Continue buying GBP/JPY after a pullback.Long Gbp/Jpy arount 194 or 194.365 SL around 193.5 Target please see the chart.
Lucky Trade!
GBPJPY
Gbpjpy updateThis pair has broken our trendline and got rejected from the resistant zone so now we’re waiting for a rejection from the trendline to enter a sell position on an h4 timeframe
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GBPJPY, a rebound play is in order.GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183.
Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple of days.
The pair is currently bouncing off a 0.5 FIB level, a major order block support.
Expect some attempt to reverse to the upside in the next coming days.
Spotted at 181.30
TAYOR.
Safeguard funds always.
GBPJPY H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 197.38, which is an overlap resistance.
Our take profit will be at 196.18, a pullback support level close to 78.6% Fibo retracement.
The stop loss will be placed at 198.52, which is an overlap resistance level.
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GBPJPY - SHORT - INTRADAYExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
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GBPJPY | 04.11.2024SELL 197.650 | STOP 198.650 | TAKE 196.500 | The instrument continues to move down. On the daily chart, the upward trend is still in force. It is recommended to open short positions at the current price with a target at 196.800 - 196.500 level.
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPJPY UPDATEHi all
2 possible trade plan...
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
GBPJPY is in the Down TrendHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY Is Going Down! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 197.624.
Considering the today's price action, probabilities will be high to see a movement to 191.203.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SHORT NOW - GBPJPY - INTRADAY IDEASHORT NOW - This GBPJPY chart is according to M15.
Execute the price at the exact price mentioned, NO FOMO.
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GBP-JPY Local Short! Sell!
Hello,Traders!
GBP-JPY went up to retest
The broke rising support
Which is now a resistance
And we will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
GBPJPY UP FOR NOWNot sure about this one, it broke the uptrend as well but it might not be so sure for GBP to fall like the others ;
For now RSI is low and it seems like a stairs pattern, going up at least to the next HH KL.
Market is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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 NEW HIGHER HIGHGBPJPY is still in an uptrend and looking for a new way down ;
some correction for now and a new HH in the next few days, that's what we think, but the ceiling is not really that strong so it could break and go even higher than the upper green line.
GBP/JPY Ready to Catch the Next Move!GBP/JPY remains in an overall uptrend on higher timeframes. On the M15 chart, we are currently watching for buying opportunities after a breakout of key levels. Special attention is on a potential fakeout at the support zone, where, after a confirmation of the bounce, we could look for entries for long positions. Confirmation of the signal will be crucial to maintain the positive direction in line with the broader trend.
Short GBPJPY : scalp ideaI am shorting GBPJPY as we're hitting a resistance detected on the 30 min chart.
Price action and bollinger bands are also showing that price might reverse.
Last indication is the cross on the RSI/MA indicator.
GBPJPYGBPJPY . Potential long opportunity.
With our last analysis on GBPJPY working out, we are still bullish on the pair with current elections going on. We are still extremely bullish on GBPJPY especially due to the reason BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.
We have been waiting on the break of our previous TP (Take Profit) for us to continue to the upside. Our entry is at 199.182 , with SL (Stop Loss) sitting at 197.786 . Keep in mind we still have the gap on GBPJPY that has happened. Our TP (Take Profit) is sitting at 203.816 but we will trace it with our KL’s (Key Levels) marked with yellow lines. We will send out updates on this analysis.
PARAMETERS
- Entry: 199.182
- SL: 197.786
- TP: 203.816
KEY NOTES
- Last H4 on GBPJPY has closed bullish.
- We have broken past the last high.
- Breaks above our KL’s would result in higher prices.
Happy trading!
FxPocket
GBPJPY THROUGH THE ROOF !!GBP/JPY presents a compelling buy, driven by contrasting central bank policies. The Bank of England’s higher rates lend strength to the pound, while the Bank of Japan’s commitment to low rates continues to weaken the yen. This divergence creates a favorable buying environment, especially as Japan shows no signs of tightening its monetary stance. With additional support from strong technical levels and the UK’s resilient economic indicators, GBP/JPY is well-positioned for potential gains, making now a strategic moment for buyers to capitalize on this opportunity.
GBPJPY Will Move Higher! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 199.119.
The above observations make me that the market will inevitably achieve 199.813 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPYGBPJPY . Potential long opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our KL (Key Level) 195.971 . Today we broke that level and made a pullback to our PBA 1 (Pullback Area) .
We believe that GBPJPY will continue to the upside with next levels to target at 199.180 where our TP (Take Profit) is sitting at. We were trading between our PBA’s since start of the month. Our SL (Stop Loss) is above our PBA 2 at 194.339 . Breaks below PBA 2 would result in break to the downside and we would see the price reach even lower prices.
PARAMETERS
- Entry: 195.774
- SL: 194.339
- TP: 199.180
KEY NOTES
- GBPJPY has broken below our KL (Key Level) 195.971.
- We have retested PBA 1 (195.600)
- Break below our SL could result in deeper pullbacks and breaks of PBA 2.
Happy trading!
FxPocket
