Get started

Gj

GBPJPY Technical Analysis 15th February 2024 1h chart– Wednesday Daily candle closed Bearish forming Daily Resistance at 189.800, I’ll be looking for potential Buys above 189.300 targeting 4h Resistance at 189.700 and leaving Runners to fill the current Weekly high at 190.090. I’ll be looking for potential Sells below 188.760 targeting 4h Support at 188.420 and Hourly Support at 187.920. As Daily formed Resistance there is a probability for price to retest recent Daily Range around 188.800 and form Support before retesting the recent Highs.
by SalimFX20
GBPJPY Technical Analysis 13th February 2024 1h chart– Monday Daily candle closed weak Bullish with a Rejection wick to the downside as price still trading within the recent 4h range. I’ll be looking for potential Buys above 188.720 to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells below 188.130 targeting 1h strong Support held around 187.760 and next 1h Support around 187.400. Targets for both Buys and Sells remains small due to price ranging on the 4h timeframe but once price break out of the current consolidation zone we will have a much bigger targets.
by SalimFX20
GBPJPY sidemove with tendency to go short down.GBPJPY seems to be moving sideways, showing a tendency to go short. Many retail traders favor trading GJ. I entered the market in the upper region of the previous range that GJ has been following. GJ had an uptrend initially, but since summer, it has been gradually consolidating within a range. It has touched the upper range line at least five times. Now, I believe it's likely to come down, probably settling around the middle of the range.And for the future it will leave the range and continue the uptrend.
Long
by adlafcam
GBP/JPY SELLGJ from last Friday had induced into supply and showed rejections to head down. This morning also created a fake out for early buyers and now looks to continue down for the real move. Upon seeing this and 15min close below zone as additional confirmation I entered sells @188.400 with sl@188.66( Risking 28pips). TP1: 187.75 TP2: 187.55 TP3: 187.25 * Where has the market moved since I entered my trade? In slight profits * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? calm, Confident * What do I like about this trade ? Playing out as anticipated * What do I dis-like about this trade now? nothing * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Short
by mrachaw
GBPJPY Technical Analysis 12th February 2024 1h chart– Previous Weekly candle closed Bullish breaking above recent Weekly Resistance held around 188.200, Friday Daily candle closed weak Bullish with a slight Rejection to the upside almost filling the previous Monthly high, but overall price ranged on the 4h timeframe on the last trading session ( Friday ). I’ll be looking for potential Buys above 188.720 looking for price to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells below 188.200 targeting recent 1h Support (187.920) and previous 4h Support formed on 2nd February (187.500), both targets for buys and sells are fairly big due to price ranging on the 4h timeframe, so waiting for price to break out of the range is a must!
by SalimFX20
GBPJPY Technical Analysis 9th February 2024 1h chart– Thursday Daily candle closed strong Bullish breaking above recent Daily Range (Consolidation), Respecting Daily Support formed on Wednesday. I’ll be looking for potential Buys above 188.490 targeting 4h Resistance (188.790) and previous Weekly Support formed on 13th July 2015 around (189.320). I’ll be looking for potential Sells below 187.940 targeting 4h previous Resistance formed on Friday last week (187.500) and 4h previous Resistance at (187.080). Bullish volume back on higher timeframe as current Weekly candle failed to fill the previous Weekly low, instead current Weekly candle broke above previous Weekly High and currently trading within strong recent Weekly Resistance.
by SalimFX20
GBP BUYGJ was had been ranging and now broken above zone and waited for 8.30 candle close above zone (186.57). Upon seeing close of candle at 8.30am UK time I entered @ 186.600 with sl@ 186.35(25pips) . TP1: 187.00 TP2: 187.300 * Where has the market moved since I entered my trade? near entry still * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Confident * What do I like about this trade ?lines up with my classic typical trade * What do I dis-like about this trade now? choppy * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Long
by mrachaw
GBPJPY Technical Analysis 5th February 2024 1h chart– Previous Weekly candle closed weak Bearish forming weak Weekly Resistance leaving over 210 pip rejection wick to the downside as Daily candle for Friday closes Bullish. I’ll be looking for potential Buys above 187.860 to retest recent Weekly Resistance (188.150) and 1h Resistance (188.450). I’ll be looking for potential Sells below 186.950 targeting recent 1h Support (186.600) and the previous 1h Resistance formed around 186.260. Sells are much cleaner to play out than Buys despite the Weekly rejection, Also bear in mind Daily has retraced all the way back to the previous Daily Range (Consolidation Zone) formed in between (187.560 – 188.230).
