Price has formed a falling wedge pattern suggestive of BUY trend target RR = 1:3
GBPJPY temporary sellers step in and fading sellers to take off sellers need weak momentum to takeoff buyers
Price is nearing the supply zone. Most likely sellers may take charge from the zone. This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :)
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (138.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Price has formed a descending channel. Will wait for the price to reach the bottom of the pattern 1 more time and form a reversal bull candle to enter long.
Long term trend - LONG Current trend - LONG Nature - CORRECTIVE PHASE Pattern - BULL FLAG Stoploss - 44 pips Risk: Reward - 1:5 Price has broken out of a falling wedge which is a reversal pattern. Now looking to enter on the 1st correction which is a bull flag
short gbp jpy from the 137.851 because double top is forming
masha allah great achivement ..check my privious chart exactly reversed from my tg. double btm. long for 500pips. Aim 138. now 144
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (138.3). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Gbpjpy trends within a channel..may resistance send the price for retracement
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (136.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (135.9). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
JPYGBP 0.007367 by 28th Jul 19.30 pm ( Only if drops < 0.007371). Trade with caution
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 !