Hello everyone, Brian here! Let's take a closer look at GBPJPY today! Currently, this currency pair has maintained a rising trend over the past several days. The price is now orbiting around the 194.800 mark, completing a five-wave Elliott sequence. I expect some adjustments soon, as there are signs that a new peak might be forming, and a retest of the EMA 34 and...
According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that a strong upward trend will be created by crossing the resistance trend line
Hey all! So, we have a new trade for the challenge! Enter: GBPJPY Short 📉. When viewing the H4 chart, we can immediately notice how the market went straight for the H1 resistance area just to be met with a ton of supply, holding the area as relevant, and after a few more bars, we see a strong rejection, with great chances of closing on a strong bearish note...
Bias is for a buy. Price retested my 1HR trendline as support for a third time on Monday at the 194.32 level. The next move I see is carrying price to the last area of resistance at 199.541 Wait for break & retest of structure at 197.342 level to confirm. Hold to 199.541
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of GBPJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens...
The UK is in a technical recession but sentiment overall on the British economy is cautiously optimistic. Inflation has now dropped lower than in the USA though and most participants expect the Bank of England to start cutting from August. Even if that’s correct, the divergence in policy and carry trading for pound-yen is likely to remain for several more years at...
The GBPJPY is in a strong bullish trend as we can see on the daily and four hour time frames. Currently we are seeing an aggressive pullback down into our optimal entry zone. In the video we cover the trend, price action, market structure and I share a couple of trade ideas for consideration It's important to note that the information shared is intended purely...
- Double top: - Bearish chart pattern - Two consecutive peaks at similar levels - Trough (retracement) between peaks - Signals potential reversal from uptrend to downtrend
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...
Price is in uptrend structure and broke out of consolidation. Watch for potential bottom wick rejection at 193.400 or 192.928 zone for potential push up to 195.000 area as potential TP
The GBPJPY has been consolidating for quite some time on the higher timeframes. The Yen is very weak and vulnerable and the pound has been struggling to show growth over the past month. From a technical standpoint, the demand for the pair is present and in the past day, it shows a lot of bullish momentum. My bias stands long as far as trades towards the levels of...
If the price crosses the resistance range, it will be possible to continue the upward trend. Otherwise, after some fluctuation, the upward trend will continue If the price fluctuates in the current resistance range and wastes time, there is a possibility of starting a downward trend with the breaking of the green support range
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 190.29 which is a pullback support. Stop loss is at 189.88 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 191.63 which is a pullback resistance that aligns close to the...
Deciphering Market Movements! GBPJPY & USDJPY Analysis: Friday, APRIL 26 The market will await the BOJ's interest rate decision. It will be an important day because during the previous meeting BOJ increased the interest rate but according to the market it was accompanied by a dovish signal. On Friday, April 19, the Japanese Yen (JPY) benefited due to its...
Day is swing bullish 4H is swing bullish => current is pullback dow We buy when the price passes the strong swing peak of the 15-minute time frame
Price bouncing in the 190.500 resistance zone. Rejection candle on the support. Target next resistance zone at 192.700
I like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE. The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair...