GBPJPY LongLong opportunity on the theory market ranges 70% of the time. Wait for another test back down (watch out for liquidity runners!), enter LONG, and target 50% of last bearish leg.
Gbpyjpy
4-Hour Follow-Up: GBP/JPY Bullish Momentum and a Potential EntryHello traders, here's the follow-up analysis on the daily timeframe. Now, let's dive into the 4-hour chart. We're maintaining our bullish outlook on GBP/JPY, and we've identified a potential trading entry point in an area where the resistance is likely to transform into support. This suggests a retest and a potential upward surge. Keep a close eye on this promising setup.
Happy trading!
gbpjpy fakeoutfakeout om jpy. to trap buyers and liq sellers.
182.700/600 has to break. then short until 162.250. this is fibo 0.618
GBP/JPYUPDATE FROM THE LAST TRADE! Also took another entry for a 1:2 ratio, took another fib out. Looking at the candle, it gave me an amazing Kangaroo tail and if you can see the wick barely touched my GxldenZone telling me price wants to go down, strong sell momentum. Also its liquidity at the bottom so thats why i took it at that level. Didn't want to be greedy at the 1:2
GBP/JPYIn 2 positions right now, waiting for another re entry. But TP1 hit on GJ waiting for TP2. Entered off of market structure on this one. alsofollowed by supply and a I threw in my trendline for another confluence on the 15min. Price hit into my Supply Zone, once I seen it took liquidity out to the left you can see a evening star formed on my 15 min supply zone. Price failed to break my high and created a lower high indicating price couldn't go up any further. Brought my fib out for another confluence and price retested my GxldenZone. My entry was the break of the last candles low.
GBPJPY BULLISH BIASWaiting for price to break above 166.218 to look for short term longs.
For the time being i am buillsh on the gbpjpy
GBPJPY LONGS UPDATE 📉📉📉Move SL to BE on this trade as we have risk free there, JPY is melting we are going into H4 imbalance. The move is confirmed by volume profile x2 poc area 150.137
What do you think ? Comment below..
GBPJPY BUY SETUPGBPYJPY Long Setup
Buy setup is supported by:
- Price is currently at weekly support
- H4 engulfing
- Oversold on daily TF on both RSI and stochastic
Downside confirmed but will GBPJPY have a final trap?The pund yen broke down as expected this week, we are looking for more downside in the coming days. However, we need to watch our stop loss as it's an easy level to manipulate.
BEAR CASE
Price looks ready to move farther down from here, we are targeting 150.
BULL CASE
A fake out to liquidate leveraged shorts may happen by moving price to the 155 levels before the bear case is fulfilled.
GBPJPY: LONGAccording to Momentum, I expect a return on the demand level, so I am waiting for the arrival entry
DYOR
GBPJPY poised for more downsideThe pair looks like it's ready to move down again after some consolidation at this levels. The upside should be fairly capped for this pair.
BEAR CASE
We could see price test 153.5 before more downside.
BULL CASE
On the daily, the 200MA at 152 may serve as suspport for a storng rebound, if this plays out we will look for a short at much higher levels.
GBPJPY Bullish Forecast Update - Break and Restest of 155.000Dear traders,
Please see link below in the related ideas section to see our first forecast on GBPJPY. We are now looking to see if 155.000 will as according to our currency strength meter the GBP is stronger than the JPY, meaning buys are favorable in the mid term.
Thank you. Like and Subscribe.
GBPJPY shorti went short at 153 area and im goin got be holding into next week for a swing trade to hopefully see a large bearish move all next week after a clean rejection of the 153 area
GBPJPYI think it. So what is your expectations in comment below.
So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan
Stay With me
Stay With trading
Stay With idea
Stay on trend
GBPJPY BuyThis zone/support is obviously holding the Price from going down and I believe that the price may break to the upside.
The past 4H and 1H formations/candles are typically looking bullish for me.
If price breaks this strong resistance Tp2 may be higher around the 143.00s .
comment what you think.
GBP/JPY shortHi traders,
as we see here GBP/JPY is going to drop.
No more hints, take your own trades.
SemftTrading
Opinion : GBPJPY : 1h : Technical Analysis : BUYOpinion : GBPJPY : 1h : Technical Analysis : BUY (Daily is Bullish)
R:R 1:3
