GBPJPY SetupI'm eyeing GJ to make a higher swing to 156.0 followed by a drop all the way to 151.500 , should we manage to have multiple candles closed below 156.0 we could expect the bears to make way for downside movements.
Poundyen
GBPJPY 4hr Analysis, Week 4 2022Daily Market structure is Bearish
4hr Market structure is Bearish,
Weekly momentum has spilled over from
last week. Fear continues to plague the Stock Indexes
No reason to be a hero and call a bottom in the market
Probably smart to relax and continue trading with the trend
GJ Shorts GBP/JPY looks like its in for a ride on the trend line break. Followed by this we have retraced 61.8% into 156.700. With this in mind and a combination of market structure forming lower highs and lower lows I do expect multiple rejections on 156.7 forming a lower high bringing in an opportunity for shorts into 154.5. in order for this to be valid, as mentioned we need candles to remain below 156.7 and a strong bearish candlestick closure on the 4HR tf.
Looking for longs on GBPJPY This is my own analysis
it's not a financial advice
Looking at the yen index is pretty much still weak
british pound is still at an acceptable strength
i believe we are still in the bullish structure looking for more to the upside
SHORT on GBPJPY Pound Yen pair - Bearish Divergence !Description as shown in the charts.
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Feel free to leave your thoughts and comments below ~
GBPJPY Long scenarioWhat we can see is the market has moved to the upside for this week and we will be looking at continuing our bullish trend. We have 2 buy zones, the higher being higher risk and based off the structure zone acting as a broken resistance. The lower zone has a true demand zone within it and a void that would be filled before the continuation to the upside. Watch over the next few hours as the Euro and London market open for the day.
GBPJPY LONGSGJ Recently Broke structure on the 4hr tf, and quite recently followed by this B.O.S we could be forming a higher Low signalling a bullish move to the upside of my target at 152.500
GBPJPY 01/11Looking to scale in on additional short positions. A possible short entry is 156.000
4H timeframe confluences:
- Bearish momentum
- Broke through support of 156.000
- Looking to short GJ on the retest of 156.000
TP: 152.500
GBPJPY 17/11Looking to short GJ from 154.750
4H Timeframe confluences:
- Bearish market structure (LL and LH being created)
- 154.750 = a support which was broken and not retested, therefore a short entry on retest is favourable
GBPJPY - Week Ahead - Bullish BiasPrice action broke the downtrend structure and created a higher high last week and a higher low
Put an uptrend Fib on the recent daily high and price closed @ the 618 level on Friday, if price breaks 154.24 then expecting price to continue to next resistance at 156 with uptrend structure, HH's + HL's
News this week
JPY - Bank holiday - Nov 23rd
USD - Prelim GDP - Nov 24th
USD FOMC - Nov 24th
GBP - Gov Bailey Speaks - Nov 25th
GBPJPY Week AheadGJ is on an uptrend on the weekly time frame within an ascending channel
On the daily timeframe - GJ is pulling back from highs and is trending down
3 Trades Ideas for GBPJPY
1. Bullish bias - If price rejects the previous resistance level @ 152.30 and past 153.30 (previous highs) then we would see a break of the downtrend structure and expect price to continue up
2. Bullish bias - If price continues down to the bottom of the ascending trend line and rejects then again we would see a break of structure (BOS) above 153.80 towards 155.30 (50% fib) or 156 (618% fib)
3. Bearish bias - If price breaks below 152.40 - 152.30 then we could see a continued downtrend especially if we see closures below. Then targets would be next support @ 151.35 then 149.95
News this week
UK jobs numbers on Tuesday @ 7am GMT - gains in employment will be bullish for the Pound
UK Inflation data on Wed morning 7am GMT - BoE upper limits are 3% for inflation, Forecasts are 3.9% which could further fuel bets of a rate hike which would be bullish for the Pound
GBPJPY - H4 - Bearish Reversals on JPY pairsGbpjpy - H4 - Price is making bearish swings now as the recently rally in jpy pairs comes near an end or correction. Expecting huge downside on this pair 300-400 pips target
GBPJPY 26/10Looking to short GBPJPY on retest of 157.500
4H Timeframe:
- Intraday bullish trend has been broken as pair has closed below the ascending trendline and has just created a LL.
- Looking to short GJ at 157.500 which coincides with 78.6 key fib retracement level.
- TP: Possible pullback trade to monthly key level could be seen prior to a continuation to the upside.
GBPJPY. Short Possibility (Medium Risk/ High reward)hi dear traders.
For today we can watch GBPJPY, as it is about to complete a correction, which seems to be an ABC.
price has reached to a strong PRZ and also time factors has been satisfied. we can speculate that this correction is at its end and wait for a conformation to go short.
If price manages to hit its Trigger (few ticks lower than 153.663), we can enter a short position with MEDIUM risk. It is medium since there are no reliable Low swing near PRZ to put our Trigger under it. So it is vital to manage your position size according to the risk of this trade.
I'll answer to your questions.
have a good day.
Wait for a sell signal with GBPJPYH4 time frame.
Structure: Downtrend.
The price broke the key level of the uptrend.
After breaking the Key level, the price formed a consolidation zone from 150.800 - 151.600.
If the price breaks out of this consolidation zone, it is likely that the price will recover to 152.000. Here, if there is a reversal signal, it is possible to sell early.
If the price from the current accumulation area breaks below 150.800 then wait for the continuation candlestick signal to sell.
Profit target is the zone 149.000.
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Wish you all have a good trading day!
GBPJPY TO 149?Hello everyone,
GBPJPY has been moving in a bearish direction, it retested the downtrend resistance and now we expect bears to open more short positions!
Good RRR trade, good luck everyone.
GBPJPY Support/Rejection levelIf you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
GBPJPY Long AnalysisIt's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010.
Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note. we'll be expecting a bullish push which will be forming a bearish retracement @ 151.010
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The weekly seem to be telling a different story meaning, we should be expecting a deeper retracement to 151.874.
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We'll settle on the Daily timeframe, which is the retracemet to the neckline of the Double top that was formed.
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Do your proper analysis before taking a trade.
GBP/JPY – Week 32 – Mounting pressure below the resistanceIn the last post for this pair (week 30) we successfully predicted the correction that followed. The price also rebounded from the support area as forecasted. For this week, as we look on the 4h timeframe we see a consolidation that is taking place below the resistance area marked on the chart at 153,5. This structure has a higher probability of breaking to the upside in the upcoming days. If the price breaks the resistance area and reverses sharply it is a sign of a bigger correction in this area or a total reversal (low odds).
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial adice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBPJPY - Consolidation at Key LevelI was unlucky with my last prediction on this pair, however I am still expecting a break lower on GBPJPY.
As we can see from the chart it is consolidating just below the 4 hour descending TL, around the 135 psychological level. Although we are currently moving in a sideways market my bias is to the downside.
I'm hoping that with some GBP weakness this week we should see a drop lower. The set up illustrated offers a nice 1:3 R:R ratio with stops placed above the key level.
LONG GBPJPYGBPJPY broke its resistance curve line and now retouch the line. Good daily and weekly candlestick pattern and ascending scallop says time to long this pair.
