GJ buysPrice broke below major support retested it as resistance. Wait for price to break back into upper range and close there, confirming a fake out to the downside, enter a buy at break of 30m highs for continuation up.
Gjlong
GBP/JPY 1HR ACCUMULATIONI have charted up what I see on GBP/JPY. It looks to me like the previous high of this range was a 4HR institutional manipulation. This could have caused the large fall recently. I believe now that the pair is accumulating and institutions are beginning to take profits from their short positions and are allowing the price to return to the long range target of 153.171
We will see what happens but that is my prediction for the coming week for this pair. Just need to find an LPS point for a good entry to ride it up.
GBPJPY LONG - SWING STRONG UPTREND ON 1D TF.
EXPECTING PRICE TO RESTEST SUPPORT AREA FOR THE BUY CONTINUATION
FIB LEVEL LINE UP - CLOSE TO SWEET SPOT LEVEL AT 61.8%
GBPJPY - LONGAfter a pullback on GJ ill be looking for a LONG position to take out these levels in the market.
🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
Gj broke resistance now looking for buys to 155.In this analysis I saw that Gj came up and broke the level of resistance which is a good indication that we are going to create new highs and I have provided a target of 155 because that is a large psychological level ( a nice round number) also if you scroll back on the chart we can see it has clean range to that price which is a very nice indication that buys will go very smoothly.
GJ analysis in a few weeks, we will reach the major resistance, by breaking it the new path for a long target will be available.
be touching EMA 200 a good and strong floor was made and if the major resistance rejects the price down that floor is the most strong support after EMA 200.
Bullish GBPJPY Our Forex Heat Map shows weak JPY & To Buy GBPGBPJPY Has been a great pair for is to trade on the LONG side over the past few months.
Our CURRENCY HEAT MAP has kept us from selling any GBP.
JPY has consistently given us a SELL BIAS and so pairing up these two majors good opportunities have been given every WEEK to BUY GBPJPY
Check our previous ANALYSIS on this MAJOR & see how we did for yourself.
We still see No Good Reason to be SELLING GBP/JOY & so continue to BUY THE DIP.
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GJ// About to Land? 🛬GJ is currently still on an impressive impulse, which has extended a full cycle.
I have two trend lines along with the last area of resistance marked on my chart, however if price does decide to depreciate it can do so and find support on any of the previous Fib levels.
There will be some big news this week for the GBP so we may even see the start of a small range between the Fib levels until a catalyst comes.
Ideally, I will be trying out some Quarters Theory and looking for longs around 145.00 and 145.250.
Let me know your thoughts!
GJ Longs I had previously Marked up GJ to go straight up however price consolidated a bit and turned into a now continuation flag. I almost got stopped out due to some wick action however we got that WAS (Wet Ass Stops) DWL. Lets see how it will play out
GJ Long (Adjusted from last post)(forgot to save before publishing the last GBPJPY Long idea). Still, the same two positions, but adjusted. Both SMAs and EMA are underneath the candlesticks, therefore looking to do a Day Trade on GJ.
GJ Long IdeaGBPJPY long strategy. This looks to be a day-trade opportunity so there are two positions, one for now and the other for later.
GJ TO 140.25 AFTER MINOR PULLBACK...[b ]Whats Up Traders!
I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting on the retracement and what comes after. I predict an overall A to B rise to the -27% Fib Level. We could have strong resistance while we're still in the 138 price range. So, I'm going to wait until I see a solid bounce from around 138.25 if it does decide to crumble a little.
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Thank You!
-Mr.Pipzz
GBPJPY LONGGJ has broke and retested resistance at 139.430 region, which aligns perfectly with the 50.00% fib retracement level.
Price has been showing strong rejections at this support level so I am anticipating a continuation to the upside.
Currently awaiting market open & a small retracement before entering, for a better Risk-Reward.
Targeting - High at 140.400
Analysis GJ Daily Hello traders, GJ did a retest on the trendline and currently trying to push and taking liquidity. Be sure to look for patterns and basic market structure. Thanks for reading!
GBPJPYhere is my take on GJ price formed a triangle though it can break either way, but personally i am to the upside
Bullish Bias In Effect!GBPJPY has been longing for a rise & break over Key Weekly Level 140.30 & 142.70. A rise towards those levels are supported by a few confluences.
Firstly, we've been in a Daily uptrend since the start of November. (Green Channel/White Median/Left)
I've identified a possible Cup & Handle Formation from the 4HR, I'm currently waiting for a closure completion over the handle of the cup. (Yellow Cup)
Alongside the cup & handle is a test of an intraday zone. Price has wicked out from the upside, which means that price may fall gain before a big rise.
Definitely gotta protect the bag, so I don't plan on entering until I have a solid confirmation.
I can foresee a pull back towards psych level 139.25. If price manages to fall into that level, be prepared for a bounce that could support a reversal.
If price doesn't pullback, expect a solid entry confirmation from close above intraday zone. (Rectangle Box/Top)
My overall target is 142.70, with minor tp levels at 140.30, 140.60, and 141.75. It's unlikely that GJ will meet the overall target this week, but a drive towards those minor levels are highly probable.
Comment your bias of GJ below...
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GJ continuation up 68% fibonacci, support level, up trend, touched ema 200, (risk only for this trade 1 or 2%)
GBP/JPY WILL FILL THIS WICK MONDAY/TUESDAY JUST WATCHRetail traders we're trapped when price broke out of the channel/resistance area.
Wait for the break and retest of the H4 resistance before looking for buying opportunities.
Expect price to at least fill that wick, id suggest take 80% profits at that level and leave the rest of your position as a runner, stop loss to breakeven.
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Good luck, stay blue,
Ash.
