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Gbpjpyforecast

GBPJPY, new high in B1?The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up: 1. Look for a new high in B1 to enter the 6-month short 2. Breaking down MML, price that is lost in the void, MCS that is neutralized and waiting for a new signal Option 2 speaks for itself, if instead it were looking for a maximum in B1 we could take advantage of the half-yearly cycle for a fairly short trade since, on the annual we are already bullish from the beginning of January '22 for the second half of the cycle (A1).
by The_Cyclical_Trading
GBPJPY Analysis 26/1/2022 30minUpdate: current trades aiming for this green resistance boxout you can see price has literally touched it and no more previously so if we see a break into this box I expect a nice push to the upside. entered this trade this morning after a break of horizontal resistance we seen a push up and retest before moving to the upside, really nice trade, around 25 pips in profit moving my SL to 154.158ish maybe just below it because I expect a test of this level as support possibly before seeing the next leg up. in terms of market structure we are bullish higher highs and higher lows so a breakout like this was expected we will probably find a level and consolidate. RSI beginning to look oversold so as I said very possible to find a level and consolidate to allow a reset of indicators look at the resistance level we are hitting on the 30 min chart, probably showing the start of what I said earlier, a short here might be a good idea, im in decent profit and covered myself in terms of risk so im going to aim for the green box if not take the SL in profit and be done for the day.
Long
by ryanc49
GBPJPY Long Term Predictions (4H Chart)Technical Analysis Summary GBP/JPY TREND ANALYSIS We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS) We have 1 downtrend in yellow that has already been broken only for explanation purposes Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published that were respected. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBP/JPYThe British pound cratered against the Japanese yen to reach down towards the ¥154 level at the end of the week. That being said, the market is more than likely going to continue to show signs of negativity, as we have closed towards the bottom of the range, and we have seen a lot of negativity in other markets as well. Keep in mind that the pair is highly sensitive to risk appetite, so as long as we continue to see a lot of negative behavior out there, this pair will fall towards the ¥152.50 level.
Short
by SmoothJB
GBPJPY is at Important LevelGBPJPY after making a double top in daily cycle, has come down massive (350 + pips). It looks like it will pause here a bit before making next move. Two possible senarios will likely to play; a) Bullish The pair is reaching at important support zone and indicator is also approaching the neutral zone. It will take a bounce from here and retest the recent high. One can take long position from here with stoploss below support and have a good ride of 100 pips. b) Bearish The pair will continue it downward journey if it breaks the support zone. One can adopt sell on strength strategy and play till all the way to bottom. Don't forget to share your valuable feedback in comment section. Check our other Forex and Crypto Setup on Profile.
by JustTradeSignals