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Gbp-jpy

Institutional Supply: GBP/JPY ShortHi again! The second similar pair that is added to my watch besides EUR/JPY is the GBP/JPY opportunity. The analysis is more or less the same, price has been in a up-trend which might end due to the new creation of daily supply at the top. The criteria of this zone is exactly the same as EUR/JPY shared previously, making me watch both of them when my alert triggers. What I like from the higher-timeframes is the strong monthly supply area slighyl above or at the top of this daily zone, therefor my arrow is shows that price might spike above it a bit, which is totally fine in my opinion. We have a formula on how far it is allowed to go above. Kind regards, MNieveld
Short
by newcapitalfx
GBP struggles to maintain upward trend👑 GBP struggles to maintain upward trend 👑 👑 Last week, the British pound positively surprised all investors. Because the Bank of England announced the purchase of assets such as bonds 👑 Against the JPY, we could see a rebound of about 10%. 👑 This gave a clear signal confirming the continuation of the upward trend on the pair 👑 The high bounce we made may be cooled in the upcoming trading sessions 👑 But looking at the dynamics, I'm willing to risk saying that the upward trend on this pair is not over yet 👑 Do you like analytics? Watch the profile👑
Long
by InvestMate
9
InvestMate|GBP/JPY time to get rich💷GBP/JPY time to get rich 💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible. 💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong) Accurately predicting a correction and then further rises. I invite you to read the article below. 👇👇👇 💷Since my last post on GBP/JPY the rise has already been over 800 pips which translates into a 5% increase in the price of the pound versus the yen. 💷I am proud to have written about this and it is now visible to see in my profile history. 💷But now in the second part I write that it is not over yet. The rally has only just begun 💷Looking at the long-term uptrend on this pair of 32 months now 💷Where the trend is only gaining momentum 💷Which has been mainly driven by the fall in the value of the Japanese Yen where there is currently no change in monetary policy. (negative interest rates of -0.10%) 💷It is now time for the Pound to squeeze out strong gains on the back of, among other reasons, an assumed interest rate rise to 3% from 2.25% 💷And the Bank of England's announcement of unlimited asset purchases, which has contributed to the pound's sharp rises over recent weeks 💷Friday's trading session ultimately showed market sentiment and investors' willingness to push the pound higher. 💷Moving to the monthly chart and knowing the characteristics of the movements of the currency pairs with the yen crossover which oscillate in clear easy to predict trends. 💷 . 💷We are still 5.29% short of the first resistances 💷At these points I would look for price turbulence (possible corrections) 💷As far as I can see, the way is open for now. 💷Feel free to share your opinion on my analysis. I am open to a substantive exchange of views 🚀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.🚀
Long
by InvestMate
3
GBPJPY on a retracement move 🦐GJ on the 4h chart has created a new recent high. The price is now retracing at the 0.382 fibonacci level over an ascending trendline and a deeper retracement at the 0.618 can be seen. How can i approach this scenario? I will wait for the EU market open and if the price will reach the support and show us a sign of inversion i will consider with my students 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
GBPJPY on a recent high 🦐GJ on the 4h chart has created a new recent high. The price is now retracing at the 0.382 fibonacci level over an ascending trendline and a deeper retracement at the 0.618 can be seen. How can i approach this scenario? I will wait for the EU market open and if the price will reach the support and show us a sign of inversion i will consider with my students 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
GBPJPY Highly important trend-lines to watch.The recent volatility on the GBPJPY pair has been extreme. This price action can only be traded on the long-term by taking break-out positions on key Support and Resistance levels. As you see, the long-term trend has been a Channel Up ever since the March 2020 COVID bottom. Recently, the 148.600 - 149.000 Support Zone that has been holding since March 24 2021, was successfully tested and provided a massive rebound to the pair. On Monday this rebound hit the Higher Highs trend-line of 2022. As long as it holds, expect a pull-back towards the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), even the Internal Support of 160.000. As per the 2021 fractal there are high chances of a rebound there but a weekly close below can put the bottom of the 2 year Channel Up to test again. Any time we close above the 2022 Higher Highs trend-line, consider a short-term break-out buy targeting the top of the Channel Up. This pattern can break to the upside if the 2.0 - 2.5 Fibonacci fractal seen at the end of each Higher Highs sequence is repeated again. In that case, take the Fib from the last low of 2022 and calculate the 2.0 - 2.5 extension zone. ------------------------------------------------------------------------------- ** 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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot