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GBPJPY Technical Analysis 25.08.2023 1h chart– Previous Daily candle closed small Bearish at 183.720 respecting the No Trade Zone we’ve had on yesterday’s Analysis. – Buys on close above 184.150 targeting 1h Resistance at 184.580, Leaving Runners to the 4h previous Support formed on 20th August 2023 at 184.880. – Sells on close below 183.460 targeting Daily previous Resistance formed on 2nd August 2023 at 183.070, Leaving Runners to the 4h Support formed at 182.510. – As Thursday Daily candle ranged within the No Trade Zone, Sells targets remained the same as the previous Analysis.
by SalimFX20
GBPJPY Technical Analysis 24.08.2023 1h chart– Previous Daily candle closed strong Bearish at 184.220 respecting Daily Resistance formed on Tuesday and breaking below Daily Support formed on Monday this week. – Buys on close above 184.470 targeting 30min Resistance at 185.050, Leaving Runners to the 4h Resistance formed at 185.700. – Sells on close below 183.500 targeting Daily previous Resistance formed on 2nd August 2023 at 183.070, Leaving Runners to the 4h Support formed at 182.510. – Sells have been predicted from the beginning of the week, Weekly current Rejection level is a strong Monthly and Weekly Resistance formed in November 2015.
by SalimFX20
GBPJPY Technical Analysis 23.08.2023 1h chart– Previous Daily candle closed Bearish at 185.670 forming Daily Resistance at 186.430. – Buys on close above 186.180 targeting 1h Strong Resistance formed at 186.550, Leaving Runners to the Weekly Rejection formed on 23rd November 2015 at 186.980. – Sells on close below 185.480 targeting Daily / 4h Strong Support formed at 184.890, Leaving Runners to the 4h Support formed at 184.450. – High impact news during the London session for Flash Manufacturing PMI and Flash Services PMI, High Volatility expected during the news release.
by SalimFX20
GBPJPY Technical Analysis 22.08.2023 1h chart– Previous Daily candle closed strong Bullish at 186.430 breaking and closing above Daily Resistance formed on Thursday 17th August 2023, Monday Daily candle also formed Support around 184.900. – Buys on close above 186.750 targeting previous Daily Resistance formed on 31st August 2015 at 187.500, Leaving Runners to the Daily Resistance formed on 19th November 2015 at 188.370. – Sells on close below 186.120 targeting 4h previous Support formed on 16th August 2023 at 185.550, Leaving Runners to the 1h Strong Support formed at 185.100. – Price is trading at strong higher timeframe Resistance on the Monthly and Weekly, so we could possibly see a weekly Rejection, Also the current Weekly candle hasn’t formed a bottom wick either. despite the price being extremely Bullish it is important to pay attention to where price trading at the moment.
by SalimFX20
GBPJPY Technical Analysis 21.08.2023 1h chart– Previous Weekly candle closed Bullish around 185.040 leaving a Rejection at 186.490 as price approach strong Monthly Resistance formed in November 2015, Friday Daily candle closed Bearish respecting Daily Resistance formed on Thursday last week. – Buys on close above 185.290 targeting 1h Resistance formed at 185.670, Leaving Runners to the Daily Resistance formed at 186.250 – Sells on close below 184.560 targeting 4h Resistance formed on 14th August 2023 at 184.060, Leaving Runners to the 4h Support formed at 183.610. – Ideally is to allow the Asian session to form new Price Action for the new Weekly candle and wait for a higher probability set up around Pre London session.
by SalimFX20
GBPJPY 20/8/2023Starting our week off the same way we have the last few weeks with GJ. Now on Friday we had a slow day for PA but overall we did put a new sell range in, showing deeper sell side prices are to be expected for the next expansion on GJ, now there are some keu points to keep in mind with the range. firstly we have a very weak break on our SWL, this tells us that price is slowing down on the sell side so we should use caution on entry into our sell trade. Secondly we have a very low volume POI as it sits within out Asia range which has a lot lower levels of liquidity than our NY and LDN. thirdly we have a C-swing POI that has pushed price out of our SWL poi bringing us into the 50% level of our range, we also have the ASIA high above our SWH so overall very low risk if we enter this range overall. **KEY NOTE** Jackson hole meetings this week that always shake up the markets so please keep an eye on that event! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY Technical Analysis 18.08.2023 1h chart– Previous Daily candle closed Bearish at 185.790 forming Daily Resistance at 186.250. – Buys on close above 186.020 targeting 4h Resistance at 186.470, Leaving Runners to the Daily previous Resistance formed on 5th November 2015 at 187.020. – Sells on close below 185.510 targeting 4h previous Resistance at 185.200, Leaving Runners to the 4h Support formed at 184.810. – Medium impact news ahead of the Pre London open for the UK Retail Sales m/m, High Volatility expected at the London open.
