GBPJPY Analysis: Market Struggles At 184.010 As The Price Posts Bearish Divergence GBPJPY struggles at 184.010 as the price posts a bearish divergence. After breaking free from an inverse head-and-shoulders pattern, the market went on a bullish run. Looking at the Moving Average Cross, it’s apparent that the price has been mostly bullish, with the […]
Market Analysis – May 1st GBPUSD is making its third attempt since November to bridge the resistance zone of 1.2459. The contention at the key level has been so stiff that the market has remained in the zone for a few days. GBPUSD Key Levels Demand Levels: 1.1900, 1.1100, 1.0700Supply Levels: 1.2450, 1.3100, 1.3700 GBPUSD […]
Market Analysis -February 25 GBPJPY has broken out of an ascending triangle. The pull of the bearish order block has fostered a price ascent. GBPJPY Key Levels Demand Levels: 156.00, 150.80, 145.00 Supply Levels: 160.80, 165.50, 168.00 GBPJPY Long-term Term: Bearish GBPJPY remained in consolidation for the majority of November. the Moving Averages (periods 9 […]
GBPJPY market has been trading between the 160.80 resistance level and the 156.0 support level, since the beginning of 2023. Range traders can take advantage of the back-and-forth paddling between the key zones. GBPJPY Key Levels Demand Levels: 156.00, 150.00, 140.00 Supply Levels: 160.80, 164.50, 168.00 GBPJPY Long-term Trend: Bullish GBPJPY’s ascent was obvious during […]
Market Analysis – February 5 GBPJPY is currently moving to and fro within the same key levels. The market is stuck between the 160.80 resistance level and the 156.50 support level. GBPJPY key levels Supply Levels: 160.80, 165.50, 168.00 Demand Level: 156.00, 150.00, 146.90 GBPJPY Long-term Trend: Ranging The GBPJPY market is showing a second […]
Market Analysis – January 20 GBPJPY market retraces into discount levels after a bullish displacement from the demand level at 151.160 to the supply level at 172.170. GBPJPY Long-term Trend: Bullish The GBPJPY market was in consolidation for several months in the previous year. In March, the market rallied aggressively from the oversold region at […]
GBPJPY Analysis – December 9 GBPJPY market is now locked in a ranging pattern after it failed to get the best of the 168.720 resistance level and it didn’t drop below the demand level at 164.120 either. This wide-ranging movement comes after a great demonstration of strength from the buyers. Everything was done right until […]
GBPJPY Analysis – December 2 GBPJPY market is being forced into a consolidation phase as neither buyers nor sellers currently have the upper hand. The market has been in a ranging phase since the beginning of the second quarter of the year. Although the market’s range was much wider at the time, with 168.720 as […]
GBPJPY Analysis – November 25 GBPJPY bulls have taken matters into their own hands by abruptly stopping the market’s downtrend at 164.120. The price is now rising aggressively with consecutive bullish candlesticks. The resistance at 168.720 is now under intense scrutiny as the market comes back to test it. The rallying force of the price […]
