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Gbpjpyforecast

Will JPY continue its run?Hi Traders, JPY pairs strengthened last week and price action is showing us that we can get another push down. Price has been moving within an ascending channel which we had a double top pushing price to the lower boundary on Friday. If we get an impulse breakout with a LTF correction, this will validate another entry for a sell position. Be patient with your entry and ensure all of your rules are met. Comment below and share your view on this pair! Support me by clicking the like button if this helps you. Good luck!
Short
by ktlfx
GBPJPY False Break?currently GBPJPY is trying to form a bullish movement. But I see movement rather than bullish while GBPJPY is not so good from a price action point of view. Then I found that there are 2 Fibbonaci areas, namely 50.0 Internal Retrachment and 1.618 external retracement meeting a minor resistance at 155.414. My assumption is if the price is not able to penetrate the area and false break. Possibly the price will move bearish again to touch the strong support area at 153.138. Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
by ivanderyoshua
GBPJPY, new high in B1?The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up: 1. Look for a new high in B1 to enter the 6-month short 2. Breaking down MML, price that is lost in the void, MCS that is neutralized and waiting for a new signal Option 2 speaks for itself, if instead it were looking for a maximum in B1 we could take advantage of the half-yearly cycle for a fairly short trade since, on the annual we are already bullish from the beginning of January '22 for the second half of the cycle (A1).
by The_Cyclical_Trading