GBPJPY – Dominion Markets https://www.dominionmarkets.com/marketanalysis Fri, 05 Jan 2024 01:22:59 +0000 en-CA hourly 1 https://wordpress.org/?v=6.4.2 https://www.dominionmarkets.com/marketanalysis/wp-content/uploads/2021/11/favicon-32x32-1.png GBPJPY – Dominion Markets https://www.dominionmarkets.com/marketanalysis 32 32 GBPJPY Technical Analysis 05.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/04/gbpjpy-technical-analysis-05-01-2024-1h-chart/ Fri, 05 Jan 2024 01:22:59 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4344
– Previous Daily candle closed strong Bullish around 183.360 closing within Daily Resistance formed on 12th December 2023.
– Buys on close above 183.720 targeting previous Monthly Resistance formed on September 2023 around 184.340, Leaving Runners to the previous Daily Support formed on 10th November 2023 around 184.900.
– Sells on close below 182.830 targeting 4h previous Resistance formed on 20th December 2023 around 182.310, Leaving Runners to the 30min Support formed around 181.860.
– There is a probability to see Daily Resistance to be formed on Friday knowing that current Weekly candle is approaching 2 previous Weekly Rejections and previous Monthly Resistance formed in September 2023.
]]> GBPJPY Technical Analysis 04.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/03/gbpjpy-technical-analysis-04-01-2024-1h-chart/ Thu, 04 Jan 2024 01:03:50 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4336
– Previous Daily candle closed strong Bullish around 181.450 breaking and closing above recent Daily Resistance, Forming new Daily Support around 179.170.
– Buys on close above 181.750 targeting previous Monthly Support formed in October last year (2023) around 182.330, Leaving Runners to the Daily Resistance formed on 20th December 2023 around 183.080.
– Sells on close below 180.840 targeting 4h previous Resistance formed on 29th December 2023 around 180.400, Leaving Runners to the 30min Support formed around 180.000.
– Despite the Wednesday Daily candle being extremely Bullish, the Push up on price could be the new Monthly candle forming a top wick before breaking the low to continue Bearish.
]]> GBPJPY Technical Analysis 03.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/02/gbpjpy-technical-analysis-03-01-2024-1h-chart/ Wed, 03 Jan 2024 01:09:24 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4329
– Previous Daily candle closed small Bearish around 179.160 leaving a huge Rejection to the upside around 180.640.
– Buys on close above 179.370 targeting 1h Strong Resistance formed around 179.760, Leaving Runners to the 4h Resistance formed around 180.100.
– Sells on close below 178.730 targeting Daily Support formed around 178.380, Leaving Runners to the Monthly Rejection formed in October last year (2023) around 178.020.
– Overall price has been moving decently on the Hourly timeframe but Daily candles still ranging within Weekly Rejection area formed in October and December last year.
]]> GBPJPY Technical Analysis 02.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/01/gbpjpy-technical-analysis-02-01-2024-1h-chart/ Mon, 01 Jan 2024 23:59:24 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4321
– Previous Monthly candle closed strong Bearish at 179.460 forming strong Monthly Resistance around 187 level, Last Weekly candle of December 2023 closed small Bearish with a Rejection wick to the upside, Friday Daily candle also closed weak Bearish as market experienced minimal movements in price action.
– Buys on close above 179.870 targeting 4h Strong Resistance formed around 180.440, Leaving Runners to the Weekly previous Strong Support formed on 30th October 2023 around 181.170.
– Sells on close below 179.030 targeting Daily Support formed on 28th July 2023 around 178.380, Leaving Runners to the Monthly Rejection formed in October 2023 around 178.020.
– Ideally is to allow new range to form new price action and wait for strong confirmations before taking positions.
]]> GBPJPY Technical Analysis 29.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/28/gbpjpy-technical-analysis-29-12-2023-1h-chart/ Thu, 28 Dec 2023 23:28:57 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4314
– Previous Daily candle closed Bearish around 179.900 below recent Daily Support formed as price break out of the recent Daily Range, forming Daily Resistance around 181.360.
