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Gbpjpyanalysis

Selling $GBPJPY here - adding another sell order Trade type AAA Reasons for taking this trade: - We had weekly supply zone. - There is internal liquidity waiting to be cleared. - 30 mins candlestick has closed bearish engulfing. - We hit 30mins supply hence we got our reversal accumulation. My previous idea is still in profit Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Short
by Sherman_Trades
GBPJPY Trading Plan - 16/Apr/2023Hello Traders, Hope you all are doing good!! I expect GJ to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
GBP/JPY about to reach Resistance level, should you sell?After hitting the dynamic support level last week, GBP/JPY has rallied quite strongly. Price is currently just below the resistance level and looking at the momentum, it seems GBP/JPY has a high probability to reach the resistance level that I have highlighted in my chart. Traders should adopt a "wait and watch" approach for now and see the price action at the resistance level. If we see some bearish price action with rejection candles at the 166.40 level, traders can consider selling. Probable Trade Signal Sell GBPJPY@166.40 Stop Loss(SL): 167 Take Profit(TP): 163.51 The above signal will be valid only if bearish price action forms at the mentioned resistance level
Short
by YourLazyTrader
2
GBPJPY daily rejection at 164.68 since Dec 2022Looking at the price chart, we can see price has done a Change of Character, and it is currently pulling back so it can go for a Break of Structure. I am anticipating the reversal of the pullback at 164.50 - 164.74 region because :- i. We have an Order Block yet to be mitigated in that region. ii. We have 50% Fib Retracement level of wave A at 164.60 iii. We have a Trendline Liquidity around that region iv. Looking at the upward correction from 162.78, it resembles a Flag v. Looking at the Daily chart, I observed that we don't have any candle close above 164.68 since December 21, 2022, which I refer to as a Resistance/Supply zone. In summary, we have a small buying opportunity from 163.80 - 164.65 but I would recommend looking for selling opportunities instead because no candle had closed above 164.68 yet on the daily TF this year and I don't think it would be happening yet due to the confluences of selling signals we have. I would love to hear your thoughts 🤔, feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Short
by owlswift_fx
GbpJpy -> This Is The SetupHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just recently perfectly retested and already rejected a quite obvious uptrendline which we had exactly at the 185.5 area. You can also see that we are currently retesting previous resistance at the 165 area, however weekly market structure looks very bullish so I am now just waiting for a break above the zone before I then do expect more continuation towards the upside. On the daily timeframe you can see that GbpJpy is also retesting previous daily resistance at the 165 area - I am also now just waiting for a daily break and retest before I think the next impulse towards the upside will be quite likely. Thank you for watching and I will see you tomorrow!
Long
by basictradingtv
39
GBPJPY below 163.77Last Month's Open and Close is around 163.73 - 163.77 region and from what we can see so far, price broke and has stayed below it. Reasons I am staying Bearish ATM 1. As long as price doesn't close above 163.77, I believe our bearish momentum continues 2. We had a change of character when price broke through 163.00 3. I am expecting a pull back to 163.77 before a break of structure at 162.77 4, I believe we are in a 5 wave movement downwards to 161.39 - 160.85, where we have an order flow. 5. Price is still below the 50 EMA and 200 EMA The orange zone marks my entry and where the last order block is situated which also coincides with our last month's close/open, whereas my target is 160 region. Any price movement above 163.90 invalidates my analysis. There's a buying opportunity between 163.00 - 163.80, although we are bearish, we can also scalp the longs. I would love to hear your thoughts 🤔, feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Short
by owlswift_fx
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 171.000. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 161.60 SUPPORT LEVEL to the RESISTANCE LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
1
GBPJPY- A MASSIVE SELL OPPORTUNITY Dear Traders, hope all of you are doing great, we have 900= pips selling opportunity on GBPJPY, currently we had change of the character and price is bearish since last two days. There are two areas that we are targeting at the moment labelled as 'selling zone 1' and 'selling zone 2'. Remember if you are entering, enter with stop loss not more than 40+ pips which applies to both entries. Good Luck and Please do like and comment! :)
Short
by UnknownUnicorn52780235
16
The GBPJPY achieved some Gains.The GBPJPY pair ended its recent bullish rally by achieving some gains and reaching 166.40, followed by Diving bearishly towards 162.75, hinting its surrender to the stability of the major barrier around 166, which will hinder the attempts to resume the bullish attack in the near term and medium term period. Also, stochastic exit from the overbought areas will force the price to provide new negative trades that might push it to settle within the bearish channel again, to suffer some losses by moving towards 161 and beyond... BUYING SCENARIO: For now point to consider will be 162.75 as a major support...if hold (Buying Scenario) 163.80 will be my first target (Resistance) and if broken then 167 will be confirmed. SELLING SCENARIO: again point to ponder will be 162.75 as support and if broke downside then 161.10 will be my target and if broken too then we'll see further nose dive Trade Wisely.
by AdilHussain731333