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GBPJPY Technical Analysis 1st March 2024 1h chart– Thursday Daily candle closed strong Bearish breaking out of the recent Daily range. I’ll be looking for potential Buys above 189.510 targeting 1h Resistance at 190.020 and 4h previous consolidation zone around 190.450, I’ll be looking for potential Sells below 188.940 targeting 4h Support around 188.320 and next 1h Strong Support around 187.890. Thursday Daily candle played exactly as anticipated early on the week and there is a good probability for the current Weekly candle to close Bearish forming Weekly Resistance.
by SalimFX20
GBP/JPY SellGJ has broke below structure and closed below zone on 4H timeframe. Also formed a Head n Shoulders and closed below the neck line. Zooming on the 1h we can also see structure broken to the downside and closed below zone. Price retraced and shown rejection @ 190.600 zone by forming a Doji. Having seen price rejecting zone I zoomed into the 30mins and 5 mins where I was looking for a Break of structure to the downside and a retest which happened at 12.30pm Uk time also pre-NY. Seeing this added confluence of BOS on 5mins I entered sells @ 190.57 with sl@190.900 (Risking 33pips). TP1. 190.00. TP2: 189.85 TP3:189.700 TP4:189.55 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic and confident * What do I like about this trade ? multiple confirmations * What do I dis-like about this trade now? took bit of time before showing volume * On a scale of 1 to 10, where would I rate this Trade now? 8/10 * If I were not in a trade now, would I take the opposite trade ?no
Short
by mrachaw
GBPJPY Technical Analysis 29th February 2024 1h chart– Wednesday Daily candle closed weak Bearish as price continues to consolidate within the 4h timeframe. I’ll be looking for potential Buys above 190.970 targeting 4h Resistance at 191.310 and previous Weekly Support formed on 22nd July 2015 around 191.840. I’ll be looking for potential Sells below 190.310 targeting 1h Strong Support around 189.940 and previous 4h Support formed on 21st February 2024 around 189.490. Sells are more likely to play out rather than Buys as price is failing to continue bullish and Monthly candle closing before end of the week.
by SalimFX20
GBPJPY - GJ 1hrPull back! SELL Now ! 80+ pips on GJ GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance . This zone has also been confirmed, so we can see a rejection to test previous support areas tp 1: 4hr and daily support tp 2: 3.82 fib tp 3: D1 support, if GJ breaks below this area look to continue selling *stop loss can be increased. please use proper risk to reward
Short
by nikdobii
GBPJPY Technical Analysis 28th February 2024 1h chart– Tuesday Daily candle closed weak Bearish forming Daily Resistance around 191.120. I’ll be looking for potential Buys above 191.300 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.450 targeting 1h Strong Support formed at 189.960 and 4h previous Resistance formed on 21st February 2024 around 189.490. as anticipated price is failing to continue bullish as the Monthly candle coming to a close so it would make sense to see pullback on the Daily to allow the Monthly candle to close with a top wick to the upside.
by SalimFX20
XAUUSD - GOLD 1hrSimple trading - Gold is holding for its life below the 2040 Level. Let's wait for more candles to close before committing to a buy. Gold is bearish on the higher time frames. Keep in mind the Daily triangle that has previously been broken and is now retesting. (see previous gold chart) BULLS: watch the lower blue trend line. If gold can keep rejecting the trend line and continue making higher highs it will break through the 1hr resistance. * wait for a retest! Do not get faked out by one bullish candle BEARS: Watch the higher orange trend line. Use this line to grab entries. You can see the bearish signals on the chart. pay attention to the close of the next candles. *wait for a solid red rejection candle below the previous high
OANDA:XAUUSDShort
by nikdobii
GBPJPY Technical Analysis 27th February 2024 1h chart– Monday Daily candle closed Bullish filling the previous Weekly High. I’ll be looking for potential Buys above 191.330 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.900 targeting 4h Support formed at 190.450 and 1h Strong Support around 189.960. The Bullish candle for Monday could of been Weekly forming a high before retracing to form a potential Weekly Resistance, that will also allow the February Monthly candle to close with a wick to the upside.
by SalimFX20
GBP/JPY BUYGJ closed above zone on the 1H and now retraced. Upon retracement was looking to enter buys around 191.10 zone which was further confirmed with an internal BOS on 1min. Once I saw this added confluence entered Buys @191.100 with sl@ 190.87 (Risking 23pips). Aiming for a 1:3 R:R. TP1: 191.75 TP2: 191.97 TP3: 192. 25 * Where has the market moved since I entered my trade? NEAR ENTRY * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic * What do I like about this trade ? patiently waited for entry * What do I dis-like about this trade now? Choppy * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Long
by mrachaw
GBPJPY Technical Analysis 26th February 2024 1h chart– Previous Weekly candle closed strong Bullish at 190.650 , Friday Daily candle closed weak Bullish leaving a Rejection wick to the upside. I’ll be looking for potential Buys above 190.840 anticipating for price to fill the previous Weekly High at 191.140 and previous Daily Support formed on 28th July 2015 around 191.460. I’ll be looking for potential Sells below 190.400 targeting 1h Support around 189.930 and another Hourly Support around 189.590. Despite the previous Weekly candle closing Bullish, there is a good probability for price to form Daily Resistance for Monday knowing that the Friday Daily candle closed weak Bullish with a Rejection wick to the upside.
