JPY – TP Market Trades

GBPJPY Technical Analysis 16th August 2024 1h chart

Salim Yakoubene — Thu, 15 Aug 2024 22:10:56 +0000

– Thursday Daily candle closed extremely Bullish around 191.780 breaking out of the recent 4h Consolidation Zone. I’ll be looking for potential Buys above 192.100 targeting 30min previous Support formed around 192.560 Leaving Runners to the 4h Resistance formed on 1st August 2024 around 193.260. I’ll be looking for potential Sells below 191.430 targeting 1h previous Resistance formed on 1st August 2024 around 190.930 Leaving Runners to the next 1h previous Resistance formed on 2nd August 2024 around 190.280. Weekly so far is Bullish and more likely will close Bullish forming Weekly Support and correcting the Sells that took place within the last 4 weeks.

GBPJPY Technical Analysis 15th August 2024 1h chart

Salim Yakoubene — Wed, 14 Aug 2024 22:27:40 +0000

– Wednesday Daily candle closed Doji Bullish around 188.900 as price continues to range on the 4h timeframe. I’ll be looking for potential Buys above 189.390 targeting 1h previous Resistance formed on 2nd August 2024 around 189.890 Leaving Runners to the previous Daily Support formed on 14th April 2024 around 190.360. I’ll be looking for potential Sells below 188.460 targeting 15min Support around 188.060 Leaving Runners to the previous Daily Resistance formed on 8th August 2024 around 187.560. The Analysis have been kept exactly the same as the previous one posted as price has ranged within the No Trade Zone, Ideally is to wait for price to break out of the range during high volume time to increase the probability of winning the trade.

GBPJPY Technical Analysis 14th August 2024 1h chart

Salim Yakoubene — Tue, 13 Aug 2024 22:10:46 +0000

– Tuesday Daily candle closed Bullish around 188.800 as price tapped both of the buy targets that were set in place from Monday’s analysis. I’ll be looking for potential Buys above 189.390 targeting 1h Resistance formed on 2nd August 2024 around 189.890 Leaving Runners to the previous Daily Support formed on 14th April 2024 around 190.360. I’ll be looking for potential Sells below 188.460 targeting 15min recent Support formed around 188.060 Leaving Runners to the previous Daily Resistance formed on 8th August 2024 around 187.560. High Impact News ahead of the London session for the Pound Sterling for CPI y/y data release, High Volatility expected at the London session open.

GBPJPY Technical Analysis 13th August 2024 1h chart

Salim Yakoubene — Mon, 12 Aug 2024 22:17:36 +0000

– Monday Daily candle closed weak Bullish around 187.790 forming a huge Rejection to the upside. I’ll be looking for potential Buys above 188.450 targeting Hourly Resistance around 189.050 Leaving Runners to the 1h previous Support formed around 189.510. I’ll be looking for potential Sells below 187.620 targeting 4h Support formed around 187.020 Leaving Runners to the 1h previous Resistance formed around 186.400. High Impact News ahead of the Pre London session open for the Pound Sterling, High Volatility expected at the London session open.

GBPJPY Technical Analysis 12th August 2024 1h chart

Salim Yakoubene — Sun, 11 Aug 2024 22:26:14 +0000

– Previous Weekly candle closed weak Bearish around 187.020 leaving a huge exhaustion wick to the downside, Friday Daily candle closed Bearish forming Daily Resistance around 187.590. I’ll be looking for potential Buys above 187.390 targeting 4h strong Resistance formed around 187.950 Leaving Runners to the Daily Rejection formed around 188.420. I’ll be looking for potential Sells below 186.570 targeting 1h previous Resistance formed around 186.570 Leaving Runners to the 30min Support formed around 185.420. As Weekly closed weak Bearish there is a good probability for price to continue Bullish on the Weekly correcting the Sells from the last 3 weeks.

GBPJPY Technical Analysis 9th August 2024 1h chart

Salim Yakoubene — Thu, 08 Aug 2024 22:43:31 +0000

– Thursday Daily candle closed Bullish at 187.580 respecting Daily Support as anticipated on the previous Analysis. I’ll be looking for potential Buys above 187.930 targeting 1h Rejection formed around 188.600 Leaving Runners to the 30min Resistance formed around 189.350. I’ll be looking for potential Sells below 187.050 targeting 1h previous Resistance formed around 186.340 Leaving Runners to the 1h previous Range formed during the Pre London session on Thursday. As Weekly candle coming to a close this Friday price has formed a huge Rejection wick to the downside.

GBPJPY Technical Analysis 8th August 2024 1h chart

Salim Yakoubene — Wed, 07 Aug 2024 22:35:44 +0000

– Wednesday Daily candle closed Bullish around 186.130 forming Daily Support around 183.100. I’ll be looking for potential Buys above 187.550 targeting 1h Rejection level formed around 188.600 Leaving Runners to the Hourly Resistance formed around 189.880. I’ll be looking for potential Sells below 185.550 targeting 4h previous Resistance formed around 184.650 Leaving Runners to the 30min Support formed around 183.800. Weekly candle starting to form a Rejection wick to the downside around the 180 level so possibly the Thursday Daily candle could potentially respect Daily Support and continue Bullish.

GBPJPY Technical Analysis 7th August 2024 1h chart

Salim Yakoubene — Tue, 06 Aug 2024 22:22:11 +0000

– Tuesday Daily candle closed small Bearish around 183.090 forming huge rejection to the upside. I’ll be looking for potential Buys above 184.700 targeting 4h Resistance formed around 185.900 Leaving Runners to the 15min Resistance formed around 186.670. I’ll be looking for potential Sells below 182.780 targeting 4h Support formed around 181.410 Leaving Runners to 180.100 to fill the Monday Daily Low. 4h timeframe forming a new range so ideally is to wait for high volume time to break out of the range to have a good probability to win a trade.

GBPJPY Technical Analysis 6th August 2024 1h chart

Salim Yakoubene — Mon, 05 Aug 2024 22:37:42 +0000

– Monday Daily candle closed Bearish around 184.090 tapping into the 180s Key Level and rejecting it. I’ll be looking for potential Buys above 184.550 targeting Hourly Resistance formed around 185.730 Leaving Runners to the 4h previous Rejection formed on 7th February 2024 around 186.500. I’ll be looking or potential Sells below 183.580 targeting Hourly Support around 182.580 Leaving Runners to the next Hourly Support formed around 182 Key Level. Extreme Bearish momentum on the higher timeframe as price taps and reject recent Monthly Support formed on December 2023.

GBPJPY Technical Analysis 5th August 2024 1h chart

Salim Yakoubene — Sun, 04 Aug 2024 22:16:33 +0000

– Previous Weekly candle closed strong Bearish around 187.550, Friday Daily also closed strong Bearish tapping into previous Monthly Resistance formed in November 2023. I’ll be looking for potential Buys above 188.100 targeting 30min previous Resistance around 188.750 Leaving Runners to the 30min Resistance formed around 189.360. I’ll be looking for potential Sells below 187.320 targeting Weekly Support formed in February this year around 186.500 Leaving Runners to the 4h Support formed on 1st February 2024 around 185.700. Ideally is to allow price to retrace forming the New Weekly top wick before the continuation to the downside.