The GBP/JPY Futures have demonstrated seven consecutive days of growth, characterized by a consistent retesting of previous market inefficiencies and increasing volumes. Each day, the price has closed above the volume range of every candle, while also maintaining its position above the Volume Weighted Average Price (VWAP). Additionally, the Delta has consistently...
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...
My dear friends, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 194.29 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 193.13 Recommended Stop Loss - 195.01 About Used...
Entry Taken During London Session. 1.Daily Candle Strong Hammer Indicating Buys over Sells. 2. Price Created new HL's and HH's indicating Buys. 3. Price Created a New HL and HH. 4. Entry Taken at 15 m Break Of Highs.
#GBPJPY UPDATE GBPJPY is exactly on the way as predicted. Already in good gain . Still getting a good volume. We can see gain here upto 300Pips+ soon. Keep in touch we will update further soon.
Traders are closely eyeing the GBP/JPY pair, identifying a compelling sell opportunity as it approaches the sell zone at 195.10. This level represents a significant resistance area where sellers are expected to enter the market with increased activity, potentially driving GBP/JPY prices lower. Traders view this sell zone as an optimal entry point to capitalize on...
GBPJPY is forming an ascending channel by making HHs and HLs. To take precise entry wait for the next HL and set the previous HL as stop loss. Set the TP1 and TP2 by 1:1 and 1:2 risk reward ratio.
Price currently @ the LH level creating a potential double top. 1st sign of a sell, although wait for price to break the "trend line" and once it creates a LH, I'll scale down and look for sell momentum / structure
Entry Taken During London Session. 1. Daily Candle Strong Bullish Hammer Indicating Buys Over Sells. 2. Price Creating New HL's and HH's Indicating Buys. 3. Entry Taken at 15 M Break Of Highs.
GBPJPY bounced the buyside liquidity price have been on rejections from this zone am expecting another engulfing confirmations to push price to the upside am longing from this zone..........
After a 3 wave impulsive structure (on the 4hr) downwards starting from 200.570, the market has corrected in a seemingly easy to read corrective structure for another impulsive move down, This move down has the potential to be massive 500pips at least. TP #1 190.475 (23% below the B wave) TP #2 188.910 (61% below the B wave) TP#3 186.400 ( would complete the...
It is expected that the price will move according to the specified path and after some correction, the upward trend will continue
The GBP/JPY experienced a notable turnaround at the 200.500 level following reports indicating potential direct intervention by the Bank of Japan (BoJ) in the foreign exchange (FX) markets. This intervention, suspected to have occurred twice within a two-day span earlier this week, aimed to bolster the beleaguered Japanese Yen (JPY). Disclosure reports from the...
GBP/JPY is rising towards the pivot, which has been identified as a pullback resistance, and could reverse to the 1st support. Pivot: 195.45 1st Support: 191.71 1st Resistance: 197.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
This would be the next slide of the GBPJPY Journey which started with a simple Mind posted, evolving into the next idea with the next steps. The previous 2 snapshots provided a very clear bias (the short followed by the long), but now I find myself in the situation where I am looking for 2 potential scenarios which I would consider to be intriguing if the price...