GBPJPY 16/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098.
Gbpjpysignal
GBPJPY 16/09/2022As we can see the price just made a breakout of a head & shoulder pattern's neckline & came all the way down to retest the next support zone. now if continues to respect the neckline at 164.707 as its resistance & break & closes below the recent low at 163.922 on 30 mn tf then price might continue to push down to the next support at 163.417.
And if price respects the recent low as its support & makes a breakout of the downtrend its moving in respect to, then it could continue to push up to the neckline at 164.707 or all the way up to 165.928.
GBPJPY 15/09/2022Price retesting a recent support at 164.867 while strong resistance at 165.948. Now if price respects the resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615 as a retracement.
However if price respects the recent support & breaks & closes above the resistance then it could continue to push up creating a new uptrend.
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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GBPJPY 14/09/2022Price retesting a recent support at 164.867 while having a possible resistance at 165.513 moving in respect to a recent downtrendline in 30 min tf. Now if price respects the possible resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615.
However if price breaks out of the possible resistance breaking the downtrend, then it could push all the way to to previous resistance at 165.963.
GBPJPY 13/09/2022Price currently ranging in between a small structure after a breakout of the major resistance at 166.317. now if price makes a breakout of its recent high in that structure then it could continue to push up to the next HTF resistance at 167.928.
And if price makes a breakout of the support in that structure at 166.317 then it can continue to come down as a retracement to retest 165.584.
GBPJPY and GBPUSD analysis todayHello 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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GBPJPY 12/09/2022While the price is retesting a major resistance zone at 166.306 it also found a recent support at 164.981 & major support at 164.168. Now if price continues to respect the recent support zone and makes a break & close above the major resistance zone then it could continue to push all the way up to the next major resistance zone on HTF at 167.923.
GBPJPY is in buy zone!!GBPJPY
4H : has opened with a gbp and on the first session, it has formed a strong bullish engulfer.
Daily: Resistance is broken and retested a couple of times.
Weekly: A bullish engulfer formed the previous week and this week opened with a gap.
Trend: Long-term trend is up
A possible buy trade is highly probable
GBPJPY 09/09/2022Price made a retest to the support at 164.240 after a breakout of the previous support. now price if continue with furthur bearish move & closes below the support at 164.240 then price could continue pushing down to retest the next support at 163.667.
However if price faces strong support at 164.240 then it could continue pushing all the way up to retest the previous support at 165.127 as its new resistance.
GBPJPY 08/09/2022GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129.
However if price respects the recent support and makes a break & closes abpve the high at 165.129 then gj countinue pushing up creating new higher high.
GBPJPY 07/09/2022 (updated)So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 165.963 on htf pov. now price if respects the support at 164.979 & closes above the resistance with further bullish move then it could continue moving up creating higher high while moving in respect to the uptrendline.
And if makes a breakout of that support at 165.069 then it could go for some retracemnts coming all the way down to retest the next support at 164.174.
GBPJPY 07/09/2022So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 166.319. now price if respects the support at 164.979 & continues with further bullish move then it could come up to make a retest at the major resistance while moving in respect to the uptrendline.
And if makes a breakout of that support at 165.069 then it could come all the way down to retest the next support at 164.174.
DeGRAM | GBPJPY bearish opportunityGBPJPY is approaching a major resistance zone, which is psychological level as well. Look left.
Price action is consolidating on the Daily timeframe.
Rejection candles are going to be the best signal to take a trade.
We expect some pullback from the psychological level.
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GBPJPY Multiple timeframe 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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GBPJPY 06/09/2022Price already moved about +260 pips long for the day and is retesting a major resistance at 164.656. now price could go for some small retracements to retest 163.494 or 162.672.
And if price breaks & closes above the resistance at 164.656, then it can push up all the way to next resistance at 166.180.
GBPJPY Multiple timeframe 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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GBPJPY 05/09/2022Price has a key resistance at 161.527 & a new low at 160.655. Now price if price makes a breakout of recent low then price might continue to push down to major support zone at 159.998 on a higher timframe.
However we see about 66 pips rejection from the recent low on gj so a breakout of the resistance could happen if 4hr candle close with a bullish engulfing candle & if it does break the resistance at 161.527 then gj could be going bullish to retest 162.032 zone.