GBPJPY Sell opportunity gbpjpy made a double top and broke the last low
both scenarios are possible
look for only and apply your own money management
patience and discipline always pays
Gbpjpyprediction
GBPJPY and EURJPY top-down analysis Hello 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 - Short active ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here I expect bearish price action as we could see that price filled the imbalance and rejected from bearish order block + institutional big figure 168.000. There are 2 imbalances lower which I am targeting.
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GBPJPY- REVERSAL SELLING ZONE. Hey Traders, hope you are doing alright, we have great selling opportunity, where we can target a major selling reversal zone.
Keep supporting and following so we can publish more ideas
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 172.50. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 164.05 SUPPORT LEVEL to the RESISTANCE LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
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 (30) BULLISHHello, currently price is next to major zone. So am waiting for price to break above and carry it towards the 166.900 mark, also there is a break and retest of a Trendline signifying BUY signal but until then wait for a break and retest of that zone before entering. Remember trading is more about patience
Wait for all confluences to align
JESUS LOVES YOU
GBP/JPY about to reach Resistance level, should you sell?After hitting the dynamic support level last week, GBP/JPY has rallied quite strongly. Price is currently
just below the resistance level and looking at the momentum, it seems GBP/JPY has a high probability to
reach the resistance level that I have highlighted in my chart.
Traders should adopt a "wait and watch" approach for now and see the price action at the resistance level.
If we see some bearish price action with rejection candles at the 166.40 level, traders can consider selling.
Probable Trade Signal
Sell GBPJPY@166.40
Stop Loss(SL): 167
Take Profit(TP): 163.51
The above signal will be valid only if bearish price action forms at the mentioned resistance level
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 below 163.77Last Month's Open and Close is around 163.73 - 163.77 region and from what we can see so far, price broke and has stayed below it.
Reasons I am staying Bearish ATM
1. As long as price doesn't close above 163.77, I believe our bearish momentum continues
2. We had a change of character when price broke through 163.00
3. I am expecting a pull back to 163.77 before a break of structure at 162.77
4, I believe we are in a 5 wave movement downwards to 161.39 - 160.85, where we have an order flow.
5. Price is still below the 50 EMA and 200 EMA
The orange zone marks my entry and where the last order block is situated which also coincides with our last month's close/open, whereas my target is 160 region. Any price movement above 163.90 invalidates my analysis.
There's a buying opportunity between 163.00 - 163.80, although we are bearish, we can also scalp the longs.
I would love to hear your thoughts 🤔, feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently, GBPJPY LONG TERM can move up to the LEVEL of 171.000. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 161.60 SUPPORT LEVEL to the RESISTANCE LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
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!
GBPJPY- A MASSIVE SELL OPPORTUNITY Dear Traders, hope all of you are doing great, we have 900= pips selling opportunity on GBPJPY, currently we had change of the character and price is bearish since last two days.
There are two areas that we are targeting at the moment labelled as 'selling zone 1' and 'selling zone 2'. Remember if you are entering, enter with stop loss not more than 40+ pips which applies to both entries.
Good Luck and Please do like and comment! :)
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.
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 Next Possible MovePair : GBPJPY ( British Pound / Japanese Yen )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout the Lower Trend Line and Completed the Retracement
Impulse Correction Impulse
Divergence
Rejection from Fibonacci Level - 78.60%
Break of Structure
Completed " 1234 " Impulsive Wave
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 ❕❕❕
GBPJPY: Bears enter!According to the Bank of Japan's Tankan survey for the first quarter, inflation expectations have increased slightly. Additionally, the Jibun Bank of Japan's manufacturing Purchasing Managers' Index (PMI) has risen from 48.6 to 49.2.
At the beginning of the week, cautious markets responded to recent news regarding oil production cuts and the subsequent rise in oil prices. Saudi Arabia, along with other OPEC+ oil producers, has announced additional cuts to oil production, totalling approximately 1.16 million barrels per day. The energy ministry of Saudi Arabia stated that these cuts were made as a precautionary measure to maintain stability in the oil market. As a result, the price of WTI crude oil experienced a notable increase, opening the week with a significant gap and reaching a record high of $81.51 during the first few hours of the Asian session on Monday.
Anticipate a further decline in the price.
GBPJPY | Bearish ABCD PatternAs the price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here.The price is now making LH and LL .
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.
