The pound gave us 50-60 pips last week but it wasnt fully ready to take off but as the yen continue to get weaker I expect the pound to fully go up this week
GBPJPY is closing an imbalance which I suspect can present a shorting opportunity.
WEEKLY Spinning tops at the current price (190.60), therefore we wait. DAILY 190.00 looks to be the rejecting price, we are moving up. 4H 190.60 is a strong level we bounced of and had candlestick confirmation to the upside. 1H 191.30 is where we are anticipating 15min 190.40 was our resistance and turned into our support
- Previous Day candle closed Bearish. If we are looking for buys we will take on until daily resistance formed on 22 march 24 - 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 opposite direction and...
GBPJPY has been ranging in an uptrend which failed to continue the trend. GBPJPY has touched our resistance level on 191.284 making it a strong reversal area multiple times. Then giving us a head and shoulder, then fallowing with breakout retest confirming that we might see a fall towards the 188.185 support.
GBPJPY is rising toward a pullback resistance and could potentially fall to an overlap support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 190.53 Support: 189.70 Resistance: 191.49 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
Hello Traders, Looking at GBJPY from the Daily timeframe there are two possibilities that can happen. 1. I am bullish if price continues to trade within this trend channel by breaking above the supply zone shown at $191.378 2. i am bearish if price fails to break above $191.378 supply zone and sellers push price below trendline causing a reversal. Price will...
Trade should be avoided in this case since there is a bullish divergence.
Potential price movement. Wait on break and retest to potentially push down into major tf zone
💎Sell GBPJPY @ 191.2 - 191.4💎 Sunday 03/31/2024 07:46 PM EST 191.9 StopLoss —> 191.15 BreakEven+ TakeProfit 1: 191.0 TakeProfit 2: 190.8 TakeProfit 3: 190.6 TakeProfit 4: 190.4 TakeProfit 5: 190.2 TakeProfit 10: 189.2 TakeProfit 20: 187.2 TakeProfit 30: 185.2 Richard Eyo ~The Wizard 🧙♂️
4hr downtrend, 2hr supply entry into daily demand, 3.6 RR.
Remember this analysis? Price eventually got to TP ✅️ Follow if you find value here ❤️
GBPJPY is trading inside a Bullish Megaphone. Every time the 1day MA50 broke downwards, the pattern gave a sell signal with the minimum decline on the Bearish Wave being -4.17%. If the price does break under the 1day MA50, sell and target 185.500. The 1day RSI is already on a Bearish Divergence. Previous chart: Follow us, like the idea and leave a...
Prices have finally reached the 4H bullish FVG and nearing to the 4H bullish Order block The overall sentiment of the market is still bullish even if we had some bearish action the past days, if prices were to take off again , this would be the perfect place.
Following the Bank of Japan's interest rate decision, GBPJPY has surged by over 500 pips. Presently, it exhibits indications of rejection upon retesting the breached uptrend trendline, thereby confirming a potential short position. TP and SL levels have been identified and delineated. It is imperative to adhere strictly to risk management principles. Kindly review...
💷GBPJPY💴 Month March Monthly High: 193.531 Monthly Low: 187.862 Richard Eyo ~ The Wizard 🧙♂️
Clean impulsive move today. Will look for a short tomorrow by setting a limit. Let’s see!