Update on GBPJPY Seems Bullish Fantastics as the Pair respected the Resistance zone at 183.799 and drop down to the 4hour trendline which is the 200EMA. after the retest the pair seems to be Bullish but this is confirm when the pair pullback to the 180 area of value and does not break through to the downside.
The pullback to that area of value will play a significant role in the Technical analysis for the pair to continue it Bullish run. We are still aware of the bear move that is ongoing and we look to see price go to mitigate the area of value around the 182.88 without pulling back to the 180 zone first then that becomes a confirmation for the bear run.
Bullish Target; 181.3, 182.5, 183.6, 184.7,186.3
Bearish Target; 180.2 179.3, 177.5, 176.02.
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Gbpjpysetup
GBPJPY Setting up for a ShortThis pair has been on my watchlist for the past few days and seeing it has broken through the most recent support level 182.015, I would love to see a retest of same level and then a rejection before I take the position.
Here was what I posted some few days back
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBP/JPY Shared Yesterday +120 Pips 0 Drawdown , New Entry Added This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/JPY Made Inverted H&S Pattern , New Chance To Sell It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Multiple Timeframe Update on GBPJPY(Sell)GBPJPY after mitigating the Monthly Liquidity at 183.799, Bull is finding it difficult to break the Resistance, The pair has been trading in range market between 183.799 and 182.231 for quiet number of days now, We are certain that the bear will take over the market very soon pushing it down to mitigate the liquidity that were left behind.
The Stoch RSI has being over sold for weeks now, The Stoch RSI is a key indictor that communicate the market direction most offen.
Bullish Target. 183.799 Done 184.6, 186.7,188.2
Bearish Target; 183.150, 182.231, 180.705, 179.767
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GBPJPY BULLISH MOVE TO 182.820Hello, I greet you in the Name of Jesus Christ, how are you all doing? This is my prediction I see price moving towards 182.812-820 mark, this analysis is based on Market structure as we have had a whole IMPULSE move then CORRECTION and now onto CONTINUATION mark. There is also a ZONE that I believe should be hit, more so this is minor structure which plays out faster than major structure, on the 15 min I see price MOVING to 182.930 mark and upwards but I love to take things step by step.
GBPYJPY TP LEVEL-182.820 SL LEVEL- 182.235 . USE RISK PROPER MANAGEMENT,
JESUS LOVES YOU
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 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.
GBP/JPY +75 Pips 0 Drawdown , Did You Enter ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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.
GBP/JPY 4 Setups With Explanation In This Video , Don`t Miss ItThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/JPY - Double Top - Bearish DivergenceGBP/JPY has formed double top, which is a bearish reversal pattern. Price is likely to break support (neckline) and start a bearish trend. Price is also showing Bearish Divergence on RSI which means there's a possibility of a bearish reversal anytime now! Will be looking to short ONLY if support is broken with stop loss above the double top!
GBPJPY Trading Plan - 16/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect GJ to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
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 ❕❕❕