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Gbpjpydaily

GBJPY multi frame analysisHello Trader, Here is the full analysis of GBPJPY: 1) Monthly - Prices are currently testing monthly support and if it break then it will test the 135.285 level. 2) Daily - We can see a retracement between 23 and 38 levels. 3) Hourly - We can prices are taking support at monthly level. Action With one hour prospect prices seem to be within weekly and monthly resistance and support. One can wait for either one to break and then take positions. If it falls below monthly then 135.196 will be tested and then possible up move will be seen. if crosses 141.028 then one can look for long position. Technical Indicators: Moving Averages Bullish Technical Indicators Bullish Moving Averages Crossovers Bullish How can you support me : 1) Like my idea. 2) Follow me for more analysis Feedback : Please share your feedback in comments and this will help me to improve my drawing and analysis Note : This is purely for educational purpose.
by technicalwhale
GBPJPY Short trade opportunity! On screen analysis...Hi traders, GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys. As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance. On the 4 hour chart you can see a Counter trend where I drew a purple trend line. A break of the trend line will give us a nice opportunity to go short on this pair. The first target is based on a Fibonacci Retracement level of 0.618 The Second target point is the last Lower Low seen on the Daily chart The Third target point is based on the Fibonacci Trend Extension level of 0.786 Be patient and always trade with care!
Short
by Cas4xx
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