GBPJPYAnalyse on GBPJPY
We have been on an uptrend since August.
The price has been in consolidation since 15/8/24, we must break the consolidation to start moving correctly again.
GBPJPY.P trade ideas
Bullish on GBPJPYLooking for price to trade to the discount price. Wait for candle stick entry to take to the buy side liquidity.
GJ upside continuationGJ Plan - This pair have potential to go to 192.02 to make a triple bottom or even to make a new high on 192.20 liquidity area.
Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell.
Learning from others is important, but copying them won't make you a professional.
Developing your own strategy and critical analysis skills is crucial for long-term success.
Always trust your judgment and focus on continuous learning to improve your skills.
Your trading is your responsibility. Choose a good risk management.
GBP/JPY Possible Correction Up#trading_idea #GBPJPY 💡
#GBPJPY - Possible Correction Upwards
On the hourly chart, we can see the price testing the key level of 189.333. There is a candlestick formation indicating a possible correction upward. The MACD suggests potential growth, even though the pair is trading below the MA(100).
Possible scenarios:
🔼If the prise break through 189.933 resistance we may see the rise towards 190.957.
🔽Otherwise, a slide towards 189.518 and lower support zone is possible.
😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back.
➡️GET $20,000 JUST FOR $99
GBPJPY POTENTIAL REVERSAL?Hello it seems GBPJPY is going to reverse lower if price breaks the the first grey zone thats our invalidation point if price respects it it will go downwards to targets
Break or Bounce On The Dollar As Interest Rate Cut Looms?With the Fed poised to cut rates at September's meeting, the dollar hovers at the key 100 key monthly level which, on a normal occasion, would serve as a clear support but after such a long awaited rate cut, which would devalue the dollar even further, one cannot be so sure.
Technically, there are no real indicators of price shifting structure to the upside as yet but with price in a Daily bullish order block, monitoring its development over the course of this week will be key.
EurUsd & UsdZar are not in ideal trading conditions and so will not be on my radar this week unless price action develops further. GbpJpy however continues to trade higher from a Weekly order block and is currently encountering resistance from a 4H order block which may result in a slight correction before we continue higher into Daily equilibrium.
GBPJPY BUY NOW!!!!!GBPJPY just took out the sell side liquidity and made a retest and now heading to create a new low am in on a sell till we run all liquidity to the sell side...........
TELL US YOUR TAKE ON THIS.......
GBPJPY SHORTGBPUSD has touched a resistance level 4 times and it has not formed any FIB structure
but it will make U turns on the previously known targets OR Turns, till 186.730
Check the trend It is expected that the price fluctuates between two resistance and support ranges, and then according to the behavior of the price, it is expected to continue the upward trend.
GBPJPY trade idea (sell- CCI AND EMA set up)
GBPJPY showed a minor weakness after forming a double top around 192. It hit a low of 189.61 and is currently trading around 189.99.
The Japanese yen gained momentum on Friday due to policy divergence between the Fed and BOJ.
Technicals-
The pair trades below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 192, a breach above targets 193.55/195. The immediate support is at 189.60, any violation below will drag the pair to 188.40/188.
Indicator (hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish. All indicators confirm the bearish trend. So good to go short for 100 pips profit.
It is good to sell on rallies around 190.1-20 with SL around 190.76 for a TP of 188.40/188.
GBPJPY ANALYSISThe market in general is bullish based on Monthly and Weekly. We are currently seeing a retracement which could drive price back to 168 - 165 price range. from this range I'll be anticipating a buy to go long
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPJPY TRADE SETUP✅Pair Name: GBPJPY
✔ Classic RANGING formation
GBPJPY is holding CONSOLIDATION ZONE . GBPJPY is now in the range, so we have to wait for the market to retrace in the direction of the break.so after market retracement I can take buy ORr Sell entry. If your analysis matches it take a trade otherwise skip the trade.
"💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"
GBPJPY Potential UpsideHey Traders, in tomorrow's trading session we are monitoring GBPJPY for a buying opportunity around 189.700 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 189.700 support and resistance area.
Trade safe, Joe.
Sell GBPJPYI love this trade, I think you'll love it too it is such a nice trade
This trade is based on the continuation.
I like this trades so much that I will even add 2 positions and I will enter as soon as the market opens.
An Opportunity To Go Long on GBPJPYWe have seen create a Bullish Order Block prior to trading away from that particular Order Block and then creating a Swing High. After creating the Swing High, Price(The Market) then dropped to the earlier mentioned Bullish Order Block and mitigated it. After the Market mitigated the Bullish Order Block it started to trader away from it instantly and is currently headed towards the earlier mentioned Swing High.
The Take Profit is 208.183
GBPJPYCurrently on GBPJPY on the weekly timeframe price has recently taken out the previous weekly high and closed below it, and on the daily timeframe price also took out the previous candle range high and closed below it also indicating a strong resistance level that will help to distribute price to the downside, to take out the PREVIOUS WEEKLY LOW.
