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Gbp-jpy

GBPJPY Outlook 21 April 2023The GBPJPY reversed strongly from the 168.00 resistance area, with the price now having broken the support-turned-resistance level of 166.60. In addition, the price has closed below the 61.80% Fibonacci retracement level from the longer term. Further downside could be expected with the next key support level at 165.40. However, the 166.00 round number level could provide brief support for the downward move. This move to the downside is likely to be driven by both the weakness in the GBPUSD and potentially from further downside on the USDJPY.
Short
by JinDao_Tai
GBPJPY - Potential Bearish Reversal ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that GBPJPY is approaching a strong daily resistance, so we will be looking for sell setups on lower timeframes. on H1: Right Chart GBPJPY is formed a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, GBPJPY can still trade higher and even break the resistance upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
9
GBPJPY - Checkpoint Ahead ✅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPJPY has been trading in range between our blue/green support and resistance zones. Lately, from a medium-term perspective, GBPJPY has been bullish trading inside the rising broadening wedge pattern and it is currently approaching the upper red trendline. Moreover, the blue zone 169.0 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GBPJPY approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
GBPJPY: Channel Up needing a pull backThe GBPJPY pair has been trading inside a Channel Up pattern for the majority of the year and with the price now on its top, the 1D technicals are naturally bullish (RSI = 65.660, MACD = 1.070, ADX = 50.539). A Golden Cross will be formed by next week and just as the Death Cross was on a bottom on Jan 17th, the Golden Cross can be the Channel's new Higher High and start a pull back to its bottom. Sell as long as the price closes inside the Channel Up and buy near the bottom (TP = 168.000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
GBPJPY trend reversal GBPJPY here we have a markup showing the last shifts from this pair, now we have shifted away from our last buy range formed we have a clue that we could be getting ready for a short move on GJ. just because we have this shift in ranges does not mean we are 100% going to bearish, so we will only be looking to take a confirmation sell from the supply zone highlighted above. following our order flow back and tracking the volumes is showing sell side coming in strongest we have had in this current trend to date. of course we will see how price plays out before hitting our zone if it does get back there! We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Short
by PipSurfingSociety
GBPJPY | Bullish Signal!The GBP/JPY pair appears to be on an upward trajectory, with a bullish sentiment prevailing in the market. This can be attributed to a number of macroeconomic factors, such as the increasing demand for British goods and services, improving economic conditions in the UK, and the recent monetary policy decisions taken by the Bank of England. Furthermore, technical analysis indicates a bullish trend as the pair has recently experienced a MA crossover, with the shorter-term moving average crossing above the longer-term moving average. This crossover suggests that momentum is building in favor of the bulls, and that a potential uptrend may be on the horizon. Overall, while it's important to keep an eye on any developments that may impact the pair, the current market sentiment for GBP/JPY is bullish, and traders may want to consider taking long positions in the pair.
Long
by percifying
2
GBPJPY Last push upwards before strong sell?The GBPJPY pair did give a good rebound and pull-back following our February 03 idea but hasn't yet touched the Symmetrical Support level: However it did manage to form a solid Channel Up, closing above the old Higher Lows trend-line and rebounding on the 1D MA100 (red trend-line). As long as those hold, buy and target 168.000 right below the Symmetrical Resistance Zone. A 1D candle close below the Channel Up, would be a sell signal for us, targeting just above the Symmetrical Support level finally at 156.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPJPY | Bullish Signal! GBP/JPY has been showing signs of bullish momentum recently, approaching a key resistance level that could potentially trigger a breakout. The currency pair has formed several strong wicks in the past few days, indicating that there is strong buying pressure at lower levels. Furthermore, the MACD indicator has crossed above the signal line, suggesting that the uptrend is gaining strength. The RSI indicator is also in the overbought territory, which further supports the bullish bias. If GBP/JPY manages to break above the key resistance level, we could see a strong continuation of the uptrend, potentially targeting the next resistance level at . Traders who are looking to enter a long position may consider waiting for a confirmed breakout above the resistance level, and placing a stop loss below the recent swing low for risk management purposes. Overall, the technical indicators are signaling a potential bullish move for GBP/JPY, and traders should keep a close eye on the currency pair in the coming days.
Long
by percifying
1
GBPJPY Outlook 6th April 2023Read the USDJPY analysis and the GBPUSD analysis Anticipating some brief upward move on the USDJPY (before a continuation to the downside) and a continuation of the upward trend on the GBPUSD. This could signal some upside potential for the GBPJPY as the price finds support along the 163 price level. The GBPJPY could climb to retest the 166 resistance level briefly. However, watchout for the potential hesitation level at the 164.50 price level which coincides with the 50% fib level in the shorter term.
Long
by JinDao_Tai
2
GBPJPY on a pennant 🦐GBPJPY on the 4h chart after the liquidity grab below the 159.500 area started an impsule to the upside. The market broke the 164 level and retest the previous resistance now turned support. We can see how that key level has been the 0.482 Fibonacci area and how the price started to trade between 2 narrowing trendlines that potentially could be seen as a pennant pattern. How can i approach this scenario? I will wait for a potential break of the pattern and if that will happen i will look for a nice long order according to the Plancton's strategy rules.
by InkyGrip
2
GBPJPY Technical Analysis 04.04.2023 1h chart– Previous Daily candle closed Bullish at 164.400 above recent Daily Resistance formed on Friday 31st March 2023. – Buys on close above 164.550 targeting 4h Resistance at 164.900, Leaving Runners to the 1h Resistance at 165.220. – Sells on close below 164.000 targeting 4h Support at 163.700, Leaving Runners to the 30min Support formed at 163.500. – Targets are smaller compared to the No Trade Zone but it is important to pay attention to the level of Resistance and how Daily and 4h candles are forming.
by SalimFX20