AEL_Education

AEL_Education

The current price action shows GBP/JPY forming a descending trend, and it recently tested the 100% Fibonacci level near 198.056, suggesting a potential bounce area. However, the price remains under bearish pressure and could continue down to retest this level around 198.008-198.050. If GBP/JPY holds this support, we may see a rebound toward the 198.502 or even...

AEL_Education

I do expect a pull back for my next setup. Waiting game is on !

AEL_Education

The pair has found support around the 38.2% Fibonacci retracement level near 197.264, creating a potential opportunity for a reversal to the upside. Momentum is building for a push towards the 197.506 - 197.656 area, which corresponds to the 23.6% Fib and a key resistance zone. Watch for a breakout above 197.656 for a continuation of the bullish trend towards...

AEL_Education

We are observing a potential quick buy setup on GBP/JPY. Price has just bounced off the 61.8% Fibonacci retracement level near 195.321, which aligns with strong support. There is potential for a bullish move towards the 195.750 - 195.800 area, corresponding with the 38.2% and 50% Fibonacci retracement of the last bearish move. Keep an eye on a possible reversal...

AEL_Education

We are looking at a potential short-term buying opportunity on GBP/JPY. The price has found support near the 195.000 level, and a pullback towards the 38.20% - 50% Fibonacci retracement levels could offer a great entry point. Key details: 🟢 Support zone: Between 194.750 and 195.000. 📈 Resistance: Around the 195.400 - 195.600 levels, with potential to reach the...

AEL_Education

We are currently observing a potential reversal near the 194.250 support zone. The price touched the 61.80% Fibonacci retracement level, and based on this, we could expect a short-term pullback before a continuation upward.

AEL_Education

Looking at the 1-hour chart, GBP/JPY has completed a bullish cycle, reaching the key resistance at **196.054**, as indicated by the blue zone. The pair appears to be facing resistance, and I’m now expecting a pullback. 1. **Fibonacci Levels**: The pullback could target critical Fibonacci levels for a potential bounce. The **23.6% (195.537)** retracement level has...

AEL_Education

Looking at the 30-minute chart, GBP/JPY is showing some interesting movements. Trend Structure: After a period of consolidation, the pair broke out of a descending wedge pattern. The price tested the upper boundary near 195.602, which appears to be a key resistance level. We could see some retracement here before a continuation of the upward trend. Fibonacci...

AEL_Education

We're currently seeing a potential rebound setup on the GBP/JPY pair with key levels to watch: 1️⃣ Short-term resistance around 194.800: After a significant upward movement, the price seems to face resistance here. A retracement to the support zone could be expected. 2️⃣ Support around 194.250: If a pullback occurs, this area could serve as a strong entry point...