GBPJPY 09/09/2022Price made a retest to the support at 164.240 after a breakout of the previous support. now price if continue with furthur bearish move & closes below the support at 164.240 then price could continue pushing down to retest the next support at 163.667.
However if price faces strong support at 164.240 then it could continue pushing all the way up to retest the previous support at 165.127 as its new resistance.
Gbpjpychart
GBPJPY 08/09/2022GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129.
However if price respects the recent support and makes a break & closes abpve the high at 165.129 then gj countinue pushing up creating new higher high.
GBPJPY 07/09/2022 (updated)So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 165.963 on htf pov. now price if respects the support at 164.979 & closes above the resistance with further bullish move then it could continue moving up creating higher high while moving in respect to the uptrendline.
And if makes a breakout of that support at 165.069 then it could go for some retracemnts coming all the way down to retest the next support at 164.174.
GBPJPY 07/09/2022So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 166.319. now price if respects the support at 164.979 & continues with further bullish move then it could come up to make a retest at the major resistance while moving in respect to the uptrendline.
And if makes a breakout of that support at 165.069 then it could come all the way down to retest the next support at 164.174.
GBPJPY 06/09/2022Price already moved about +260 pips long for the day and is retesting a major resistance at 164.656. now price could go for some small retracements to retest 163.494 or 162.672.
And if price breaks & closes above the resistance at 164.656, then it can push up all the way to next resistance at 166.180.
GBPJPY 05/09/2022Price has a key resistance at 161.527 & a new low at 160.655. Now price if price makes a breakout of recent low then price might continue to push down to major support zone at 159.998 on a higher timframe.
However we see about 66 pips rejection from the recent low on gj so a breakout of the resistance could happen if 4hr candle close with a bullish engulfing candle & if it does break the resistance at 161.527 then gj could be going bullish to retest 162.032 zone.
GBPJPY this week from 05/09/2022 to 09/09/2022GJ moving in respect to 2 trendlines while getting shrink in between creating a symmetrical pattern. And also price facing major support at 160.858 & resistance at 162.672. if the support is broken which seems very likely now, then price might continue to push down to the next major support at 159.998 or go even further down.
And if price respects the support & breaks out of the resistance at 162.649, it could push upto 163.666 or ever further up if breaks out of it.
GBPJPY 01/09/2022GJ is moving in respect with the downtrendline while facing recent resistance at 161.971 & major support at 161.042.
Now if gj makes a breakout of the support & previous low at 160.827 then it might push all the way down to retest the major key zone at 159.998 by forming another recent downtrendline.
GBPJPY 31/08/2022GJ if breaks out of the current resistance at 161.967 then it might continue pushing up to 162.672 or create new higher high if even breaks out of 162.660.
Similarly if gj makes a break & close below the major support at 161.170 then we can look for trades on short side anticipating gj to continue pushing down to retest 160.106 key zone.
GBPJPY:Purchase at dips?!GBPJPY
Intraday - We look to Buy at 162.20 (stop at 161.10)
We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips.
Our profit targets will be 165.40 and 168.40
Resistance: 165.40 / 168.40 / 171.90
Support: 162.00 / 158.65 / 155.60
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure
NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
Short GBPJPY I will keep my bias on sells because on the following reasons:
1- Price is currently at Weekly Fib level 0.382, which is also a major resistance zone;
2- Double Top Pattern (4H);
3- 1 Engulfing bearish candle " (4H);
4- MA 18 and EMA 8 are crossing to the down side (4H);
5- MACD is losing strength and starting to give sell confirmation (4H).
6- On the Daily and 4H I see a Descending Bearish Continuation Triangle
NOTE: Price might react with NY opening.
GBPJPY Descending Channel Pattern.!#GBPJPY Hello trader, I hope are good and safe. Today I opened the chart of #GBPJPY for 15 MIN and analyzed it then I see that this chart has made a DESCENDING TRIANGLE PATTERN, So I hope #GBPJPY will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..