It is expected that the price will fluctuate in the current resistance range and then we will see the beginning of the correction process. If the price crosses the resistance range, it will be possible to continue the upward trend up to the specified resistance levels
Pair : GBPJPY Position : LONG ( BUY ) Entry 1 : 195.135 STOP LOSS @ 194.680 TP 1 @ 195.585 TP 2 @ 195.985 TP 3 @ open ( Trailing SL )
On Monday, the yen dropped to 160.000 per dollar, marking its lowest level since 1990, before rebounding more than 3% to 154.5 per dollar. This rebound was suspected to be the result of intervention by Japanese authorities. According to reports from Bloomberg, the Bank of Japan (BoJ) likely injected ¥5.5 trillion into the currency markets after discrepancies...
GBP/JPY - 1H - Bullish Bullish Divergence Break of Previous LH Strong Support Buy - 181.488 (CMP) TP - 182.223 SL - 180.686
GBPJPY Daily Trading Journal Happy with Prices delivery to the195 the monthly buy side liquidity on Friday. Price is gravitating towards the SIBI and seems likely it will continue. That said I suspect Price will deliver a low to rebalance the D FVG created on Friday. Price could seek lower prices taking the sell stops noted for the weeks low target.
FX:GBPJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
Understanding the value of M and W formation while testing previous highs and lows of the week and month.
GBPJPY is moving in an ascending channel. The chart reacted to the last 3 touches of the support level with an immediate rebound. The support level is between 50% and 62% retracement levels. We expect a rebound after a retest of the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
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...
Hey there on 1htF The GBPJPY has looking for downside now as there we can see it has continue has moving 191 to 194 so we can now again see downside area from here to reach target soon
My dear friends, Please, find my technical outlook for GBPJPY below: The instrument tests an important psychological level 190.56 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 191.38 Recommended Stop Loss - 190.11 About Used...
GBPJPY Outlook for the Day! THE FALL: I predict since price had created a H4 selling breakout… price is bound to fall within the H4 swap zone (SBR), H1 & Daily resistance. Target: I am predicting that price will continue to sell. Action: We start off with the sell until price shows a reversal. We will sell within the M30 selling continuation zone.
GJ Has completed its retracement and it is about its bullish trend
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level, ideally around 192.80. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial...
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...
Entered between the 0.61 and 0.5 green lines If we break that blue line where arrow is i expect to flop down to first target at vpoc and last at the val of previous day. lets see how this goes
price has broken the 4 hr structure and possibly looking to buy
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...