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Gbpjpyanalysis

Update on GBPJPY (Sell)The pair GBPJPY has reach a monthly unmitigated zone, and has mitigated the liquidity, at this point the pair try breaking the high for days now but Sellers would not make way for Bull to break and continue, meaning Bear is like to take control of the price movement pushing it down to the Liquidity gaps that were left behind, For days now the volume at which the pair was moving has reduce indicating that bear is like to take control of the market. The Bull are struggling to break the high but it seems the Bears would not allow. We keep to our plan to sell from the Resistance zone at 183.56 Bear Target; 181.55, 180.69, 179.73. We only plan to Buy when Price breaks the Resistance at 188.56 and retest. #Vimhype Dont for to Like, Share, Comment, and Follow.
Short
by Vimhype
Watch out for a big fall in GBP/JPYDear traders, GBP/JPY is on a strong uptrend for many weeks now. However, the uptrend seems to have lost momentum in the last few days. The current scenario can be compared to that of a melt-up. However, if the bears step in now, expect a quick fall in GBP/JPY. Watch out for a bearish price action to sell and expect price to fall to at least 172. Price is very over-extended from the EMA so, I do not recommend any long entries at the current level .
by YourLazyTrader
10
GBPJPY Trade SETUP H4GBP/JPY closed at 182.66. Regarding its resistance, the first resistance area is around 182.90. If it breaks, GBP/JPY may reach 183.33. You can consider selling GBP/JPY if a candle rejects the resistance area. As for support, the first support level is at 181.88, and there is an upper trendline formed as well. If that trendline breaks, GBP/JPY could drop to 180.47. Therefore, it is important to keep an eye on these levels. I hope your trades will be successful and profitable, by the will of Allah. Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
by ShaniTradingHub
1