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Poundyen

GJ INTRA-WEEK ANALYSISWhats Up! Mr. Pipzz back here with another analysis These are my thoughts for GBPJPY this week. I can see the market pulling into either direction. So, I've identified a few key targets for both the bulls and the bears. Not going to over explain, I'm just getting straight to the point. This week started off extremely bearish following a pullback to a small, but nice liquidity zone. Last weeks close has already been filled, so I'm not seeing any bullish confluence for that. If price does manage to close above 139.75, I predict sniper entries from the 15m, & 30m indicating a push back to the upside. On the other hand, because the trend has been bearish its safe to follow simple rules like following the trend. If break of bearish structure occurs, it would be easy to spot because of the amount of pips it has already dropped. Overall I think we could see a push back to the lower liquidity zone to either test and break, or form a triple bottom. (137.15) Leave a like or comment if this benefited you in any way. Thanks, & have a Happy New Year! -Mr.Pipzz
by lobfxempire
2
GJ TO 140.25 AFTER MINOR PULLBACK...[b ]Whats Up Traders! I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting on the retracement and what comes after. I predict an overall A to B rise to the -27% Fib Level. We could have strong resistance while we're still in the 138 price range. So, I'm going to wait until I see a solid bounce from around 138.25 if it does decide to crumble a little. Like or Comment if this analysis provided any value to you Thank You! -Mr.Pipzz
Long
by lobfxempire
2
GBP/JPY Head and shoulders formation The head and shoulders pattern is almost complete (ALMOST!!) BUT we are still seeing some possible entry points into the market. The head and shoulders pattern will be complete once the price comes back down to the neckline and we can then expect a breakout move to the downside. On this chart we see 2 possible entry levels into the market : 1 ) At this 136.60 level Reasons: Head and shoulders formation nearly complete and we see lower volume on the right shoulder. The 136.60 level serves as a resistance 2) Once price comes down to the neckline rendering the head and shoulders pattern complete Reasons: Head and shoulders breakout pattern
GShort
by Trade_with_H
1
GBPJPY | Big Move Ahead..!!GBPJPY (Update) Facing Horizontal Resistance of Ascending Triangle in 1D Time Frame Chart. RSI Indicator Showing It's in Overbought Territory & GBPJPY Might retest the Trendline of Triangle. Expecting Upside Breakout, If Bulls Cleared the Resistance Area, In Worst Case, If Trendline Broken, It Might test the Major Support Area (125.00) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
1