No Result
View All Result
Thursday, November 30, 2023
  • Login
FXVNPRo
InstaForex
ADVERTISEMENT
  • Home
    • Advertising Promotion
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
    • Best Brokers 2023
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Rebate Service
    • Rebate Services Terms and Conditions
No Result
View All Result
  • Home
    • Advertising Promotion
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
    • Best Brokers 2023
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Rebate Service
    • Rebate Services Terms and Conditions
No Result
View All Result
FXVNPRo
No Result
View All Result
Home Forex/CFDs/Cryptos News

Technical and trading outlook: GBPJPY, GBPUSD, USDJPY

fxvnpro by fxvnpro
July 25, 2022
in Forex/CFDs/Cryptos News
0
FXStreet
0
SHARES
2
VIEWS

GBPJPY down we go as the JPY strengthens

(Nenad Kerkez – Independent Analyst)

GBPJPY technical analysis

  • Bearish downtrend formation.
  • Sequence trade is playing out.
  • We should continue lower.
  • 162.50 and 162.00 are targets.
  • 164 pips is the ATR.

MEGATREND MAs: Bearish

H1 chart GBP/JPY

FXStreet

1. Double bottom point 1.

2. High.

3. Double bottom point 2.

4. Final target.

The GBP/JPY is moving lower as a part of the sequence trade that has started on a weekly time frame. Weekly shows bearish CBR pattern. The Daily is moving down along with the H4 time frame as the price is running away from the MAs. H1 price is retracing but there was an IO pattern 2 bars ago. Additionally when we have 100 % risk on scenario we could see: 1.Gold up 2.Commodities prices down 4.Equities down 5.Yen strengthens as a result.

During the risk on scenario the Japs can get cheap credit, so they invest overseas heavily so when it’s risky, they bring the money back creating demand for Yen. Technically we could even go lower than the final target but the first thing for bears is that the price closes below 163.34 in H1 timeframe. Have in mind that the intraday target is 162.04 according to the ATR. It’s Monday and we could see some retracement before going fully down.

This analysis, the sequence trade and the IO pattern are a part of the Megatrend trading course. I have 1 long position that I will maintain. The intraday target is 162.04 while the intraweek target is 162.00. There is no swing target yet.

Weekly technical and trading outlook – GBPUSD

(AceTrader Team)

Trend daily chart

Down

Daily indicators

Bullish convergences.

21 HR EMA

1.1989

55 HR EMA

1.1982

Trend hourly chart

Sideways

Hourly indicators

Neutral

13 HR RSI

51

14 HR DMI

-ve

Daily analysis

Consolidation with neutral bias.

Resistance

1.2097 – Jul 04 Asian low (now res).
1.2064 – Last Fri’s 2-1/2 week high.
1.2045 – Last Tue’s high.

Support

1.1961 – Intra-day low.
1.1917 – Last Fri’s low.
1.1891 – Last Thur’s low.

GBP/USD – 1.1983.. Although cable rose in tandem with euro initially last week to 1.2045 (Tue), price ratcheted lower on UK’s political woes n fell to 1.1891 Thur on cross-selling in sterling b4 ratcheting higher to 1.2064 Fri.

On the bigger picture, despite cable’s brief break of 2016 post-Brexit low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar 2020 on safe-haven usd’s demand following free fall in global stocks, price rallied to 1.3686 on the last trading day of 2020 following a last-minute EU-UK trade deal, then to a near 34-month 1.4241 peak in Feb suggests a major low is made. Having said that, cable’s erratic fall to 1.2162 in Dec 2021 n then continued decline this year to a 2-year bottom at 1.1934 in mid-Jun n weakness to a 2-year trough of 1.1761 in mid-Jul signals correction fm 1.1412 over n may head to 1.1700/10, ‘bullish con- vergences’ on daily indicators should keep price abv 1.1562. Abv 1.2162, 1.2332.

Today, cable’s rebound fm Jul’s 1.1761 trough to 1.2064 confirms recent downtrend has made a temp. low, as said Fri’s 1.2064 was accompanied with ‘bear- ish divergences’ on hourly indicators, subsequent retreat to 1.1972, then intra- day brief break there may head back to 1.1891 but 1.1877 (61.8% r) would hold.

FXStreet

USDJPY outlook: Pullback found a footstep well above key support

(Slobodan Drvenica – Windsor Brokers)

The USDJPY is consolidating in early Monday after strong bearish acceleration last Thu/Fri that extended pullback from new 24-year high to two-week low (135.57).

Friday’s close below initial Fibo support at 136.31 (23.6% of 126.36/139.39 upleg) generated negative signal which was boosted by weekly bearish engulfing on the first weekly close in red in 8 weeks.

Pullback found temporary footstep as stochastic on daily chart entered oversold territory, RSI turned north from neutrality 50-territory and momentum moved into sideways mode above the negative zone borderline.

Overall picture remains bullish and sees current pullback preceding fresh push higher and dips are likely to provide better buying opportunities.

