DESCRIPTION The counter GBPJPY forms an ascending channel. The counter's prices moving between the top and bottom line of the channel from 18th January. The formation of the ascending channel indicates the counter is in a bullish mode. The price is cumulating near the top line of the channel for the past 24hrs. Since the price didn't break the topline, the...
Buy with SL of recent low for target of new high & then short from the top to the previous fourth & the second wave of ending diagonal as a target.
Buy with SL of 139.750 for target of 141.5
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...
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...
masha allah great achivement ..check my privious chart exactly reversed from my tg. double btm. long for 500pips. Aim 138. now 144
Hello Trades, Welcome back to another GJ analysis.Overall bullish trend, so positively our buy entry shall give us a good result.Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
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
Hey Traders, Welcome back!Hope you all are doing well. As we can see GBPJPY is in a upward trend, the price shall make a move back to current support level for a retest and then we can enter the market in buy side for a good Risk Reward Ration of 1:4 .
The 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect...
on monthly priceis ranging between monthly midrange zone and lower monthly zone.....price is in exortion mode...the cycle is push-exortion...meaing mnthly retesting!on 4hr market is in downtrend..their is an exortion mode... and lso double bottom formed......hope u guys lyk this idea.....there is lot more to explain but i can't explain it by typing sry.......
From our analysis, GBP/JPY completes the triangular pattern & Elliot waves It is expected to go up 0.318 retracement @147.128 after then price will decides the action.
GBP JPY resides at the main channel support@145 region....! Buying now will make a chance of more than 200 profit pips in a trade