 3. 5 minute struggling to push down
GBP/JPY Potential short. Market trading on HTF Supply zone and looking for sell as i shown in picture waiting for confirmation. USE lower TF for Entries.
Entered between the 0.61 and 0.5 green lines If we break that blue line where arrow is i expect to flop down to first target at vpoc and last at the val of previous day. lets see how this goes