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Gbpjpychart

GBPJPY - Look for Continuation Long (SWING) 1:4!GBPJPY isn’t showing any signs of reversal yet, especially following the election of Japan’s new PM and the recent BOE decision to maintain interest rates. Technically, the price appears to be forming a symmetrical triangle, suggesting a potential breakout from the resistance trendline. If confirmed, this could propel the price to the next Supply Zone on the higher timeframe. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
1
GBPJPY - Look for Continuation Long (SWING) 1:6!GBPJPY has rebounded from the HTF support level, breaking the trendline in alignment with a bullish market structure, indicating strong buying activity. There's currently no sign of reversal. On the HTF, a solid double bottom has formed, suggesting market sentiment may push the price higher. This is further supported by the recent BOJ decision, showing no urgency to raise interest rates, reinforcing the bullish momentum. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPJPY - Look for Continuation Long (Scalping) 1:3!GBPJPY has created a new low on the HTF, indicating a potential opportunity to enter during a correction or pullback. Ensure multiple confirmations and confluences before placing a position. Avoid greed with this setup, as a bearish continuation is possible on the HTF, with the SL set at the nearest HL. If the market is favorable, we may see the price bounce to the nearest demand zone before continuing the correction to the nearest R. Don’t chase the market. Remember, FOMO is a disease! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
2
GBPJPY - Look for Continuation Long (SWING) 1:4!GBPJPY did not show any signs of turning bearish. The price failed to create a new lower low on the higher time frame, and there are no signs of a reversal chart pattern, indicating that the volume of buyers is still strong, with the potential to push the price higher and create another all-time high. The price reacted strongly at the Fibonacci retracement golden zone, suggesting an opportunity to go long. Regardless of the situation, protect your capital and manage your risk. Remember, trading is a marathon, not a sprint. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
7
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
by Mbjoey
GBPJPY 17/10/2022Price facing recent support at 167.073 after creating a new high retesting HTF resistance level at 167.846 while also moving in respect to a HTF uptrendline. So if price closes below the support zone, then we can look for trades on the short side expecting price to push down retesting the next support levels at 166.363 or 165.419. However if continue to respect the support & the uptrendline and makes a breakout of the recent high at 167.846, then we can look for trades on long side expecting price to continue bullish retesting the next resistance on HTF at 168.727.
by mightybullcapital
GBPJPY 12/10/2022We can see price made a breakout of the retracement move's downtrend channel & came down again to grab liquidity on the support zone at 159.619 then started to face bullish momentum signaling a bullish continuation run on HTF. Now we have a resistance zone at 162.685 which GJ almost retesting, So if gj makes a break & close above the resistance zone on 30 min TF then we can start to look for trades on the long side on shorter tf in hopes of gj coming all the way up to make a retest on the next key zone at 164.405 setting your stop loss below certain structure in 30 min TF.
Long
by mightybullcapital