Gbpjpyprediction
GBPJPY 01/09/2022GJ is moving in respect with the downtrendline while facing recent resistance at 161.971 & major support at 161.042.
Now if gj makes a breakout of the support & previous low at 160.827 then it might push all the way down to retest the major key zone at 159.998 by forming another recent downtrendline.
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.
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Will GBP/JPY rally to the upside again?For the last few days, GBP/JPY is consolidating in a small range in the minor support
area that I have highlighted in my chart.
This area is also important because the 100-day EMA lies just above it.
If we can see a strong bullish impulse now, there is a good chance that GBP/JPY will rally
to the upside again with 163,165 and 168 being the immediate targets.
That being said, the bulls need to watch out for the minor support level and trade carefully
because if it breaks, then GBP/JPY will decline very fast.
To keep the risk low, I will buy as close to the support level as possible.
GBPJPY 240 MINS CHARTThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
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 ! 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 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.
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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.
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