GBPJPY has a strong divergance on RSI and Reversal based on Harmonics Pattern. The Trade Plan is based on DOW Theory.
– Previous Weekly candle closed strong Bullish at 190.650 , Friday Daily candle closed weak Bullish leaving a Rejection wick to the upside. I’ll be looking for potential Buys above 190.840 anticipating for price to fill the previous Weekly High at 191.140 and previous Daily Support formed on 28th July 2015 around 191.460. I’ll be looking for potential Sells below...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand and supply zone (medium-risk buy zone) spanning from 190.000 to 189.850, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 190.000 and 189.850, suggesting another area with moderate risk for potential buying...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I'm closely monitoring GBPJPY for a potential buying opportunity based on the Bullish Shark Pattern. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 189.06 Given the recent decline in the JPY and the resulting upward movement in JPY pairs, I'm anticipating a bullish scenario on GBPJPY. The completion of the Bullish Shark Pattern at...
Here is my analysis of the GBP/JPY for the upcoming week: - Applying the Quarters Theory, we have the major 189 and 191 levels, along with the half-figure of 190.50 and quarter points of 189.75, 190.25 and 190.75 to watch. Last week, 190.25 provided initial support on the pullback before lower demand emerged at 189.75. Meanwhile, the test of 191 was rejected and...
Waiting for the breakout or the rejection after a 4h close from the 38.2%
GBPJPY Forecast: Holding strong and aiming higher. Keeping an eye out for opportunities to push the exchange rate towards 192 yen. Let's ride the wave! 📈
As we can see well respected trendline aligns with the resistance turned support and also along with the confluence of 61.8 Fib level. If we see some sort of bullish confirmation at the marked area then we can look for buying opportunities. Target-192
Price has currently found resistance at 191.100 - 190.900. Looking at the 2H timeframe we see that price is retesting this area. I anticipate that price will make a LH and continue to make LL this week.
Buyers seem to have an interest of buying on candlestick patterns and bullish continue patterns or breakouts. 177-176.8 is the last level to hold buy idea to 190-191 as long terms sellers analysis is 196 SL breakout or fakeout level 197.00 Brexit hasn't been talked about for long and that's out of the window for now as they got their PM outcome and his purposes...
Hello traders here is my analysis for the GBPJPY, as you can see the price has been on a bullish trend for the past weeks and months but you can also see that it has reached a higher trend line and there are more chances that the price can reverse from now on to a bearish trend so now I will wait and look for reversing pattern so I can ride this trend downwards.
I am looking for price to pullback into support testing it before moving upwards,
GJ looks like its already rejected off where it needs to to go up towards new highs. im not in to will be looking forward to some retracement or retest of support.
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade. 🔥🔥🔥🔥#GBPJPY 🔥🔥🔥
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade. 🔥🔥🔥🔥#GBPJPY 🔥🔥🔥
Resistance 191.143 191.098 Fib .50 level 190.772 Support 190.416 190.396 Point of interest 189.930 191.614 Waiting to see if Gj breaks either daily high or low. After break and closure of the high or low an entry is going to be initiated using the fib level to determine point of exit.
Hi there, GJ appears to be in the downtrend from the high and resistance of 190.131, headed toward the 188.486 level to the 188 area range. If the price continues bearish in this area range, then there'll be a chance for the price to further drop to the 187 trend line for a bias of 184.154. If the price turns and breaks the 190.131 resistance then the setup...