Double Top hinting trend reversal in GBPJPY to bearishDouble top with bearish divergence hinting a trend reversal from bullish to bearish in GBPJPY in H4 timeframe if the support level of 165.4 is broken.
Gbpjpyh4
GBPJPY H4Hi traders, GBPJPY is setting up for a upside move i am expecting a small timeframe correction to form and break for upside and go to our target area. If its not happend and price drop from the current area then we will be watching the area that i mentioned in chart for upside move GOOD LUCK.
GBPJPYHello traders. Negative divergence in daily timeframes is evident in the price, and a new bottom that is lower than the last bottom in the uptrend, so I expect the price to fall at least to the previous floor. If you agree with me, do not forget to like.
GBPJPYHello traders. I expect the price to complete the 5 motivational wave and go at least to its previous level. Are you agree?
GBPJPYHello traders. With the price reaching the level of 50% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
GBPJPY Bullish Convergence, 4 plus % gain within 1 weekRSI Convergence
If 133.1-133.9 Resistence zone breaks then bullish reversal,
Target 139.
Trading Pathways Analysis of GBPJPY H4 Chart
The outlined white arrow pathway is the predicted pathway that the GBPJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPJPY will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
GBPJPY Analysis ( Short)The currency pair continues to lose ground against the US dollar, sliding deeper under the support at 143.00 and headed to the target at 142.00 A breach through this level could lead to a test of the next support at 141.200 and could be sign for further negative moves for the Cable. If the bears lose momentum, the bulls can take control and try to bring back the price to the levels from the beginning of the week towards the resistance zone at 142.600 and test of the next level at 143.300 Here a successful breach would confirm a positive momentum for GBPJPY
GBPJPY sell 143.200-143.400 SL 143.700 TP 142.200 TP2 142.166
Sell GBPJPY Longterm Based on Rising Wedge + H&S PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Sell GBPJPY Longterm Based on H&S Chart Pattern on H4 TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPJPY H4 SELL SETUPGBPJPY has been turning bullish for the last few weeks, with impulse up as wave A) shown on the daily chart which means that market is in a bigger three wave recovery which is expected to resume after wave B) pullback, that can be as of current price activity completed. We are specifically talking about the new bounce, that occurred the past week, from around the 136.50 level. On the 4h chart, this rally is seen as a minor impulsive wave one. That said a break above the wave A swing level at 142.14 would suggest higher levels to follow.
GBPJPY H1 / H4 ForecastGBPJPY H1 Forecast: i think this pair is still very bearish. Price will move down in major moves. Therefore i expect small retracement, then further down.
