The GBP/JPY Futures have demonstrated seven consecutive days of growth, characterized by a consistent retesting of previous market inefficiencies and increasing volumes. Each day, the price has closed above the volume range of every candle, while also maintaining its position above the Volume Weighted Average Price (VWAP). Additionally, the Delta has consistently...
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...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
As you can see the price respected the bullish daily FVG and created the bullish breaker that comes with bullish FVG. If the price retests the bullish breaker block, it can be our entry; keep in mind we need LTF confirmation for entry. In this scenario, we can target Daily bearish FVG and also the liquidity above relative equal high. 💡Wait for the...
Journaling: Price is sitting below 0.618 of the daily bearish move. Although price has moved up its taken 7 bullish candles to retrace 61.8% of 3 daily candles. Unless price breaks above 61.8 we will see a bearish move. No need for a large SL my target is the next 61.8 where I will take partial profits
Hello,Traders! GBP-JPY is trading in an Uptrend but the pair is Locally overbought so After it hits the horizontal Resistance level of 197.410 I will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPJPY may rise again from the support area The price has already tested a strong daily support area near 191.40 After the price depreciated by 900 pips by the BOJ intervention which was never accepted by them, we could see GBPJPY rise to at least 195.00 again The BOJ's indifference and small interventions are not supporting the JPY to get stronger. We may...
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
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! ❤️
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.
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.........?
Explore the latest trends in the GBPJPY forex pair with identified sell levels at 195 and 197. Our comprehensive analysis delves into key market drivers, technical indicators, and fundamental factors, providing strategic insights for navigating the dynamic GBPJPY landscape.
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...
GBPJPY Outlook for the Day! SLIGHT GAIN TO DROP: Daily candle had closed with bullish candle. I predict price will collect H4 buying breakout zone & H1 support for a buying continuation. Target: We will focus on buying within the zones until we see a selling opportunity within the Daily selling breakout zone & H4 resistance. Action: We start off with the...