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Gbpjpysetup

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 JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently GBPJPY LONG TERM can move up to the LEVEL 173.00. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 162.56 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. Currently the MARKET is RISK ON. Therefore, XXXJPY should be BUY. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
1
GBPJPY Possible Long swing/Short swingat the moment i am waiting for a entry to long gbpjpy to 169.288 (.236 lvl) and that will be my first tp my entry i would need the hourly to close above 168.113 then i think it can run back up to 169.288 if a 15 - 30 min candle does not close above then i will short but reall i want it to break over and run all the way up to 169.895 - 170.037 as my short entry the rest for that is its my 10% zone (rejection zone) and it'll form a head and shoulders so its the safest entry and the r/r is alot better and my tp will be 168.113 short Long entry : Hourly close and stays above 168.113 TP 1: 169.288 TP2 : 169.895 - 170.037 Short entry: Entry 1: 169.288 TP 1: 168.113 Tp 2: 163.390 (swing) Entry 2 : 170.037 - 169.895 TP 1: 169.288 TP 2: 168.113 TP 3: 163.390 (swing)
Long
by Juicyho
1
GBPJPY 19/10/2022Price has a recent support zone at 168.400 & resistance zone at 169.337. And also price made a breakout of the HTF uptrendline as well signaling a possible retracement move in a newly formed downtrendline. Now if price closes below the support, then we can expect price to continue pushing down to the next key level at 167.810 or all the way to 167.047. However if price respects the support & breaks out of the resistance, then it might continue pushing up to retest the HTF resistance level at 170.119.
by mightybullcapital
2
GBPJPY CONTINUATION. (4HR)Hello , currently we are on a huge bullish trend on the 4hr, price already pulled back to a price reversal area the 23.86% and by passed the 0.00% and on its way to -27.86% but before that a proper break and retest should happen to confirm the bullish move and more so hitting -61.80% as final tp. then hopefully seeing a reversal to the down side as there is a lot of imbalanced price. Same analysis goes for minor structure within that structure. Yesterday TP hit and went onto the second tp -61.80% analysis is below Happy trading, loads of blessings. JESUS CHRIST LOVES YOU<3
Long
by louisemwesigwa
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, GBPJPY did not move in a DOWN SIDE WAVE. The reason for that was because of a FUNDAMENTALLY JPY WEAKNESS. XXXJPY has been BUYing very fast since last week. - JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. So GJ can still be BUY. - Currently, GBPJPY can move up to the LEVEL of 169.892. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 161.097 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT.
by benny_marshall
1