My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 191.04 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 190.79
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
- Previous Day candle closed Bearish. If we are looking for buys we will take on until daily resistance formed on 22 march 24 and TP 2 05 april 04
- If we are looking for sells we take on until 24th march 03 daily resistance.
- Wait for 1 hour candle to close above or below zone to enter trade.
- We risk 3-10% of our capital. Close trades once price reverses to...
Update
4H
We have been moving up. 190.550 was and still is our current support.
15Min
The reversal candles we just had showed us extra opportunities. The RR is just shy of our ideal RR, hence the SL (190.65) is tight, but the TP (191.25) is the same as the previous trade.
GJ has completed its retracement after breaking the previous high in H4. Currently the CMP is in H4 FVG which is also supported by the Daily channel support. The buy is also supported by 200 SMA
Hello traders welcome back
GBPJPY to trade this pair you have two options
1 Enter the trade now since it breaks and retest
2. wait this following candle to close as a full bearish candle then
GBPJPY its potential sell
Stay and follow with me
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 193 followed by 195
What you guys...
Potential short from this area
High volume Order block with a previous break in structure of a key area. Have a potentialy LONG entry at the TP of this trade.
Lets see
GBP/JPY Price Analysis: Technical Outlook
The pair has completed a bullish cycle at 193.55 and is going through a corrective reversal with scope for further decline. Bears have been contained so far at the 61.8% Fibonacci retracement of the March rally, but a failure to return above 190.75 would keep the negative structure intact.
An AB=CD correction...
Considering the behavior of the price in the current resistance range, it is expected to continue the downward trend.
If the price crosses the resistance range and stabilizes, the continuation of the downward trend will be canceled and after some fluctuation, the continuation of the upward trend will be formed.
-Approached a selloff Supply zone
-Partial Profits or profits taken my big money
-Sell orders has chances of temporarily getting added by Big money
-Fundamentally POUND is bearish in this term
-Good chance to join this projected short term sell off of GBPJPY
-Monitor PA in lower timeframes
GBPJPY is currently at the pivot and could potentially fall to the support level that is close to the 78.6% Fibonacci projection
Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 190.68
Support: 189.70
Resistance: 191.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your...
GBPJPY the price may fall near 188,186,183 (D1) after rejection by the Resistance trendline.
After reaching a nine-year high of 193.55, the GBP/JPY fell further below 190.00 as buyers were unable to break through and target the 194.00 level. The pair was down 0.61% at 190.69 at the time of writing.
Technical prognosis for the price analysis of GBP/JPY
The...
The GBP/JPY currency pair is currently identified as being in a selling zone, indicating a potential downward trend. The current exchange rate stands at 190.973 Japanese Yen for 1 British Pound.
Traders are advised to consider setting multiple take profit levels to capitalize on potential downward movement. These levels include:
Take profit at 190.30, to secure...
