In the short term going into next week I expect to see the pair slide further down. Break & close below the trend line (lower channel line) would likely spike interest to short this pair after refusing to make new highs. Candlestick patterns confirms further rejection for a push to the upside.
Dear Traders, Hope you are having great holidays, today we have found two perfect areas where you can buy and target easy 500 pips or maximum of 700 pips. The first entry, enter with perfect risk management as it is risky entry, while the second entry is safe entry. Good Luck
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...
GJ Bias is bullish Look for Only Buy After breakout 50 Pips Range
Quite a lot of liquidity in sales, a zone that is tested multiple times becomes a liquidity zone. That means, we have a magnet that pulls the price to take that liquidity. Keep it Simple! If you liked it, don't forget to follow me !!! :)
don't really want to long xau, nor short too. better wait for some news, xau looks like can go down, but likely will be very choppy. GJ looks like can go up, but i rather watch 1hr close if fails to go back up, im going to take this trade on 1hr close.
DAILY Still in our bullish trend, currently forming a channel where we are slowing down and pulling momentum. Towards the 190.00 is where we would expect a reversal and continuation of the trend. 4H Still letting it fall and as practice analysis, our forecast from early in the morning is currently on par with the market. 190.00 our aim 1H In the distribution...
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.
Considering the position of the price in the current range, the behavior of the price in the support range is very important. If the price crosses the support range, it will be possible to start a downward trend. Otherwise, it is expected that after some fluctuation, the continuation of the upward trend will take place
GBPJPY is currently at the pivot, aligning with the 78.6% Fibonacci retracement and could potentially fall to the support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 192.12 Support: 191.28 Resistance: 192.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
GBP/JPY has not been seen at this level since 2008 & 2015. With the fundamentals of the Japanese Yen being challenged by rising rates and a overall weaker outlook, can we expect this to be a recipe for GBP/JPY to stay at the 190 level? What about the 200 level? The following news may have some impact on our expectations. Tuesday, April 23rd (all times are...
hello everyone, the price is moving along the support trendline but price is being rejected several time from the resistance 192.77... if price do breakout the main support is 190.27 that will be the main target for bearish trade... if it do break out on bullish side then highest it can go is 193.5.. overall alot of rejection occurring from resistance along with...
GBPJPY 1 Hour Trading Journal Since March 19 price has been primarily offering premium prices in a tight institutional consolidation range. Price tested the 4 hour BISI 4 times in an attempt to rebalance. On Thursday price took the daily noted equal lows. Then on Thursday price was rejected at the weekly daily sell stops. Price has been rebalancing a...
4HR trend breakout with a wick attracts price to retest that area one more time and if that wick is taken out with a candle body close ,then i'm looking for a long term sell on GBPJPY
Based on the M30 chart analysis, we can see that the price is rising toward our sell entry at 192.02, which is an overlap resistance. Our take profit will be at 190.84, an overlap support level. The stop loss will be placed at 192.01, a multi swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
Trade based on the fact that we must grab some liquidity to drive the opposite way. I believe if we can come down to 191.256 before flipping at 192.339 This will be a juicy trade. Trade is invalid if 192.339 is tapped before tapping 191.256 SL to BE will be managed manually depending on price action.
Additionally, the rising tension between Israel and Iran heightens concerns of a wider conflict in the Middle East, providing some support to safe-haven currencies like the Japanese Yen (JPY) and creating a headwind for the GBP/JPY cross. The latest data from the Office for National Statistics showed on Friday that UK Retail Sales arrived at 0% MoM in March from...