Get started

Gbpjpyidea

GBPJPY under Pressure of Resistances (Ready for Bearish)Here in Gbpjpy, i've mentioned the level @141 as selling point for 200+ pips for today if it fall otherwise the above area i've taken the familiar trend line & from 142 approx considering the proper sell area in which fake design will occur (this is in case if today it isn't fall down). All other supports & resistances are mentioned there. Best of luck with GJ. I HOPE THIS ANALYSIS GIVES YOU THE BETTER IDEA TO DO BEST. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
The Single Best Trade for 2021... and beyond. This trade naturally stands the reason. It is the worst G10 currency prospects versus what's still the most stable("best") G10 out there. While Japan continues to maintain a healthy Account Surplus (for several decades by now) the UK decided to inflate the BoE's balance sheet to the tune of 120% of GDP, in just a few short months. This fact alone justifies a complete re-pricing of this cross, without the need to speculate on the impending doom of the UK, a debt-ridden, rapidly aging, outpost (and Not just because of Brexit - which is a day late and a dollar short!) that is currently dying in the pandemic (economically and in the literal sense) faster than any other country in the developed world. E.g. a total and rapid repricing of this pair is inevitable. (... and as we all know that, this pair can do that faster/better than any other pair in the majors!) Here is the Monthly outlook - And for those who wondered "what the 2nd best trade could be"...;
Short
by Nemo_Confidat
GBPJPY - Change in scenario and downtrendIn the weekly chart, the 5th wave of the Diagonal pattern is not completed yet, the B wave from this point is completed in the range of 156.11. In C wave there is a possibility that a Diagonal pattern is formed, which we are currently in C wave from point 3 of this pattern ( Weekly Chart ) In the daily chart Wave 2 of the Diagonal pattern is in the form of Expanded Flat, which is completed in the range of 147.96. In wave “3”, the first wave “A” ended in the range of 124.08 and wave B ended with a 3 wave movement in the range of 142.71. currently the price is in wave III from point 3. ( Daily Chart ) By monitoring the details of sub-waves in the 240-minute chart, the wave ii from point 3 in the range of 140.70 and has been completed with the Diagonal pattern, which confirms the completion of the price crossing in the range of 138.80. Also, to receive the confirmation for the downtrend, the price needs to break the range of 134.37 with 5 downtrend waves. Also, the targets of this downtrend in the daily chart can be in the range of 124.80. And the main target is in the range of 112 to 114.
Short
by NirmataFX
GBPJPY - Initial targets of the uptrend 145.00The analysis of this currency was very mixed at first, by referring to the monthly and weekly time frame. In the monthly chart, the price is forming the Diagonal pattern in the 5th wave. the weekly chart shows the structure of the waves, which shows that the price is in the B wave from the V point. We knew that the specified movement in the blue box was corrective and had the structure of WXYXZ (Complex wave). (Weekly Chart ) in daily chart , B Wave from V point is probably in the form of Double Zigzag, which of that W wave is finishing in the range of 156.611, and the X wave is ending in the range of 124.08. Given that it is Double Zigzag pattern, we expect a 3-way uptrend in the C wave, which is determined by the Fibonacci percentages in the range of 157.00, this range is the weekly and monthly and the very good area for B wave to be completed. (Daily Chart) But in the 240-minute chart that was shared, we had a good response to the daily channel line, and currently the price is located in the iii wave. The reason we chose the 145.00 range as our primary target is because it is the end of the channel. We will monitor this currency more in the future.
Long
by NirmataFX
GBPJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 02 M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down and is now returning back to test resistance trend-line again. W > Price has also respected upward trend-line as support and is currently testing weekly supply zone. We can see a W formation however price has already completed the formation 2 weeks ago with the pull back. Price can continue with its rise. D > In its upward move price formed and completed another W formation. We can see bearish divergence which can provide us some correction to the downside followed with continuation of upward move. As per COT GBP added major Long and few Short, slightly improving net positions, N-R have also added major Long but closed few Short positions, improving cumulative net positions. BXY gained strength during the said period however after gaining strength it closed on a weak note last week. Institutions have been closing Long since August and increasing their portfolio of Short, about 10K Short added in last month. Hence weak GBP can be expected in long term. JPY saw addition of major Long and some Short positions improving net positions massively in comparison with last report. JXY received a pump up during the said period but but weakened a bit last week. 4H > Price has shown loss of momentum and a correction to downside can be expected that will provide us a nice Long entry. Currency Correlation > Price has positive correlation with NZDJPY, GBPUSD, GBPCHF and AUDJPY. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX