GBPJPY BULLISH-I'll be focusing on a 4hr TF
-Looking for a retracement to that +OB(the lower one.
-I'll be looking at Asian session and London session for my entry
JPYGBP trade ideas
GBPJPY BUY IDEAGBPJPY at a very important level of resistance, a breakout of that level Will signal a bullish momentum. Stay Tuned!
GBPJPY - Stars Aligned IF we look at the preceding 2 months for this pair on the Weekly Chart
1. Evening Star - July starts with a bullish candle , followed by a Shooting Star and then a bearish candle. Together these 3 candles form the Evening Star , a bearish reversal pattern. The rest of the month follows through with successive extended range bearish candles.
2. Morning Star - August starts with a large Hammer , testing the 3rd Standard Deviation and cementing the lowest low. Next a bullish candle appears. We now have a formation of the Morning Star, a bullish reversal pattern. The 3rd week in August is closer to a Deviant Dragonfly, also a bullish sign. August ends with a bullish candlestick.
On the daily chart we can see the consolidation of later August. Price is respecting 192, and there is compression evident with smaller real bodies.
What's next ?
Looking for a potential Flat Channel Breakout next week. The target would be a confluence of
1. Supply Zone - 197.50
2. Bollinger Channel Midpoint - 197.00
GBPJPY SELL PROJECTION GJ is in an uptrend closing up but with a demand level. The demand level has a very strong zibe with four touches already so I expect price to go short.
GBPJPY SELL PROJECTION GJ is in an uptrend closing up but with a demand level. The demand level has a very strong zibe with four touches already so I expect price to go short.
GBPJPY SELL PROJECTION GJ is in am uptrend with a very strong demand zone. I expect price to form the tail of the triangle and we can actually go short
WEEKEND VISION GBPJPY The market is two weeks and it is moving sideways maybe this week we are witnessing the formation of higher bottoms and highs
GBPJPY Will Grow! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 191.937.
Considering the today's price action, probabilities will be high to see a movement to 193.494.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPJPY 1H Finally Going to Jump?
Strategy Explanation
GBPJPY has been consolidating for almost 2 weeks on 1H chart, plenty of traps have been set within this range, thus a lot of liquidity has been generated presumably. The question is: In the coming week, will GBPJPY finally break out the resistance level and activate all potential BUY limit orders to push the price up towards target zones further above (seen on the chart)?
I think it is very likely that the current 1H purple demand zone is where the market will jump from, so a pretty simple BUY limit order can be set up around this zone(see the LONG Position widget):
Entry: 191.638
Stop Loss: 191.030
Take Profit: 194.703 (potential 4H Supply Zone from 194.703 to 197.578)
Risk Reward Ratio: 5.0
Cautions
If the red "Caution level" at 190.900 is reached first, then the consolidation period of GBPJPY probably will be continuing and new market analysis will be made.
I don't recommend risk too much on this trade since no upward confirmation signals has formed yet, but it is still a trade worth taking concerning the RRR is around 5. Higher quality BUY opportunities can be found after the 1H resistance level has been truly broken, if you don't feel safe on the current one. Remember: Trading is a game of probability and Risk Management is the key.
GBPJPY THESISSo, this is my raw thesis for pound yen over the long term.
Ideally, I want to keep this reference because this is my long-term outlook on this instrument.
Of course, the market can always move and change direction, but my confidence will be looking at capitalizing on this instrument as price confirms entry and exit points along the way.
eat that frog one man once nail ithave you thought on what am going to tell you..... let continue be bullish GBPJPY
GBPJPYAnalyse on GJ
H1 and H4
We still on a Uptrend.
We are inside of a triangle,the same that we had on H1 weeks ago, but this time on H4
Check the trend Considering that the price is moving in a triangle pattern, according to the reaction of the price in the specified support and resistance ranges, the continuation of the movement process will be determined.
GBPJPY- In Range/ConsolidationGBPJPY is currently playing in a range or support/resistence. You can look for buy setups on support and sell setups on resistence.
GBPJPY Trade Update - Further Sell Off Pending?Price has been range-bound since the initial update but after respecting the range highs over today's trading sessions and rejecting the 1H FVG, we could be due an impulsive leg lower.
That being said, we have been respecting dynamic support with the 4H constantly rejecting range lows so considering the HTF with the daily primary swing not yet in EPD, there are multiple confluences that indicate price could head higher.
Patience will be key at the moment. Let price decide by monitoring displacement and then we can execute accordingly.
GBP JPY MONTHLY TIME FRAME SHOWING WEAKNESSGbp jpy falling from 200 and trying to hold on to 190 but its starting to crack. The monthly wave indicator is starting to weaken below the moving average line. 180 unlocking if not 170 in the long run. Entering with medium to leverage would be the way to ride this sell wave by having stop placed higher than 195 to be super safe or 192.5 to be safe with the take profit placed at 180 for first and 170 if it continues. Tarders with high leverage should have their own stratrgy on how to ride this wave.
GBP-JPY Local Short! Sell!
Hello,Traders!
GBP-JPY is about to retest
The horizontal resistance
Of 192.000 again and after
The retest we will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
GBPJPY - upside bias GJ has been trending within the wedge shown for the past couple of months.
keep following to see which way the break is.
Check out my last XAUUSD idea!
GBPJPY Bull / Bear IdeaHere’s my current analysis for GBPJPY this morning for the NY session. Simple strategy, close targets, all within respect. If we respect the M5 / M15 FVG, expect bullish up through the price range into our first target. If we inverse the FVG, expect the first target lower.
GBPJPY ANALYSISHey guys, here's my view on gbpjpy. I have a bearish bias and waiting for confirmation before taking my entry.
Do well to use good risk and when in good profit ensure to secure some and allow the trade to float to T.P
Short on GJTake a closer look guys
This is the 4hr HTF topdown analysis.
From last week data analysis.
Weekly high and low is my New week PD array.
Price is at premium zone.
I want to anticipate price to run down to discount zone.
Make use of lower timeframe to spot an entry.
Let's go bear Hunting 🏹
GBPJPY Trendline Breakout , All eyes on sellingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
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Gbpjpy I am expecting price to push down to the phycological zone den we sell and put our sl on the high
