We expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
Hi, This is the Daily view of the GBPJPY and I am not sure if you have seen this or not. But it's a very nice setup! You can see the same pattern on 1 hour or 30min timeframe from where it started falling today! So it's just a overview, do let me know about your thoughts!
Earlier this week we saw GBPJPY trading around the level of 183.900 where price created a resistance level. Price began to consolidate between the levels of 183.900 (Resistance) and 182.860 (Support). Once price broke the support level of 182.860 we waited for a retest of that broken area, where we then got a confirmation for a bearish pattern. Now looking at...
As you've seen, this currency pair has been steadily rising, and now we've hit the pinnacle of a weekly supply/sell zone dating back to early 2016. It's interesting because this point intersects the 2016 swing high, a level potentially crowded with stops, likely being eyed by significant market players. Price action on the lower timeframes is grinding higher...
GBP/JPY Analysis in this Analysis we can see some buy or sell level which I shared, watch it carefully and follow price action. Be patient and wait for price to give confirmation before you enter any trades.
Hi there, GBPJPY has broken down from the SUPPORT line of the CHANNEL. It did a retest before DROPPING further down. It is now at a small SUPPORT LEVEL. If GBPJPY breaks that minor level down then we shall go into SHORT WAY DOWN. You can DO a SELL STOP if you want to. Kind regards
The pair looks like it's ready to move down again after some consolidation at this levels. The upside should be fairly capped for this pair. BEAR CASE We could see price test 153.5 before more downside. BULL CASE On the daily, the 200MA at 152 may serve as suspport for a storng rebound, if this plays out we will look for a short at much higher levels.
Hello team break and retest we should expect seller to come into the market
GBPJPY Sell Opportunity SL: 141.230
HELLO TEAM ,A BEARISH SYMMETRICAL TRIANGLE HAS BEEN LOCATED.
the pound has been doing very good against the yen with breaking new high since start of the year, looking for it to break recent highs and break and retest with a good risk to reward ratio a nice head and shoulders pattern is forming. MikeGBP
Pair: FX:GBPJPY Bias: Short Should we see this consolidation area break to the downside we could see a nice short opportunity
Possible "the last kiss breakeout" play. SL depends on price action.
We notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
Hi their at the moment the pound yen appears to still be correcting to the following tp areas where marked, I will be looking at buying into this area to the following tps above Happy trading