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
Hello traders, GBP/JPY has been trying to break the hourly resistance at 192.75 but so far, it has not been able to do so. That being said, we are continuously noticing higher lows in the hourly time frame. So, the current price action on GBPJPY is messy. Although I have been scalp selling GJ every time it reaches 192.75, I feel less confident in selling. In...
GBP/JPY move in uptrend in uptrend channel rebound from Demand zone
GBP/JPY Entry: 191.57 SL:191.13 TP1:192.30 TP2:192.70 We have a really strong Resistence Level around 192.77 We have to wait for a brake and retest of the support Level around 191.6 If the price create a retest wich one doesen go under the support level 191 we just have to wait for a Candelstic confirmation and place the entry.
GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
we have witnessed change in price behaviour, in longer time frame price have failed to breakthrough You can take sell entry now with stop loss and take profit as suggested. Please use accurate risk management to have better outcome.
GBP JPY closing the gap with 190. breaking 190 will result in a hike. BOJ is expected to normalize policy by MARCH or APRIL but most likely APRIL. in that case there is a 5 to 6 weeks time window to hike. the real targe is 200. 14th of FEB GBP GREEN CPI could strengthen THE GBP INDEX. For now JPY index is visiting very important bottoms while USD JPY broke her...
#GBPJPY UPDATE Hey team we are to update about GBPJPY. GBPJPY is making rising Wedge Pattern.we can see here a good drop in price. War is effecting the whole market badly. Trade carefully with proper risk management
gj based technical analysis hoping for longterm buys.But counter trade sell
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.
the retail sales report will be out in less than an hour . This can go either way , however its a decent sell a the moment . Nanage your risk and go for 1:3 risk reward with 0.2 of your trading account as stop loss... lets go bears on this one .
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
All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken...
We may observe that GBPJPY has hit it's head several times at 192.803 and has failed to break above this level. All week we've been ranging after moving slightly up early in the week. Price wants to go up and since the Bank of Japan recently increased interest rates for the first time in many years, we may very well anticipate a continued trend on GBPJPY to the...
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 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...