Wait for the pain to come for GBPJPY.Wait for a correction to the upside at around 156 and for the price to dump down to the 152 levels. Things are not looking good for risk-on in the short term.
Gbpjpyforecast
GBPJPY SHORTThe Safe heaven currency is setting up for more strength due to high tensions in Europe. The DXY is getting stronger as well and might see a correction or a pull back. Getting short when the price reaches the marked zone. Best of Luck!
GBPJPY 4Hr Analysis, week 4 2022 We may come up to 155 on the Daily
We may Respect 154.500 Since we just closed below that
price point during the Pre-NY 4hr Candle.
I don't like it a whole lot, Staying out for the Time being
I had just taken a 5:1 RR position that got stopped out,
Trading in Line with my bias, Bearish , Due to the Daily/Weekly TF's
I'm still looking for a retest of lows, at 153.8 and 153.5
GBPJPY 4Hr Analysis, week 4 2022Neutral
we have fomc news in4.5 hours which has historially had some affect on this pair
it appears some fomo sellers got caught during
asian session yesertday. I caught buys as the daily candle closed
bullish rejecting our weekly zone.
Probably best to wait until fomc and then possibly trade with your bias
trading news is risky
GBPJPY SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price take out liquidity above buy side liquidity and PDH, rejecting a bearish orderbloc on m15/m30 and fullfills a m30 imbalance. JPYBASKET is located near astrong area of ,, support,, and should rise from there that means bullish JPY.
What do you think ? Comment below..
GBPJPYHello traders. With the price reaching the level of 50% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
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.
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
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GBPJPY weekly targetit's a good trend and the correction is over.
good risk/reward.
time to trade.
don't forget money management only risk on 1% of your balance.
good luck.
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.
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY continuing on from last weeks trade i can still see this pair falling down lower so only looking for a short
so i will be looking for a pullback to order block zones to take a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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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.
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Short targets met. We wait for the long trade now for GBPJPYOur short targets are met this week. We will exit our trade and start to look for a long. Totally expect price to move down to 152.3 and consolidate for a bit there while the markets wait for some clarity on the climate.
#GBPJPY What would you think about it ? Hey! i am looking it like this. What would you think. Comment please
GBPJPYHello traders. Due to the failure of the trend line, the price is expected to decrease by 80 pips in the first target and 130 pips in the second target. Be profitable
GbpJpy- Strongly bullish structure for 3k pips gainOn Friday I called for a break of support and, in the end, this break proved to be a false one and I closed my sell trade on break even.
As always, when I'm in doubt, I look at the longer TF, and here things are pretty clear, with GbpJpy in a visible uptrend since March 2020.
Also, the 2020 "pandemic low" and 2016 low have formed a nice double bottom on our weekly chart (very clear in monthly also).
At this moment the pair is consolidating exactly in the neckline resistance and considering the 6 months of consolidation the break should be very violent.
If this break will happen to the upside the next target is around 180 and the measured target of the double bottom is near 200, level confluent with a previous high.
Note: This is a very long-term outlook so don't expect 180 in 2-3 weeks