Scenario of bounce on pullback’s stall at 135.57 would require initial signal on close above 20DMA (136.82), with extension above 10DMA (137.59) to confirm reversal.

The second scenario includes deeper correction which should find firm ground at 134.40 zone (Fibo 38.2% / June higher base) to keep larger bulls in play.

Traders await Fed’s decision on Wednesday, with widely expected 0.75% rate hike, though 1% raise cannot be completely ruled out, despite sharply falling expectations percentage after initial euphoria seen last week.

US inflation remains high and Fed’s measures are expected to give results in some time that adds to expectations for a hawkish stance of Chief Powell’s outlook for coming months, which would offer fresh support to the US dollar.

Res: 136.81; 137.59; 137.95; 138.87.
Sup: 135.89; 135.57; 134.41; 134.26.

FXStreet

Read Hungarian central bank and Czech GDP in focus

Post Views: 397

Related posts:

FXStreetUSDJPY Outlook / AUDUSD Daily Chart (Video) FXStreetUS Inflation Preview: Finally signs of peak inflation? Three scenarios for Core CPI and the dollar FXStreetOutlook: USDCAD and Oil Prices, USDCNH FXStreetBitcoin is for billions: Fedimint on scaling BTC in the global south CMC MarketsCrypto’s full swing recovery MarketNewsThe sun is out and stocks sizzle – Europe waits for natural gas FXStreetForex Technical Analysis: GBPUSD, EURUSD and ECB, USDJYP MarketNewsWhat does the race to raise rates mean for precious metal prices? [Video]
Tags: Forex/CFDs/Cryptos NewsGBPJPY technical analysisGBPUSD Weekly technical and trading outlookTechnical and trading outlookUSDJPY Outlook
exness
Previous Post

Forecast: Oil – Gold

Next Post

Hungarian central bank and Czech GDP in focus

fxvnpro

fxvnpro

Next Post
MarketNews

Hungarian central bank and Czech GDP in focus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

XM
  • Trending
  • Comments
  • Latest
Technical Analysis

Technical Analysis – Price Action Trading (Part 1)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 3)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 2)

May 29, 2022
ForexNews

Insiders say LUNA Classic has no future but remain optimistic on Terra’s LUNA 2.0 price

June 7, 2022
MiTRADE

Forex Brokers Types: ECN VS Market Makers VS No Dealing Desk

101
Tiomarkets

MT4 vs MT5: What trading platform to choose?

94
FPMarkets

What is Forex Trading? (Part 2)

68
CMC Markets

What Is Bitcoin?

56
Unlocking the Benefits of MOGAFX Losable Bonus

Unlocking the Benefits of MOGAFX Losable Bonus

October 18, 2023
QtimeFX

Review QtimeFX

October 10, 2023
ProfitiX

Review ProfitiX

October 9, 2023
ProfitLevel

Review ProfitLevel

October 9, 2023

Recent News

Unlocking the Benefits of MOGAFX Losable Bonus

Unlocking the Benefits of MOGAFX Losable Bonus

October 18, 2023
QtimeFX

Review QtimeFX

October 10, 2023
ProfitiX

Review ProfitiX

October 9, 2023
ProfitLevel

Review ProfitLevel

October 9, 2023

Advertisement

fbs



icmarkets

Connect to FXVNPRo

facebook twitter telegram Make It Short

Now online

FXVNPRo

FXVNPRo Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@fxvnpro.com

fxvnpro@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Markets such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. FXVNPRo is not responsible for any information on the website.

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

Recent Posts

  • Unlocking the Benefits of MOGAFX Losable Bonus
  • Review QtimeFX
  • Review ProfitiX
  • Review ProfitLevel
  • Headway Broker | Exclusive $111 No Deposit Bonus
  • Unlock Your Trading Potential with XM Group 50% Trading Bonus
  • FBS 100% Bonus | Turbocharge Your Trading Capital
  • Unlock Your Trading Potential with ForexChief $100 No Deposit Bonus
  • AVFX Capital | $100 Free Welcome Bonus
  • How Do I Get My HF Markets $30 No Deposit Bonus
  • Unlock Forex Trading Potential with SuperForex No Deposit Bonus
  • FBS – How to Claim $100 Quick Start Bonus
  • Review PRC Broker
  • Tickmill How to Claim $30 Forex Welcome Bonus
  • Selecting the Best Gold Trading Broker

© 2013 - 2023 FXVNPRo - Forex Rebates Service | Forex Expert Advisors | Forex Brokers Review | Forex Promotions - News.

No Result
View All Result
  • Home
    • Advertising Promotion
    • Brokers Listing
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Expert Advisors
    • Expert Advisors Price
  • Forex Promotions
    • Best Promotions
    • Forex Demo Contest
    • Forex No Deposit Bonus
    • Forex Cashback Rebate
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2013 - 2023 FXVNPRo - Forex Rebates Service | Forex Expert Advisors | Forex Brokers Review | Forex Promotions - News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/fxvnpro.com/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111