Get started

Gbpjpy_outlook

GBP/JPYThe British pound has bounced hard at the end of the week, as it looks like we are trying to stay above the previous resistance. That being said, the market looks as if we are ready to go higher, but we need to get above the ¥160 level. If we break above the ¥160 level, then it is likely that we will go looking to the ¥165 level. On the other hand, if we turn around and break down below the ¥157 level, it is likely that we could go looking to the ¥155 level given enough time. You should also keep in mind that risk appetite has a major influence on what happens here as well.
by SmoothJB
GBPJPY(30) DROP DOWN ANALYSIS Hello, i was so happy with GJ last week, my analysis played out on the weekly just like I had predicted. Praise Jesus! So for this week, I want to see price open up with a small bullish momentum, move up to 158.587 price range after hitting -27.86% fib level. If you entered this position for a minor structure buy last week, this will be your TP2, there after drop form a small bearish momentum hit the trend lines, Finally push up with a bullish momentum to -61.80% as TP3 then drop there after. Trade with enough confluences, trade what you see and not what you think. Jesus loves you ♥️
by louisemwesigwa
GBPJPYThe British pound continues to sell off in general, but this particular pair is going to be a little bit different due to the fact that the Bank of Japan continues to fight higher interest rates in that country. As long as that is going to be the case, the British pound has at least a chance of staying bullish. However, the Bank of England has stated that they expect a recession, so if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs. Alternately, if we see this market break down below the ¥159 level, it is very likely that we will drop it a couple of hundred pips.
by SmoothJB
GBPJPY (30) BREAK AND RETEST.Hello, today earlier GJ pushed up just like I predicted in the Asian session then later dropped after touching a respected zone and also-27.00% fib level which it respected and pushed down. Currently we are in the middle of consolidation, within a zone, always look at all time frames before entering, Although you can only enter for a mini “BUY” when the upper trend line has been fully broken with a full candle and a retest has happen, if you’re taking a trade in the 30min timeframe but have enough confluences before entering. And wait for it to break out of the zone. Ps; Today there is HIGH IMPACT NEWS SO BE VERY CAREFUL, follow structure. Happy trading Jesus loves you ❤️
Long
by louisemwesigwa
GBPJPY CONSOLIDATION (WEEKLY)Hello, as you can see GJ is near a weekly foundation and whenever price is next to that area we tend to see a lot of consolidation on smaller timeframes, although you can always take advantage of minor structure although I would love to see GJ close off with a Doji candle, at the end of the week. As we are in the corrective stages on the weekly timeframe. Happy trading all the best❤️ Ps: Feel free to connect with me or ask any questions. Jesus Christ loves you and died for you.
by louisemwesigwa
GBPJPY (M) SHORTHello, it’s been a long time hope you’re all well. Last month, we saw a lot of bullish momentum, although last week we ended the week with Bearish momentum. Whenever you are spotting divergence it takes a long time to play out, but for this month am expecting a bearish candle for overall close. We are next to a foundation level that means consolidation in the lower time frames. Additionally with market structure, I see bearish candle for the month. The market has been in an impulsive move, as you know the market moves in three ways, implies, correction, continuation. As of now, we are in the impulsive side, hoping to see some correction. Lastly there’s, candle exhaustion at the top of structure from previous Candles, indicating price exhaustion. Note: Minor structure moves move faster than major structure moves, thus you can always take advantage on lower timeframes. Make sure your confluences always line up before taking a trade.
Short
by louisemwesigwa
GBPJPYThe British pound broke down significantly last week, reaching down to the ¥160 level. The ¥160 level is an area that is a large, round, psychologically significant figure, and the fact that we bounced from there should not be a huge surprise. The question now is whether or not we can break above that massive shooting star from the previous week? I suspect we cannot, at least not anytime soon. In the short term, I think we are simply going to go back and forth between the ¥160 level on the bottom and the ¥165 level on the top.
by SmoothJB
GBPJPY LONGS 📉📉📉Expecting bullish price action on GJ as we are in a bullish mraket strucutre from a HTF premise, price filled all the bullish imbalances on it's way and right now we should go for the bearish openede imbalances. Price rejected also an important area of a bullish orderblock on the H4 with a clear bullish candle on the H4. Market Sentiment tells us that retailers are selling this asset meaning we should look only for LONGS, yen weakness incoming. What do you think ? Comment below..
Long
by AnonimFXRO
1
Can GbpJpy reach 180? (Long term analysis)For 5 years, between 2016 and 2021, 125 zone provided an impenetrable price for GbpJpy. After a decisive break above 150, the pair has risen to 157. A new range has formed with this high and also this 10 months consolidation has been broken recently to the upside and a continuation to the next important resistance is to be expected. That being said, corrections to the old resistance should be considered a good opportunity for buying with a target of 180 und negation under 155
Long
by Mihai_Iacob
7