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Gbpjpysignal

GBPJPY Weekly Analysis 14/11/2022 to 18/11/2022The price seemingly making another swing low in between the HTF uptrend channel while facing strong support at 163.182 & HTF resistance at 166.256. now if price is to continue pushing down it shouldn't breakout of the HTF resistance. so if price breaks the support while respecting the resistance, then price might continue to push down to the next support zone at 160.946 or 159.749 and also make a retest on the HTF uptrend channel with a deep retracement move. However if price closes above the resistance, then short opportunity on HTF would be invalid.
Short
by mightybullcapital
3
GBPJPY Weekly Analysis 7/11/2022 to 11/11/2022Price while moving in a HTF uptrend channel, facing Major support at 165.119 & resistance at 167.834. Now if price closes below the support then it might continue coming down to make a deeper reversal towards the next key levels at 163.210 or 161.041. Similarly if price closes above the resistance, then it might continue pushing up to retest the previous high at 171.411 or create higher high continuing the HTF uptrend channel move.
by mightybullcapital
GBPJPY 4/11/2022Price after a retest on a HTF major support zone at 165.058, its currently showing signs of facing support as it formed a double bottoms pattern there followed by some price rejection/bullish momentum while its also facing resistance at 166.257. now if price on a 30m TF closes above the resistance, then we can expect gj to go for some reversal all the way towards the next HTF key level at 167.685. And if price closes below the support then gj might continue its bearish run towards the next key level at 164.258.
by mightybullcapital
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY UP SIDE WAVE was moving very well in the previous days. The reason for that was, FUNDAMENTALLY JPY WRAK, GBP STRONG and BOE made an INTERVENTION. And because the MARKET SENTIMENT is STRONG. XXXJPY has been BUYing 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. So GJ can still be BUY. - Currently GBPJPY LONG TERM can move up to the LEVEL 179.579. Also, according to the GBPJPY STRUCTURE, it can move down to the 159.065 LEVEL to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. But the MARKET should be RISK OFF again if XXXJPY SELL. Therefore, pay attention to the CURRENT MARKET SENTIMENT. gbpjpy
by benny_marshall
1
GBPJPY 26/10/2022Price while moving in an uptrend, after a retest on a higher TF resistance level at 170.003 started to form a build up phase, than it broke out of the build up phase to create a new higher high at 170.574. now price forming a ranging structure while facing resistance at the new high & recent support at 169.954. So if price respects the recent support & breaks out of the new high with further bullish momentum, then we can expect price to continue pushing up in respect to the uptrend creating higher high to all the way retest the next HTF resistance at 171.711. *A break & close below the support at 169.362 would invalidate the long trade opportunity on GJ.
Long
by mightybullcapital
GBPJPY 25/10/2022Price currently ranging in between 169.835 as resistance & 167.188 as support while also moving in respect to a higher TF uptrendline. Now if price breaks & closes above the resistance at 169.835, then we can expect price to continue pushing up creating higher high while moving in respect to the uptrendline. However, if price closes below the support, then we can expect price to continue pushing down to retest the next support at 165.009 by breaking the uptrendline.
by mightybullcapital
GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
3
GBPJPY 21/10/2022So we are still ranging in between 169.313 as resistance & 167.574 as support. Also we have a shorter TF resistance level formed in between the ranging zone at 168.667. Now if price closes below the support at 167.563 on 30m TF then we can expect price to continue pushing down to the next support level at 166.972 or all the to 165.601. Similarly if price closes above the recent resistance at 168.667, then price might continue pushing up to the next key zone on the long side at 169.324 or all the way to 170.071 as shown in the chart.
by mightybullcapital