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Gbpjpyforecast

GBPJPY (1HR) BREAK AND RETEST.Hey, I would love to see GJ move up to that yellow trendline create a Higher High, that the previous highs and break the trend line then fall to 158.... I made this basis solely on structure, as the market moves in three moves , impulse, correction and continuation. Wait to place sell orders if you are trading the overall(MAJOR STRUCTURE) move until it hits the trend line and drops. But you can always take advantage of minor structure moves, but make sure you have enough confluences before placing in a trade. OVERALL PICTURE IS A SELL SET UP SHARE WITH ME YOUR THOUGHTS. JESUS LOVES YOU <3
Long
by louisemwesigwa
5
GBPJPY LONGI see GBPJPY going to retest resistance @ 165 and if it breaks then is all the way up. My goal is for the price to go bullish again and price to settle just above the resistance @ 165.5 ➖➖➖➖➖➖➖➖➖➖➖➖ I am going long GBPJPY My open position ENTRY: @ 162.1 TP: @ 165.2 SL: @ 161.1 ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lots if you gonna trade on this idea. ➖➖➖➖➖➖➖➖➖➖➖➖ Please like, comment and share if you like my idea. ➖➖➖➖➖➖➖➖➖➖➖➖
Long
by pmfxtrade
1
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
Long
by louisemwesigwa
gbpjpy correctionhello, GJ has been in an impulse move and now its doing a correction after do a correction and then test to 161. Right now on fib level we are on 61.8% on HTF means reversal and we also have a wick which shows price exhaustion. While for structure its showing a sell although you have to keep in-mind the overall trend which a bullish trend. More so, I can see divergence on the daily chart but sometimes divergence can tend to take long to act out. Wicks always show exhaustion so pay attention to them Kindly make sure you have all your confluences in-line. Share with me your thoughts. JESUS LOVES YOU AND DIED FOR YOU <3
Short
by louisemwesigwa
GBPJPY (4HR) BREAK AND RETESThello, as I said yesterday GJ is at critical area where it has tested for support, resistance in the past(1 week) major structure, but price eariler today touched the minor weekly trendline, and retraced little but still maintaining a bullish momentum. So i want to see price break trendline and retest . but always set alerts at your trendlines to avoid impulsive trading casing to losses. Pay attention to every single detail, have multiple confluences. look at structure. TIP: always mark monthly foundation lines, trendlines price always reacts around those areas. share your thoughts Jesus loves you and died for you <3
Long
by louisemwesigwa
4
GBPJPY (1W) Currently, right now we are at a critical area, where price has tested before and respected in the past, pay attention to the candle wicks, divergence . I believe GJ will open up with a bullish momentum on smaller timeframes then make a bearish move but eventually break off with a bullish overall and touch the major monthly trend line and eventually drop(bearish ) but for now am expecting to see consolidation before breaking the monthly trend line as the area where GJ is at major trend lines, areas of resistance so trade wisely . For this week it may close with a Doji candle or bullish candle.Overall Pray and use risk management before entering any trade. Trade what you see and not what think Share with me your thoughts Jesus Christ loves you ❤️
by louisemwesigwa
2
GBPJPY has formed a Fish pattern!!GBPJPY is showing strong bullish momentum in all timeframes. Currently, it is over daily and weekly resistance and already tested once as support on the daily timeframe and formed a Doji. If this instrument opened with a gap to the upside tomorrow, we may see an aggressive move to the upside. Or we may see another retest of the daily resistance( 156.05) as support and may start to move up. On the other hand, If it is a false breakout to the upside, we may see a big candle to the down. If so, we will wait for a retest fo the broken resistance ( 155.80)and will look for short. If you enjoy this analysis please thumbs up. Thank you.
Long
by ForexWizard01