According to Harmonic pattern there is a short term entry for short i put all the nessory points in the chart
Price fail to create higher high and start to breakdown, looking to enter short when price return 196.70
gbpjpy followed by major events in japan and britain has a choppy character. the 200 day moving average is around 195.00 and a break below that region will go down to 194.50 and 194.00 a retracement from 200 sma will go upto 195.50 where yo can find a resistance region and breaking that zone will pimp gbpjpy to 196 and 196.50 bullish...
I expect some retracement on the pair but watch carefully because its a countertrend trade.
The Red Line shall act as the last defense to hold buyers. Should it be broken, no idea (218.396)?. This is just an idea and not indicating buying or selling at any particular prices.
#GBPJPY UPDATE Hey team hope you all are enjoying our ideas and analysis now we are here to discuss About GBPJPY. GBPJPY is exactly on the way as predicted already 400Pips+ gain after our prediction. Still this is getting a good volume. We can see price around 200.0 soon. Keep in touch we will update further soon.
Explore the latest trends in the GBPJPY forex pair with identified sell levels at 195 and 197. Our comprehensive analysis delves into key market drivers, technical indicators, and fundamental factors, providing strategic insights for navigating the dynamic GBPJPY landscape.
GBPJPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GBPJPY Entry - 198.70 Stop - 200.46 Take - 195.79 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
a quick rundown of why I stayed out of all yen's today.
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 196.650 to 197.150. Additionally, medium-risk buy zone between 192.000-191.700, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Sell Zone🟠: Positioned between 196.650 and 197.150, suggesting...
hey team hope you are Enjoying our ideas and Analysis today we are monitoring GBPJPY looking for Bullish around 194.708 our final target 200.022 that it is Runnning in Trend line that we SEE in Chart Analyse
Traders are closely monitoring the GBP/JPY pair, eyeing a potential buy opportunity as it approaches the buy zone at 194.70. This level signifies a significant support zone where buyers are expected to enter the market with increased activity, potentially driving GBP/JPY prices higher. Traders view this buy zone as an optimal entry point to capitalize on potential...
GBP/JPY is identified at 194.40, suggesting that traders may want to consider initiating a short position at this level, anticipating a downward movement in the currency pair. The take profit levels are set at 193.50, 193.00, and 192.50, indicating key points where traders might consider closing their positions to secure profits as the price declines. These levels...
The market seems to be consolidating but after using patterns and chart analysis I forecast the market being bullish for a Swing Trade.
BUY GBPJPY for uptrend continuation STOP LOSS : 191.90 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
On the 15 minute timeframe, has tapped into the 15 minute OB. Ideally during Asian Open, price might come lower into the 5 minute OB which is still unmitigated. 2 Scenarios i am looking to take advantage off. 1) If price decides to respect the 5 minute OB at 194.941 and create a bullish CHOCH with a body candle close. 2) If price action breaks below the 15...
Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...