Hello everyone GBPJPY is my focus for the day * Unmitigated OB * B wave of the corrective structure complete above highs * C wave needed to complete 3 wave corrective structure * LIQUIDITY (EQUAL LOWS AND GAP) at the bottom * MACD divergence in 15 minutes Entry: 189.591 Stop loss: 190.156 Take profit: 186.061 Trade with care Trade with care
Applying The Quarters Theory, we can identify the whole number of 190 as well as the half number of 191 as key potential support and resistance. The pair broke decisively above the 190 whole number early in the session, rallying up to test resistance at the 191 half number where it faced selling pressure. However, by the end of the session the pair managed to...
We got a nice tripple TAP ON GBPJPY: price loist momentum and breaking structures: Short term sell is pending and that is my trade idea
No doubt we are still bullish on GJ. Tradable zones are marked with arrows. Ideal scenario: Fake out to the down side and thenm cofirmed breakout to the upside to fill the wick which has plenty of room to secure 10-15 pips along the way.
📈📊 GBPJPY Price Forecast Analysis 🌐💹 OANDA:GBPJPY Attention Traders! 🌟 Let's dive into the GBPJPY chart for an insightful forecast: 1️⃣ Inverse Head & Shoulders Pattern: 📉 After forming an Inverse Head & Shoulders pattern at the bottom, GBPJPY is now in an uptrend phase, indicating a potential reversal from the previous downtrend. 2️⃣ Breakout and...
Looks bullish. but I will look to enter above 190.194 which does not look highly probable as GJ has had 5 long days already. thus my entry will be highly contingent upon the structure.
GBPJPY, has bounce off a major QP it has broken multiple trend lines We could see a retrace and then pump down. Gold which is inversely correlated looks very bullish up
GBPJPY has bearish momentum and is indicating a further fall to 190.370. SL and TP will be adjusted according to price. Trade responsibly
Possible BUY OPP on GBPJPY with two potential entries. Trade with caution apply proper risk mgm't TP can be 1:2 or 1:3 choice yours...
GBPJPY Pivot 190.835 - If the price is higher than the pivot, Long target TP1 at 191.380, TP2 at 191.720, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 190.350, TP2 at 189.670, cut loss if the price is higher than the pivot. ***Please money management***
– Monday Daily candle closed Bullish filling the previous Weekly High. I’ll be looking for potential Buys above 191.330 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.900 targeting 4h Support formed at 190.450 and 1h Strong...
Possibility to go for short due to rejection at 191.200 almost. However, breakout towards down will confirm next target. there is little risk but greater reward.
Japan has experienced deflation for past decades and inflation is what they need, along with a strenghthening economy i feel inflation will be higher than last YOy and higher than expected this will cause a decline in the pair due to how its GBP/gpy
GBP/JPY trades to a fresh yearly high (191.32) as it extends the rally from last week, with the Relative Strength Index (RSI) flirting with overbought territory as it climbs to its highest reading since November. GBP/JPY Outlook At the same time, the 50-Day SMA (185.89) now reflects a positive slope following the three-week rally in GBP/JPY, and a move above...
✅GBP_JPY keeps growing In an uptrend along the rising Support from where we Are already seeing a bullish Move up so I think That we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
GBP/JPY has transitioned into a bullish trend, with the pound gaining strength against the yen. This uptrend could be attributed to various factors such as positive economic data releases from the UK, increased risk appetite in the market, or improving sentiment towards the British pound.
GBPJPY ended 5 clear waves and we are looking at current levels as interesting bear levels. it can reach 193.20 with a stop above that level near 195.50 would be great. bank of Japan will be tightening policy very soon because of the inflation figures and some pressure form wages. thus stronger yen will dominate other currencies. always calculate the risks.
Yesternight, I selected a few pairs for today's observation and potential trading purposes, and GBPJPY was one of it. Sellers gave us another Black Friday Sale today in the dark to Asians first when the Londoners and New Yorkers are still sleeping. I bought my 40cents worth of GBPJPY at a discount. Both positions by Market Orders. 1st Order - 1R TP 2nd Order -...