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Gbpjpyforecast

GBPJPY (30)Hello, today earlier in the Asian session TP2 was hit on our fib level -27.00% and currently, we are sited on zone that has been tested as resistance and support in the past as this is a strong area, so there might be a break and retest of that zone before pushing to -61.80% and perfect for an entry. more so we are inthe process of moving to our last TP before we go in for a reversal, as when price hits -61.80% we tend to have reversals, although other confluences can support your judgement before executing such as trend lines, divergence, Break and retest and my absolute favorite market structure. Jesus loves you❤️
by louisemwesigwa
GBPJPY - Dipping for good risk/reward?GBPJPY Intraday - We look to Buy at 161.85 (stop at 160.75) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips. Our profit targets will be 165.00 and 168.40 Resistance: 164.30 / 168.40 / 175.00 Support: 159.70 / 155.10 / 151.00 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.
Long
by VantageMarkets
GBPJPY (1W)Hello, for this week I want to see the market open with a small bullish momentum, although it’s at a critical area, next to weekly foundation level and near a trendline and zone. So am expecting a retest if the trend line before pushing further to the upside, more so its near the 61.80% fib level which is for reversal but if it passes that level and doesn’t reject it, look for it carry to -61.80% thus this is a very critical area, lastly I have spotted some form of divergence, although divergence on larger timeframes tend to take sometime to form. So it’s best to wait for proper break retest of the minor up trend line, as proper confluences should be used before entering the trade. Jesus loves you.
by louisemwesigwa
GBPJPY: Sterling pound turnaround?!!GBPJPY Intraday - We look to Buy at 161.94 (stop at 160.80) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 164.80 and 168.40 Resistance: 164.30 / 168.40 / 171.90 Support: 159.70 / 157.65 / 155.10 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.
Long
by VantageMarkets
GBPJPY | Perspective for the new week The GBP/JPY pair witnessed selling pressure around 160 area in the last one week as profit-booking happens. From a technical perspective, I am of the opinion that there are two possible scenarios lining up for us going into the new week as a breakout/retest of either the resistance or support trendline identified on the 4H time frame could send the price in the direction of the breakout or breakdown. However, it is also appropriate we put into consideration that the BOE is expected to announce a bumper rate hike in its June monetary policy which might have a significant impact on price movement. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
4
GBPJPY : Shorting the GBPJPY with a plan 13.5Simple, practical, professional. This is a very technical movement which is reviewed. It's based on the Head & Shoulder bearish candlestick pattern. When a Head & Shoulder pattern breaks, it aims for a movement down the size of the movement up between the neck-line to the head. In this case, the distance between the head to the neck-line is 900 pip , from 160 to 169. So the break back below 160 is now projecting a movement of roughly 900 pip lower to around 150. This makes a lot of sense as this area is a horizontal support zone stretching all the way back to beginning of 2021. Target may be achieved in the mid term of days to a couple of weeks. Within the down-trend a retest of the neck-line may take place back to 160. A break back above 160 with a candle close may show for a false break down. 158.20 is also an important horizontal resistance, a break above may confirm movement back to neck-line at 160. Trade safe! -------------------------------------------------------------------------------------------------------------------------------------------------- If you found my idea useful, please like and follow! It would mean a lot to me. Thank you so much for reading - I encourage you to do your own research and consider all info provided to be for educational purposes and not financial advice ---------------------------------------------------------------------------------------------------------------------------------------------------
Short
by Exactus
3