GBPJPY: LongI have set this position based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions.
Gbpjpylong
GBPJPY Technical Analysis and Trade IdeaIn this video we take a look at the GBPJPY currency pair. We can see that this is currently trading in a strong bullish market however it has traded up into a key weekly and daily resistance level. We look at the retrace and consider a possible trade opportunity at the current price level and also further down the Fibonacci range into the 61.8 and 78.6 levels. As always this is not to be construed as financial advice.
GBPJPY LONGS - STRONG BULLISH STRUCTUREWaiting for a pullback into 164.703 to long GBPJPY back up to daily resistance zone at 168.649
If you agree drop a like and if you have any questions leave a comment :)
GBPJPY Trading Plan - 16/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect GJ to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPJPY BULLISH TRADEIn gbpjpy price action shows bullish market scanario after the breakout of no trade zone to the up side go long.
GBPJPY 165.989 +0.04% DAILY CHART BREAKDOWN FOR THE WEEKHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE POUND YEN IN THE COMING WEEK.
GBP/YEN CLOSED LAST WEEK WITH AN INDECISITION TOWARD THE BULLISH FVG BELOW.
* We have some liquidity build up to be taken o the buyside torwads the OB.
*A mitigation of the below bullish FVG would be a great confirmation.
* Looking for a continuation of this move in this coming week.
- Looking for GJ to Tap into the the bullish OB looking for entries long at this point.
* If we break below and close under the OB trade is invalidated
- TARGET would be the OB & LIQUIDITY that is unmitigated ABOVE.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 long welcome
here is my gbpjpy long setup
its based on
bullish market structure on all timeframes
creating higher highs and higher lows since wednesday last week
we opened monday with break of weekly pivot and strong bearish candle close under weekly pivot which could mean some fake outs before market going to explode to upside
im thankful to see how this setup plays out
check out last weeks short on this pair, gained 77 pips on top
GBPJPY: LongI have set this position based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions.
Thank You
Buy IdeaHello traders, in today's trading session my team and I are monitoring GBPJPY for another buying opportunity above the 165.579 price level, once we get a bullish breach the pending order will be activated.
Pip Regards, DayBot6.
GbpJpy -> This Is The SetupHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy just recently perfectly retested and already rejected a quite obvious uptrendline which we had exactly at the 185.5 area.
You can also see that we are currently retesting previous resistance at the 165 area, however weekly market structure looks very bullish so I am now just waiting for a break above the zone before I then do expect more continuation towards the upside.
On the daily timeframe you can see that GbpJpy is also retesting previous daily resistance at the 165 area - I am also now just waiting for a daily break and retest before I think the next impulse towards the upside will be quite likely.
Thank you for watching and I will see you tomorrow!
GBPJPY long or shortPatience and risk management is the key .Consider these levels and enter trade after market shift
GBPJPY short term analysisI am looking for a long on GBPJPY at lower time frames and after a retracement, we can see a good drop to deeper levels minimum of around 148😊
📌DO NOT short to target I mentioned because the price can go upper easily.
wait to receive the price for the mentioned area
GBPJPY: Buyer - Win!!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
Note: Note: Full TP, SL for winning the market and safe trading!
The GBPJPY achieved some Gains.The GBPJPY pair ended its recent bullish rally by achieving some gains and reaching 166.40, followed by Diving bearishly towards 162.75, hinting its surrender to the stability of the major barrier around 166, which will hinder the attempts to resume the bullish attack in the near term and medium term period.
Also, stochastic exit from the overbought areas will force the price to provide new negative trades that might push it to settle within the bearish channel again, to suffer some losses by moving towards 161 and beyond...
BUYING SCENARIO:
For now point to consider will be 162.75 as a major support...if hold (Buying Scenario) 163.80 will be my first target (Resistance) and if broken then 167 will be confirmed.
SELLING SCENARIO:
again point to ponder will be 162.75 as support and if broke downside then 161.10 will be my target and if broken too then we'll see further nose dive
Trade Wisely.
GJ Long Plan Off a bounceTLDR plan - go long off a bounce at previous support around 161 to test previous highs of 169.3 and then perhaps a runner up if a break of pysch level 170 to test the top 172.2.
