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Salim

GBPJPY Technical Analysis 14.04.2023 1h chart– Previous Daily candle closed weak Bearish at 165.930 forming new Daily Resistance at 166.120 leaving a Rejection wick at 166.840. – Buys on close above 166.320 targeting 4h Resistance at 166.730, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.830 targeting 4h Support formed at 165.540, Leaving Runners to the 1h Support formed at 165.280. – There is a higher probability for the Friday Daily candle to close Bearish as we can see the size of the Daily candles for Tuesday and Wednesday decreasing and the Thursday candle closing Bearish with a Rejection to the upside.
by SalimFX20
GBPJPY Technical Analysis 10.04.2023 1h chart– Previous Weekly candle closed Doji Bullish at 164.400 leaving a Rejection wick to the upside, Friday Daily candle also closed Bullish respecting Daily Support formed on Thursday at 163.480. – Buys on close above 164.250 targeting Daily Resistance formed on 5th April 2023 at 164.580, Leaving Runners to the 30min Resistance at 164.990. – Sells on close below 163.820 targeting 4h / 1h Support formed at 163.550, Leaving Runners to the 4h Support formed at 163.200. – Price have ranged overall during the Friday market session and could also possibly range on Monday as UK Banks will be closed in observance of Easter Monday.
by SalimFX20
SIMP in two perspectiveSIMP in the weekly timeframe looks like there are two patterns there. The first pattern is like a symmetrical triangle where the price has broken out of the triangle and will continue its rise. The second pattern is the bearish crab. The bearish crab is a harmonic pattern where the last rising phase can cross the previous 'previous high'. You can 'search' for other harmonic patterns, and currently there is a minor weakness which means there is a good opportunity to consider it. #Disclaimer: Not a suggest to buy or sell
IDX:SIMPLong
by YogaID