GBPJPY THROUGH THE ROOF !!GBP/JPY presents a compelling buy, driven by contrasting central bank policies. The Bank of England’s higher rates lend strength to the pound, while the Bank of Japan’s commitment to low rates continues to weaken the yen. This divergence creates a favorable buying environment, especially as Japan shows no signs of tightening its monetary stance. With additional support from strong technical levels and the UK’s resilient economic indicators, GBP/JPY is well-positioned for potential gains, making now a strategic moment for buyers to capitalize on this opportunity.
GBPNOK
GbpNok Above Monthly ResistanceThis pair ran up above Monthly Resistance.
I cant show everything in my mobile chart but this is at a sell area.
Please wait for a sell signal before pushing the sell button.
A good trend indicator will give you a good sell signal on the time frame you like to enter on.
This is a long term signal for me
GBPNOK Bull Market (September 14th 2022) Wait for a close above 11.6900 in considering a long position. Candlestick must close above 11.6900 in order to consider a long position.
Market conditions currently look good for a potential move upwards. Higher low formed at time mark 19:00 on 1H Time Frame.
GBPNOK LONG SETUPGBPNOK LONG SETUP
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- Oil drop due to slow down/recession in China
- Better than expected U.K earning
- Above TC red line and VWAP
- About to break the diagonal Resistance
- Cup & Handle formation
GBPNOK LONG - Buy Entry - D1 ChartGBPNOK LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: GBPNOK
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Resistance @ 12.41680
Resistance @ 11.97872
Pivot Point Yearly @ 11.89933
Resistance @ 11.83269
Resistance @ 11.66966
Support @ 11.30668
Support @ 11.21511
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GBPNOK MULIT-TIMEFRAME ANALYSIS & TRADE - DAILY W & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
Looking at Monthly we're about to have a cut for short on the EMAs, though we still have a bullish due to MACD above 0. Also looking at Weekly we have an ICI, we already have the impulse and the retracement up to the 0.50 of the fibonacci retracement.
Dropping down to the Daily we have a W pattern forming where we can see a retracement to the neckline or wick of the daily candle and a retest of the structure of previous resistance turns support.
Now on the 4H where we take our entry for the Buy on the neckline or wick of the W formation, though we still have a bullish momentum on this we will wait for the retracement before continuing its uptrend, stop loss is below the low and the take profit is at the fibonacci of the impulse of the W formation. Our entry for the Weekly ICI is on the 0.50 retracement where its also aligned with structure.
Trade Signals
BUY
Entry: 11.5815
Take Profit: 11.7230
Stop Loss: 11.5347
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SELL
Entry: 11.7225
Take Profit: 11.2265
Stop Loss: 11.8204
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
GBPNOK rotation, double bottom to longI'm checking the situation on GBPNOK for few weeks and things are finally happening. I see a nice opportunity from weekly and monthly timeframes to end that descending triangle and break out from it back to the bullmarket, lower timeframes just confirms that! I'll wait for singnal to buy in that green reaction zone and specially on level 11.5621 which got the biggest volume. If something interesting will happen, my stop loss would be 11.4297, so i think we'll go up next week probably from saturday, but without a right reaction on levels there's no trade so be parioent and stick to the plan! Wish u good luck!