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Gbpjpyforecast

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.
by mightybullcapital
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.
Long
by mightybullcapital
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.
by mightybullcapital
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
by benny_marshall
Will GBP/JPY rally to the upside again?For the last few days, GBP/JPY is consolidating in a small range in the minor support area that I have highlighted in my chart. This area is also important because the 100-day EMA lies just above it. If we can see a strong bullish impulse now, there is a good chance that GBP/JPY will rally to the upside again with 163,165 and 168 being the immediate targets. That being said, the bulls need to watch out for the minor support level and trade carefully because if it breaks, then GBP/JPY will decline very fast. To keep the risk low, I will buy as close to the support level as possible.
by YourLazyTrader
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