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GBPJPY Technical Analysis 05.07.2023 1h chart– Previous Daily candle closed weak Doji Bullish at 183.590 as the Daily consolidating. – Buys on close above 183.920 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.300 targeting 4h previous Resistance formed at 182.860, Leaving Runners to the Daily Support formed at 182.480. – Overall price is still Consolidating within the Daily timeframe as there has been less volume in the market.
by SalimFX20
GBPJPY Technical Analysis 04.07.2023 1h chart– Previous Daily candle closed Bullish at 183.560 below Daily Resistance formed last Wednesday 28th June 2023. – Buys on close above 183.760 targeting Daily previous Support formed on 3rd December 2015 at 184.240, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.010 targeting Daily Support formed at 182.440, Leaving Runners to the 4h Support formed at 182.160. – Both targets for Buys and Sells remained exactly the same as yesterday’s analysis as price have been ranging within the No Trade Zone identified on yesterday’s analysis.
by SalimFX20
GBPJPY Technical Analysis 03.07.2023 1h chart– Previous Monthly and Weekly candle (June) closed Bullish at 183.170, Friday Daily candle also closed Bullish forming Daily Support at 182.490. – Buys on close above 183.760 targeting Daily previous Support formed on 3rd December 2015 at 184.240, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.010 targeting Daily Support formed at 182.440, Leaving Runners to the 4h Support formed at 182.160. – Ideally is to allow the Asian session to consolidate forming new Range for the new Monthly, Weekly and Daily candle and wait for a good confirmation setup during the London / New York session.
by SalimFX20
GBPJPY Technical Analysis 30.06.2023 1h chart– Previous Daily candle closed Doji Bearish at 182.490 as price has been consolidating on the Thursday across the 3 sessions. – Buys on close above 182.890 targeting 1h Resistance at 183.420, Leaving Runners to the 30min Resistance formed at 183.770. – Sells on close below 182.230 targeting 4h Support at 181.860, Leaving Runners to the next 4h Support formed at 181.590. – Overall targets for Sells have being kept the same as yesterday’s analysis as price ranged above the Sell target area.
by SalimFX20
GBPJPY Technical Analysis 29.06.2023 1h chart– Previous Daily candle closed Bearish at 182.490 forming new Daily Resistance at 183.620. – Buys on close above 182.670 targeting 1h Resistance at 182.930, Leaving Runners to the 1h previous Support formed at 183.210. – Sells on close below 182.140 targeting 4h Support formed at 181.860, Leaving Runners to the next 4h Support formed at 181.590 – As the Wednesday Daily candle corrected the Bullish move from Tuesday this week price could possibly consolidate within the current Daily price action as the June Monthly candle coming to a close.
by SalimFX20
GBPJPY Technical Analysis 28.06.2023 1h chart– Previous Daily candle closed strong Bullish at 183.620 forming new Daily Support at 182.380. – Buys On Close Above 183.920 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.410 targeting 4h previous Resistance formed at 183.060, Leaving Runners to the 1h Support formed at 182.700. – High Impact News ahead for the Pound Sterling and Japanese Yen as Both Central Bank governors ” Bailey and Ueda ” due to participate in a panel discussion titled ” Policy Panel ” at the ECB Forum on Central Banking in Sintra, Portugal.
by SalimFX20
GJI don't know what I am doing wrong but I keep getting it wrong as moderators keep flagging my posts. The impulse upwards was an indication that the demand and the supply met each other at the right time. The blue rectangle was an indication of a area of sensitivity, the market turned just before our entry point. Therefore we missed the initial target but that's okay because they'll always be another trade. I am trying to write this as long as possible because maybe then it won't get flagged. My work and analysis is straight forward and easy to understand but clearly I need to make it complicated and full of things that are not needed. We see rejection and continuation from both sides, lots of candles, wicks left & right, up & down, sensitive zones, bear candles, bull candles, candlestick formations, channels and movements.
Long
by Mhangwane1
GBPJPY Technical Analysis 27.06.2023 1h chart– Previous Daily candle closed Doji Bearish at 182.380 rejecting the Friday Highs. – Buys on close above 182.890 targeting Daily Resistance formed on 17th December 2015 at 183.320, Leaving Runners to the Daily previous Support formed on 16th October 2015 at 183.710. – Sells on close below 182.270 targeting 4h Support formed at 181.900, Leaving Runners to the next 4h Support formed at 181.590. – Price could possibly consolidate on the Daily or the 4h timeframe for most part of the week as the Monthly candle for June coming to a close by end of this week.
by SalimFX20
GBPJPY Technical Analysis 26.06.2023 1h chart– Previous Weekly candle closed Bullish at 182.670 and the Friday Daily candle also closed Bullish above the recent Daily Resistance formed on Monday last week. – Buys on close above 183.000 targeting Daily Resistance formed on 17th December 2015 at 183.320, Leaving Runners to the Daily previous Support formed on 16th October 2015 at 183.710. – Sells on close below 182.390 targeting Daily / 4h previous Resistance formed on 20th June 2023 at 181.920, Leaving Runners to the 4h Support formed at 181.580. – Ideally is to allow price to consolidate during the Asian session for market open and to wait for higher volume session (Pre London session) to have a higher probability setup.