GJ continues to be ranging between 164 and 158 or lower bound 156. After the recent rejection of 166 we feel that there could be a convincing push up from a bounce of 161 following last week's low of 158.6 for a sustained move upwards.
A good RR trade is a bounce off of previous resistance 161 and a retest break of 164 will be confirmation that this has legs and will go higher to break previous tops of 169-170.
Obviously a break below 158 and the range could break downwards hence invalidate below this point however we feel the likely scenario is up trend.
Happy trading!
GBPJPY POSSIBLE LONG / DOUBLE BOTTOMLooking on the four hour chart. Pull back from resistance level could be forming a possible double bottom on a previously tested support line.
Keeping an eye on the close of the 4HR candle if it closes within the zone I will be looking to go long on GBPJPY finding an entry on a smaller time frame.
If it breaks through the support I will then look for a pullback to the support/resistance line then look for a short opportunity.
Only risk what you can afford. This is not financial advice.
Happy Trading.
GBPJPY SELLWelcome . British pound against the yen. in a very negative state. With the price reaching the strong resistance 164.500, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. There is a lot of pressure from the sellers to bring the market down. To 160,000 levels in the first stage. And level 158.000 good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click for free content. Thank yo
GBPJPY gunning for 166.76GBPJPY has failed to hold below 164.38 which failed my bearish conditions and has changed my view on the price movement.
GBPJPY has been bullish for the past 1 week and I think it is consolidating so it can move higher and at this point, I am bullish biased on this pair and would recommend everyone look out for buying opportunities at 164.00 - 163.70 region.
👉 Price is above the 200EMA which clearly means we are still bullish
👉 Price has broken multiple resistance/supply/downward trendlines over the past couple of days
👉 Price is in a 5 waves progression and I believe wave 5 is currently unfolding, which puts my first target at 166.76.
I would recommend everyone to buy the dip, and as long as 163.44 holds uptrend is not over yet.
I would love to hear your views concerning GBPJPY. Please like if you agree and follow for more updates ❕❕❕
20 Reasons for Buy GBPJPY🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️
1: ✨ Eagle Eye: Although the trend is extremely bearish, the current move is showing a lower high, which may indicate a potential shift towards a bullish trend.
2: 📆 Monthly: There is a clear bullish trend at the monthly level, with consecutive monthly lows being protected.
3: 📅 Weekly: A deep corrective move just finished last week, and this may cause a change in market behavior towards a bullish trend.
4: 🕛 Daily: The intra-day movement is currently sideways, indicating a potential shift towards a bullish trend. Since the big time frame trends are also bullish, we need to change our perspective and wait for a resistance break.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
5: 1 Price Structure: The price structure is currently sideways to bullish.
6: 2 Candlestick Pattern: The long wick bearish change of guard indicates a potential correction, which we should be prepared for.
7: 3 Volume: The volumes are currently not supporting the bullish trend, which is a little strange. Therefore, we need to be careful with buy entries.
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance is at 60, but the current momentum is sideways.
9: 5 Volatility Measure Bollinger Bands: There was a head fake from the lower band, and the current closing is also indicating a similar scenario. Therefore, we need to wait for a strong confirmation before going with the bull trend.
10: 6 Strength ADX: Compared to last week, the bulls are gaining strength.
11: 7 Sentiment ROC: Last week, the JPY rate of change dramatically decreased, making it the weakest currency for the upcoming sessions.
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish
13: Entry Move: We should wait for the correction to end.
14: Support Resistance Base: Daily and H4 areas with FVG (Fibonacci Volume Gradient).
15: FIB: We can use a 15-minute trendline breakout with a Fibonacci trigger event on H4.
☑️ Final Comments: Buy at 15-minute Confirmations
16: 💡 Decision: Buy
17: 🚀 Entry: We can enter at 161, but this is not final, and we need to confirm at the time of entry.
18: ✋ Stop Loss: 158
19: 🎯 Take Profit: 170
20: 😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: The expected duration for the price to reach the target price is around 3-4 weeks, based on the current market conditions and trends.
GBP/JPY 5th wave surfing SMALLER TIMEFRAMEYo, i'm Yakuza.
Small time frame chart. 1st R- 166., 2st R- 170. keeping my longs from 155 to 170. Bulls have time till end of aprill when New BoJ president maybe start tightening policy which is good for JPY.
