GBPJPY Is Going Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 197.654.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPJPY
GBP/JPY Eyes a Long Setup After Retesting 180.000 Demand AreaThe GBP/JPY currency pair has recently revisited the critical 180.000 level, which has proven to be a significant demand zone. This area has effectively absorbed the selling pressure, leading to a notable price rebound. The interaction at this level suggests that the market is recognizing this zone as a strong support, and the downtrend that previously dominated may be losing steam.
The price action at 180.000 has halted the bearish momentum, indicating that the pair might be gearing up for a reversal. As selling pressure diminishes, buyers appear to be stepping in, which could set the stage for a new bullish phase. Given the strength of the rebound, we are closely monitoring this area for a long setup, aiming for a return to the 200.000 level.
This potential bullish move is supported by the significant bounce from the demand zone, suggesting that the GBP/JPY pair may have found a solid foundation to recover from. The long setup we’re considering at this point is focused on capitalizing on the anticipated upward trajectory, as the pair stabilizes and positions itself for a climb back to previous highs around the 200.000 mark. This area could be the launchpad for a sustained recovery, offering an attractive opportunity for traders looking to ride the bullish reversal.
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GBPJPY breakout?GBPJPY after forming multiple Liquidity Candle started to breakout from the resistance. As it is a long term bull market, lower timeframe currently aligning with the higher timeframe and 4h candle is currently closing above the resistance line. We may see potential breakout and may continue to bounce to daily resistance line.
As of with liquidity flow is bullish, we are on a bullish trade expecting to bounce with the upcoming news announcement.
GBPJPY: 1st Trade Of The Week Hit Final Target. What's Next?My Bullish bias hasn't changed. GJ hasn't found a ceiling yet so we're still looking for buys.
Our first trade was successful, giving us +100 pips. Now we are looking for some type of correction, pull back or bullish flag, then a continuation up.
Key Res around 196
Key Sup around 194.56
I will try to update if I decide to take a trade.
GBPJPY - 4hrs ( Buy Trade Target Range 280 PIP )🟢 Pair Name : GBP/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long ) Break Out Done
Type : Mid Term Swing
———————————
Bullish Break
195.700 Area
Reasons
- Major Turn level / M
- Visible range Lvn
- Triangel Pattern
- Fibo Golden
- week High Area
- Choch Zone
Bearish Reversal
198.850 Area
- Major Turn level / D
- Visible range hvn
- FIbo Golden Zone
- Quarters High Area
- Choch Zone
GBPJPY: Medium term correction.GBPJPY is bullish on its 1D technical outlook (RSI = 59.018, MACD = 1.270, ADX = 45.334) but on a decreasing rate as the aggressive rise has taken a pause and the price, despite inside a Channel Up since August, has turned sideways since October 4th on the 4H MA50. We expect the bearish wave of the Channel Up to start any day now. Even though the previous targeted the 0.618 Fib, we will aim for the 0.5 this time (TP = 190.000) as the decline may start a little higher than the current price. Keep in mind that the best trigger to sell will be a 1D MACD Bearish Cross.
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GBPJPY H4 - Short Signal GBPJPY H4
We have made a slight adjustment to our trading zone here on GBPJPY. Moving the zone from 195 psychological price, up 60 points to around 195.600. Slight adjustments to accommodate for the recent high press attempts. Supply and resistance no doubt evident on this 195.600 price, stops now covering recent wick high prices of 196.100, with a breathing space of 5-10 points.
We are ranging really nicely here, whilst stops may seem quite large, this is a fast moving pair, and the profit target it also large. This pair has been moving 100’s of points in very quick succession over the past few weeks. The range measures a healthy 200-250 points until support price/TP target.
Formation of an Ascending Triangle Pattern , All Eyes on Buying Hello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
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GBPJPY outlookAs we have seen last week the British pound vs Japanese Yen pair was in consolidation phase now in current week we are expecting a bullish move on the pair the reason why is the pair is in bullish trend in H1 in other confluences it has formed a Bullish flag to extent it can consolidate here and can fly also the confluence is the pair has completed its manipulation phase and now could distribute after a liquidity grab
GBPJPY Will Go Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 195.006.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 194.170 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the GBP/JPY with the target of 191.668 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBP-JPY Local Bearish Bias! Sell!
Hello,Traders!
GBP-JPY made a retest
Of the horizontal resistance
Level of 196.000 from where
We are already seeing a bearish
Reaction and we will be expecting
A further local move down
Sell!
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GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideBonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist GBPJPY "The Guppy" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist GBPJPY "The Guppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Still Consolidating But Slowly ClimbingGJ has been consolidating for awhile but my bias is still bullish. Waiting for price to break above and retest the H4 trend line.
Reasons For Bullish Bias:
- H1 Bullish Choch
- Still forming new HLs
- Small QP 193.75 holding as support
- Multiple rejections at the OTE fib on the H4
Major GBP news coming up in 3 hrs. If I see a trading opportunity after news I will let you know.
GBPJPY Will Go Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 194.510.
The above observations make me that the market will inevitably achieve 193.839 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBP/JPY H4 | Rising into multi-swing-high resistanceGBP/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 195.61 which is a multi-swing-high resistance.
Stop loss is at 196.35 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance.
Take profit is at 193.63 which is a multi-swing-low support.
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GBPJPY Continued To Range. What's Next?Last week we didn't get much movement from GJ. Price continued to range so my initial bias is going to be neutral starting this week. Price is currently at a QP 195 so GJ still has my attention.
Key Res around 195.98
Key Sup around 189.59
I will try to update as we get more development...