GBPJPY Bullish Long side Robbery on GJ BankHola Traders,
This is our Day Trade master plan to Heist Bullish side of GBP/JPY BANK . my dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
GBPJPY
#GBPJPY - I started to sell--------------GBPJPY SHORT--------------
GBPJPY is extremely bullish at the moment so I take the opportunity to start building a short position trade. I sold it at 192.57 first. We will see. It can shoot to 200 with ease but I don't mind, sometime it has to reverse and I have a feeling this will happen sooner than later.
Take care with trading!
This is not a financial advice of any form, do your own analysis and research!
GJWe did well on the trade. Now rinse and repeat.
DAILY
Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction.
4H
We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting for it to touch either 190.00 or 192.00 before we follow through on any trades.
1H
Waiting for the rejection at 191.24 or the break through of it so we get more direction of what we are doing.
15Min
We in a downtrend, so there is no intention to look for longs.
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
GBPJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 190.69, which is an overlap resistance.
Our take profit will be at 189.35, a pullback support level.
The stoploss will be placed at 191.83, which is a swing-high resistance level.
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GBP/JPY 130 Pips profit secured, new buy set-up after pullbackHello traders, in my yesterday's post, I advised you to buy GBP/JPY@190.60
after price breaks out of the trendline resistance and 100hour mav resistance.
As you can see, the buy trade@190.60 from yesterday is in 130+ Pips profit .
For those who followed the idea, I recommend you to take partial profit.
Those who didn't buy, I recommend you to wait for a pullback before buying.
If price visits the 191.10 level again and shows bullish price action, I would consider
buying GJ again.
Bearish reversalGBPJPY is rising toward the pivot point that lines up with the 161.8% Fibonacci extension and 61.8% Fibonacci retracement and could potentially fall to a support level.
Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 192.14
Support: 191.24
Resistance: 193.39
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPJPY 226 Pips05.04.2024
The weekly timeframe doesn't appear strong, but I follow the overall trend. Trading with the higher timeframe trend alone can increase your win rate.
On the daily timeframe, we observed daily liq. low and a rejection of the daily vwap with strong momentum. Therefore, I believe the uptrend will continue, as there are no signs of bearish pressure.
Passive entry module
GBPJPY Analysis (5th April 2024)
GBPJPY Analysis
On the 4 hour timeframe, price has created a Bullish Change of Character after testing the daily bullish Golden Fib level. This tells us that price action is actually bullish. However, overnight price action created a huge pullback which coincides with a 4 hour bullish breaker block.
On the 1 hour timeframe, We can identify a 1 hour orderblock that created the bullish move we had earlier on the week and it has yet to be tested.
Ideally what i want to see price do is come and test the 1 hour Bullish orderblock before creating a 15 minute change of character for me to look for potential buys on this pair, targets we will be aiming at will be the relative equal highs at 192.227.
GBPJPY - Only bullish price action ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: As we can see from PS below price respected my previous analysis and rejected from that zone after filling the imbalance.
For those who missed the entry, can wait for a retracement price to fill the imbalance and then to reject from institutional big figure 191.000.
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GBPJPY to find support at previous resistance?GBPJPY - 24h expiry
The primary trend remains bullish.
A lower correction is expected.
Previous resistance level of 191.55 broken.
Bespoke support is located at 191.35.
Preferred trade is to buy on dips.
We look to Buy at 191.35 (stop at 190.85)
Our profit targets will be 192.55 and 192.85
Resistance: 192.35 / 193.00 / 193.50
Support: 191.35 / 190.85 / 190.25
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GJWe did well and got both our trades hit our exit point. Now rinse and repeat
DAILY
Broke through a resistance level and started creating new highs, plus our ascend was very impulsive and engulfed the bears in the market. Indicating we are pushing up and fighting bears now.
4H
191.24, the support price I will believe will give us further signs to look for longs in the market.
1H
Broke 191.24, retested 191.80 and kept going. Now it's slowed down at 192.20 so we stay patient and wait for the trade to come to us.
15Min
Next candle closes bearish engulfing and we will have some sort of bear run, just the length of the run we won't know exactly (remember we are in a full bull run, Daily structure)
GBPJPY → Correction on the background of a bullish trend FX:GBPJPY forms a false break of trend resistance, after which the market enters the correction phase. The technical event coincides with the fundamental one - the Central Bank starts to regulate the currency policy of Japan more strictly.
Even against the background of rising interest rates in Japan, traders are still bearish. The currency pair as a whole is declining on the background of the pound sterling falling while the dollar is growing, but the Japanese Yen is standing still, but the candlestick setup on D1 hints at the soon beginning of the fall, which can strengthen the currency pair.
A retest of the trend support or one of the strong levels before further growth is possible.
Resistance levels: 190.5, 191.32
Support levels: 189.69, 188.82
Technically, the bullish trend may continue after the correction ends. The area of 189.7 - 188.82 may again have a bullish influence on the currency pair.
Regards R. Linda!
GBPJPY uptrend possible move 🎯🎯GBPJPY uptrend possible move
Gbpjpy price trend to continue up trend during session
It is expected that price will continue in the buy trend
And can approach the price range of 190.420
Target zone 192.380
Note:
Always wish you to manage your capital safe
Take small lots of which suits your capital
The winner is the one who sticks with the market
Give us like and support us
Buy GBPJPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 190.50. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
191.25: This represents the first level of resistance within the channel.
191.61: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 190.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
GBPJPY I Bullish breakout and continuation Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
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GBPJPY Buyers In Panic! SELL!
My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 191.04 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 190.79
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Bearish Drop GBPJPY is currently at the pivot and could potentially fall to the support level that is close to the 78.6% Fibonacci projection
Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 190.68
Support: 189.70
Resistance: 191.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.