After yesterday's yen was weak, expecting more weaker and NFP. So i predict more push.
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said last weeks ... GJ has already made 50% of the descent we were waiting for! Even if it will probably retest the trend line ... my target for the next period...
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said last weeks .... GJ has reached the trend line and strongly rejected ... which I still look forward to. Even if he can make another range, I expect GJ to go...
Om Namah Shivay GBPJPY Big picture is complex and the further movements during recent time are too complex to break. Om Namah Shivay
Looking at shorting GJ from current price when markets open looking at price action we can see that we have hit a point of resistance wed haven't broken this zone since 13th jan not only that every time we come into this area of 1.42100-1.42200 we start to see bearish price action showing this level of resistance could hold once more but you have to remember that...
GBPJPY CURRENTLY BATTLING WITH MAJOR RESISTANCE WHAT CAN HAPPEN IN FUTURE...???? REDLINE IF THE VOLUME OF THE CANDLES ARE LOW THEN IT WILL FAIL TO BREAK THE RESISTANCE AND TURN AROUND @ 141.300 - @141.400 GO SHORT @ 141.300 WITH STOP LOSS @ 141.550 TAKE PROFIT 1 @ 140.800 TAKE PROFIT 2 @ 140.300 GREEN LINE IF IT BREAKS THE TRENDLINE...
1) Wait for the price to reject at the entry range and take long position accordingly 2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION . 3) May wait for trendline breakout and retest for more confirmation . 4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your...
Okay so, gbpjpy formed a W pattern on the daily chart and whenever such formation happens we want to see the prices to test the neckline of the W. So, we will be looking for a short position if the rules of our strategies satisfied. I also suggest you to keep this pair on your watchlist and see if your rules satisfies... Plus from COT data we want to see a...
Hello Traders, Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down. Price dropped to complete W formation. W > We saw an M formation and expected price to rise up to test the neck...
GBPJPY is currently sitting at 140.000 , a significant key area in the market and on the 1HR time frame we can see market forming a triangle pattern. Market now is squeezing more tighter and we can see a possible break to the up or downside. Entry : For entries we have two different levels marked in pink area . We can get a possible entry on these levels with...
The daily right side is down against 147.75. The 4-hour is turning up against 131.71. The 1 hour is turning down against 136.62. While above 131.71 it can see a swing higher toward 142.00 before it corrects the cycle up from the March 2020 lows. BUY GBPJPY @135.05-134.85 TP: 136.00 SL: 134.50 Good luck !
Hey Guys! Hope this has been a great week for you all! As we have seen a strong bullish push on GJ, Hence am expecting the price to push more further to 137.00 by the week close. There was good retest at current support level. Hence we can enter this trade now