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D-GJ

GBPJPY Technical Analysis 18.09.2023 1h chart– Previous Weekly candle closed Bearish at 183.050 breaking out of the recent Weekly Consolidation Zone, Friday Daily candle closed weak Bullish forming weak Daily Support around 182.980. – Buys on close above 183.300 targeting 4h Resistance formed around 183.850, Leaving Runners to the Daily Resistance formed around 184.180. – Sells on close below 182.770 targeting Weekly previous Resistance formed on 24th July 2023 at 182.240. Leaving Runners to the 4h Support formed around 181.760. – There is a higher probability for price to push bearish to retest previous Weekly Support formed around 180.670 despite the previous Weekly candle closing small Bearish.
by SalimFX20
GBPJPY 17/9/23Starting things off as we do a lot of the time with GJ We are sitting in a clear swing low range so we aim to see the low of this range taken out coming into next week but we do have a few highs above our current price, which tells us that we may have a shift higher into some of this liquid, as a whole iam not holding either our low or our high as a certainty meaning il be tracking price action that forms within our range to work out which is most likely to be served first. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes
GBPJPY Technical Analysis 15.09.2023 1h chart– Previous Daily candle closed Strong Bearish at 182.980 forming new Daily Resistance around 184.180. – Buys on close above 183.060 targeting 1h previous Support formed around 183.350, Leaving Runners to the 1h Resistance formed around 183.820. – Sells on close below 182.060 targeting Weekly previous Resistance formed on 24th July 2023 around 182.220, Leaving Runners to the 4h Support formed around 181.750. – As the Thursday candle closed strong Bearish below recent Daily Support formed on Tuesday this week, there is higher probability for the Friday Daily candle to continue Bearish.
by SalimFX20
2
GBPJPY Technical Analysis 14.09.2023 1h chart– Previous Daily candle closed Bullish at 184.180 respecting Daily Support formed on Tuesday. – Buys on close above 184.380 targeting 4h Resistance at 184.660, Leaving Runners to the 30min Resistance formed around 184.920. – Sells on close below 183.690 targeting 1h Support formed at 183.340, Leaving Runners to the 4h Support formed around 182.990. – Despite the Daily candle closing Bullish, price still consolidating within the 4h and the 1h timeframe. It is very important to wait for a strong confirmation before taking any positions.
by SalimFX20
GBPJPY Technical Analysis 13.09.2023 1h chart– Previous Daily candle closed small Bullish at 183.720 forming Daily Support around 183.270. – Buys on close above 183.870 targeting 4h Weak Resistance formed around 184.180, Leaving Runners to the next 4h Resistance formed around 184.650. – Sells on close below 183.350 targeting 4h Support formed around 183.000, Leaving Runners to the 4h previous Strong Resistance formed on 9th August 2023 around 182.740. – As the Daily formed Support, price could be retracing to allow the Weekly candle to form a higher top wick before breaking the lows again.
by SalimFX20
GBPJPY Technical Analysis 12.09.2023 1h chart– Previous Daily candle closed Bearish at 183.270 forming weak Daily Resistance around 183.520. – Buys on close above 183.600 targeting weak 4h Resistance formed around 184.180, Leaving Runners to the next 4h Resistance formed around 184.650 – Sells on close below 183.200 targeting 1h Support formed around 182.840, Leaving Runners to the recent Monthly Support formed around 182.510. – High impact news ahead for the Pound Sterling at the Pre London open as follow : Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected around the London session open.
by SalimFX20
GBPJPY Technical Analysis 11.09.2023 1h chart– Previous Weekly candle closed weak Bullish at 184.130 forming weak Weekly Support at 183.960, Friday Daily candle closed Bullish forming Support at 183.670. – Buys on close above 184.400 targeting 1h Resistance at 184.730, Leaving Runners to the next 1h Resistance formed at 185.180. – Sells on close below 183.790 targeting 4h Support at 183.490, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.060. – Ideally is to allow the Asian session to form a new range for the new week ahead and wait for the Pre London / London session for decent volume. - Unfortunately market open has gapped down, still posting this as price could possibly retrace back and in the range and break the lows to retest the current weekly low.
by SalimFX20
GBPJPY Technical Analysis 08.09.2023 1h chart– Previous Daily candle closed Bearish at 183.680 closing just within the recent Daily Support formed on Friday 25th August 2023. – Buys on close above 184.050 targeting 1h Resistance around 184.540, Leaving Runners to the Weekly Resistance formed around 184.910. – Sells on close below 183.380 targeting Daily previous Resistance formed on 2nd August 2023 at 183.060, Leaving Runners to the Monthly Support formed around 182.530. – As Weekly is forming a Rejection to the upside, once the Thursday Daily Low is broken there is a higher probability for price to retest the recent Monthly Support.
by SalimFX20
GBPJPY Technical Analysis 07.09.2023 1h chart– Previous Daily candle closed Bearish at 184.590 forming Daily Resistance at 185.540. – Buys on close above 184.800 targeting 1h Resistance at 185.180, Leaving Runners to the Daily Resistance formed around 185.560. – Sells on close below 184.240 targeting 1h Support at 183.900, Leaving Runners to fill the Weekly Lows around 183.530. – Ideally is to allow the Asian session to Consolidate and wait for High Volume time around the Pre London Open for a higher probability setups.
by SalimFX20
GBPJPY Technical Analysis 06.09.2023 1h chart– Previous Daily candle closed Bullish at 185.540 respecting Daily Support formed on Monday. – Buys on close above 186.010 targeting Daily Resistance around 186.440, Leaving Runners to fill the wick of the Monthly High ( August) around 186.760. – Sells on close below 185.220 targeting 30min Support around 184.820, Leaving Runners to the 4h Support formed around 184.260. – Monetary Policy Report Hearings from Bank Of England Governor Andrew Bailey and MPC Members around the New York session.
by SalimFX20
GBPJPY Technical Analysis 05.09.2023 1h chart– Previous Daily candle closed Bullish at 184.890 forming new Daily Support around 183.960. – Buys on close above 185.060 targeting 1h Resistance formed at 185.670, Leaving Runners to the next 1h Resistance formed around 185.670. – Sells on close below 184.660 targeting 30min Support formed at 184.320, Leaving Runners to the Daily / 4h Support formed around 183.960. – Price might be pushing up to form a top wick for the new Weekly candle before breaking the Lows, based on higher timeframe price needs to break and close above 186 level above Weekly and Daily Resistance to anticipate the wick fill to the upside for the previous Monthly High.
by SalimFX20
GBPJPY Technical Analysis 04.09.2023 1h chart– Previous Weekly candle closed weak Bearish at 183.940 respecting recent Weekly Resistance, Friday Daily candle closed small bearish respecting Daily Support formed on Friday 25th August 2023. – Buys on close above 184.450 targeting Weekly Resistance formed at 184.900, Leaving Runners to the 1h Resistance formed around 185.290. – Sells on close below 183.690 targeting a potential a Weekly Wick Fill around 183.350, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.050. – Ideally is to allow the Asian session to consolidate forming new Price Action for the week ahead, More likely to see volume during London session leading to Pre New York session.
by SalimFX20
GBPJPY Technical Analysis 01.09.2023 1h chart– Previous Daily candle closed strong Bearish at 184.350 forming Daily Resistance around 185.950 as the whole strong Bullish move up from Wednesday got corrected on Thursday. – Buys on close above 184.660 targeting 1h Resistance at 185.250, Leaving Runners to the next 1h Resistance formed around 185.650. – Sells on close below 184.060 targeting 1h Support at 183.580, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.080. – As the current Weekly candle rejecting the Highs and respecting the Weekly Resistance formed last week, There is a good probability for current Weekly candle to fill the previous one.
by SalimFX20
2
GBPJPY Technical Analysis 31.08.2023 1h chart– Previous Daily candle closed strong Bullish at 185.950 forming new Daily Support around 184.370. – Buys on close above 186.190 targeting 1h strong Resistance formed at 186.530, Leaving Runners to the Weekly Rejection formed around 186.760. – Sells on close below 185.560 targeting 1h Support at 185.210, Leaving Runners to the 1h previous Resistance formed at 184.680. – As the August Monthly candle coming to a close, it is extremely important to wait for a strong confirmation as price action can be messy and difficult to trade.
by SalimFX20
3
GBPJPY Technical Analysis 30.08.2023 1h chart– Previous Daily candle closed Bearish at 184.370 forming Daily Resistance around 184.600 leaving a Rejection to the upside. – Buys on close above 184.600 targeting 30min Resistance at 180.040, Leaving Runners to the 4h previous Support formed around 185.470. – Sells on close below 184.070 targeting Daily Support formed on Friday 25th August 2023 at 183.170, Leaving Runners to fill the previous Weekly Low around 183.350. – The probability of price continuing bearish becomes high as the current Weekly candle has retested recent Weekly Resistance around 186.200 and the Wednesday Daily candle closed bearish with a rejection to the Upside.
by SalimFX20
GBPJPY Technical Analysis 29.08.2023 1h chart– Previous Daily candle closed Bullish at 184.580 respecting Daily Support formed on Friday last week. – Buys on close above 184.780 targeting 30min Resistance formed at 185.080, Leaving Runners to the 4h previous Support formed on 23rd August 2023 at 185.480. – Sells on close below 184.260 targeting 4h Support formed at 184.030, Leaving Runners to the Daily Support formed at 183.720. – Despite the Monday Daily candle being Bullish price ranged for most of the sessions, Ideally is to wait for high volume time to have a strong confirmation.
by SalimFX20
GBPJPY Technical Analysis 28.08.2023 1h chart– Previous Weekly candle closed Bearish at 184.040 forming Weekly Resistance at 185.040, Friday Daily candle closed small Bullish forming Support around 183.730. – Buys on close above 184.370 targeting 4h Resistance at 184.640, Leaving Runners to the previous Daily Support formed on 21st August 2023 at 185.040. – Sells on close below 183.880 targeting 4h Support at 183.480, Leaving Runners to the previous Daily Resistance formed on 2nd August 2023 at 183.080. – Starting the week with a Summer Bank Holiday this Monday, Price could possibly range due to a decrease in market participation as UK banks will be closed.
by SalimFX20
GBPJPY 27/8/23Starting off our week as per with GJ! Now last week left the market in abit of an open space with very large ranges and lots of imbalance to fill, the main reasons for this is that we had the Jackson hole news event which has directly shifted a lot of our pairs directions and narrative. Its important to not the time of the year we are in right now, we have just hit the final week of August which is widely know for being the worst time of the year to trade, we are now coming to the end of this period, so with this in mind i strongly believe the Jackson hole event has finally injected our high liquidity back into the markets for our final quarter. Meaning the following, more efficient swings, faster and stronger moves with trend and a larger daily pip range, so all round good news for us! Now as you can see we have a very large range here on GJ and as we head into this week we will only be looking for internal movements, leading us to look towards our LDN and NY opens, mainly focusing on our SE entry model. we have seen price react from our C-swing low and mainly think we may shift higher from here but overall we are still bearish on this as it stands. Our swing high is a news POI which means we can only really look for confirm entries on this we also have a lot less confirmations for shorts at the high as it becomes a very old POI. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes
GBPJPY Technical Analysis 25.08.2023 1h chart– Previous Daily candle closed small Bearish at 183.720 respecting the No Trade Zone we’ve had on yesterday’s Analysis. – Buys on close above 184.150 targeting 1h Resistance at 184.580, Leaving Runners to the 4h previous Support formed on 20th August 2023 at 184.880. – Sells on close below 183.460 targeting Daily previous Resistance formed on 2nd August 2023 at 183.070, Leaving Runners to the 4h Support formed at 182.510. – As Thursday Daily candle ranged within the No Trade Zone, Sells targets remained the same as the previous Analysis.
by SalimFX20
GBPJPY Technical Analysis 24.08.2023 1h chart– Previous Daily candle closed strong Bearish at 184.220 respecting Daily Resistance formed on Tuesday and breaking below Daily Support formed on Monday this week. – Buys on close above 184.470 targeting 30min Resistance at 185.050, Leaving Runners to the 4h Resistance formed at 185.700. – Sells on close below 183.500 targeting Daily previous Resistance formed on 2nd August 2023 at 183.070, Leaving Runners to the 4h Support formed at 182.510. – Sells have been predicted from the beginning of the week, Weekly current Rejection level is a strong Monthly and Weekly Resistance formed in November 2015.
by SalimFX20
GBPJPY Technical Analysis 23.08.2023 1h chart– Previous Daily candle closed Bearish at 185.670 forming Daily Resistance at 186.430. – Buys on close above 186.180 targeting 1h Strong Resistance formed at 186.550, Leaving Runners to the Weekly Rejection formed on 23rd November 2015 at 186.980. – Sells on close below 185.480 targeting Daily / 4h Strong Support formed at 184.890, Leaving Runners to the 4h Support formed at 184.450. – High impact news during the London session for Flash Manufacturing PMI and Flash Services PMI, High Volatility expected during the news release.
by SalimFX20
GBPJPY Technical Analysis 22.08.2023 1h chart– Previous Daily candle closed strong Bullish at 186.430 breaking and closing above Daily Resistance formed on Thursday 17th August 2023, Monday Daily candle also formed Support around 184.900. – Buys on close above 186.750 targeting previous Daily Resistance formed on 31st August 2015 at 187.500, Leaving Runners to the Daily Resistance formed on 19th November 2015 at 188.370. – Sells on close below 186.120 targeting 4h previous Support formed on 16th August 2023 at 185.550, Leaving Runners to the 1h Strong Support formed at 185.100. – Price is trading at strong higher timeframe Resistance on the Monthly and Weekly, so we could possibly see a weekly Rejection, Also the current Weekly candle hasn’t formed a bottom wick either. despite the price being extremely Bullish it is important to pay attention to where price trading at the moment.
by SalimFX20