GBPJPY 11/11/2022Details on chart - looking for buys but ready to adapt to short term bearish structure
Gbp-jpy
GBPJPY Potential For Bullish RiseOn H4, with the price moving within the ascending channel , we have a bullish bias that the price may break the buy entry at 167.750, which is in line with the 38.2% fibonacci retracement to the take profit at 172.191, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
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Selling GBPJPY into a rally.GBPJPY - 11h expiry - We look to Sell at 168.70 (stop at 169.90)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
With the Ichimoku cloud resistance above we expect gains to be limited.
Preferred trade is to sell into rallies.
Our profit targets will be 165.20 and 164.00
Resistance: 168.70 / 174.20 / 181.10
Support: 164.00 / 161.10 / 158.70
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GBPJPY Potential For Bullish RiseOn H4, with the price moving within the ascending channel , we have a bullish bias that the price may break the buy entry at 167.750, which is in line with the 38.2% fibonacci retracement to the take profit at 172.191, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
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.
GBPJPY Potential downsidesHey traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 168,5 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPJPY Potential For Bullish RiseOn H4, with the price moving within the ascending channel, we have a bullish bias that the price may break the buy entry at 168.354, which is in line with the 38.2% fibonacci retracement to the take profit at 172.191, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
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.
GBPJPY Potential For Bullish RiseOn H4, with the price moving across the MA of BB and stoch is rising to the resistance, we have a bullish bias that the price may break the buy entry at 167.330, which is in line with the 38.2% fibonacci retracement to the take profit at 172.243, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
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.
GBPJPY a slight retest Before dropThe price did a big drop After touching my weekly zone. For now im expecting For a slight retest Before continue drop Like a bad habit.
Key level
Red: sell
GBPJPY: Potential JPY recoveryHey traders, in the coming week we are monitoring GBPJPY for a selling opportunity around 167 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPJPY 04/11/2022Details on chart - looking for buy entries to continue price after new Monthly candle creating a lower wick still respecting HTF bias.
GBPJPY 1hr TF ViewBUY on Close above 165.950
TARGET 1=166.680
TARGET 2=167.100
Sell on Close below 165.090
TARGET 1=164.500
TARGET 2=163.850
Institutional Supply: GBP/JPY ShortHi again!
The second similar pair that is added to my watch besides EUR/JPY is the GBP/JPY opportunity. The analysis is more or less the same, price has been in a up-trend which might end due to the new creation of daily supply at the top. The criteria of this zone is exactly the same as EUR/JPY shared previously, making me watch both of them when my alert triggers.
What I like from the higher-timeframes is the strong monthly supply area slighyl above or at the top of this daily zone, therefor my arrow is shows that price might spike above it a bit, which is totally fine in my opinion. We have a formula on how far it is allowed to go above.
Kind regards,
MNieveld
GJThis is the last update for the day on GJ, because you can manually close or watch it as it strokes the strength of your psychology by baby kissing the TP
GJFor the sake of transparency, move your SL into profit. It still is NFP week so we put an even sharper eye on in order to calculate our moves. We move and we move and we move. Loss or Profit, same reaction. Your average trades in the end should still be in profit even if its R10.
WE MISS 100% OF ALL THE CHANCES WE DON'T TAKE. I did not even take the trade🙈🙈 but I forecasted.
GBPJPY 03/11/2022Details on chart - waiting for interest rates before jumping in buys while LTF short term sells can occur
GBPJPY 02/11/2022Details on chart - looking for buys to continue overall HTF trend however I recognise LTF sells can occur for the short term
GBPJPY 01/11/2022Details on chart - looking for more buys ahead of this month fiscal month but understanding and staying adaptative to short term sells to create that lower wick on price
GBPJPY 31/10/2022Details on chart - looking for more buys to close off the month on GBPJPY and follow the HTF bias
GBPJPY Finally Touching The Strong ResistanceExpecting The price to The Weekly Resistance level and drop to the New Buy Zone.
Keylevel as follows:
Red: Sell
Yellow: Weekly Buy Fibo 50-60%
GBP struggles to maintain upward trend👑 GBP struggles to maintain upward trend 👑
👑 Last week, the British pound positively surprised all investors. Because the Bank of England announced the purchase of assets such as bonds
👑 Against the JPY, we could see a rebound of about 10%.
👑 This gave a clear signal confirming the continuation of the upward trend on the pair
👑 The high bounce we made may be cooled in the upcoming trading sessions
👑 But looking at the dynamics, I'm willing to risk saying that the upward trend on this pair is not over yet
👑 Do you like analytics? Watch the profile👑
InvestMate|GBP/JPY time to get rich💷GBP/JPY time to get rich
💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible.
💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong)
Accurately predicting a correction and then further rises. I invite you to read the article below. 👇👇👇
💷Since my last post on GBP/JPY the rise has already been over 800 pips which translates into a 5% increase in the price of the pound versus the yen.
💷I am proud to have written about this and it is now visible to see in my profile history.
💷But now in the second part I write that it is not over yet. The rally has only just begun
💷Looking at the long-term uptrend on this pair of 32 months now
💷Where the trend is only gaining momentum
💷Which has been mainly driven by the fall in the value of the Japanese Yen where there is currently no change in monetary policy. (negative interest rates of -0.10%)
💷It is now time for the Pound to squeeze out strong gains on the back of, among other reasons, an assumed interest rate rise to 3% from 2.25%
💷And the Bank of England's announcement of unlimited asset purchases, which has contributed to the pound's sharp rises over recent weeks
💷Friday's trading session ultimately showed market sentiment and investors' willingness to push the pound higher.
💷Moving to the monthly chart and knowing the characteristics of the movements of the currency pairs with the yen crossover which oscillate in clear easy to predict trends.
💷 .
💷We are still 5.29% short of the first resistances
💷At these points I would look for price turbulence (possible corrections)
💷As far as I can see, the way is open for now.
💷Feel free to share your opinion on my analysis. I am open to a substantive exchange of views
🚀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.🚀
