GBPJPY - Daily Trade Idea - 24-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
Gbpjpydaily
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY - Daily Trade Idea - 23-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY - Daily Trade Idea - 22-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY 21/11/2022Price currently retested a major support at 166.101. after which it faced some price rejection & went up to make some pullback. Now price also has some resistance at 166.668. so if price continues to respect the resistance & closes below the previous low or support, then price might continue pushing down towards next supports at 165.728 or 165.134.
GBPJPY - Daily Trade Idea - 21-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
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 JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 173.00. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 162.56 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. Currently the MARKET is RISK ON. Therefore, XXXJPY should be BUY. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
GBPJPY 18/11/2022Price after a retest on a HTF key zone at 166.873, starting to face some price rejection while facing resistance at 166.873 & support at 166.291. so if price closes below the support, then we can expect price to continue pushing down towards the next key zone at 165.730 or 165.156.
Similarly if price closes above the resistance then we can expect price to continue pushing up towards next key level at 167.383.
GBPJPY Next Possible Move#GBPJPY ( British Pound / Japanese Yen )
- Following Strongly the Trend of BEARISH TRENDLINE and Rejection from it
- Rejecting from the DEMAND ZONE
- Support Level Reacting as the RESISTANCE LEVEL
- Selling Divergence
- Expanding Diagonal as a Corrective Pattern in Short Time Frame #STF
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Weekly Analysis 14/11/2022 to 18/11/2022The price seemingly making another swing low in between the HTF uptrend channel while facing strong support at 163.182 & HTF resistance at 166.256. now if price is to continue pushing down it shouldn't breakout of the HTF resistance. so if price breaks the support while respecting the resistance, then price might continue to push down to the next support zone at 160.946 or 159.749 and also make a retest on the HTF uptrend channel with a deep retracement move. However if price closes above the resistance, then short opportunity on HTF would be invalid.
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 JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 173.00. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 162.56 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. Currently the MARKET is RISK ON. Therefore, XXXJPY should be BUY. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
GBPJPY - Daily Trade Idea - 10-Nov-22GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY - Daily Trade Idea - 9-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY - Daily Trade Idea - 8-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY Weekly Analysis 7/11/2022 to 11/11/2022Price while moving in a HTF uptrend channel, facing Major support at 165.119 & resistance at 167.834. Now if price closes below the support then it might continue coming down to make a deeper reversal towards the next key levels at 163.210 or 161.041.
Similarly if price closes above the resistance, then it might continue pushing up to retest the previous high at 171.411 or create higher high continuing the HTF uptrend channel move.
GBPJPY - Daily Trade Idea - 7-Nov-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY 4/11/2022Price after a retest on a HTF major support zone at 165.058, its currently showing signs of facing support as it formed a double bottoms pattern there followed by some price rejection/bullish momentum while its also facing resistance at 166.257. now if price on a 30m TF closes above the resistance, then we can expect gj to go for some reversal all the way towards the next HTF key level at 167.685.
And if price closes below the support then gj might continue its bearish run towards the next key level at 164.258.
GBPJPY - Daily Trade Idea - 4-Nov-22GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY - Daily Trade Idea - 3-Nov-22GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.