– Buys on close above 180.340 targeting 4h previous Support formed on 26th December 2023 around 180.710, Leaving Runners to the 1h Resistance formed around 181.270.
– Sells on close below 179.630 targeting 30min Support formed around 179.230, Leaving Runners to the 4h Support formed around 178.670.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
]]> GBPJPY Technical Analysis 28.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/27/gbpjpy-technical-analysis-28-12-2023-1h-chart/ Wed, 27 Dec 2023 23:51:59 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4307
– Previous Daily candle closed weak Bullish around 181.350 leaving a huge Rejection wick to the upside.
– Buys on close above 182.150 targeting 1h Resistance which could potentially become a previous Daily Wick Fill around 182.150, Leaving Runners to the 1h Resistance formed around 182.680.
– Sells on close below 181.030 targeting 1h Strong Support formed around 180.670, Leaving Runners to the Daily Support formed on Friday 22nd December 2023 around 180.240.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
]]> GBPJPY Technical Analysis 27.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/26/gbpjpy-technical-analysis-27-12-2023-1h-chart/ Tue, 26 Dec 2023 23:25:55 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4301
– Previous Daily candle closed small Bullish around 181.060 respecting Daily Support formed on Friday 22nd December 2023.
– Buys on close above 181.310 targeting 1h previous Resistance formed on 20th December 2023 around 181.810, Leaving Runners to the 4h Resistance formed around 182.330.
– Sells on close below 180.670 targeting Daily Support formed on 22nd December 2023 around 180.250, Leaving Runners to the next Daily Support formed on 4th December 2023 around 179.920.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
]]> GBPJPY Technical Analysis 22.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/21/gbpjpy-technical-analysis-22-12-2023-1h-chart/ Fri, 22 Dec 2023 00:15:49 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4293
– Previous Daily candle closed Bearish around 180.240 closing within recent Daily Support.
– Buys on close above 180.810 targeting previous Weekly Support formed on 30th October 2023 around 181.310, Leaving Runners to the previous 1h Resistance formed on 20th December 2023 around 181.830.
– Sells on close below 179.880 targeting 1h previous Resistance formed on 14th December 2023 around 179.360, Leaving Runners to the 4h Support formed around 178.700.
– High Impact News ahead of the Pre London session open for the Pound Sterling for Retail Sales m/m. High Volatility expected.
]]> GBPJPY Technical Analysis 21.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/20/gbpjpy-technical-analysis-21-12-2023-1h-chart/ Thu, 21 Dec 2023 00:15:47 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4287
– Previous Daily candle closed Bearish around 181.340 forming Daily Resistance around 183.070.
– Buys on close above 181.540 targeting 1h previous Support formed around 181.960, Leaving Runners to the 4h Resistance formed around 182.330.
– Sells on close below 181.090 targeting Weekly previous Support formed on 7th August 2023 around 180.660, Leaving Runners to the 4h Support formed around 180.340.
– As Daily Resistance has been formed and price corrected the whole Bullish move we’ve had on Tuesday retracing to the recent Daily Range Zone, there is a probability for the next 2 Daily candles (Thursday & Friday) to range.
]]> GBPJPY Technical Analysis 20.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/19/gbpjpy-technical-analysis-20-12-2023-1h-chart/ Tue, 19 Dec 2023 23:14:53 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4281
– Previous Daily candle closed strong Bullish around 183.080 retesting Daily Resistance formed on Tuesday last week (12.12.2023).
– Buys on close above 183.420 targeting 1h Resistance formed at 184.010, Leaving Runners to the 4h previous Support formed on 8th November 2023 around 184.590.
– Sells on close below 182.610 targeting 1h previous Resistance formed on 19th December 2023 around 181.900, Leaving Runners to the next 1h previous Resistance formed around 181.290.
– High Impact News ahead of the Pre London session for the Pound Sterling. CPI y/y forecasted at 4.3% previously was 4.6%.
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