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GBPJPY Technical Analysis 19.01.2024 1h chart– Previous Daily candle closed Bullish around 188.230 within the previous Daily Resistance formed on Monday 27th November 2023. – Buys on close above 188.510 targeting Monthly Rejection formed in November 2015, Leaving Runners to the previous Weekly Support formed on 13th July 2015 around 189.330. – Sells on close below 187.860 targeting 1h Support formed around 187.490, Leaving Runners to the 4h Support formed around 187.090. – As price approaching 2023 year high there is a probability for price to form a Resistance and retrace before the continuation to the upside.
by SalimFX20
GBPJPY Technical Analysis 18.01.2024 1h chart– Previous Daily candle closed strong Bullish around 187.730 breaking out of the recent 4h Consolidation Zone, Breaking above recent Monthly Resistance formed in December last year (2023). – Buys on close above 188.020 targeting Weekly Resistance formed on 27th November 2023 around 188.020, Leaving Runners to the Monthly High formed in November 2023 around 188.660. – Sells on close below 187.510 targeting 4h Support formed around 187.110, Leaving Runners to the previous 1h Resistance formed on 1st December 2023 around 186.670. – As price approaches Weekly Resistance formed Monday 27th November 2023 there is a good probability for price to form a minor Resistance before the continuation to the upside if there was a valid confirmation on the lower timeframe.
by SalimFX20
GBPJPY Technical Analysis 17.01.2024 1h chart– Previous Daily candle closed Bullish around 185.940 above recent Daily Resistance formed on Thursday 11th January 2024. – Buys on close above 186.180 targeting 1h previous Support formed on 1st December 2023 around 186.480, Leaving Runners to the previous Daily Support formed on 30th November 2023 around 186.840. – Sells on close below 185.750 targeting 1h Support formed around 185.350, Leaving Runners to the 30min Strong Support formed around 185.030. – High Impact News ahead for the Pound Sterling for the Pre London session open, CPI y/y forecasted at 3.8%, Previously was 3.9%. High Volatility expected at the London session open.
by SalimFX20
GBPJPY Technical Analysis 16.01.2024 1h chart– Previous Daily candle closed Bullish around 185.400 rejecting Daily Resistance formed on Thursday 11th January 2024 around 185.700, Forming Daily Support around 184.680. – Buys on close above 185.900 targeting previous 4h Support formed on 30th November 2023 around 186.430, Leaving Runners to the previous Daily Support formed on 30th November 2023 aswell around 186.840. – Sells on close below 185.160 targeting Daily Support around 184.680, Leaving Runners to the previous 4h Resistance formed on 4th January 2024 around 184.180. – High Impact News ahead for the Pound Sterling prior to London session open, starting with Claimant Count Change an Average Earnings Index 3m/y, During New York session overlap, Bank Of England Governor Andrew Bailey due to testify on the UK Economy before the Lords Economic Affairs Committee in London, High Volatility expected.
by SalimFX20
GBPJPY Technical Analysis 15.01.2024 1h chart– Previous Weekly candle closed weak Bullish around 184.680, Friday Daily candle closed Bearish respecting Daily Resistance formed around 185.700. – Buys on close above 185.140 targeting 4h Resistance formed around 185.540, Leaving Runners to the next 4h Resistance formed around 185.920. – Sells on close below 184.410 targeting 4h Support formed around 183.870, Leaving Runners to the 1h Support formed around 183.460. – Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.
by SalimFX20
GBP/JPY buy signal AnalysisHello traders, In our recent price action on GJ we saw a nice bullish momentum. Despite I was bearish last week and I was wrong about the biais I didn't took any action and didn't push any button as the anticipated shift in momentum didn't materialize. This week, my perspective has shifted, and I now anticipate the bullish trend to persist. We saw a retracement into a daily IRL, establishing the sell side of the curve. My current expectation is for the market to take the ERL. For me to consider any entry, I'm waiting to see if we get a stop hunt and a clear shift in momentum. So I would consider an entry.
