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Gbp-jpy

GBP/JPY rises on the horizon💷💴💷💴GBP/JPY rises on the horizon 💷💴The same as for EUR/JPY 💷💴It looks like the Pound will follow the Euro's path and also start a journey northwards. 💷💴All thanks to the defence of the support zone and a strong reaction towards the north. 💷💴The support zone was determined by the fibo level of 0.618 of the entire downward wave from the 2015 peak to the covid bottom 💷💴There are two resistance zones ahead. 💷💴The first based on the 0.382 level of the entire downward wave from the 2007 peak to the 2011 bottom. The second based on the 0.786 level of the same wave as the support zone. 💷💴The scenario I'm playing out is a continuation of growth, not excluding a reaction at the first resistance zone with a target at new peaks. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
8
Joe Gun2Head Trade - GBPJPY in a short term bearish channelTrade Idea: Selling GBPJPY Reasoning: Bearish channel to continue Entry Level: 165.76 Take Profit Level: 164.07 Stop Loss: 166.41 Risk/Reward: 2.57:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
GBPJPY Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for GBPJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 166.122, where the 38.2% Fibonacci line is. Stop loss will be at 169.003 where the previous high is. Take profit will be at 163.029, where the previous low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
InvestMate|GBP/JPY Continuation of declines💷💴💷💴GBP/JPY Continuation of declines. 💷💴As written in the title I will give you my downtrend perspective on this pair. 💷💴Looking at how the price has been declining over the last two days. We can safely conclude that a new wave of strengthening of the Japanese yen is in progress. 💷💴Ahead of us there is a very strong support set on the basis of up to three fibo levels. The first is the level of 0.236 of the entire upward wave from the bottom of 2020 to the peak of 2022. The second is the level of 0.5 of the entire downward wave from the peak of 2015 to the bottom of 2020. The last level is the level of 0.886 of the entire upward wave from the bottom of 2000 to the peak of 2007. 💷💴It is not often that a support zone is based on as many as 3 such strong levels. 💷💴I have marked 2 resistance zones above. In the description I will focus on the one closest to the price. 💷💴It was determined based on a cluster of two fibo levels. The first is the 0.618 level of the entire downward wave from the 2015 peak to the 2020 low. The second is the 0.382 level of the entire downward wave from the 2007 peak to the 2011 low. 💷💴These are the current nearest zones between which the price is likely to operate. 💷💴Looking at the big picture, the scenario I am playing out is to continue the decline to the support zone and watch how the price will behave there. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
GBPJPY for a lower low 🦐GBPJPY on the 4h chart retraced eperfectly at the 0.618 Fibonacci level exactly at the 169.900 at the previous higher low level. The price is now trading above a minor support and the actual lower low lower high move has been respected. How can i approach this scenario? I will wait for a possible break of the support and in that case, i will consider a nice short order according to the Plancton's's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
19
GBPJPY Potential Forecast | 28th November 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts that could potentially play out during NY session. Trade Idea 1) Price have cleared the supply zone and pushed lower 2) Structure has been broken and a lower low and high has been formed 3) Price inefficiency can be seen and expecting price to retrace and clear the H4 high marked by the zone 4) Anticipating price inefficiency to be cleared To look out for: - Price is currently respecting the area of demand zone and this could prevent price from heading lower if it continues to respect the zone. All in all, I believe that price can potentially head lower as mentioned in my GBPJPY set up that I talked about on the 27/11/22. Trade safe guys! Regards, Chern Yu
Short
by Jon_Jones_Junior
3
GBPJPY Potential Forecast | 27th November 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for the next week. Trade Idea 1) Price has been bullish on the lower timeframe 2) Price is nearing the daily swing high at 169.08 3) It could potentially head up to test the daily swing high and we can find potential short positions off the supply zone above 4) Furthermore, sell-side liquidity has been building at the bottom marked by the liquidity hot-spots To look out for: - Price could potentially tap into the area of imbalance below before headed back up, there could be potential long opportunities there as well. All in all, I believe that price can potentially retest the daily swing high above and will be eyeing short confirmations there. Trade safe guys! Regards, Chern Yu
Short
by Jon_Jones_Junior
14
GBPJPY a turn at the 0.618 🦐GBPJPY on the 4h chart retraced èerfectly at the 0.618 Fibonacci level exactly at the 169.900 at the previous higher low level. The price is now trading above a minor resistance and the actual lower low lower high move has been respected. How can i approach this scenario? I will wait for a possible break of the support and in that case, i will consider a nice short order according to the Plancton's's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
GBPJPY: Important Breakout 🇬🇧🇯🇵 GBPJPY was steadily growing within a rising parallel channel for the last 3 weeks. The market reached a key daily structure resistance on Friday. Bears started to push heavily from that and the price broke and closed below the support of the channel. It will trigger a bearish continuation. Next supports: 166.3 / 165.3 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5