Trading suggestion: . There is a possibility of temporary retracement to suggested support line (134.75). 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 (134.6). 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. ....
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.
Hi traders, Have a great trading week, Pound against Yen pair, 134.500 remains long time key area for GBPJPY , even though this pair seen some down side on friday last week, this pair looks to retrace the resistance area of 133.00 and it may go upside towards 136.00, Thanks to all. Note - Prediction based on price action analysis, fundamentals also have...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (133.1). 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 below the 21-Day WEMA which acts as a dynamic resistance....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (132.65). 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 below the 21-Day WEMA which acts as a dynamic...
Hello Friends , Good Morning Today GBPJPY Buy at this levels
Entered long on the retest of broken trednline @132.80. Also daily has a bullish engulfing. This is very bullish, continue to buy of every dip.
The 4-hour right side is turning down against 6/05/2020 peak (139.78) & shows a bearish sequence. 1 hour is also down against 136.34 high & shows a bearish sequence. Near-term, while bounces fail below 136.34 high and more importantly below 139.78 high expect pair to extend lower. We prefer selling intraday bounces in 3, 7 or 11 swings against 136.34 high in the...
GBP-JPY is most traded Pair of currency all time show great observation , In this time looking bullish side buy on deep Pair recently respect support zone area and bounce back , we expected can be go 134 in short term
GBPJPY has formed inverted head and shoulders. The neckline has broken . Look to enter longs