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...
Hello everyone, GBPJPY 4H NEW FORECAST In yesterday's trading, the pair's price resumed its upward momentum, moving away from the additional support centered near 194.40. We notice its fluctuation near the first additional target represented by the level of 196.50. We point out that the continued presentation of the main indicators of positive momentum calls...
Do we have a potential monster trade opportunity in front of us? If the trend reversal on the higher time frame sticks, we could have an opportunity to get in right at the base of a next major move! In the chat we are looking at a bullish break of market structure. We discuss the trend price action and some concepts around building a position early on in a higher...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
The Japanese yen steadied on Friday, with USDJPY hitting a three-week low after a sharp drop this week that traders largely attributed to government intervention.
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
Hey Everyone, OANDA:GBPJPY we have witnessed change in price behaviour, in longer time frame price have failed to breakthrough the 193.00 price region. After witness many strong wicks rejection we anticipate that sellers presence in the market remain extreme and it will likely to increase in the days to come. You can take sell entry now with stop loss and...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Completed " 1234 " Impulsive Waves Rising Wedge as an Corrective Pattern in Short Time Frame Break of Structure Consolidation Phase , Breakout and Retracement Impulse Correction
The GBPJPY is in a strong bullish trend as we can see on the daily and four hour time frames. Currently we are seeing an aggressive pullback down into our optimal entry zone. In the video we cover the trend, price action, market structure and I share a couple of trade ideas for consideration It's important to note that the information shared is intended purely...
The Japanese yen keeps to stand vast demanding situations because it hit a 34-yr low towards the greenback, with little expectation that the Bank of Japan (BOJ) will improve hobby costs at its meeting. upcoming coverage on Friday. The significant bank, which has no forex mandate, is beneathneath growing strain because the weakening yen influences inflation via way...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Consolidation Phase as an Corrective Pattern in Short Time Frame Break of Structure and Retracement Triple Top RSI - Divergence Completed " 12345 " Impulsive Waves
In our video, we explore the technical analysis and a trading concept for the GBPJPY. Our assessment indicates a potential trade opportunity. We'll analyze the current price action, closely examine market structure, and factor in market dynamics, and identify a potential entry point guided by favorable conditions. Nonetheless, it's essential to emphasize the...
GBP/JPY Price Analysis: Technical Outlook The pair has completed a bullish cycle at 193.55 and is going through a corrective reversal with scope for further decline. Bears have been contained so far at the 61.8% Fibonacci retracement of the March rally, but a failure to return above 190.75 would keep the negative structure intact. An AB=CD correction...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Waves
GBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and...
Hello Traders! This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share...
OANDA:GBPJPY price breakthrough and left very strong lows, in our view, price will remain bullish. There are two possibilities at the current area, price can just shoot up to 187-188 price area. Or drop in the region of 180 and then bounce back from there. However, JPY pairs move fast and most of the time when they leave strong lows or highs they create a big...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Trend Line RSI - Divergence Completed " 1234 " Impulsive Waves and Rejection from Fibonacci Level - 38.20% Bullish Channel as an Correction in Short Time Frame