Long
by Anisbylka
GBPJPY Technical Analysis 12.01.2024 1h chart– Previous Daily candle closed weak Bearish around 185.310 forming Daily Resistance around 185.710 leaving a Rejection wick to the upside. – Buys on close above 185.890 targeting 4h previous Support formed on 23rd November 2023 around 186.390, Leaving Runners to the previous Daily Support formed on 30th November 2023 around 186.850. – Sells on close below 185.030 targeting 30min Support around 184.470 , Leaving Runners to the 1h Support formed around 184.000. – High Impact News ahead of the Pre London session open for the Pound Sterling, GDP m/m forecasted at 0.2% previously was-0.3%, High Volatility expected at the London session open.
by SalimFX20
GBPJPY Technical Analysis 11.01.2024 1h chart– Previous Daily candle closed strong Bullish around 185.710 breaking out of the recent Daily Range. – Buys on close above 185.750 targeting 4h Resistance formed on 4th December 2023 around 186.150, Leaving Runners to the 1h Resistance formed on 1st December 2023 around 186.670. – Sells on close below 185.230 targeting 15min Support formed around 184.810, Leaving Runners to the 30min Support formed around 184.490. – As price already broke above the previous Weekly High, there is a good probability for price to retrace on the lower timeframe before the continuation to the upside knowing that current Monthly candle is trending Bullish.
by SalimFX20
GBPJPY Technical Analysis 10.01.2024 1h chart– Previous Daily candle closed weak Bearish around 183.560 forming weak Daily Resistance around 183.800. – Buys on close above 183.870 targeting 4h Resistance formed around 184.190, Leaving Runners to the previous 4h Support formed on 8th November 2023 around 184.630. – Sells on close below 183.250 targeting 4h Support formed around 182.930, Leaving Runners to the previous Monthly Support formed in October last year (2023) around 182.440. – High Impact News ahead of the New York session for the Pound Sterling as Bank Of England Governor Andrew Bailey due to testify, along with Deputy Governor Sarah Breeden on the Financial Stability Report before the Treasury Select Committee in London, High Volatility expected.
by SalimFX20
GBPJPY Technical Analysis 09.01.2024 1h chart– Previous Daily candle closed small Bullish around 183.800 as price continues to trade within the 4h range. – Buys on close above 184.170 targeting 4h previous Support formed on 8th November 2023 around 184.620, Leaving Runners to the next 4h previous Support area formed on 21st November 2023 around 184.950. – Sells on close below 183.400 targeting 4h Support formed around 183.090, Leaving Runners to the 1h previous Resistance formed on 20th December 2023 around 182.670. – Ideally is to wait for price to break out of the Range during high volume time as price continue to range.
by SalimFX20
GBPJPY Technical Analysis 08.01.2024 1h chart– Previous Weekly candle closed strong Bullish around 183.720 forming Weekly Support around 179.460, Friday Daily candle closed small Bullish as price overall ranged during the Asian, London and New York session. – Buys on close above 184.270 targeting previous Daily Support formed on 8th November 2023 around 184.830, Leaving Runners to the 4h previous Support formed on 5th December 2023 around 185.280. – Sells on close below 183.350 targeting 15min Support formed around 182.820, Leaving Runners to the 4h previous Resistance formed on 20th November 2023 around 182.340. – Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.
by SalimFX20
GBPJPY Technical Analysis 05.01.2024 1h chart– Previous Daily candle closed strong Bullish around 183.360 closing within Daily Resistance formed on 12th December 2023. – Buys on close above 183.720 targeting previous Monthly Resistance formed on September 2023 around 184.340, Leaving Runners to the previous Daily Support formed on 10th November 2023 around 184.900. – Sells on close below 182.830 targeting 4h previous Resistance formed on 20th December 2023 around 182.310, Leaving Runners to the 30min Support formed around 181.860. – There is a probability to see Daily Resistance to be formed on Friday knowing that current Weekly candle is approaching 2 previous Weekly Rejections and previous Monthly Resistance formed in September 2023.
by SalimFX20
GBPJPY Technical Analysis 04.01.2024 1h chart– Previous Daily candle closed strong Bullish around 181.450 breaking and closing above recent Daily Resistance, Forming new Daily Support around 179.170. – Buys on close above 181.750 targeting previous Monthly Support formed in October last year (2023) around 182.330, Leaving Runners to the Daily Resistance formed on 20th December 2023 around 183.080. – Sells on close below 180.840 targeting 4h previous Resistance formed on 29th December 2023 around 180.400, Leaving Runners to the 30min Support formed around 180.000. – Despite the Wednesday Daily candle being extremely Bullish, the Push up on price could be the new Monthly candle forming a top wick before breaking the low to continue Bearish.
by SalimFX20
GBPJPY Technical Analysis 03.01.2024 1h chart– Previous Daily candle closed small Bearish around 179.160 leaving a huge Rejection to the upside around 180.640. – Buys on close above 179.370 targeting 1h Strong Resistance formed around 179.760, Leaving Runners to the 4h Resistance formed around 180.100. – Sells on close below 178.730 targeting Daily Support formed around 178.380, Leaving Runners to the Monthly Rejection formed in October last year (2023) around 178.020. – Overall price has been moving decently on the Hourly timeframe but Daily candles still ranging within Weekly Rejection area formed in October and December last year.
by SalimFX20