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Gbp-jpy

GBPJPY Potential Forecast | 19th December 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for this week. Trade idea: 1. Price is currently on a downtrend on the lower timeframe. 2. We could see clear bearish orderflow in recent price action. 3. Price could potentially head up to clear the imbalance present marked by the green zone. 4. Will be look for confirmations on M1 to M5 timeframes to enter on shorts at the green zone. Things to look out for: - However, I do notice that price has validated and respected the demand zone at the bottom. This serves as a risk to us as validation of the demand zone could mean for price to continue heading up and without strength to continue down. Hence, we will await proper confirmations like a break of structure before entering shorts at our green zone. All in all, I will be awaiting short confirmations on GBPJPY. Regards, Chern Yu
Short
by Jon_Jones_Junior
9
GBPJPY targeting 172.250 on the medium-term.The GBPJPY pair has been rebounding strongly since the November 11 Low within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The Low was made on the Inner Higher Lows trend-line, that has had five hit-and-holds since May 12. Based on the 1D MACD also, this sequence resembles the April 20 - June 09 fractal , whose rebound reached the previous High, which is now the Resistance at 172.250. This is the short-term target. On the long-term you see that the pattern is an Ascending Triangle (since March 2021 and we are close to the Higher Highs Zone. Every hit either on the dashed or top trend-line is a sell opportunity, until the pattern is invalidated. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
GBPJPY can retest the 169? 🦐GBPJPY on the 4h chart retraced at the 0.886 Fibonacci level of the previous impulse. The market is now trading below resistance at the 0.382 Fibonacci area and IF the price will break above we can set a nice long order according to the Plancton's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
12
GBPJPY - Stalling at the 200 period MAGBPJPY - Intraday - We look to Sell at 167.35 (stop at 168.30) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The 200 day moving average should provide resistance at 167.30. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Our profit targets will be 164.60 and 164.00 Resistance: 168.70 / 172.15 / 174.20 Support: 164.00 / 161.10 / 158.70 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
GBP/JPY rises on the horizon💷💴💷💴GBP/JPY rises on the horizon 💷💴The same as for EUR/JPY 💷💴It looks like the Pound will follow the Euro's path and also start a journey northwards. 💷💴All thanks to the defence of the support zone and a strong reaction towards the north. 💷💴The support zone was determined by the fibo level of 0.618 of the entire downward wave from the 2015 peak to the covid bottom 💷💴There are two resistance zones ahead. 💷💴The first based on the 0.382 level of the entire downward wave from the 2007 peak to the 2011 bottom. The second based on the 0.786 level of the same wave as the support zone. 💷💴The scenario I'm playing out is a continuation of growth, not excluding a reaction at the first resistance zone with a target at new peaks. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
8
Joe Gun2Head Trade - GBPJPY in a short term bearish channelTrade Idea: Selling GBPJPY Reasoning: Bearish channel to continue Entry Level: 165.76 Take Profit Level: 164.07 Stop Loss: 166.41 Risk/Reward: 2.57:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
GBPJPY Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for GBPJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 166.122, where the 38.2% Fibonacci line is. Stop loss will be at 169.003 where the previous high is. Take profit will be at 163.029, where the previous low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
InvestMate|GBP/JPY Continuation of declines💷💴💷💴GBP/JPY Continuation of declines. 💷💴As written in the title I will give you my downtrend perspective on this pair. 💷💴Looking at how the price has been declining over the last two days. We can safely conclude that a new wave of strengthening of the Japanese yen is in progress. 💷💴Ahead of us there is a very strong support set on the basis of up to three fibo levels. The first is the level of 0.236 of the entire upward wave from the bottom of 2020 to the peak of 2022. The second is the level of 0.5 of the entire downward wave from the peak of 2015 to the bottom of 2020. The last level is the level of 0.886 of the entire upward wave from the bottom of 2000 to the peak of 2007. 💷💴It is not often that a support zone is based on as many as 3 such strong levels. 💷💴I have marked 2 resistance zones above. In the description I will focus on the one closest to the price. 💷💴It was determined based on a cluster of two fibo levels. The first is the 0.618 level of the entire downward wave from the 2015 peak to the 2020 low. The second is the 0.382 level of the entire downward wave from the 2007 peak to the 2011 low. 💷💴These are the current nearest zones between which the price is likely to operate. 💷💴Looking at the big picture, the scenario I am playing out is to continue the decline to the support zone and watch how the price will behave there. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13