Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it,...
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.
Triangle has been formed on 15M Candlestick. There is high chance of short sell in GBPJPY in next days
3rd wave has started in GJ. We can expect the target for 3rd wave at least equal to the wave 1.
I'm looking for potential shorts for this pair from now, previously my bias was bullish thus had taken a trade and i think it'll hit my TP. Now as we see there is a bearish rising wedge so we can expect a bearish move from now. #keep_it_simple #SS_Forex_Analysis
the daily right side is down against 156.78. The 4-hour right side is up with a bullish sequence against 131.71. While above 138.20 where the hourly right side is up with a bullish sequence it can see a swing higher toward 147.38 before ending the cycle up from the March lows Sell @140.90-141.10 TP: 140.10 Sl: 141.33 Good luck !
Hi traders, Have a great week ahead, Pound against Yen, is trending upwards towards the resistance of 134.400 and the support of 134.870 in the starting of the week, and expecting the trend will be bearish till the major resistance of 133.600.. Note- Weekly price action analysis based on technical..movements subjected to change also
The 4-hour turning down with a bearish sequence against the 6/05/2020 highs at 139.74. The 1 hour is turning down against 134.69. While below there expect the pair to extend lower. Sell GBPJPY @134.45-60 TP: 133.70-50 SL: 135.00 Good luck
Overall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.
The 4 Hour is turning up against 126.50 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...