GBP/JPY runs into resistance in the 4Hour chartDear traders, as mentioned in yesterday's idea, GBP/JPY has run into resistance
in the 4H chart. Price has backed off after hitting the 4H resistance level.
So, if this continues, GJ can fall further to the 183.50 level. My plan is to short
the rallies in GBP/JPY as long as the resistance holds with target at 183.50
Gbpjpyanalysis
GBPJPY the recent monetary policy changes by the Japanese yen (JPY), there appears to be a decrease in the strength of momentum in the GBP/JPY currency pair. To gain more confidence in this observation, it is advisable to closely monitor higher timeframes (HTF) for additional confirmations. This means that after Japan's central bank's recent decision regarding its monetary policy, the GBP/JPY exchange rate seems to have lost some of its previous momentum. To make more informed trading decisions, it's a good idea to keep an eye on longer timeframes and look for further signs or indicators that support this trend.
GBPJPY, Short, H1 timeframe, Daytrade, Scalping.Are you ready to make some money? Let’s talk about GBPJPY! 🤑
Our screener has identified that JPY is a relative strong currency in this session, and we’ve found that GBPJPY has broken out of the support zone and is headed towards the downside. But don’t worry, this is just a little and short retracement in the daily uptrend.
So, what’s the plan? We could consider the nearest two target levels (184.857 and 184.626), with a stop loss at 185.35 and a sell entry zone between 185.1 to 182.28.
With this strategy, you’ll be well on your way to making some serious cash. Good luck! 💰
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GBPUSD and GBPJPY Top-down analysisHello 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 BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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GBP/JPY 170 Pips profit booked, more uptrend looks likelyHello traders, if you followed my previous ideas on GBP/JPY
you already know that we have been buying the dips below
181. We had a couple of buy positions near 180.80 which generated
over 160 pips on each trade.
Currently, if you look at the daily chart, you can see that the price has
rebounded after moving very close to the 100day EMA . With BOJ
keeping the negative rates intact, it will probably weaken Yen in the
near term. So, we can expect GBP/JPY to probably reach 187 and even
higher. So, my strategy is to buy the dips in GBP/JPY.
GBPJPY Monthly Top Down AnalysisGBPJPY had a very explosive bullish week last week. So this week I'm waiting to see if price will pullback to provide an entry before potentially heading back up again.
Please use your own risk tolerance and analysis before following this trade idea.
😁 Like this video post and comment below what your personal analysis is on this pair.
Safe trading.
GBPJPY I It will keep growing Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPY: Thoughts and Analysis pre-BOE.Today's focus: GBPJPY
Pattern – Ascending Triangle Pattern
Support – 181.16 - 178.17
Resistance – 184.12 - 183.65 - 186.50
Hi, and thanks for checking out today's update. Today, we are looking at the GBPJPY on the daily chart.
For now, we remain bullish on this pair, but as we have discussed in today's video analysis, we want to see a new weekly high to show buyers are in control after Tuesday's breakout. The worry is that buyer momentum might not be as strong as first thought, and we could see selling continue to grind down Tuesday's move.
What will the BOE bring to the table? Rates are forecast to remain on hold, but what will we see in the statement? Will it support buyers or add to the indecision?
Good trading.
GBP/JPY Struggles at resistance, time to fall?Dear traders, if you remember, we bought GBP/JPY@180.80 level and hit our
profit target at 181.70 level, almost 300 Pips. However, as I had already
mentioned earlier, GBP/JPY is struggling at the resistance level.
We have multiple bearish candlesticks at the 4H resistance level. This opens
up the possibility of looking for sell entries.
In my opinion sell entries around 183.70 with target at 182.20 would be valid.
GBPJPY possible buy zone!A minor double bottom pattern has emerged on GBPJPY, precisely on a horizontal support level within the intraday timeframe. This setup appears to present a promising opportunity for short-term scalping.
There is a potential for the currency pair to experience a rebound towards the 184.25 mark.
GBPJPY I Short from resistance and more growthWelcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!