GBPJPY / LONGS My bias for this pair is still bullish, at the moment though I'm just sitting on the sidelines as it just looks to be consolidating
As soon as I see a break in that structure I will look for a long position
Gbpjpyforecast
GBPJPY reached to the top Monthly Supply and will dropWe are expecting a drop here as GBPJPY have reached to it's monthly supply and consolidating, once the price is set it will drop to 142 area and it will be a long term selling opportunities there.
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY Looking for a pullback in to the order block zone and I will be waiting for a selling confirmation before taking a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like comment and follow
GBPJPY Short AnalysisHey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
156 level very important for the GBPJPYThe 156 level is extremely important for the pound yen, if price breaks above it and finds support, we will be expecting price to retest the top of the consolidation channel at 160. Otherwise, we can expect to see price retest the bottom of the channel at 149. We are neutral on this pair.
GBPJPY SHORT (1W)HEY, this is my analysis for this GBPJPY, I want to see it form a double bottom then head to the top hit the major monthly trendline then drop to the downside.
share with me your thoughts<3
GBPJPY SHORT (1W)There is a monthly trendline that has been respected both on the monthly and weekly and we want to see price touch the trendline and then push to the downside there after but before that price will move downward, then form a double bottom and shoot up with the bullish momentum to touch the monthly trendline and fall back with a bearish momentum there after.
SHARE YOUR THOUGHTS
GBPJPY in possible buy zone!!GBPJPY has broken the trend line and possibly moving to the upside as it has just bounced from a
strong weekly support zone
GBPJPY Short Trade Setup SELL GBPJPY You can sell in GBPJPY with Minimum lot
Here is Retest Resistance Level
GBPJPY | Perspective for the new week | follow-up detailsThe price moved exactly 400pips in our direction since my last publication (see link below for reference purposes) to set the tone for bearish momentum. In the last week, and with the appearance of a double top pattern; the Pound appears to have found the crucial resistance at JY158 to incite a second downward spiral. The JY158 area already stopped buyers in October 2021 and January 2022. The JY157 area also stopped buyers during the course of last week trading session to signal a bearish momentum.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline | Reversal pattern (Double Bottom) | Descending Channel
Observation: i. Despite an overall bullish momentum on this pair (see weekly time frame); the JY157 area has been resisting price action since October 2021 to reveal a bearish tendency at this juncture in the market.
ii. Since testing the JY158 area on the 10th of February 2022, price action has continued to find lower highs which culminated in a breakdown of Key level (JY156.450) at the beginning of last week trading session.
iii. This development gave rise to multiple rejections of the JY157 area to make this area our new supply zone for future selling opportunities.
iv. It is important that we put into consideration that the multiple rejections of the JY157 area share a confluence with the bearish trendline that has been guiding price action since the 10th of February 2022.
v. In this regard, I shall be looking to take a sell position below the key level identified at JY156.450 with an opportunity to add to my existing position at a breakdown/retest of the JY155.450 area in the coming week(s).
vi. Mind you, the early hours/days of the new week might see a price climb to test our new supply zone around the JY157 area to incite further decline... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 7days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
No men's land for the GBPJPY. The GBPJPY has been trading in a giant consolidation range and has been on a uptrend in this range since December 2021. Are we going to see continued upside or is price going to break down from here? It is unclear just by looking at the charts, in the short term, these levels looks good for a long but control your risk to a bare minimum. We are pretty neutral on this pair for this month.
Chart update on GBP/JPY- Added a new POI just need to see how price reacts
- Some TPs slightly changed
let me know what you think...
Will JPY continue its run?Hi Traders,
JPY pairs strengthened last week and price action is showing us that we can get another push down. Price has been moving within an ascending channel which we had a double top pushing price to the lower boundary on Friday. If we get an impulse breakout with a LTF correction, this will validate another entry for a sell position.
Be patient with your entry and ensure all of your rules are met.
Comment below and share your view on this pair! Support me by clicking the like button if this helps you.
Good luck!
GBPJPY chopping its way up!THe GBPJPY give up the gains it made in one fell swoop on the last day of the trading week. We expect to see price recover from here in choppy fashion to complete a wave 5 impulse before a macro trend reversal for the pair. This level is great for a buy if you can get in at market open next week, otherwise wait for the choppy range to form and a break out of the range to get in. Our upside target is around 170.
Potential short swing on GBP/JPY- a few areas of liquidity which will be grabbed
- entry will be based on how the price reacts to the POI
- TPs are based around the areas of liquidity
Gbpjpy ready to Fly are you ready ?Gbpjpy ready to make new high are you ready? we expect market make the new high soon .
trend is bullish we trade at ignoring accumulation zone
GBPJPY Down Trend.!#GBPJPY Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
ThankYou.!
GBPJPY SHORTS 📉📉📉📉 Expecting bearish price action on GJ as price is rejecting a bearish orderblock on h4 targeting the trend line liquidity where a lot of retails put their stops below old lows, we have bearish candlestick momentum confirmation on h4 + jpy index is bullish, we go LOWER.
What do you think ? Commnet below..
GBPJPY top-down analysis Hello 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.
GBPJPY - SHORT - SELL Hello everyone I am putting my order to sell on GBPJPY at price 156.000 with SL at 156.300 and TP at 151.500, 15 RR trade
GBPJPY Down Trend.!#GBPJPY Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
ThankYou.!
Short GBPJPY I will keep my bias on sells because on the following reasons:
1- Price is currently at Weekly Fib level 0.382, which is also a major resistance zone;
2- Double Top Pattern (4H);
3- 1 Engulfing bearish candle " (4H);
4- MA 18 and EMA 8 are crossing to the down side (4H);
5- MACD is losing strength and starting to give sell confirmation (4H).
6- On the Daily and 4H I see a Descending Bearish Continuation Triangle
NOTE: Price might react with NY opening.
GBPJPY False Break?currently GBPJPY is trying to form a bullish movement. But I see movement rather than bullish while GBPJPY is not so good from a price action point of view. Then I found that there are 2 Fibbonaci areas, namely 50.0 Internal Retrachment and 1.618 external retracement meeting a minor resistance at 155.414. My assumption is if the price is not able to penetrate the area and false break. Possibly the price will move bearish again to touch the strong support area at 153.138.
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
