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Gbpjpyprediction

GBPJPY - Dipping for good risk/reward?GBPJPY Intraday - We look to Buy at 161.85 (stop at 160.75) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips. Our profit targets will be 165.00 and 168.40 Resistance: 164.30 / 168.40 / 175.00 Support: 159.70 / 155.10 / 151.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
GBPJPY (1W)Hello, for this week I want to see the market open with a small bullish momentum, although it’s at a critical area, next to weekly foundation level and near a trendline and zone. So am expecting a retest if the trend line before pushing further to the upside, more so its near the 61.80% fib level which is for reversal but if it passes that level and doesn’t reject it, look for it carry to -61.80% thus this is a very critical area, lastly I have spotted some form of divergence, although divergence on larger timeframes tend to take sometime to form. So it’s best to wait for proper break retest of the minor up trend line, as proper confluences should be used before entering the trade. Jesus loves you.
by louisemwesigwa
GBPJPY : Shorting the GBPJPY with a plan 13.5Simple, practical, professional. This is a very technical movement which is reviewed. It's based on the Head & Shoulder bearish candlestick pattern. When a Head & Shoulder pattern breaks, it aims for a movement down the size of the movement up between the neck-line to the head. In this case, the distance between the head to the neck-line is 900 pip , from 160 to 169. So the break back below 160 is now projecting a movement of roughly 900 pip lower to around 150. This makes a lot of sense as this area is a horizontal support zone stretching all the way back to beginning of 2021. Target may be achieved in the mid term of days to a couple of weeks. Within the down-trend a retest of the neck-line may take place back to 160. A break back above 160 with a candle close may show for a false break down. 158.20 is also an important horizontal resistance, a break above may confirm movement back to neck-line at 160. Trade safe! -------------------------------------------------------------------------------------------------------------------------------------------------- If you found my idea useful, please like and follow! It would mean a lot to me. Thank you so much for reading - I encourage you to do your own research and consider all info provided to be for educational purposes and not financial advice ---------------------------------------------------------------------------------------------------------------------------------------------------
Short
by Exactus
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