I expect a general increase in the YEN strength. It's totally oversold and Nikkei index reached a crucial level. I think Japan's will start to reverse the trend soon. I expect a good drop on major XXX/JPY pair, and especially GBPJPY looks ready for a long term sell
This is a video explaining my previous screenshot On the higher time frame, the #GBPJPY exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, we want to lookout for specifically, a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation...
On the higher time frame, the GBPJPY displays a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes (15m - 5m), we should closely monitor specific price action patterns. Look for signs of a double bottom setup followed by a break below the previous lows. Anticipate a robust rally and subsequently, a higher low...
Hello traders here is my analysis for the GBPJPY, as you can see the price has been on a bullish trend for the past weeks and months but you can also see that it has reached a higher trend line and there are more chances that the price can reverse from now on to a bearish trend so now I will wait and look for reversing pattern so I can ride this trend downwards.
Good Morning guys, I just not to long ago closed this buy on GBPJPY - I Took the trade yesterday evening and held it (during the Asian session overnight) I just woke up Let me explain why I took this trade These are my confirmations\questions > Question 1 - Was GBPJPY in momentum (bullish or bearish)? Yes, GBPJPY was in bullish Momentum at the time of me...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line RSI - Divergence Break of Structure and Completed the Retracement Completed " 1234 " Impulsive Waves
GBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement. Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point...
#GBPJPY downtrend pauses with a shift in the trend. Theres a potential buy opportunity if price breaks the previous high and retraces giving us a bullish break of market structure. Remember, trading is risky. This is just my opinion, not financial advice.
The GBPJPY has reached into a notable resistance level, and the present price seems excessively extended, surpassing previous buyside liquidity. Anticipating a potential retracement, there is a potential buying opportunity if the price retraces within the 50% to 61.8% Fibonacci range. Please be aware that the information shared here is solely for educational...
looking bullish trend in 4h timeframe beacour follow 12345 waves
According to what I see in GBPJPY, seems that we had all corrections. Also I think for the price it took more time to reach this level of price if we compare with impulse movement before start of correction. Wave B moved most of wave A, which I think is reasonable as wave A is a 3 wave correction. The time for wave B is a bit more than wave A, and wave C took more...
Dear Traders, +++jpy pairs will drop heavily once BOJ decides on their interest rate and monetary policies which will occur within a week. That data will hugely affect on all the pairs that are link with yen. With long term our aim we are expecting price to be at 165-170 price region. Please remember this is swing idea and not intraday setup, we share to you so...
Dear Traders, FX:GBPJPY price consolidated and it is time to extract from that consolidation phase, we are now targeting 190 price region which will be crucial to look around that area. Entry now with accurate stop loss can be a good option to buy swing and take advantage this trade. trade smart not emotionally,
my forecast for GBPJPY after Breakout to go down, do you want to enter?
GBPJPY forecast to down or to up, i will wait the breakout to have good entry
This is for short term Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter And this is risky too. Please DYOR before entering the trade.
The British pound has rallied during the trading session on Monday, reaching the top of the short-term consolidation region that we have been in. With this being the case, the market is likely to continue seeing more of a “buy on the dip” attitude as the interest rate differential between the 2 economies and currencies is big enough to warrant the “carry trade.”...
The International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy...