GBPJPY is facing upside pressure from ascending trendline support on the daily and weekly timeframe. It is also taking support from the horizontal swing low support which coincides with the 127.2% Fibonacci extension as well as the 161.8% Fibonacci extension. It will probably bounce to our 1st resistance which is our horizontal swing high resistance as well as the...
GBPJPY is facing upside pressure from ascending trendline support on the daily and weekly timeframe. It is also taking support from the horizontal swing low support which coincides with the 127.2% Fibonacci extension as well as the 161.8% Fibonacci extension. It will probably bounce to our 1st resistance which is our horizontal swing high resistance as well as the...
GBPJPY has broken the bullish price channel. Also after the price breakout has done price correction to this channel. We expect the price to fall out of this range. With targets of 147.50 and 146.50
weekly time range in a huge sideways range. check it
I expect price to rally to the next major weekly level after bullish engulfing.
Waiting for the larger micro support to break and price to close in to our range in order to go retest the larger support found the larger timeframes.
GBPUSD is facing bullish pressure from 1st support at 148.727, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support. Prices could bounce to 1st resistance at 149.297 where it coincides with the horizontal swing high resistance as well as 61.8% fibonacci extension. If prices break through the ascending trendline...
Lets catch these pips . Just an idea Trade at your own risk~
Target one: buy 1.2215 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
Target one: buy 1815 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
AT THE BREAKOUT OF THIS CONSOLIDATION I WILL BE LOOKING TO BUY GBPUSD AIMING FOR THE NECKLINE OF THE M FORMATION. ALWAYS TAKE RISK MANAGEMENT INTO CONSIDERATION ON EVERY TRADE.
PRICE WAS TRENDING BULLISH IN AN ASCENDING CHANNEL BUT HAS NOW FAILED TO GIVE HIGHER HIGHS AND THIS IS AN INDICATION OF BULLS STARTING TO lose MOMENTUM. FROM THIS POINT I AM LOOKING FOR SHORT TRADE.
more down side to come... If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means...