Gbpjpyanalysis
GBPJPY - LONGGJ formed a bullish flag in a strong upward move. I'm anticipating a breakout of the structure and continuation of the move. My entry is Risky.
GBPJPYThe FX:GBPJPY retreats on Tuesday by more than 0.20%, as the Japanese Yen (JPY) appreciated further against most G8 FX currencies. Market participants estimate that central banks in developed countries would cut rates, boosting the appetite for the Yen's safe-haven status and Gold. Therefore, the pair is trading at 187.24 after hitting a daily high of 187.87.
Even though the GBP/JPY remains bullish, price action during the last couple of days, has formed a ‘double top’ chart pattern, implying that lower prices are coming. Nevertheless to confirm the pattern, the cross must drop below the November 21 swing low at 184.46, but sellers must breach support levels on its way to the latter.
The first support would be the Tenkan-Sen at 186.55, followed by the Senkou-Span A at 185.63. A decisive break, the pair would dive to the Kijun-Sen at 184.71, before testing the latest cycle low. Once done, the ‘double top’ chart pattern targets the 180.50 area.
On the flip side, if GBP/JPY buyers reclaim the November 28 daily high at 187.87, that could open the door to challenge the year-to-date (YTD) high at 188.80.
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.
GBPJPYFX:GBPJPY last came to this area back in November 2015. Although there seem to be some form of rejection around the 184.839. It is very possible that the now found support (based on H4) just might hold however I will rather wait for it to break out of the most recent resistance at 185.522 and retest before I take a buy. Equally the short scenario is very possible and I will rather it breaks out of the now found support at 184.839 and retest it before taking a short, until then, fingers crossed
GBPJPY: Comments on GBPJPY todayToday, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe:
14:00: Switzerland's October trade balance data
17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
Rebounds from weekly lows, eyes 186.30sFX:GBPJPY snaps four days of losses, climbs 0.31% in the late Tuesday North American session, and exchanges hands at around 186.00 after bouncing from daily/weekly lows reached at 184.45.
The GBP/JPY daily chart portrays the pair as neutral biased, as the slope of the Tenkan and Kijun-Sen shifted flat, which could open the door for range-bound trading. On the upside, the pair’s first resistance would be the Tenkan-Sen at 186.37, followed by the 187.00 figure, ahead of the year-to-date (YTD) high at 188.24.
On the other hand, if GBP/JPY drops below the Kijun-Sen at 184.52, that would pave the way to test the Senkou Span B at 183.15, followed by the bottom of the Ichimoku Cloud (Kumo) at 181.75.
GBPJPYUpon examining the GBPJPY on a shorter timeframe, we notice significant instances of price rejections evident on the H4 chart. The market is actively seeking support around the crucial 185 level.
Noteworthy are the distinct wicks that extend into a liquidity zone, creating an interesting prospect for a potential upswing towards the 187-190 range. The pair has demonstrated heightened trading activity, especially notable among GBP*** pairs in recent sessions/weeks.
GBPJPY R:R 1:3This is for short term
Marked Possible Sell zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPJPY - SHORTAfter breaking out of an ascending channel, the price formed a correction and retested a resistance zone. I entered at the break of the correction.
GPJPY R:R 1:5(UPDATED)This is for short term
Marked Possible Sell zone
Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPJPY Long Term SELLING Trading IdeaHello Traders
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GBPJPY - Look for a long ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalances lower and then to reject from bullish order block.
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USDJPY and 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.
Pullback from YTD highs, as evening-star loomsFX:GBPJPY retraces from weekly highs reached on Wednesday at around 188.24 and hovers around the 187.00 figure late in the New York session, as a three-candle chart pattern emerges that could warrant further downside pressure on the pair.
In the near term, the GBP/JPY is consolidating near the year's highs, though it’s forming an ‘evening-star’ chart pattern. However, sellers must reclaim the Tenkan-Sen at 186.41, alongside the November 14 swing low of 186.04 to exacerbate a deeper pullback below the Senkou Span A seen at 185.47, ahead of the Kijun-Sen at 184.52.
On the other hand, if buyers reclaim 188.00, that could open the door for further upside, with buyers targeting the year-to-date (YTD) high at 188.24, followed by the 190.00 mark.
short @GBPJPYGBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecas
GBPJPY LIQUIDITY GRABHello fellow traders, GJ has more downside to come soon, Im expecting price goes back upto 186.4 zone.
But im also looking for a good short/sell on that zone..
This is not a financial advice.
My understanding on markets is the same as yours, but im just aware on liquidity being grab since this moves.
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If you don’t see any change DO MORE ! If you want to make something happen you can! The key to winning the game of life is to keep doing! Growth is more than possible! You have to stay MOTIVATED AND CONSISTENT!
GBPJPY → Struggles around 188.00, on soft UK inflationThe British Pound (GBP) remains steady against the Japanese Yen (JPY) during Wednesday’s mid-North American session after reaching a daily high of 188.24; the pair has fallen below the 188.00 mark, courtesy of weak inflation data from the UK. Therefore, the GBP/JPY hovers around 187.94, virtually unchanged.
From a technical perspective, the FX:GBPJPY is upward biased, but a daily close below 188.00 could pave the way for a deeper pullback, which could extend toward the 187.00 figure. If sellers push prices below that level, the next demand area could be the Tenkan-Sen at 185.75m followed by the Senkou Span A at 185.13. the next support would be 185.00.
On the other hand, the GBP/JPY uptrend would continue if it remains above 188.00, with the first resistance seen at the current year-to-date (YTD) high of 188.28. Sentiment further improvement would put into play the November 2015 swing high at 188.80 before buyers challenge the 190.00 figure.
GBPJPY → Next major target set at the 190.00 levelIn the mid-North American session, FX:GBPJPY rallied and refreshed eight-year highs at around 188.28 on Tuesday, after economic data from the US sparked speculations the Federal Reserve wouldn’t tighten monetary policy any further. Investors see that as a green light to buy riskier assets, to the detriment of the safe-haven status of the Japanese Yen (JPY). The GBP/JPY trades at 188.08, up more than 2%.
Given the abovementioned fundamental intro, from a technical perspective, the GBP/JPY uptrend seems overextended, with buyers targeting the 190.00 mark, a level that hasn’t been reached since September 2008. A breach of the latter will immediately expose the September 2008 high at 198.34 ahead of testing 200.00.
On the other hand, the GBP/JPY first support is seen at today’s low of 186.04, which, once cleared, te pair could dive to the Tenkan-Sen level at 185.50, followed by the Kijun-Sen at 184.52. Once cleared, the next support would be the Senkou-Span A at 185.01.
Two resistance level for GBP/JPYDear traders, GBP/JPY has two resistance which are the key
to predict it's future price movements.
First, we have a moderate resistance level of 185.90 level. Second,
we have another resistance at the 186.70 level. One of these two levels
can be a reversal point for GBP/JPY.
We need to watch out and observe if there is a bearish price action
at either of these levels. A reversal from either of these two levels
can lead to a fall to 183.50
