First update of the week - GBPJPY! Bullish momentum is slowing down, as we get near to the top. Institutional money managers are opening their sellers order, making GBPJPY go into a redistribution phase. We should see more & more sell orders being opened & the official downtrend start very soon, around January 2024. Which is just over a month & a half away😉
As we seen last week price was ranging the whole week before doing a 600pip drop! Just to end up right back in the same exact range that it dropped from 181.000 - 182.000. To me that says a lot especially looking from the daily timeframe and not allowing the smaller timeframes to throw off my game. I am interested to see what price does exactly next week. Happy...
D,4H,1H,15M time frames are bullish. 1st set up - BUY entry target is 175.222 just waiting for the 15m/1h rejection before entering. 2nd entry at 175.396 (5min/15min Time frame) with 176.400/176.300 as target (previous high) 111 pips 2nd set up - SELL if price breaks below 175.170 5/15 min time frame, will go in for a sell 174.435 73 pips Anyone got...
strong support on 173.900 range. my entry on 173.985 is strong going to previous high of 174.250.... Currently on the 4h time frame strong bullish candle...will continue to who knows when :) anyone got similar buy set up?
GBPJPY looks nice creating a nice range potential breakout Soon either way ill be buying over 167.483 or selling under 165.947 My idea .
my idea, right now year ending not treading much just waiting for good confirmations..
Looking for price to pump up to 167.75 area for a sell down to demand zone of previous lows
FX:GBPJPY We finally see some strength coming back in the Yen. We have hit the bottom the Daily Range and might see some upside momentum coming in, before we go down further for a bigger down push. With the Help of our TDT Reich System we will wait for the right opportunity to enter the Market, likely on the Hourly.
Hello traders 👋 Although GBPJPY has formed a double bottom pattern around 160.300 and is rising, It settled at the previous strong key level of 163.600 and showed a short-term decline.A long trading prediction is that the short-term bearish trendline will break down.
GBPJPY trading in descending triangle pattern. Traders need pay attention to break this pattern. We have 2 option trade.
as we monitor gbpjpy we can see it forming a symmetric triangle > for the sake of this trade/profit we will assume that it is. most profit potential is on the 2-day chart key point: . Resistance: > after the breakout, of the previous resistance 157, we see GJ made a high of 168 also failing to break this twice we can call this our roof > after 168 we see...
As you can see , pair made same pattern on exactly same levels. It made HnS on 30 min chart , wait for neckline break Trade safe guys !
GBPJPY has been trading in broading wedge. Recently price hit the top of the the wedge and come down, making a lower high. We are expecting a bearish move from here till 165.200 region where support can be found. Trade your levels accordingly.
Monthly bias - short: Rejection from the monthly sell zone + liquidity run above previous high. Weekly bias - short: Previous weekly candle is filling the pin bar wick that we’ve created in week 13. This tells me that we’re almost ready to create the next move downwards. Week 15 - analyses: I expect a push up towards the 162.8 area where the .618 fib is located...
GBPJPY SEll Entry 158.136 TP 157.313 SL 158.366 Enjoy this trade and make money
Analysis on #GBPJPY The GBPJPY may soon come to test a strong structure support zone near a very strong level 150.00 where buyers showed interest at this level. >> If the market test my weekly structure support level where I will look for the market to turn bullish on the lower time frame, before looking for a buying trade with a good risk to reward if the...
The 156 level is extremely important for the pound yen, if price breaks above it and finds support, we will be expecting price to retest the top of the consolidation channel at 160. Otherwise, we can expect to see price retest the bottom of the channel at 149. We are neutral on this pair.
The euro has significantly strengthened over the past week and is very likely to continue to strengthen against the yen. A possible new starting point upwards will be the level 131.345, which is supposed to be approached at the very beginning of the week. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!