GBPJPYWhere price goes, We follow... Is it not as simple and as easy at that?
GBPJPY LONG FORECAST Q2 W21 Y25
British Pound / Japanese Yen forum
GBPJPYWhere price goes, We follow... Is it not as simple and as easy at that?
GBPJPY LONG FORECAST Q2 W21 Y25
GBPJPY is currently sitting at the top of a channel, which could lead to a potential move downward. However, it’s also at a key support and resistance (SnR) level that could trigger buying pressure. Whichever side takes control here will likely determine the next major move.
GBPJPY IT DEPENDS WHAT HAPPENS 1ST! GBPJPY SHORT FORECAST Q2 W21 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPJPY that last min 30pips drop on GJ before market close haha
GBPJPY buy now just broke out 1 hr triangle and retest
GBPJPY if today cannot above 194 mean next week Monday may be fall again to 192.1x as major support
GBPJPY bullish guys enjoy your profits today news
GBPJPY 2/2 📊 Summary of Key Levels
🔑 Daily & 4-Hour Support and Resistance
Daily Support: 190.330
Daily Resistance: 193.762
4-Hour Support: 192.500
4-Hour Resistance: 193.500
📉 Exponential Moving Average (EMA) Levels
Daily EMA Levels:
EMA 50: 192.800
EMA 100: 192.200
EMA 200: 191.500
EMA 400: 191.000
4-Hour EMA Levels:
EMA 50: 193.100
EMA 100: 192.700
EMA 200: 192.300
EMA 400: 191.800
📅 Weekly Pivots
Pivot Point: 192.500
Support Levels: 191.500, 190.800, 190.000
Resistance Levels: 193.000, 193.500, 194.000
📅 Daily Pivots
Pivot Point: 192.800
Support Levels: 192.200, 191.800, 191.300
Resistance Levels: 193.200, 193.500, 194.000
📏 Fibonacci Retracement Levels
23.6%: 192.750
38.2%: 192.100
61.8%: 191.000
📅 Fundamental Analysis and Upcoming USD News
Looking ahead, several key USD news events could significantly impact the GBPJPY market:
Inflation Data Release: Scheduled for May 20, 2025, which may affect the Bank of England’s monetary policy decisions.
Interest Rate Decision: Set for May 25, 2025, where any changes could lead to increased volatility in GBPJPY prices.
Employment Reports: Expected on May 30, 2025, providing insights into the overall economic health.
These upcoming events are crucial, as they can lead to significant price movements in the GBPJPY market, influencing trading strategies.
📝 Conclusion
Today's analysis of GBPJPY highlights essential support and resistance levels, key technical indicators, and upcoming fundamental news that traders should consider. Staying informed and adjusting strategies based on market conditions is vital for success in the GBPJPY market.
GBPJPY 1/1 💹 GBPJPY Daily Market Analysis—May 16, 2025
📊 Market Analysis Section
📈 Current Market Overview
As of today, the live price of GBPJPY stands at 193.358 JPY. This analysis will delve into both the daily and 4-hour time frames, utilizing various technical indicators to provide a comprehensive market outlook.
🔍 Key Indicators Overview
🔒 Support & Resistance Levels
Understanding support and resistance levels is crucial for identifying potential trade opportunities.
Daily Time Frame:
Support Level: 190.330 (Swing Low)
Resistance Level: 193.762 (Swing High)
4-Hour Time Frame:
Support Level: 192.500
Resistance Level: 193.500
📏 Fibonacci Retracement Levels
Fibonacci retracement levels help identify potential reversal zones based on recent price swings.
Daily Swing Levels:
23.6%: 192.750
38.2%: 192.100
61.8%: 191.000
📉 Exponential Moving Averages (EMA)
The EMA indicators provide insight into trend direction and potential reversal points.
Daily Time Frame:
EMA 50: 192.800
EMA 100: 192.200
EMA 200: 191.500
EMA 400: 191.000
4-Hour Time Frame:
EMA 50: 193.100
EMA 100: 192.700
EMA 200: 192.300
EMA 400: 191.800
📈 RSI Divergence
The Relative Strength Index (RSI) currently shows a value of 52, indicating a neutral market. However, any divergence could signal potential price reversals, warranting close monitoring.
🏦 Order Blocks
Order blocks indicate areas where institutional traders have previously placed significant buy or sell orders.
Order Block Support: 192.000
Order Block Resistance: 193.500
📉 MACD Analysis
The MACD indicator is currently showing a bullish crossover, suggesting potential upward momentum. Traders should be cautious and look for confirmation before entering positions.
GBPJPY How many hammers does it need to take off?