by SalimFX20
GBPJPY Technical Analysis 23rd February 2024 1h chart– Thursday Daily candle closed Bullish as price fills the previous Weekly High. I’ll be looking for potential Buys above 190.800 targeting previous Daily Support formed on 28th July 2015 around 191.460 and previous Weekly Support formed on 27th July 2015 around 191.850. I’ll be looking for potential Sells below 190.250 targeting 1h Support formed at 189.800 and previous 4h Resistance formed at 189.500. Despite current Weekly candle trending Bullish, there is a slight probability for price to retrace on the Weekly meaning Friday Daily candle could possibly form Resistance.
by SalimFX20
1
GBPJPY Technical Analysis 22nd February 2024 1h chart– Wednesday Daily candle closed Bullish above recent Daily Resistance formed on Wednesday 14th (last week). I’ll be looking for potential Buys above 190.000 targeting previous Weekly Support formed back in 2004/2005 around 190.340 and Daily Rejection formed on 27th July 2015 around 191.000. I’ll be looking for potential Sells below 189.610 targeting 4h Support formed at 189.280 and Daily Support formed at 188.940. High Impact News ahead of the London session for the Pound Sterling which may bring volatility to the market.
by SalimFX20
1
GBPJPY Technical Analysis 21st February 2024 1h chart– Tuesday Daily candle closed weak Bullish and Rejected Daily Resistance formed Wednesday 14th February (Last week) as price still consolidating on Daily timeframe. I’ll be looking for potential Buys above 189.670 targeting 4h Resistance formed at 190.030 and previous Weekly Support formed back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and 1h Strong Support around 187.920. Targets for both Buys and Sells kept tight due to price ranging on the Daily and 4h timeframe up until we get decent confirmation on price breaking out of the current range.
by SalimFX20
GBPJPY Technical Analysis 20th February 2024 1h chart– Monday Daily candle closed weak Bearish as price ranged overall on the 4h timeframe within the no trade zone so the analysis will remain the same as the one posted yesterday. I’ll be looking for potential Buys above 189.470 targeting recent Daily Resistance at 189.820 and previous Weekly Support held back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and strong 1h Support around 187.920. Ideally is to allow the Asian session to form a new range for the week ahead and wait for a much better confirmation around the London session.
by SalimFX20
GBPJPY Technical Analysis 19th February 2024 1h chart– Previous Weekly candle closed Bullish breaking above recent Weekly Resistance, Friday Daily candle closed small Bullish forming Daily Support at 188.850. I’ll be looking for potential Buys above 189.470 targeting recent Daily Resistance at 189.820 and previous Weekly Support held back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and strong 1h Support around 187.920. Ideally is allow the Asian session to form a new range for the week ahead and wait for a much better confirmation around the London session.
by SalimFX20
GBPJPY 18/02/24GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms of a short term bias within price. If we do shift bearish il be looking towards the major demand sitting at our last internal low in price, this of course will also act as liq so running this a possibility. always keep in mind higher timeframe bias is only validated with lower timeframe confirms and trade entries, so be sure to always trade with order flow.
by rosshayes
Gbpusd Buy Gbpusd made a double bottom after a strong downtrend that left inefficacies in the market. if we look at most recent p.a we can see price broke previous internal equal highs and grabbed liquidity. price started retracing down after breaking 1.26090(where equal highs were located.) which was the last major high. it also created a choch ob that is still unmitigated. there is still a large amount of liquidity past 1.26090 an a unmitigated supply zone at 1.27730. i expected price to retrace to the 15m choch ob and to grab liquidity to fuel its upward movement.
Long
by PipEater1
3
GBPJPY Technical Analysis 16th February 2024 1h chart– Thursday Daily candle closed weak Bearish with 90 Pip rejection wick to the downside as price reject the previous consolidation zone formed in January on the Daily timeframe, I’ll be looking for potential Buys above 189.220 targeting 4h Resistance at 189.700 and anticipating for a potential Wick fill of the current Weekly high at 190.090. I’ll be looking for potential Sells below 188.590 targeting 1h Support at 188.230 and and potential Daily wick fill from Thursday at 187.290.
by SalimFX20
GBPJPY Technical Analysis 15th February 2024 1h chart– Wednesday Daily candle closed Bearish forming Daily Resistance at 189.800, I’ll be looking for potential Buys above 189.300 targeting 4h Resistance at 189.700 and leaving Runners to fill the current Weekly high at 190.090. I’ll be looking for potential Sells below 188.760 targeting 4h Support at 188.420 and Hourly Support at 187.920. As Daily formed Resistance there is a probability for price to retest recent Daily Range around 188.800 and form Support before retesting the recent Highs.
by SalimFX20
GBPJPY Technical Analysis 13th February 2024 1h chart– Monday Daily candle closed weak Bullish with a Rejection wick to the downside as price still trading within the recent 4h range. I’ll be looking for potential Buys above 188.720 to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells below 188.130 targeting 1h strong Support held around 187.760 and next 1h Support around 187.400. Targets for both Buys and Sells remains small due to price ranging on the 4h timeframe but once price break out of the current consolidation zone we will have a much bigger targets.
by SalimFX20