Going up slowly. Put SL on LL or 190.610 Bullish. TP 191.50 SL 190.610
GBPJPY has found demand at 190.650. Going long and aiming for 193.523
GBP/JPY Poised for Reversal Amidst Diverging Correlation with GBP/USD GBP/JPY experienced a robust bullish rally in recent days, surging to the 193.5200 level after the FOMC announcement. However, signs suggest that the pair may be gearing up for a retracement. Interestingly, the correlation between GBP/USD and GBP/JPY appears to be diverging, particularly...
This market has finally reversed into a downwars spiral breaking off the upper TL to the downside
We have these indicators for SELL opportunity: - Reflection from the top of the trend line (Has been created since 2020) - Low volume to continue the current direction - Return/re-test to Year high + 6M high + 3M high - Another resistance zone: Last Peak from 2015 We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips
The market bounced off the resistance zone. FX:GBPJPY broke the support level that was tested twice. The market is updating its swing lows on the 1H timeframe. It gained bearish momentum. On the daily timeframe, price action formed tweezer tops, which is a reversal cnadlestick pattern. Usually markets pull back on Friday after a trending week; therefore, I...
Bearisch signal, based on indicators. It is no professional advice.
Price broke 192.36 support making lower low signaling a bearish shift of trend. Im targeting at least a 50% retracement from ceiling price of 193.6 and floor price of 188. 50% retracement price is 190.74. This is a simple 1R idea.
Hi Traders! The Trend is absolutely bullish on the daily chart, but at the same time, we are approaching a very important resistance area, so we cannot exclude some pullback in the short term. From a technical point of view, on the daily chart the pair could trigger a Reversal Pattern (3 Drives), but to work correctly the price should not rise too much above the...
GBPJPY Double Top Reversal Pattern has been formed in GBPJPY which is indication of reversal bearish pattern. shorting the trade will be wise decision in this situation. two trades has been placed while setting up TP1 in one trade accordingly TP2 in other trade. move SL to Entry price one TP1 is hit. Risk management should be strict since market has some news today.
It is expected that the corrective trend will advance to the specified support range, then a trend change will be formed and we will witness the continuation of the upward trend. Crossing the 78.6% level will cause the correction process to take time
GBPJPY Outlook for the Day! The SELL for a BUY: Daily price closed with a bearish momentum. I am anticipating a sell as H4 showed high selling momentum. Target: I am targeting a sell until the H4 support for a buying continuation. Action: We start off with the sell until price collects lower support of H4 support for a buy. Analyse the price action then...
Price is in uptrend structure. Watch for market reaction at 190.838 zone for potential to push up to 194.000 zone as take profit
d1: up trend but the last bullish candle was broken, and 2 d1 candles created one Pin bar h1: down trend, with strong volume bearish bar. the price has tried to goes up in opening but it couldn't and then it break prior day low so it might goes down to the last d1 demand zone. R:R 1:3,7 looks okay for a short position
Hello traders, GBP/JPY's uptrend shows no signs of slowing down. As we had predicted in the previous idea, price has broken through the 191 level and currently it has crossed 193 as well. The uptrend is being fueled by the ultra-low interest rates in Japan which is weighing negatively on the JPY. That being said, there is a key level at 195.50-196 zone which...
Price is sitting on a discounted area. Price could continue going up after a pullback.
Strong Bullish hammer Formation at the Strong SNR level , alongside RSI Divergence is the indication of Possible Bullish trend to start shortly. accordingly TPs and SL is Highlighted with strict risk management. i See divergence is not that strong but still i think it will work of buyers get the power. what are your thoughts?
GBP/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 191.274 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 190.056 Why we like it: There is an overlap support that aligns with the 61.8% Fibonacci retracement ...