Gbpjpyoutlook
Trading Pathways Analysis of GBPJPY H4 Chart
The outlined white arrow pathway is the predicted pathway that the GBPJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPJPY will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
FOLLOW ME: GBP/JPY SHORT OpportunityGBP/JPY is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1HLIGHT BLUE - 15M
PURPLE - 5M
Feel free to leave your thoughts in the comments below!
Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up!
After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
GBPJPY Setup: Buy Or Sell Are Both Equally PossibleHi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support.
I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP so please be careful as it will give an impact to GBPJPY.
TAYOR and all the best traders!
KHALID HAMID
GBPJPY SHORT like my last Post 1 HR Chart#GBPJPY #USDJPY #EURJPY
Hello to all watching my charts
This pair is still sooo short ; exact like my last post from
a fey days ago ,as the short brake has startet.
I will show you here that really all ! timeframes are short
which is little bit rare.
My longtime channel (BLUE LINES , as you know...)
short since 26.7.
My middletime channel (RED LINES) also short and
the pair has made a breakout low here right today
My shorttime channelsystem (Purple lines, as you know)
is the stronges short and its still not enough !!
The pair right know fall down below these channel also.
What a short party...
For the opposite:
We do need a jump above the black line ( 133.30 ca)
to have a long chance.
But that is far far away at the moment..
Good trades
If you want to support my work and my charts, please lke them..
Renkotrade
Buying GBPJPY on Dips: BIG 500 PIP Target at 149-150.We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected.
GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally.
From the chart, I would like to point out 3 things:
(To receive signals, ideas and updates, don't forget to check my signature at the bottom of this idea)
1) Price is above the 100D EMA, which clearly indicates that the BIGGER TREND is BULLISH.
2) We have a very strong support zone at 143.80-144.20.
3) Price recently broke out of the TRIANGULAR FORMATION. Now, it's retesting the triangle. Even if GJ goes back into the triangle there's plenty of support.
So, in view of the above, I believe "BUY ON DIPS" is the right strategy.
Scenario 1: Traders can go long when price touches the 100D EMA at 144.80. TPs can be set at 145.70 and 146.50 respectively. To keep risk low, use small SL at 144.45
Scenario 2: If 144.80 doesn't hold, traders can go long at the support zone at 143.80-144.20. TPs can be set at 144.20, 145.50 and 147 respectively. SL should be placed below 143.50
If you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback as well.
GBPJPYI am expecting GBPJPY to continue its bullish move with potential of reaching 145.58- 145.96 before pulling back to 143.21 -142.81 And from there I am expecting it to drive back up to 149.89 region. Please note that this is just my analysis and not a trade advice for anyone. Let see how it will play out soon.
GBPJPY SHORT IDEAON THE WEEKLY PRICE JUST BROKE OUT OF THE RISING WEDGE AND IS CURRENTLY DOING A PULL BACK FOR A BEARISH MOVEMENT TO THE 125 LEVEL.
ON THE DAILY CHART, PRICE IS IN A TEXTBOOK DESCENDING TRIANGLE
ON THE 4HR CHART, THERE IS AN INTERSECTION OF THE RESISTANCE AND A TRENDLINE AT THE 150 LEVEL, i AM HOPING PRICE WILL GET TO THAT LEVEL AND THEN TURN BACK WARDS.
I WOULD SET A SELL LIMIT ORDER AT THAT POINT.
GBP/JPY SHORT IDEAIdea for educational and study purposes. Trade at your own risk.
GBP/JPY has been in a very strong bear market over the past couple of weeks, with price reaching lows since March 2018; sentiment toward this market is very bearish. Price continues to fall well below the 50 MA. As price reaches a new low it has tested previous support. The Stop Loss is placed at the 38.2% fib level, which price has retested most recently on more than one occasion. Price broke through the last significant level of support, and is making moves toward the next level. The next major area of support is around 144,450. I anticipate price to continue it's bear trend toward this low before retracing to test the previous low. Price is also being contained in a descending channel, with lower highs and lower lows.
GBPJPY Short opportunityHi
Seildev here.
Area of interest 143.443 ~ 144.000 for short term sell (next week or two). And at 140.65~ 140.9 we'll be looking for a buy again.
- Fib at 50% @ High 10th/May/17 and Low 14th/Apr/17
- Another 50% Fib @ High 31st/May/16 and Low 7th/Oct/16
- Forming a classic ascending triangle
- Structure shows 143.75 to be a key level that acted as support and resistance in the past
Trade target 1 @ 142.53
Trade target 2 @ 141.558
Safe trading everyone
GBPJPY: Great 400 PIPS potential with a weekly outlookMy bias for this pair is short since it's in an overall downtrend at the moment and a rejection of the 61.8 fib would confirm further downside, however a break of the 144 resistance with trendline break would turn my bias bullish as illustrated on the chart.
I'll be waiting to see how it reacts to the 61.8 fib , in the bigger picture I'm expecting a rejection of the 61.8 fib which would most likely give us a huge downside of 400 PIPS!
In the nearest future the market may continue moving downwards to reach the 140.6 level and then start a new bullish correction.
I haven't added any SL levels since you are better of by creating your own depending on the R/R ratio at the time you buy.
Keep in mind that the Japanese yen related pairs tend to be very risk sensitive. This is probably one of the most risk sensitive pairs, so having the stock markets rally simultaneously is a huge help for this market which can move 100 pips in the blink of an eye.
GBPJPY: Break of Structure for BUY or SELLGreetings Traders,
We are currently in consolidation around the resistance level of 129.671. Looking for Monday if we break-below / close-below it would be a SELL opportunity down to 127.038. If we do not we will trend price action up to 133.316.
Will keep you updated on action!
Check out this outlook video for this weeks for GBPJPY: youtu.be
Happy Trading!
GBPJPY - FOREX MARKET ANALYSIS AND TRADING TIPS 29TH MARCH 2016SUMMARY:
The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
GBP/JPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
www.tradingsignalreviews.com