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Gbp-jpy

GBPJPY | Bullish Signal!The GBP/JPY pair appears to be on an upward trajectory, with a bullish sentiment prevailing in the market. This can be attributed to a number of macroeconomic factors, such as the increasing demand for British goods and services, improving economic conditions in the UK, and the recent monetary policy decisions taken by the Bank of England. Furthermore, technical analysis indicates a bullish trend as the pair has recently experienced a MA crossover, with the shorter-term moving average crossing above the longer-term moving average. This crossover suggests that momentum is building in favor of the bulls, and that a potential uptrend may be on the horizon. Overall, while it's important to keep an eye on any developments that may impact the pair, the current market sentiment for GBP/JPY is bullish, and traders may want to consider taking long positions in the pair.
Long
by percifying
2
GBPJPY Last push upwards before strong sell?The GBPJPY pair did give a good rebound and pull-back following our February 03 idea but hasn't yet touched the Symmetrical Support level: However it did manage to form a solid Channel Up, closing above the old Higher Lows trend-line and rebounding on the 1D MA100 (red trend-line). As long as those hold, buy and target 168.000 right below the Symmetrical Resistance Zone. A 1D candle close below the Channel Up, would be a sell signal for us, targeting just above the Symmetrical Support level finally at 156.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPJPY | Bullish Signal! GBP/JPY has been showing signs of bullish momentum recently, approaching a key resistance level that could potentially trigger a breakout. The currency pair has formed several strong wicks in the past few days, indicating that there is strong buying pressure at lower levels. Furthermore, the MACD indicator has crossed above the signal line, suggesting that the uptrend is gaining strength. The RSI indicator is also in the overbought territory, which further supports the bullish bias. If GBP/JPY manages to break above the key resistance level, we could see a strong continuation of the uptrend, potentially targeting the next resistance level at . Traders who are looking to enter a long position may consider waiting for a confirmed breakout above the resistance level, and placing a stop loss below the recent swing low for risk management purposes. Overall, the technical indicators are signaling a potential bullish move for GBP/JPY, and traders should keep a close eye on the currency pair in the coming days.
Long
by percifying
1
GBPJPY Outlook 6th April 2023Read the USDJPY analysis and the GBPUSD analysis Anticipating some brief upward move on the USDJPY (before a continuation to the downside) and a continuation of the upward trend on the GBPUSD. This could signal some upside potential for the GBPJPY as the price finds support along the 163 price level. The GBPJPY could climb to retest the 166 resistance level briefly. However, watchout for the potential hesitation level at the 164.50 price level which coincides with the 50% fib level in the shorter term.
Long
by JinDao_Tai
2
GBPJPY on a pennant 🦐GBPJPY on the 4h chart after the liquidity grab below the 159.500 area started an impsule to the upside. The market broke the 164 level and retest the previous resistance now turned support. We can see how that key level has been the 0.482 Fibonacci area and how the price started to trade between 2 narrowing trendlines that potentially could be seen as a pennant pattern. How can i approach this scenario? I will wait for a potential break of the pattern and if that will happen i will look for a nice long order according to the Plancton's strategy rules.
by InkyGrip
2
GBPJPY Technical Analysis 04.04.2023 1h chart– Previous Daily candle closed Bullish at 164.400 above recent Daily Resistance formed on Friday 31st March 2023. – Buys on close above 164.550 targeting 4h Resistance at 164.900, Leaving Runners to the 1h Resistance at 165.220. – Sells on close below 164.000 targeting 4h Support at 163.700, Leaving Runners to the 30min Support formed at 163.500. – Targets are smaller compared to the No Trade Zone but it is important to pay attention to the level of Resistance and how Daily and 4h candles are forming.
by SalimFX20
GBPJPY Rebounded on the 3 month Rising SupportGBPJPY is trading inside a Channel Down for the past month. The price hit today the 3 month Rising Support that started at the beginning of the year. Trading Plan: 1. Buy as long as the Rising Support holds. 2. Sell if the Rising Support breaks (i.e. closes a candle under it). Targets: 1. 162.000 (top of Channel Down and under the MA200 (4h)). 2. 157.000 (Support Zone (1)). Tips: 1. The RSI (4h) is rebounding after hitting the oversold limit. This is technically a short-term bullish sign. Please like, follow and comment!!
by TradingBrokersView
10