British Pound / Japanese Yen GBPJPY

make it simple analysis

we already shot both TPs and i posted it later bcoz i need to test it before posting that!!

buy

buy setup

TARGET PRICE

We can see from weekly that volatility became apparently small since 2017. weekly https://www.tradingview.com/x/5AtpjbcJ/ 140.000 - 155.000 Both of the upper and lower of the range are blank. Therefore, if you go outside one of the upper and lower ranges, it may be possible to expect volatility to recover. Since it is the most recent range, I will aim for ...

The chart clearly indicates the pair after completed 5 Elliot waves and currently is in Correction wave ABC Buy after the B wave completion with the expected Target 148.067

GBP/JPY has broken its bearish trend line. The price action has also created a higher low. The price action indicates that it will move towards the next resistance placed at 148.092. If it makes a bullish crossover above the resistance,then we can expect the price to move towards the major resistance of 149.967.

The daily chart of the GBP/JPY has formed a Full Elliot Wave. It is poised for a bullish correction in the form of ABC Wave. The pair is also in downchannel formation and there is a good possibility that it will go towards its upper trendline. It has also formed a morning star pattern in the candlestick pattern. So as per the above analysis,we can expect the bulls ...

The 3-hour chart of GBP/JPY has current made a lower low which is resulted in a trend formation with downside bias. We expect the pair to make a pullback to re-test its support and bears will be expected to enter the counter at that zone. This can be also construed as head and shoulder formation,so a pullback upto the neckline can be expected. The counter looks ...

Buy Long Term

As BOE voting decision shows that it will hike the interest rates later on. I will be buying GBPJPY .

The 4-hour chart of GBP/JPY has formed a double top pattern. Now the pair is in a corrective rally and it may extend upto resistance zone of 146.098. But the pair can witness selling pressure even before reaching the resistance zone. There is also major news event today,so expect high volatility in the counter.

looks like a bat for a move higher.. GL

GBPYJPY Seems weak at current levels which coincides with a horizontal and falling trendline resistance.

From our analysis, it seems the pair is in consolidating sideways condition and is expected to reach the value@ 144.905

Hi all, The potential momentum of the signals formed in a stable pattern. we can evidently, witness the impulse and its correction in rapid manner(shown in graph). From 156.684 ,we can see the impulse and its correction one after another and finally it sticks at 145.222(shown in graph). Market is like a coin it only has two probabilities, but today both favors ...

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.