GBPJPY Outlook for the Day! THE TIME TO DROP: Price is bound to collect a higher price within the Weekly & Daily resistance. Target: I predict price will gain into the H1 selling breakout zone & H4 selling swap zone (SBR) before it continues dropping. Action: We start off with a slight buy since current price is bound to gain then carry on with the sell.
Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
After a 3 wave impulsive structure (on the 4hr) downwards starting from 200.570, the market has corrected in a seemingly easy to read corrective structure for another impulsive move down, This move down has the potential to be massive 500pips at least. TP #1 190.475 (23% below the B wave) TP #2 188.910 (61% below the B wave) TP#3 186.400 ( would complete the...
GBPJPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GBPJPY Entry - 196.59 Stop - 197.81 Take - 194.45 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
GBP/JPY is looking bearish ahead as the trend seems to have exhausted its bullish momentum. I believe the downtrend will start from the double top area around the 197.00 level. I have set my stop loss above this double top level and my target is twice the size of the stop loss. Let's see what happens in the market. Good luck
The Japanese Yen(D) is going through the B to C leg of its correction, which we saw in the yen pairs in the last 24 hours. The GBP/JPY is our pick for a long trade because it has a more technical-bullish outlook than most other yen pairs. More info in the video. GBP/USD The cable broke higher yesterday above 1.2634 , the limit for any downtrend continuation. The...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 196.97, an overlap resistance Our take profit will be at 194.89 a pullback support The stop loss will be placed at 198.19, which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 196.650 to 197.150. Additionally, medium-risk buy zone between 192.000-191.700, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Sell Zone🟠: Positioned between 196.650 and 197.150, suggesting...
GBPJPY is forming an ascending channel by making HHs and HLs. To take precise entry wait for the next HL and set the previous HL as stop loss. Set the TP1 and TP2 by 1:1 and 1:2 risk reward ratio.
Chart back to support level soon. Long Chart Analysis.
- Candle closed bullish the previous day. If we are looking for a bid price, then we will continue to short until daily resistance levels are formed on July 1, 2004 and March 21, 2008 - If we are looking for a sell, we will trade before February 3, 2005 and trade at the daily resistance level on October 25, 2004. - Wait 1 hour for the candle to close above or...
Swing Sniper printed 30 million copies. After the signal was sent, the price subsequently retreated, forming a new 30-meter supply zone. Prices are currently being retested in this area. It should go down soon. The minimum TP value is 196.03. Tp2 = 194.02. Tp3 = 191.63.
Trailing and scaling initial trade great opportunity for another entry at this level for a short. Price was at a bearish retracement 61.8% broke out of the micro bullish channel. The previous bearish move was extremely violent in comparison to the bullish move that took a whole week. I will ride it down to about 61.8% retracement of the most recent bullish move.
Traders are closely eyeing the GBP/JPY pair, identifying a compelling sell opportunity as it approaches the sell zone at 195.10. This level represents a significant resistance area where sellers are expected to enter the market with increased activity, potentially driving GBP/JPY prices lower. Traders view this sell zone as an optimal entry point to capitalize on...
30m sell printed by Swing Sniper. The price then retraced after signal and formed a new 30m supply zone. Price is currently retesting this zone. Should drop soon. Minimum TP 196.05. TP2 = 194.05. TP3 = 191.65.
#GBPJPY UPDATE GBPJPY is exactly on the way as predicted. Already in good gain . Still getting a good volume. We can see gain here upto 300Pips+ soon. Keep in touch we will update further soon.
GBPJPY bounced the buyside liquidity price have been on rejections from this zone am expecting another engulfing confirmations to push price to the upside am longing from this zone..........
GBPJPY just sweeped liquidity 196.10 now price is heading to create new high at 197.500 area before price retraces down forming a perfect rising wedge JOIN AND ENJOY