GBP/JPY (British Pound / Japanese Yen) on the 1-hour timeframe, GBP/JPY (British Pound / Japanese Yen) on the 1-hour timeframe, illustrating a potential bullish setup.
Chart Analysis:
• The price is currently around 188.65, trading near a support zone (highlighted in red).
• A possible bullish breakout is depicted, with price expected to rise towards 190.78 - 191.75.
• Key levels:
• Support Zone: Around 188.30 - 187.75 (potential bounce area).
• Resistance Zone: Around 190.78 - 191.75 (potential target).
• The chart also includes a rounded top formation, indicating a prior bearish move, followed by consolidation.
• The expected scenario suggests a breakout from consolidation, leading to an upward move.
Gbpjpybullish
GBP/JPY on the 45-minute timeframe ,GBP/JPY (British Pound / Japanese Yen) on the 45-minute timeframe.
Chart Analysis:
• Trading Plan: The chart highlights an “ENTRY ZONE”, indicating a potential buying area.
• Potential Movement: The green triangle suggests that the price might move upwards toward 190.372 or 190.889.
• Rejection Points: Certain areas where price faced selling pressure (marked with green circles) indicate previous resistance levels.
• Support Level: The zone between 188.772 - 188.950 acts as support, where the price might bounce back up.
This chart seems to follow a breakout or bounce trading strategy, where buying is expected in the “ENTRY ZONE” with targets around 190+ levels.
(Japanese Yen) pair on a 3-hour timeframe. chart showing the analysis of a JPY (Japanese Yen) pair on a 3-hour timeframe. Multiple support and resistance zones are marked with red and blue horizontal lines.
Key Observations:
1. Price Movement: The price is in a downtrend and is reacting at a strong support level (around 189.142).
2. Fibonacci & Zones: The chart seems to incorporate Fibonacci retracement or supply/demand zones for analysis.
3. Indicators & Analysis: No specific indicators are visible, but the analysis appears to be based on price action and market structure.
4. Potential Trade Setup: If the price bounces from this level, a reversal may occur. Otherwise, there’s a chance of further downside continuation.
GBPJPY - LongGBPJPY Analysis - LONG 👆
In this Chart GBPJPY H4 Timeframe: By Nii_Billions.
❤️This Chart is for GBPJPY market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in GBPJPY, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
❤️Please, support our work with like & comment!❤️
GBPJPY 1hr TF Bullish Setup (Weak Low + Double Bottom + -OB)ICMARKETS:GBPJPY looks bullish considering we jump in at the double bottom where market structure will shit (Break of Structure) which is also a weak low, from there we can see the target being just below the negative order block. SL is tight for this setup to minimize risk whereas reward ratio is 6RR.
🚨 GBPJPY HIGH PROBABILITY BUY SETUP SOON 🚨🚨 GBPJPY HIGH PROBABILITY BUY SETUP SOON 🚨
* Here we can see clearly the next potential move for
Pound/Yen in coming hours or day.
* I can see GBPJPY is still within the Parallel Channel , & it's about to from Double Bottom Reversal Pattern at the Strong Support Line at 182.131.
* EP(BUY): 182.295
* TP1: 183.090
* SL: 181.872
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
GBPJPY BULLISH MOVE TO 182.820Hello, I greet you in the Name of Jesus Christ, how are you all doing? This is my prediction I see price moving towards 182.812-820 mark, this analysis is based on Market structure as we have had a whole IMPULSE move then CORRECTION and now onto CONTINUATION mark. There is also a ZONE that I believe should be hit, more so this is minor structure which plays out faster than major structure, on the 15 min I see price MOVING to 182.930 mark and upwards but I love to take things step by step.
GBPYJPY TP LEVEL-182.820 SL LEVEL- 182.235 . USE RISK PROPER MANAGEMENT,
JESUS LOVES YOU