The British Pound (GBP) is experiencing heightened volatility amidst ongoing economic uncertainty. Factors such as Brexit negotiations, the resurgence of COVID-19, and inflationary pressures are contributing to fluctuations in the value of the pound. Investors are closely monitoring developments in trade negotiations between the UK and the EU, as well as the Bank...
GBP/JPY is currently trading at 189.962, showing signs of potential downside momentum. Here's a concise breakdown: 1. Technical Levels: - Current Price: 189.962 - Retest Zone: Keep an eye on the 190.050 level for a possible retest. - Downside Target: Targeting the demand zone around 188.884 for potential support. 2. Trade Setup: - Short Opportunity:...
HELLO !!!!!!!!!!! A great great wave counter can save you! The last correction wave 2 and the beginning of the big wave 3... Go read a book and don't let anyone make you a fool... Everything goes with the program and even those who have million dollar accounts cannot make any changes in it :))) good LUCK
Here is my weekly prediction for gbpjpy tell me your opinion
Step by step video breakdown of 210 pip short on GBPJPY, no drawdown. Proper use of your tools can go a long way to building confluence and finding great entries as well as targets to take profit at. Enjoy.
GBP/JPY after double top will fall down!
Shark Harmonic Pattern Completed on 15m timeframe and next candle closed doji
We have an ascending triangle and a divergence on RSI
Confluences for this entry: - Double top formation indicating sell off - Neckline has acted as both support and resistance in the past so can expect price to break + retest then meltdown into swing low zone - Current candlestick has large upper wick indicating that the sellers have taken control of the market 1:4RR let's see how it develops.
Continuing on the strength of the downdtrend, looking for for price to keep going lower and test a support level. Going into this with cation since its a Friday and this trend has had some momentum without any pullback
GJ is rallying to the down side to possibly fill March's bearish wick. GJ in the next week or two could push bullish possibly to 130.750 area, to retrace down to create a new weekly lower wick. We could be expecting this in the next week or two, depending on how the pound and yen pair react to market movement. Potentially catching 1000pips to the downside to...
A nice intraday short for around ~50 pips is available. All that is needed is a bearish candle closure below this hourly level. The Yen is strong right now as it is acting as a safe-haven during the Coronavirus frenzy.
GBPJPY confirmed yesterday the down trend direction along with other pound pairs Go short till TP 135.500 TP 131 NOTE: 140.100 <-- is a magic number , the price will go back here AFTER BREAKING 138.800 As explained closing below 135.444 call for the next block to reverse from there starting the uptrend
The pentagram allows you to predict the appearance of reference points, as well as determine significant levels inside model. Sideways movement, a rebound from the level and a breakdown upon re-entry or change in direction of movement can happen on their horizontal projections. The blue line is the diagonal level of support/resistance. Sell from the top levels...
GBPJPY is facing bearish pressure from our breakout level where we might see a further drop to our first support level. Stochastic is also approaching resistance where we might see a corresponding drop in price.
GBPJPY is approaching our first resistance where we might see a drop to our first support.
Price is approaching our first support where we might see a bounce in price to our first resistance level. Stochastic is seeing a bullish divergence as well.