GBPJPY Bullish but soon pullback GBPJPY surged sharply on the bullish pound sterling.
holding above short-term 21-EMA,
RSI Testing 70 level if break more up
but scope pullback at 70
Gbpjpyforecast
GBPJPY and GBPUSD analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
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GBPJPY 12/09/2022While the price is retesting a major resistance zone at 166.306 it also found a recent support at 164.981 & major support at 164.168. Now if price continues to respect the recent support zone and makes a break & close above the major resistance zone then it could continue to push all the way up to the next major resistance zone on HTF at 167.923.
GBPJPY is in buy zone!!GBPJPY
4H : has opened with a gbp and on the first session, it has formed a strong bullish engulfer.
Daily: Resistance is broken and retested a couple of times.
Weekly: A bullish engulfer formed the previous week and this week opened with a gap.
Trend: Long-term trend is up
A possible buy trade is highly probable
GBPJPY - H4 - DECENT SELL OFF COMING GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
GBPUSD 1H - Sell alert (SHS)We have spotted a potential head and shoulders on GBPJPY, we expect to see a drop in price to 164.400. Let’s get ready for the dip yeah!?
NB|USE PROPER RISK MANAGEMENT
ENTRY PRICE:165.800
STOPLOSS:166.500
TAKE PROFIT:164.400
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.
GBP/JPY fails to break key level, price could fall to 162.70GBP/JPY has failed to break the local resistance at 166.31 and currently, price has pulled back quite strongly from the key level.
We could see more fall in GBP/JPY if the current trend persists. I would be looking to sell if price reaches the resistance level
and target the 162.70 level as my TP
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 Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
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GBPJPY - No Move now ?hello guys,
sometimes I wait for market to take the move then I'll enter;
right now the market seems to be in consolidation from few days and I am waiting for good setup to be formed. so Patience is the key to success.
GBPJPY Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
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GBP JPY SELL Hi guys
. I have identified important levels. The price is now near the SUPPLY level .
..📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I will be glad to see your ideas in this post
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Let's take it long after the retest GBPJPY have been locked in this descending triangle pattern for a while let's wait for the breakout then we can go long after the retest.
Good luck all if you like my idea like it and comment your opinion thanks😊💰🍀
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 - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY DOWN SIDE WAVE has reached 60 ++ PIPS. MARKETS have moved DOWN SIDE from the same mine we have provided.
- JPY has weakened slightly as 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. So GJ can still be BUY.
- Currently, GBPJPY can move up to the LEVEL of 163.428. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 159.500 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. gbpjpy
GBPJPY forecast and ideaPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Great British Pound vs Japanese Yen GBPJPY
GBPJPY 02/09/2022As the price is retesting the resistance, it needs to make a breakout of the recent high at 162.195 to continue pushing up to 162.652 while respecting 161.505 as its support.
A breakout of the support might still lead gj to continue moving in the ranging phase.
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 top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
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