Gbpjpyforecast
GBPJPY Next Possible MoveTechnical Analysis Chart Update
GBP / JPY ( British Pound / Japanese Yen )
Time Frame - H2
Elliot Waves - Completed " 12345 " Impulsive Wave at Daily Resistance Level now it will Follow Sell Trend to complete its Correction " ABC "
In Short Time Frame #STF it is Following BULLISH CHANNEL need Breakout and Retest
Strong Selling Divergence in #RSI
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.
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 - 1H (24.09.2022)🟢 GBPJPY
TF: 1H
Side: Long
SL: $153.00
TP 1: $157.482
TP 2: $158.811
TP 3: $159.885
Possibility of a small recovery bounce after a huge fall recently.
Downtrend is heavy so use SL as the risk is higher.
GBPJPY - Short from resistance ✅Hello traders!
⁉️This is my analysis on GBPJPY.
Here I expect bearish price action as price rejected from resistance + institutional big figure 167.000. As a target I have that huge imbalance below.
Like, comment and subscribe to be in touch with my content!
GBPJPY SHORT WITH 2 CONFLUCENCES List of confluences:
1: Trendline Breakout
2:Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 2 reasons as to why we will be looking to short/ sell the pair. The trendline breakout on the daily chart signals the end of a bear market rally. This is followed by the breakout of a key level
which has been holding for about 3 months since June 2022. With that being said we might see an aggressive sell of GBPJPY.
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.
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 Long Trade IdeaFor this setup, I'm seeing a potential buy swing respecting 160.780 support level.
This a reversal type-trade setup, so it's a bit risky considering the recent H downtrend.
We'll have to see how next week opens though, as price could push a little further down.
GBPJPY 11/10/2022Price while moving in a beautiful downtrend channel as a retracement move, its currently facing support at 160.465 & resistance at 161.455. if price makes a breakout of the recent low it made on the support then it might continue the retracement move & push down to the next support zone at 159.493.
However if price make a break & close above the resistance, then it might continue to push up to retest the next zone at 162.626.
GBPJPY Buy Signal With Price ActionCheck out the technical analysis-based trade plan for the GBPJPY today.
On the 4h to D1 period, the GBPJPY has produced a trend breakthrough, and we are now getting near to major support. We must therefore determine whether the prices for the GBPJPY pair will break through the support or rebound back to the recently formed highs.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPJPY sell long time Generally, a good time to trade GBP/JPY is when the markets in London and Tokyo are both open – between 8am and 9am (UK time). That's when GBP/JPY is at its most liquid, meaning you are likely to get tighter spreads and better prices.
GBPJPY 7/10/2022Price currently facing resistance at 162.305 & support at 161.251 while ranging in between a structure. now if price closes above the resistance of the structure then price might continue to push up to the next zone at 163.325 or all the way to 164.344.
Similarly if price closes below the structure then it might continue to push down to the next support zone at 159.493.
GBPJPY 6/10/2022Price formed a recent support at 163.396 & resistance at 164.380. now if price closes below the support then we can expect price continue pushing down to the next support zone at 161.935 as a retracement move to a newly forming uptrendline.
However if price closes above the resistance, then we can expect price to continue pushing to the previous high at 165.532.
GBPJPY 5/10/2022Price just made a breakout of the previous low at 164.271 by forming double tops at 165.543 facing resistance. now price is heading to the next support zone at 163.410. We'll look for further trades to the short side if price even closes below the next support zone to continue moving to the next zone at 161.962.
GBPJPY 5/10/2022Price retesting a major key zone on HTF at 165.072 & also created a higher low & recent support at 164.297 while moving in a strong uptrendline. now if price respects the new higher low & closes above the high at 165.722, then price might continue its bullish run to the next HTF key level at 167.803.
** A breakout of the recent support at 164.297 however would invalidate the buy opportunity.
GBPJPY 4/10/2022Price currently facing rejection after retesting a major key zone on HTF at 165.072 & also facing very recent support at 163.414 while moving in a short tf uptrendline. now if price closes below the recent support then it would be breaking out of the recent uptrendline & price might continue to push down to the next support zone at 161.951 or al the way down to 160.472 as a retracement move on HTF.
However if price does respects the recent support & closes above the high at 165.072, then price might continue its bullish run to the next HTF key level at 167.803.
GJ LONGmonthly/weekly and daily are bullish
GJ has done retracing and now it's continuing with its bullish trend
on the 4h price is making new bullish swings
so far it broke two strong s/r zones with high momentum candles
broke above the ema's so right now I am only waiting for my entry on the 1h
GBPJPY 27/09/2022Price formed a demand zone in between 154.783 to 153.946 & have a HTF resistance key level at 157.972. so price might come down for some pullback to the demand zone or find support at recent low at 155.256 & then continue to push upto the next HTF key level at 157.972.
However a breakout of the demand zone with bearish move would invalidate the possible long opportunity.
This is the only GBPJPY Setup You Need To TradeThe sentiment on GBPJPY has been down for the last 3 months . The sentiment is still in motion to date.
GBPJPY Analysis : Resume uptrend?Hello 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 21/09/2022Price currently facing resistance at 163.461 & support at 163.114. Now if price closes below the support, then price could continue pushing down to the previous HTF support at 162.705 to make some correction. However if price respects the support & closes above the resistance, then price might continue pushing up to the next resistance at 163.880 retesting the previous high and a retest to HTF downtrendline.
