GBPJPY is ready to go shortAfter a clear break of the support, we have a new target. The GBPJPY is therefore about to reach the 161.628 level.
Gbpjpytrade
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 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 Long Trade IdeaFor this setup, I'm seeing a potential buy swing respecting 160.780 support level.
This a reversal type-trade setup, so it's a bit risky considering the recent H downtrend.
We'll have to see how next week opens though, as price could push a little further down.
GJ LONGmonthly/weekly and daily are bullish
GJ has done retracing and now it's continuing with its bullish trend
on the 4h price is making new bullish swings
so far it broke two strong s/r zones with high momentum candles
broke above the ema's so right now I am only waiting for my entry on the 1h
GJ shortMonthly; bullish trend
Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation
On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing.
On the 4h; there is a spinning top candle followed with a bearish engulfing
My confluences for a trade;
4h
Breaking previous HL
Below emas
A heavy bearish momentum breaking the S/R zone
The monthly/weekly long wick candles indicating loss of bullish momentum and a high probability of price reversing.
GBPJPY Downtrend Continues! GBP-JPY is trading in a falling channel
And as the pair is in the downtrend
I think that after the pair retests
The falling resistance and
horizontal resistance at 163.656
The move down will continue
GJ at an important level!I've been watching this level for some time now. We've been consolidating for some time now but I feel like this coming week is the week for the downtrend to start. We should get price flowing downwards now targeting the relative equal lows. Feel free to follow me and reach out!
GBPJPY Local Short!GBP-JPY is going up now
But the pair has hit a horizontal resistance
Level at 165.837 and despite the fact that I am bullish biased
We all see that the pair is overbought locally
Thus a correction from the level is a likely scenario
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 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 forecast and ideaPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
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Great British Pound vs Japanese Yen GBPJPY
GBPJPY Wait For Breakout! GBP-JPY is trading in a downtrend
In a narrowing bearish pennant pattern
So IF we see a bearish breakout
Then we will be able to go short
With the confirmation
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 SIMPLE SCALP SELLHi Team
This one is straightforward chart analysis.
We are expecting JPY strength.
We may well see GBP weakness in news events on Wednesday.
We are reaching the contraction of a bearish wedge/triangle on the 4H timeframe. We have now seen structure rejection.
Look for follow through and catch this simple sell! Clear invalidation above local resistance.
Good luck, Trade safe
DrBear
GBPJPY Resistance Cluster! GBP-JPY is trading in a downtrend
And the price is about to retest a resistance cluster
Of the falling resistance and 162
That of a bearish flag pattern
So after the retest we will see a move down
GBPJPY SHORT CHART ANALYSIS POSTED ON SUNDAY 21 AUGUST 2022GBPJPY CHART ANALYSIS POSTED!!!
Let's see how this pair will perform based on the analysis, I see short.
Make sure you do your research and based on your confluence please look for the entry.
GNPJPY analysisif GBPJPY fails to close above the 162.7 resistance, then it's going to continue its recency short
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.
GBPJPY possible buy zone!!GBPJPY (4H) has formed a strong bullish engulfer with a liquidity grab from the monthly support zone. At the same time, there is an inverted head & shoulder have formed on the 4H timeframe. This market is long-term bullish and there is a high probability that GBPJPy continues to rise from this zone to continue it's long-term uptrend.
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Short GBPJPYShort GBPJPY @ 163.30
TP: 157.88
SL: Will keep an eye and most probably cut this trade above 164.60 area.
We saw a dovish hike from BOE which cause a sell off in GBPXXX currency which was all reversed on the back of the US NFP print (which doesn't really make sense). I would think this GBP rally will be short lived and I expect sterling to trade weaker in the coming weeks.
Some technical resistance at 163.30 fibbo lvl. Support comes in at 162 area ... below that there is 160.40 area and then finally our TP at 157.88.
This trade offers a great R/R ratio.
Good luck ;)
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.
GBPJPY Long: Price Bonus Back from Support & 3 White SoldiersTrend: Bearish
Candles: Three White Soldiers.
Support & Resistance: Price moves up after testing the support.
Fibbonaci Retracment: Tp is set to 0.5 fib levels.
