GBPJPY is neutral on its 1D technical outlook (RSI = 50.345, MACD = 0.240, ADX = 29.640) as the recent bullish run came to an end on the HH trendline. For now the 1D MA50 held but the peak pattern formed is a Head and Shoulders. The 1D MACD is on a Bearish Cross, so the short signal is complete. Our target is the S1 level, potentially a contact with the 1D MA200...
Price is moving within this pattern. Everytime theres a break of daily structure. Price comes back to OB/Demand. A break below 188 would give me a strong bearish confirmation for a deep retracement to 180-181 area. Would take a while to play out.
Weekly uptrend is looking for a correction and a downtrend started in 4h time frame, I will be looking for gbpjpy to hit 189.8 as it failed to close below the level of 188.8-188.7 followed by a downtrend
💎Sell GBPJPY @ 189.3 - 189.5💎 Wednesday 03/13/2024 08:00 AM EST Thursday 03/14/2024 05:44 AM EST 189.9 StopLoss —> 189.25 BreakEven+ TakeProfit 1: 189.1 TakeProfit 2: 188.9 TakeProfit 3: 188.7 TakeProfit 4: 188.5 TakeProfit 5: 188.3 TakeProfit 10: 187.3 TakeProfit 20: 185.3 TakeProfit 30: 183.3 Richard Eyo ~The Wizard 🧙♂️
The likelihood of price reaching the equity zone is extremely high, but there is a possibility that it could continue to drop after it reaches the equity zone or it could break through the equity zone. Going to the highs. I’ll keep you guys updated on which direction it’s going into.
Gj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe. Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will...
welcome here is my gbpjpy short idea had shorts this week already with good profit run for about 100 pips market still bearish, bullish retest sequence may over lets see how this setup plays out
Got GJ sells,set a limit price hit SL DO Not take my trades they are for record purposes
Much like cable, the pound has bounced back against the yen in recent days after relatively positive British data. However, Japan’s latest GDP release showed that a technical recession has been averted for now, and there are rumours that the Bank of Japan might even consider tightening policy at its meeting next week. There remains some speculation that Japan’s...
-Previous Day candle closed Bullish. If we are looking for buys we will take on until 5th feb 14 and TP 2 29 feb 24 daily resistance. - If we are looking for sells we take on until tp 1 29 sept 08 daily support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour...
GBPJPY is approaching an area of value in a corrective manner (Ascending channel). If the third touch holds I'll be looking for an impulsive move downward followed by a 15min flag continuation pattern, with a verified entry signal at the Top of the flag (Risk entry type) or a Breakout and retest of the flag a (reduced Risk Entry type).
GBPJPY market broke and closed above the psychological level at 188.000. Price action has been making higher highs, but it's pulling back to support and the 38.2% fibo level. It rebounded from the 50% retracement level and broke the structure. We expect a retest of the major resistance level since the trend is bullish. ------------------- Share your opinion...
This one is looking good i like what I'm seeing, will wait for the position before executing
GBPJPY, are we looking at the start of a downward trend ?
Entry Taken During London Session. 1. Daily Candle Bullish Indicating Buys over Sells. 2. Overall Structure Bullish as Price is Creating HL's and HH's. 3. Price Created A New HL creating a higher probability for a New HH.
The GBP/JPY is rising towards the pullback resistance, this resistance also aligns with the 50% Fibonacci retracement and 78.6% Fibonacci projection. The price could continue with the bullish momentum and break above the pivot thereafter, rising to 1st resistance level. Pivot: 189.670 Support: 188.051 Resistance: 191.047 Risk Warning: Trading Forex and CFDs...
im hoping if there is bad news, im looking to enter something like this. only if news in 7 mins is bad for UK
FX:GBPJPY If the price successfully manages to break above the 38.2 level on the Fibonacci chart, it could indicate a potential bullish trend in the market. In that case, we may witness a retest of the 61.8 level or even a break above the previous highs. Furthermore, the break of our downward trendline suggests that the market could be shifting towards a more...