by SalimFX20
GBPJPY Technical Analysis 17.08.2023 1h chart– Previous Daily candle closed strong Bullish at 186.250 as price tap into the Strong Monthly Resistance formed in November 2015. – Buys on close above 186.350 targeting Daily previous Resistance formed on 5th November 2015 at 187.000, Leaving Runners to the Weekly Rejection area from November 2015 at 187.400. – Sells on close below 185.510 targeting 4h previous Resistance formed at 185.200, Leaving Runners to the next 4h Support formed at 184.610. – Ideally is to allow price to pullback below 186 level and consolidate, to then have a nice setup for high volume time leading to Pre London open.
by SalimFX20
GBPJPY Technical Analysis 16.08.2023 1h chart– Previous Daily candle closed Bullish at 184.850 as Daily High tapped into the previous Weekly Support formed in November 2015. – Buys on close above 185.280 targeting Monthly Resistance formed in November 2015 at 185.900, Leaving Runners to the Monthly High formed in December 2015 at 186.350 – Sells on close below 184.410 targeting 4h Support formed at 183.950, Leaving Runners to the next 4h Support formed at 183.590. – High-impact news ahead before the London session opens, with a focus on the year-over-year Consumer Price Index (CPI) data for the UK economy.
by SalimFX20
GBPJPY Technical Analysis 15.08.2023 1h chart– Previous Daily candle closed Bullish at 184.550 as price break above the previous Weekly High. – Buys on close above 184.780 targeting previous Weekly Support formed on 9th November 2015 at 185.270, Leaving Runners to the Monthly Resistance formed in November 2015 at 185.900. – Sells on close below 184.330 targeting 4h Support formed at 183.950, Leaving Runners to the next 4h Support formed at 183.590. – High impact news 1hour before London session opens for the Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected at the London session open.
by SalimFX20
GBPJPY Technical Analysis 14.08.2023 1h chart– Previous Weekly candle closed strong Bullish at 184.040 forming strong Weekly Support around 180.680, Friday Daily candle closed Bullish but price consolidated within the 4h timeframe. – Buys on close above 184.240 targeting Weekly previous Support formed on 30th November 2015 at 184.610, Leaving Runners to the Weekly previous Support formed on 9th November 2015 at 185.270. – Sells on close below 183.340 targeting 1h previous Resistance formed at 182.970, Leaving Runners to the 4h Support formed at 182.520. – Ideally is to wait for price to form new Resistance on the Daily or the 4h to retrace, establish a new Support to then anticipate for price to retest the highs to continue Bullish.
by SalimFX20
GBPJPY 13/8/23Starting off our Sunday as always with GJ, we came out of last week with 2 clean entries using our ASE system, overall we have a very obvious trendline liquidity zone within our bullish swing range, also known as internal liquidity. this gives price a clear area of liquidity to sweep out before carrying over our order flow. We are looking for our SWH as our target, but of course we will want to see a shift down to bring us back to our bank order zone before going higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY Technical Analysis 11.08.2023 1h chart– Previous Daily candle closed Bullish at 183.470 closing below Daily Resistance formed on 6th July 2023 leaving 76 pip Rejection wick to the upside. – Buys on close above 183.840 targeting 1h Resistance at 184.110, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.270 targeting 1h previous Resistance formed at 182.970, Leaving Runners to the 4h Support formed at 182.530. – High Impact News at the Pre London session open for GDP m/m and Prelim GDP q/q, High volatility expected at the London open.
by SalimFX20
GBPJPY Technical Analysis 10.08.2023 1h chart– Previous Daily candle closed small Bullish at 182.820 as price consolidated during the Wednesday session across the three trading sessions. – Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510. – Sells on close below 182.360 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370. – Overall price still holding Resistance and has respected the No Trade Zone from the previous Daily Analysis, so waiting for a confirmation is a Must as price continues to range.
by SalimFX20
GBPJPY Technical Analysis 09.08.2023 1h chart– Previous Daily candle closed Bullish at 182.620 as Daily candle tapped into Daily Resistance formed on Wednesday 2nd August 2023. – Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510. – Sells on close below 182.200 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370. – Price approaching strong level on the Monthly, Weekly and Daily Resistance so we could possibly see another rejection at that level.
