GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
GBP/JPY is making a bullish rebound on the 5H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 182.665 level.
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GBPJPY
GBPJPY sellAs we have seen GJ has given us a beautiful upward momentum and it seems like now the momentum has been broken as GJ was moving with bullish trendline and recently it has broken below the trendline and going to be bearish the bullish candle forming has no Bullish volume also its a retest of the trendline so we will be bearish for further action keeping an eye on the pair see what happens
GBPJPY and GBPUSD Analysis todayHello 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 has formed strong liquidity candle!GBPJPY 1h is forming another strong liquidity candle after strong breakout from the resistance, retest, it is currently bouncing off the level. As there is high impact news coming on GBP we could see potential 38.2% fib leve retest on the weekly timeframe. as the global trend is up, it may continue to rise to the upside to monthly resistance level.
A buy trade is high probable.
GBPJPY 187.954 +0.47 % SHORT INTRADAY MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from MULTI TIME-FRAME ANALYSIS
GBPJPY 4H TF
* Opening bullish on GU good for possible reversal with PO3 rules.
* The weekly & daily TF show we are still showing signs of a BEARISH move still.
* But seems we may see a push up before continuation with the bears with resting LQ above.
* GJ took External range LQ, looking for that internal range LQ to be taken.
* We are trading in premium of the move,This is where I would be looking for short entries.
GBPJPY 1H TF
* As we open Bullish into the 4h FVG because our HTF BIAS (PO3) Is bearish.
* looking for confirmations to short before we push up in continuation.
* We will see what does the market dish.
* GJ not giving clear plan with regards to pd arrays but looking to see UP move to go LOW.
GBPJPY 1H TF
* We saw a rally with the bulls, strong momentum to the upside.
* Looking at the 1H FVG, this is where i would look for SHORT entries this week.
* Should this PD ARRAY hold will be SHORT for the GJ intraday.
* BASED on the price action served this week doesnt look good this far but we will see.
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POSSIBLE TRADE SETUP ON GBPJPYPotential Trade Setup on GBPJPY
The GBPJPY price broke out of a strong resistance zone and turned support.
The price is developing, and I am waiting for a break above the resistance to go LONG.
You may find more details in the chart!
Thank you and Trade Responsibly!
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GBPJPY H4 - Short SignalGBPJPY H4
Potential shorts in the firing line here on GBPJPY. This 188.100 price is trading very close to this 188 whole number, we could start to see some resistance, rejections and sell-off from this trading zone. We have previously sold off a huge 3000 points over the last few weeks, one of the biggest corrections we have seen in a VERY LONG time.
It will be interesting to see how we perform during market open in 15 minutes for the UK session. Based on the swing high price dated 01/08/2024 to recent low price dated 05/08/2024, we are also trading at a key 618 corrective level.
GJ is still generally bearish, 2 scenarios belowAlthough it's generally still bearish, but sometimes GJ surprises us with a move against any bias, so we always need to have 2 scenarios in mind, the explanation is inside the picture itself.
The highest probability will be for a sell but I keep the buy in mind as well.
Here are the trade execution rules:
1. Do not take a trade inside the zone.
2. Wait for the 30m candle to actually close above or below the zone (with a wick) before executing.
3. Trade can be executed on the 15 minutes afterwards
4. Do not trade outside volume-hours, volume hours are 1 hour before London open till 1 hour after it opens, one hour before NY open and one hour after NY open.
Regards, Marwan
GBP_JPY WILL FALL|SHORT|
✅After the retest of the of horizontal resistance of 188.710
It makes sense to expect a bearish correction
As GBP_JPY is overbought and the market players
Will be taking profit from the level of 186.000
Fuelling a selling wave
SHORT🔥
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GBPJPY Will Fall! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 187.942.
Considering the today's price action, probabilities will be high to see a movement to 186.440.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY - Look for Continuation Long (SWING) 1:7!After the recent Yen hike, which was increased after a long period due to the BOJ's negative interest policy, the price pulled back from the HTF resistance. With the latest news of the BOJ planning to cut down the rates, this setup is fundamentally supported.
Let's see if the market is generous enough to deliver what we forecasted. Since this is a swing setup, medium risk management should be followed. Don't put everything into one basket, if you know what I mean. Happy trading!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBP/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 197.213 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GBP/JPY pair.
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GBPJPY - Down Movement has startedGBP/JPY has tested resistance levels on the 1-hour and 4-hour charts, initiating a downward trend. Place a stop loss above 188.25, and set take profit levels as indicated on the chart.
According to Volume Spread Analysis (VSA), a high-volume bullish candle followed by a high-volume bearish candle that doesn't break the high of the bullish candle is a strong indication of a bearish movement. As long as the high remains unbroken, this setup is favorable for a short trade.
GBPJPY 10H / (Consolidation Zone)GBPJPY Analyse
The price will consolidate between 188.290 and 186.378 till breaking.
there is two scenarios after breaking the pivot zone
Bearish Scenario: stability under 186.378 by closing 4h canlde will supporr falling to get 184.120 and 182.450 then should stabilize under it to get a next bearish station 177.930
Bullish Scenario: the price should break 188.291 to be uptrend till 191.580
Key Points:
Pivot Line: 187.400
Support lines: 184.115, 182.495, 180.180
Resistance Lines: 188.290, 189.975, 191.585
Tendency: Downward
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GBPJPY ( UNDER STRONG DOWNWARD PRESSURE ) ( 4H )GBPJPY
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 183.919 .
TURNING LEVEL : the price of this level at 183.919 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE ZONE : this zone between 191.007 and 198.018 , in order to see this zone the price need breaking turning level at 183.919 , breaking this price indicates an increase and reaching the resistance level (1) at 191.007 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 198.018 , after breaking this zone it will be attempt to reach resistance level (3) at 203.869 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 180.401 & 177.400 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 180.401 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 177.400 .
CORRECTIVE : the price corrective at 183.919 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 191.007 , 198.018, 203.869 .
SUPPORT LEVEL : 180.401 , 177.400 .
GBPJPY - Look for Continuation Long (Scalping) 1:3!GBPJPY has created a new low on the HTF, indicating a potential opportunity to enter during a correction or pullback. Ensure multiple confirmations and confluences before placing a position. Avoid greed with this setup, as a bearish continuation is possible on the HTF, with the SL set at the nearest HL.
If the market is favorable, we may see the price bounce to the nearest demand zone before continuing the correction to the nearest R. Don’t chase the market. Remember, FOMO is a disease!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!