GBPJPY Chart Analysis 24th August 2022GBPJPY needs to make a breakout of the recent downtrend line to continue pushing up to 162.011
Gbpjpyprediction
GBPJPY Re-Testing Triangle BaseGBPJPY consolidating in a narrow range between 163.56 and 160.80
If break down triangle further down trend
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 Resistance Cluster! GBP-JPY is trading in a downtrend
And the price is about to retest a resistance cluster
Of the falling resistance and 162
That of a bearish flag pattern
So after the retest we will see a move down
GBPJPY ! getting good enough support long tradeHello traders 👋
Although GBPJPY has formed a double bottom pattern around 160.300 and is rising, It settled at the previous strong key level of 163.600 and showed a short-term decline.A long trading prediction is that the short-term bearish trendline will break down.
GBPJPY Weekly Chart Analysis 22nd to 28th August 2022GBPJPY has a ranging phase from 162.673 to 161.249. We're waiting for a break and close above or below the ranging phase to look for further trades in the direction of the breakout on gj as mentioned by the arrows in the chart.
Very Important Level!I've been calling this for a couple months now. GJ at a very important level on the M Chart for an OTE. ICT can tell you :) We have seen alot of consolidating at this level, soon enough we should fall.
GBPJPY Opportunity Cloud Price ActionGBPJPY pared some of its gains on the weak pound sterling. It lost nearly 150 pips against the US dollar after the Fed meeting minutes.
GNPJPY analysisif GBPJPY fails to close above the 162.7 resistance, then it's going to continue its recency short
GBPJPY edges above 21-EMA GBPJPY gained sharply above It has shown a minor decline despite upbeat UK CPI.
the pair is holding above short-term 21-EMA, 55 EMA, and long-term 200 EMA (162.13).
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 possible buy zone!!GBPJPY (4H) has formed a strong bullish engulfer with a liquidity grab from the monthly support zone. At the same time, there is an inverted head & shoulder have formed on the 4H timeframe. This market is long-term bullish and there is a high probability that GBPJPy continues to rise from this zone to continue it's long-term uptrend.
Press the like button if you enjoy this content :)
GBPJPY(1 HR)Hello, it has been quite a while! Price has hit 61.80% and on major structure that's reversal on major structure, so am expecting price to prz levels that's 50.00% to 38.80% and fill up previous candles on the left which are the big candles then move to -27.00% and -61.80%, filling the candles at the left although when price approaches in between, 23.00% & 0.00% price tends to consolidate around those areas. More so, look out for a proper break and retest before entering.
Share with me your thoughts.
Jesus loves you<3
GBPJPY ! Descending triangle pattern soon breakout GBPJPY trading in descending triangle pattern. Traders need pay attention to break this pattern. We have 2 option trade.
GBPJPY BuyThe GBPJPY market is in Bullish Divergence and also taking support on major support levels. Better to look buying opportunity on it.
GBPJPY Weekly Chart Analysis 15th to 19th August 2022The expected move from the upcoming week is explained through the arrows & marked key zones purely based on price action.
GBPJPY OUTLOOKSo far, there has been series of interesting market structures printed on GBPJPY without a clear sense of direction. however, right now by far, there seems to be a definitive possibility of price trending higher to around 165.20
GBPJPY….BUY (278 PIPS)Expecting GJ to rallied up after rejecting my rejection zone (red box) which served as an order block for my drops.
NB: a string fundamental on GBP on Friday will affect the market too
Not a financial advice tho!
is GJ forming a symmetric or an Ascending triangle?as we monitor gbpjpy we can see it forming a symmetric triangle
> for the sake of this trade/profit we will assume that it is.
most profit potential is on the 2-day chart
key point:
. Resistance:
> after the breakout, of the previous resistance 157, we see GJ made a high of 168 also failing to break this twice we can call this our roof
> after 168 we see gj failing to stay above 166 with that we can draw a counter trend line going down by two
> it is possible to see gj eventually reacting to 164 level but i believe 166 is a more interesting area
. Support:
> after getting rejected at 168 we see price bounce off levels 151 to 156.5 now it is at 161.5
> with that we can see trend line with a rate of 5
take away:
> gj is on the verge on forming a symmetric triangle
> keynote that boost my confidence with this analysis is with the sell off last week we still see gj managing to close inside this triangle
> we should see gj bounce off from 161 to 164 or possible 166
outlook:
> if we are not in this buy, we will watch gj's buy up to 164/166 on the 2/3 day
> if there is a breach of on the 2/3 day, we can assume two things: there is a breakout or there is a trend break to the larger ascending triangle
>we will classify it as a breach when price opens or closes out of the symmetric triangle
NB: IF THERE IS A BREACH OUT OF THE SYMMETRIC TRIANGLE THEN PRICE IS REACTING TO THE LARGER TREND ASCENDING TRIANGLE WITH THAT, WE SHOULD SEE PRICE RETEST 168 LEVEL.
> After that we take profit and wait for more information to determine our bias
Short GBPJPYShort GBPJPY @ 163.30
TP: 157.88
SL: Will keep an eye and most probably cut this trade above 164.60 area.
We saw a dovish hike from BOE which cause a sell off in GBPXXX currency which was all reversed on the back of the US NFP print (which doesn't really make sense). I would think this GBP rally will be short lived and I expect sterling to trade weaker in the coming weeks.
Some technical resistance at 163.30 fibbo lvl. Support comes in at 162 area ... below that there is 160.40 area and then finally our TP at 157.88.
This trade offers a great R/R ratio.
Good luck ;)
GBPJPY Weekly Chart Analysis 8th AugustThe expected move on this week is explained through the arrows & marked key zones.
GBPJPY...SHORT 162 PIPSLast Friday GP rallied up some buys into 163.00's......on the Day TF, GJ rejected by the 8Ema. Expecting some shorts into 161.80-161.62.....before a a possible buy back.
NB: 162.80-162.60 is a breakout zone!!!
