Gbpjpy Gann Analysis
The chart provides an excellent application of the **Gann Square of 9**, highlighting critical price and time relationships. Let’s break down the analysis and key observations based on the setup.
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#### **Key Observations from the Chart**
1. **Central Pivot (198.942)**:
- The pivot level at 198.942 acts as the starting reference point for price projections.
- The Gann Square radiates angles (45°, 90°, 135°, etc.) to identify future support and resistance levels.
2. **Significant Angles**:
- **45° (196.718)**: This was tested as a key resistance before the market shifted downward.
- **90° (194.506)**: The price broke below this level, confirming it as a resistance.
- **180° (190.121)**: Currently acting as support, the price is consolidating near this level.
3. **Downtrend Guidance**:
- The price appears to respect the geometric lines, moving along the 45° and 90° downward angles, suggesting a structured downtrend.
- Future price action will likely test the lower levels at 225° (187.947) and 270° (185.786).
4. **Time Cycles**:
- Vertical lines in the chart indicate Gann time cycles, potentially predicting reversals or continuation.
- The key date to watch seems to be **around January 20th** for a possible shift in momentum.
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#### **Potential Scenarios**
1. **Bearish Continuation**:
- If the price breaks below the **180° support (190.121)**, it is likely to test the **225° (187.947)** and even the **270° (185.786)** levels.
- This would confirm the ongoing downtrend.
2. **Bullish Reversal**:
- A strong bounce from the **180° level** could see the price attempting to reclaim **194.506 (90°)**, followed by the **196.718 (45°)** resistance zone.
3. **Time Factor**:
- Watch the upcoming vertical time markers for confirmation of turning points, especially near key angles.
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#### **Conclusion**
The Gann Square of 9 provides a structured framework for understanding price action in GBP/JPY. With the **198.942 pivot** as the starting point, the tool successfully highlights key price levels and time cycles. For traders, the next steps should focus on:
- Monitoring the **180° level (190.121)** for either a breakout or a bounce.
- Keeping an eye on time markers for potential shifts in momentum.
As always, combine the Gann tool with other indicators like trendlines or Fibonacci retracements to increase reliability.
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Extra : Gann Grid my way:
**Disclaimer**: This analysis is for informational purposes only and not financial advice. Always perform your own research before trading.
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