by SalimFX20
GBPJPY daily timeframe analysisGPBJPY analysis was requested by a member, I have no bias just simple analysis. Bullcase: We have rejected key levels of support that extend as far back as 2015, with these levels being respected I anticipate price to continue up towards the level of rejection marked in blue. Bearcase: 179.729 is a key level of support, if this breaks there is opportunity for price to continue down. The main issue right now revolves around JPY weakness which is the reason for GBPJPY going on such a push to the upside, however, as soon as the BOJ intervene with the Yen I believe that will be the end of the bull-case and sells will be good until roughly 160
by FriesianFX
GBPJPY Technical Analysis 08.08.2023 1h chart– Previous Daily candle closed Strong Bullish at 182.060 forming Daily Support at 180.660. – Buys on close above 182.500 targeting 1h Resistance formed at 183.000, Leaving Runners to the next 1h Resistance formed at 183.250. – Sells on close below 181.910 targeting 4h previous Resistance formed on 4th August 2023 at 181.630, Leaving Runners to the 30min Support formed at 181.300. – The current Monthly retracement could be the new Weekly forming top wick before breaking the Lows.
by SalimFX20
GBPJPY Technical Analysis 07.08.2023 1h chart– Previous Weekly candle closed weak Bearish at 180.660 leaving a Rejection at 183.240 rejecting Weekly Resistance formed on 3rd July 2023, Friday Daily candle closed Bearish but respected the Thursday Daily Low. – Buys on close above 181.340 targeting 4h Resistance at 181.660, Leaving Runners to the 4h previous Support formed on 2nd August 2023 at 182.020. – Sells on close below 180.500 targeting 4h previous Support formed on 20th July 2023 at 180.000, Leaving Runners to the 1h previous Strong Support formed on 12th July 2023 at 179.540. – Ideally is to allow the Asian session setup a new Range for the week ahead and wait for strong confirmations.
by SalimFX20
GBPJPY Technical Analysis 04.08.2023 1h chart– Previous Daily candle closed Bearish at 181.060 respecting Daily Resistance formed on Wednesday at 183.060. – Buys on close above 181.430 targeting 1h previous Support formed at 181.860, Leaving Runners to the Weekly Resistance formed at 182.230. – Sells on close below 180.510 targeting 4h previous Support formed on 20th July 2023 at 180.000, Leaving Runners to the 1h previous Strong Support formed on 12th July 2023 at 179.540. – Huge Rejection on the Weekly candle rejecting the Weekly and Monthly Resistance, would be good to see the Friday forming minor Support, then have the next weekly candle continue the Bearish momentum.
by SalimFX20
GBPJPY Technical Analysis 03.08.2023 1h chart– Previous Daily candle closed Bearish at 182.080 forming Daily Resistance at 183.060 price respected the Weekly Resistance formed on 3rd July 2023. – Buys on close above 182.460 targeting 30min Resistance formed at 182.880, Leaving Runners to the 4h Resistance formed at 183.140. – Sells on close below 181.840 targeting 1h previous Resistance formed at 181.400, Leaving Runners to the 1h Support formed at 180.920. – High Impact News ahead of the London session / Pre New York open as Bank Of England review the interest rate, Starting with BOE Monetary Policy Report, MPC Official Bank Rates Votes, Official Bank Rate and followed by Press Conference held by Bank Of England Governor Andrew Bailey about the decision of the Bank Rate hosted at the Bank Of England in London.
by SalimFX20
GBPJPY Technical Analysis 02.08.2023 1h chart– Previous Daily candle closed weak Bullish at 183.070 as price has been consolidating across the 3 trading sessions on the lower timeframe. – Buys on close above 183.180 targeting 4h Resistance formed at 183.500, Leaving Runners to the 4h Strong Resistance formed at 183.830. – Sells on close below 182.530 targeting 30min Support formed at 182.100, Leaving Runners to the 1h previous Support formed at 181.510. – As the Tuesday Daily has ranged and 4h consolidating there could be a possible Rejection to the upside as price failing to push above, then potentially for price to retest the previous 4h Resistance formed around 181.850.
by SalimFX20
GBPJPY Technical Analysis 01.08.2023 1h chart– Previous Daily candle closed strong Bullish at 182.530 above recent Daily Resistance formed on 24th July 2023. – Buys on close above 183.050 targeting 4h Resistance at 183.500, Leaving Runners to the 4h Strong Resistance formed at 183.830. – Sells on close below 182.140 targeting 1h previous Resistance formed at 181.510, Leaving Runners to the 1h Support formed at 180.870. – As the Monday Daily candle closed Bullish with hardly no wick at the bottom meaning also the Weekly hasn’t formed bottom wick either, So the High formed on Monday could be the Weekly retesting previous Weekly Resistance before price starts to retrace.
by SalimFX20