USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gpbjpylong
GBPJPY - bullish continuationHello all,
GBPJPY has been bullish since the beginning of 2020. Recently the price has
broken out of the bullish AAD pattern. Currently the price is consolidating in
a bull flag in 4H time frame. Also, it is highly likely that the rise will begin from
the 38.2% level of the Fibonacci retracement. Thus there are good odds for
entering the bullish continuation.
Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly when making trading decisions. Cheers!
GBPJPY Bullish Scenario (H4 Timeframe)Another long term trading opportunity for GBPJPY!
After a deep pull back, more bullish moves are expected on this pair!
Any bullish pattern and candlesticks on lower timeframe might be additional proof for bulls dominance!
Its a long term journey, patience will be needed for this one!
GBPJPY Shorts or LongsVery strong resistance at 143.400, If we break that resistance looking for target 1 at 143.900 and target 2 at ~144.500. If we cannot break that strong resistance going back down to 142.500 support. If 142.500 break looking further down to 142.000. Keep in mind that Bank of England is more in favor to cut interest rates which could cause a bearish sterling. However, this could be priced in the market already. Would love some feedback.
GBP/JPY: Long-termWe've seen the "Reversal rising wedge" on weekly time frame.
Every rising wedge has bearish character. This means a rising wedge reverses bullish trends and continues bearish trends. At the same time, every falling wedge has bullish character. So, falling wedges reverse bearish trends and continue bullish trends
more: www.google.com