GBP/JPY remained bullish, strongly bullish on candles from the weekly uptrend, reversing the candlestick pattern when rejecting support levels. There is also no major news tomorrow, and profit taking on local resistance, profit taking in the daily ATR range. Buy/sell indicator confirmed, 2% risk, 1:1 risk ratio
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 195.44 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Stop loss is at 197.55 which is a level that sits above a pullback resistance. Take profit is at 191.71 which is a pullback support.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
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
Dear All, this my idea for sell once sell candle or 30min choch get then only i go short this is my ideas only. what you flow your trading statistics you can continue. you need more my ideas flow me
This is my predictions for gj. I think its a good time to go for longs. the writer doesn't think the Japanese banks have enough buying power to make gj go for crazy shorts.
As price hit resistence area expect drop pls like for support thank you
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Simple design with projected potential support/resistance level which can be traded in both reversal setups of breakouts after consolidation if relevant price action, patterns, signals, setups, occur at them. For example: if a correction occurs towards the red where the price signals a potential turnaround, and after a climb towards the green and a descent...
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...
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...
In the H1 chart of the GBP/JPY, we observe that the price has moved upward in a compressed manner, indicating buyer weakness. Above the current level, there is a significant supply zone, which appears to be an ideal point for initiating a sell position upon the first contact with the price. The longer it takes for the price to reach this supply zone, the better...
4H is swing bullish => current is pullback dow We buy in this OB order block
Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly...
Traders are closely monitoring the GBP/JPY pair, eyeing a potential buy opportunity as it approaches the buy zone at 194.70. This level signifies a significant support zone where buyers are expected to enter the market with increased activity, potentially driving GBP/JPY prices higher. Traders view this buy zone as an optimal entry point to capitalize on potential...
#GBPJPY Sell Idea .................................................................
GBPJPY took a bounce from the sell side liquidity and price have already been rejected from that zone with bullish engulfing candle confirmations for buy am taking a buy entry from this zone with tp 201.000 JOIN AND ENJOY Tell us what you think.........?