by SalimFX20
GBPJPY Technical Analysis 23.06.2023 1h chart– Previous Daily candle closed Bullish at 182.370 breaking above Daily Resistance formed on Monday this week. – Buys on close above 182.570 targeting Daily previous Support formed on 16th December 2015 at 182.900, Leaving Runners to the Daily Resistance formed on 17th December 2015 at 183.320. – Sells on close below 182.040 targeting 1h previous Support formed at 181.650, Leaving Runners to the 4h Support formed at 181.330. – High Impact News ahead 1hour before the London session opens for the Retail Sales m/m. later into the London session we have Flash Manufacturing PMI and Flash Services PMI.
by SalimFX20
GBPJPY Technical Analysis 22.06.2023 1h chart– Previous Daily candle closed Bullish at 181.090 forming new Daily Support around 140.480. – Buys on close above 181.250 targeting Daily Resistance formed at 181.870, Leaving Runners to the Weekly previous Support formed on 5th October 2015 at 182.300. – Sells on close below 180.600 targeting 4h Support at 180.190, Leaving Runners to the 1h Support formed at 179.920. – High Impact News ahead of the London session / Pre New York as Bank Of England announce decision on Bank Rate forecasted to increase by 0.25% to 4.75% previously was 4.50%, High Volatility expected during the news release.
by SalimFX20
GBPJPY Technical Analysis 21.06.2023 1h chart– Previous Daily candle closed Bearish at 180.480 respecting Daily Resistance formed on Monday 19th June 2023. – Buys on close above 180.600 targeting 30min Resistance at 181.100, Leaving Runners to the 1h Resistance formed at 181.570. – Sells on close below 179.930 targeting 1 Support formed at 179.510, Leaving Runners to the 4h Support formed at 179.120. – High Impact News ahead of the London session that could impact price movement with this pair, CPI y/y forecasted at : 8.4% previously was 8.7%.
by SalimFX20
GBPJPY Technical Analysis 20.06.2023 1h chart– Previous Daily candle closed Bearish at 181.480 forming Daily Resistance around 181.850. – Buys on close above 182.030 targeting the previous Weekly Support formed on 5th October 2015 at 182.320, Leaving Runners to the previous Daily Support formed on 16th December 2015 at 182.890. – Sells on close below 181.220 targeting 30min previous Resistance formed around 180.680, Leaving Runners to the 1h Support formed at 180.250. – As Daily formed Resistance it would be good to have price retrace on the higher timeframe and form Support and a new Range to then retest the current Highs to play the overall higher timeframe Bullish trend.
by SalimFX20
GBPJPY Technical Analysis 19.06.2023 1h chart– Previous Weekly candle closed strong Bullish at 181.860 as the strong Bullish momentum continues, Friday Daily candle also closed strong Bullish. – Buys on close above 182.300 targeting Daily previous Support formed on 16th December 2015 at 182.890, Leaving Runners to the Daily Resistance formed on 17th December 2015 at 183.320. – Sells on close below 181.550 targeting 15min Support formed at 181.030, Leaving Runners to the 1h previous Resistance formed at 180.500. – Ideally is to allow the Asian session to consolidate and form a new range for the start of the Weekly candle to then for price to breakout of the Zone during the London / New York session.
by SalimFX20
GBPJPY Technical Analysis 16.06.2023 1h chart– Previous Daily candle closed strong Bullish at 179.240 as the strong Bullish momentum continues. – Buys on close above 179.760 targeting previous Weekly Support formed on 7th September 2015 at 180.360, Leaving Runners to the Monthly Low formed in October 2015 at 180.680. – Sells on close below 179.040 targeting 15min Support formed at 178.640, Leaving Runners to the 4h Support formed at 178.220. – High Impact News ahead for the Japanese Yen as Bank Of Japan review Bank Rate decision during the Asian session.
by SalimFX20
GBPJPY Technical Analysis 15.06.2023 1h chart– Previous Daily candle closed small Bullish at 177.300 as price ranged overall during the Wednesday session. – Buys on close above 173.580 targeting Monthly previous Support formed in April 2015 at 177.940, Leaving Runners to the Daily Resistance formed on 31st December 2015 at 178.500. – Sells on close below 177.110 targeting 1h Support formed at 176.740, Leaving Runners to the 4h Support formed at 176.540. – Overall price consolidated during the Wednesday trading session respecting the No Trade Zone that was identified on the Analysis posted for 14th June 2023.
by SalimFX20
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GBPJPY Technical Analysis 14.06.2023 1h chart– Previous Daily candle closed strong Bullish at 176.800 breaking above the Daily Resistance formed on Monday, forming new Daily Support around 174.490. – Buys on close above 177.100 targeting previous Daily Support formed on 21st April 2015 at 177.580, Leaving Runners to the previous Monthly Support formed in April 2015 at 177.940. – Sells on close below 176.520 targeting 4h previous Rejection at 176.050, Leaving Runners to the 1h previous Resistance formed at 175.640. – High Impact News ahead of the Pre London session for UK Economy, GDP m/m forecasted at : 0.2% / previously was -0.3%.
by SalimFX20
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GBPJPY Technical Analysis 13.06.2023 1h chart– Previous Daily candle closed Bearish at 174.500 forming new Daily Resistance at 175.250. – Buys on close above 174.910 targeting 1h Resistance at 175.120, Leaving Runners to the 4h Resistance formed around 175.380. – Sells on close below 174.450 targeting 1h Support at 174.150, Leaving Runners to the next 1h Support formed around 173.950. – High Impact News ahead of the Pre London session for the Claimant Count Change, Average Earnings Index 3m/y and Unemployment Rate, During New York session we have Bank Of England Governor Andrew Bailey due to testify about central bank independence before the House of Lords Economic Affairs Committee in London.
by SalimFX20