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Gbpjpyanalysis

GBPJPY, to swing up to retest the Year's high of 186.735GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support. The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd September and rebounded on the 183.530 support. What do I expect?? The price will swing up to retest the year's high of resistance (186.735) or the yearly resistance trendline closer to the year's high as shown.
Long
by AbeikuGlobal_FX
1
GbpJpy- More than 500 pips selling opportunity2023 was a very strong year for GbpJpy, with the pair rising more than 3k pips, exceeding my target of 180 as explained in both my 17th of January 2022 and 20th of April 2022 long-term analysis. Although the pair remains in an up trend, for a month now, GbpJpy has failed on 186, unable to make a new high, leaving long up-tailed weekly candles. This suggests that a top could be in place and a much-needed correction could follow. With this in mind, I will look to sell rallies for a medium-term trade with a 500 pips target. A new high would negate my outlook. My previous long-term analyses for GbpJpy:
Long
by Mihai_Iacob
13
GBPJPY Long Term Buying Trading IdeaHello 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
Long
by ForexPlanet20
GBPJPY - AnalysisGBPJPY W1 - The price has formed a double top, which may indicate the beginning of a trend reversal, after a long growing trend and falling to 165.832. D1 - A “triangle” pattern is being formed, a breakout of the lower line may also indicate that the price may change its direction of movement to a downward one. What can be expected now? If the triangle is realized, we can expect the price to fall to the level of 181.527 and further decrease to 174.203. Long term - targets 180.292 - 174.203 - 165.832. Medium term - targets 181,527 – 178,534 – 174,203
Short
by Trade_Hive_Signals
Bullish Opportunity in GBPJPY - A Technical AnalysisBullish Opportunity in GBPJPY - A Technical Analysis #GBPJPY #ForexTrading #TechnicalAnalysis #TradingView Hey traders! 👋 Let's dive into a technical analysis of GBPJPY on the 1-hour time frame and explore an exciting opportunity. **Overall Trend:** 📉 The overall trend on GBPJPY in the 1-hour chart is bearish. **Bullish Divergence:** 📈 We've recently observed bullish divergence on the lower lows (LLs) in the 1-hour chart. This is a sign of potential trend reversal. **Pattern Analysis:** 📊 While there's no clear trend continuation pattern, we have identified an Inverse Head and Shoulders pattern, suggesting a potential bullish reversal. **Bias:** 📈 Taking all these factors into account, our overall bias for GBPJPY is bullish. **Time Cycle:** ⏰ The daily cycle also supports a bullish outlook. **Seasonal Pattern:** 🍂 Looking at historical data, September has shown a bullish pattern over the past 10 years. **Trade Setup:** 📈 - **Long Entry: 184.6 - **Stop Loss: 183.6 - **Take Profit 1: 185.6 - **Take Profit 2: 186.6 **Investment Advice:** 💡 It's important to remember that trading carries risks, and past performance is not indicative of future results. Always use proper risk management techniques, and consider starting with a demo account to practice this strategy. Monitor the trade closely and consider adjusting your stop loss as the trade progresses. Remember, this is not financial advice; it's an analysis of the technical factors at play. Keep an eye on GBPJPY, and good luck with your trading journey! 📈💰 Disclaimer: This is for educational and informational purposes only. Do your research and consult with a financial advisor before making any investment decisions. #InvestResponsibly Remember to adapt your trading strategy as market conditions evolve, and never risk more than you can afford to lose. Happy trading! 💼📊
Long
by T-Q
GBPJPY Long Term Buying Trading IdeaHello 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
Long
by ForexPlanet20
GBPJPY SHORT SIGNAL H1Dear Friends : In the pound to Japanese yen currency pair, due to the presence of resistance in the daily tick frame and also the breaking of the trend line in the 1-hour time frame. Now the price is in the right area to sell The possible position of this currency pair is placed on the chart You can also enter for analysis according to your trading style. You can leave a message to subscribe to the crypto and forex signal channel, I will respond as soon as possible.
Short
by jawad369
Will GBP/JPY fall to 178?Let's analyze the daily chartHello everyone, GBP/JPY made yet another attempt to break the resistance level yesterday but the attempt was not successful. 📌Price has already fallen more than 100 Pips today. If the daily candle ends today with a bearish candlestick pattern, we can expect further fall in GBP/JPY. 📌183.46 is a moderate support level which if broken, would open the path towards 178. 📌My recommendation is to sell the rallies in GBP/JPY.
Short
by MarcellusLUX
4