by SalimFX20
GBPJPY Technical Analysis 02.02.2024 1h chart– Thursday Daily candle closed Bullish at 186.540 forming Daily Support at 186.350 and leaving over 100 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.830). I’ll be looking for potential Sells below 186.270 targeting recent previous Hourly Resistance (185.800) and recent 1h Support at (185.340). There is a good probability for Buys to play out on Friday to allow price to retest the broken Daily Range above 187.400.
by SalimFX20
1
GBPJPY Technical Analysis 01.02.2024 1h chart– Wednesday Daily candle closed strong Bearish correcting the clean Daily candle formed on 17th January and breaking out of the recent Daily Range, I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.890). I’ll be looking for potential sells below 185.950 targeting Hourly Support (185.350) and Daily Support (184.690). We have bank rate decision for the Pound Sterling so more likely price will consolidate leading to the news release (Pre NY) .
by SalimFX20
GBPJPY Technical Analysis 30.01.2024 1h chart– Previous Daily candle closed Bearish around 187.380 breaking below recent Daily Support and forming new Daily Resistance around 188.100. – Buys on close above 187.560 targeting 1h Resistance formed around 187.920, Leaving Runners to the 4h Resistance formed around 188.230. – Sells on close below 187.100 targeting 1h previous Resistance formed on 1st December 2023 around 186.670, Leaving Runners to the next 1h previous Resistance formed on 17th January 2024 around 186.250. – Despite Monday daily candle closing Bearish below recent Daily Support price still trading within the Daily / 4h range.
by SalimFX20
GBP/JPY SELL GJ induced into Liquidity pool last week and has now broken below support and closed below zone for GBP session. Upon close waited for retracment to entry @188.00 where I entered with sl@ 188.33 (33). Stop loss placed at the last inducement and 3pips above last high. TP1: 187.00 TP2: 186.35 TP3:186:100 Market Bio Feedback: * Where has the market moved since I entered my trade? In slight profits * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Confident as it looks head down & make lower lows * What do I like about this trade ? I waited for a descent pull back close confirmation * What do I dis-like about this trade now? slightly volatile and choppy * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Short
by mrachaw
1
GBPJPY Technical Analysis 29.01.2024 1h chart– Previous Weekly candle closed Doji Bearish around 188.070 forming weak Weekly Resistance around 188.120 rejecting the previous Weekly High, Friday Daily candle closed Bullish forming Daily Support around 188.560. – Buys on close above 188.440 targeting 4h Resistance around 188.790, Leaving Runners to the Weekly previous Support formed on 13th july 2015 around 189.320. – Sells on close below 187.930 targeting Daily Support formed around 187.550, Leaving Runners to the 4h Strong Support formed on 17th January 2024 around 187.120. – Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open. also a strong confirmation is needed as price still ranging on the Daily timeframe.
by SalimFX20
4
GBPJPY Technical Analysis 26.01.2024 1h chart– Previous Daily candle closed Doji Bearish around 187.560 as price continues to range on the Daily and the 4h timeframe. – Buys on close above 188.010 targeting 4h Resistance formed around 188.400, Leaving Runners to the next 4h Resistance formed around 188.780. – Sells on close below 187.140 targeting 1h previous Resistance formed on 1st December 2023 around 186.660, Leaving Runners to the next 1h previous Resistance formed on 17th January 2024 around 186.260. – There is a good probability for the currently Weekly candle to close Bearish forming Weekly Resistance, It is extremely important to wait for strong confirmation before opening any positions.
by SalimFX20
GBPJPY Technical Analysis 25.01.2024 1h chart– Previous Daily candle closed Bearish around 187.630 breaking out of the recent Daily Range. – Buys on close above 187.850 targeting 4h Resistance formed around 188.370, Leaving Runners to the next 4h Resistance formed around 188.790. – Sells on close below 187.130 targeting 1h previous Resistance formed on 1st December 2023 around 186.660, Leaving Runners to the next 1h previous Resistance formed on 17th January 2024 around 186.260. – As price breaking out of the 4h and Daily range, there is a higher probability for price to correct the Bullish Daily candle formed on Wednesday 17th January 2024.
by SalimFX20
GBPJPY Technical Analysis 24.01.2024 1h chart– Previous Daily candle closed Doji Bullish around 188.160 rejecting the previous Weekly High. – Buys on close above 188.530 targeting Wick Fill of the previous Weekly High around 188.930, Leaving Runners to the previous Weekly Support formed on 13th July 2015 around 189.330. – Sells on close below 187.530 targeting previous Monthly Resistance formed in December 2023 around 187.000, Leaving Runners to the previous 1h Resistance formed on 17th January 2024 around 186.370. – High Impact News ahead of the London session for the Pound Sterling, We have Flash Manufacturing PMI and Flash Services PMI, High Volatility expected during the London session.
by SalimFX20