GBPJPY Pair : GBPJPY ( British Pound / Japanese Yen )
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
RSI - Divergence
S / R Level
Consolidation Phase in Long Time Frame
Gbpjpyanalysis
GBP/JPY Amazing Short Setup Valid To Get 250 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPJPY I Potential intraday buy from bottom of the channel Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
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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.
USD and GBPJPY Pullback trade OANDA:GBPJPY took a hit on monday falling upto 0.5% and I expect the pair to close on red on this week. Bank of Japan will be trying to have the situation in control and to prevent the currency from falling past beyond repair.
FX:USDJPY also expected to take the same path after it failed to beat previous highs around160 mark.
A fall in OANDA:GBPJPY Will bring 193.000 to 191 points under focus will FX:USDJPY will likely to test 150 t0 152 zone. On the upside scenario a break of 200.600 support for GBPUSD will likely test 203 to 205 as it moves towards 210.
Same case scenario for FX:USDJPY If it moves past 158 and 160 high then it will advance to 163 and 165
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Always conduct your analysis before placing any trade and use a hard stop loss
SHORT GBP/JPY from 199.70The high of 200.55 back on 24th April saw a deeep and rapid decline in GBP/JPY.
I SHORTED this pair at 200.18 at the end of May and exited when the price started to head north.
I SHORTED again after when the price returned to the 200 level and exited for 80+ pips when the price hit the 200 EMA on H1.
2 candles ago GBP/JPY BULLS pushed the price back above the 200 and the last H1 candle was a wide doji indecison candle as was the last H4 candle.
It cannot be ruled out that GBP/JPY BULLS wont push the price higher from these levels, the signs are that any move higher presents an opportunity to SELL.
The H1 Andean OScillator is signalling SELL on H1.
The last 4 H1 candles have closed near the 200 EMA.
The RSI is heading south on H1.
The MACD is signalling SHORT on H1 and is moving under zero.
It has to be remembered that all JPY pairs are in an uptrend.
GBP/JPY has been heading north since August 2020 so this pullback is just that - a pullback to lower ground.
How deep is the question.
Previously we've seen GBP/JPY pull back to the 50 EMA on D1 which comes in at 196.00 are so its well possible that this level could be reached but news over the next few days will impact direction.
Today we have Final Manufacturing PMI and ISM Manufacturing PMI out of the US.
Its unclear how much this pair will be impacted on the print so tighten stops just to be safe.
GBPJPY Pullback predictionThe trend has always been bullish because YEN is weak asf and BoJ are not doing anything yet to contain the damage. Though this month buyers were unable to break last month high of [200} area which is a multi-decade high. A breach past 201 means more damage for JPY and it will head to 205, 210. A nice push below 199 means a short term pullback towards this month's low area. This move is likely to happen from beginning next month probably on monday. I will be waiting to sell with a tight stop loss above 200.500.
Consolidation zone 190-193 still has to be revisited I think
Let me know what you think on GBPJPY
GBPJPY - Long active !!Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action as price rejected from trendline + institutional big figure 199.000.
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GBPJPY EVERYDAY TRADE SETUP Dear All,
This my idea for sell once sell candle Confirm then only i go short
this is my ideas only. what you flow your trading statistics you can continue.
you need more my ideas flow me
GBPJPY 1H Timeframe AnalysisGBPJPY 1H Timeframe Analysis
As per Elliott wave trend reversal sign.
The daily market is moving very slowly just look at the bullish candle.
GBP/GPY ( Exhaustion )We have come to the previous top from a month ago. We are also extremely overbought. I expect a breakdown here once we close below current structure.
GBP/GPY ( Exhaustion )We have come to the previous top from a month ago. We are also extremely overbought. I expect a breakdown here once we close below current structure.
ALERT: Correction To 195 Imminent??The guppy has been steadily rising for the past 18 trading days after a significant drop due to likely BOJ intervention. So, what’s next?
In my opinion, this pair is highly overbought across all time frames. A correction seems imminent. If you look at the daily chart, the steep and prolonged uptrend suggests a significant drop is likely.
The 4-hour chart provides an even clearer picture of this steady climb. In trading, such prolonged upward movements often precede a drop.
Today, I entered a position at 200.60. My first target is a move down towards 195, with the potential for a deeper correction to 193 or lower.
Long-term, this pair is very bullish. The 190 to 193 area could be a good entry point for long-term buyers, aiming for a move towards the monthly SELL/SUPPLY zone starting at 211.
However, if the price breaks below 190, it could trigger a larger sell-off as large traders take profits.
For now, a short-term sell seems appropriate given the current extreme overbought conditions.
Let me know your thoughts in the comment section below
GBPJPYPair : GBPJPY ( British Pound / Japanese Yen )
Description :
Double Top as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Resistance Level
GPBJPY TRENDLINE BREAKOUT SELLHere on GBPJPY price has broken the trendline after a series of bouce on support area this show there is likely to have have a huge move down sice the previous trend was not healthy enough. So the target profits should be at the previous support level of the first and the second previous support for another take profit.
GBPJPY SELL | Idea Trading AnalysisGBPJPY is moving in an ascending channel. The price has an opportunity to test the resistance zones. If the price cannot break through the resistance level, it is expected that there is a chance that the price will fall..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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GBPJPY: Possible Start Of Bearish Move? Read To KnowDear Traders,
GBPJPY from our previous chart analysis on gbpjpy, the price moved as we hoped for, however, after looking at the recent market behaviour, we realised that JPY Pairs will start turn bearish. JPY is currently retesting a very key level where we can see a vast amount of interested coming in from whales to pump the currency, even BOJ is likely to intervene as if JPY drops further it will likely to cause economic instability within the county of Japan.
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GBPJPYSell on the theory markets ranges 70% of the time. Sell on the theory markets retraces HALF of the previous move 90% of the time. Wait for 30m LTF breakdown for confirmation.
DeGRAM | GBPJPY pullback from the highGBPJPY is moving in an ascending channel.
The chart has reached the resistance level.
The pair has reached the maximum since 2008, and the chart is barely reacting to the news that the Central Bank of England will probably not cut the rate this year.
The volatility of the price movement has decreased.
We expect a correction in the channel.
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GBPJPY ready down?GBPJPY is likely to experience a decline in the next few days, with the movement of gbpjpy already touching the upper channel boundary, which creates a strong barrier for gbpjpy to rise further. I hope gbpjpy will take corrective steps first before continuing its increase
GBPJPY DAILY ANALYSIS Hello traders, here is a setup of GBPJPY and you can see that the price has been on a bullish trend for the past weeks and months so now it has reached the level of resistance (red zone) I will wait for the price to break it then pullback then I can look for bullish opportunities.
GBPJPY Technical Analysis and Trade IdeaOn the daily timeframe, GBPJPY has demonstrated a strong bullish trend. Our main goal is to identify a buying opportunity that aligns with this ongoing trend. Assuming price action unfolds as discussed in the video analysis, we anticipate favorable trading conditions. The video covers critical aspects such as trend analysis, insights into price action, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and remember that this information is purely educational and not financial advice.
GBPJPY
The GBP/JPY is following an ascending channel, presenting a selling opportunity after bearish price action at the channel's resistance trendline. Look for confirmation signals such as a bearish engulfing pattern or a rejection wick to validate the sell entry. Maintain proper risk management to account for potential volatility.
