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Gbpjpyforecast

GBPJPY (4HR) BREAK AND RETESThello, as I said yesterday GJ is at critical area where it has tested for support, resistance in the past(1 week) major structure, but price eariler today touched the minor weekly trendline, and retraced little but still maintaining a bullish momentum. So i want to see price break trendline and retest . but always set alerts at your trendlines to avoid impulsive trading casing to losses. Pay attention to every single detail, have multiple confluences. look at structure. TIP: always mark monthly foundation lines, trendlines price always reacts around those areas. share your thoughts Jesus loves you and died for you <3
Long
by louisemwesigwa
4
GBPJPY (1W) Currently, right now we are at a critical area, where price has tested before and respected in the past, pay attention to the candle wicks, divergence . I believe GJ will open up with a bullish momentum on smaller timeframes then make a bearish move but eventually break off with a bullish overall and touch the major monthly trend line and eventually drop(bearish ) but for now am expecting to see consolidation before breaking the monthly trend line as the area where GJ is at major trend lines, areas of resistance so trade wisely . For this week it may close with a Doji candle or bullish candle.Overall Pray and use risk management before entering any trade. Trade what you see and not what think Share with me your thoughts Jesus Christ loves you ❤️
by louisemwesigwa
2
GBPJPY has formed a Fish pattern!!GBPJPY is showing strong bullish momentum in all timeframes. Currently, it is over daily and weekly resistance and already tested once as support on the daily timeframe and formed a Doji. If this instrument opened with a gap to the upside tomorrow, we may see an aggressive move to the upside. Or we may see another retest of the daily resistance( 156.05) as support and may start to move up. On the other hand, If it is a false breakout to the upside, we may see a big candle to the down. If so, we will wait for a retest fo the broken resistance ( 155.80)and will look for short. If you enjoy this analysis please thumbs up. Thank you.
Long
by ForexWizard01
GBPJPY LONG (4HR)Hello, right now price is making an impulsive move and we want to see price break and retest, as price is on a sensitive area where it has tested as support and resistance several times in the past so we know price moves in three direction impulsive, correction and continuation. As of now we are in an impulsive move but hope to see correction and continuation to the top break major trend line and then a bearish move although that could take sometime. Basis made on market structures I would love to connect with you all, share opinions ❤️ Jesus loves you and died for you❤️
Long
by louisemwesigwa