Get started

Gbp-jpy

InvestMateGBP/JPY Attention, strong line of resistance ahead💷💴GBP/JPY Attention, strong line of resistance ahead. 💷💴That's as I wrote some time ago about the upside on this pair. Link below: 💷💴Now it's time to refresh the topic and give you my latest view. 💷💴As we can see the Pound is not giving up and is trundling forward with most forex pairs. 💷💴I determined the support zone based on the cluster of fibo levels of 0.382 of the entire last downward correction and the level of 0.886 of the entire downward wave measured from peak to bottom visible on the chart. It can be seen that the price has repeatedly found this level as resistance but also as support in the past. 💷💴The resistance zone results from a cluster of also 2 fibo levels. It is a double of the 1.272 level of the same waves as the support zone. This combination creates a really strong zone. 💷💴Beginning with the fact that GBP/JPY is in an uptrend of several years, I don't think getting this level will be a major problem. 💷💴The scenario I am playing out is a continuation of the upside to the resistance zone where I will be watching closely to see how price reacts. 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.🚀
Long
by InvestMate
7
RLinda ! GBPJPY-> Triangle at the base of the rangeGBPJPY is in a narrow upward range (price channel) Price is squeezed between 169.09 and 167.39. The local trend is upward. What to expect? We see the formation of an upward price channel in a consolidated movement, the nearest target due to the resistance of 169.09 has not been reached, the price went down, but a triangle pattern is formed at the base of the upward channel, if the price breaks the resistance of the pattern, it may go to 169.09 again and then to 170.58. Should we expect a break-down of the pattern support? Less likely, but yes, because a secondary retest of the channel support is formed and the price might break it and go towards 166.100 Regards R. Linda!
Long
by RLinda
17
Buying GBPJPY on dips.GBPJPY - Intraday - We look to Buy at 166.13 (stop at 165.33) There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 169.09. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to buy into dips close to the 165.90 level. Our profit targets will be 167.98 and 170.68 Resistance: 168.70 / 172.15 / 174.20 Support: 164.00 / 161.10 / 158.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBPJPY targeting 172.250. Excellent long-term pattern.The GBPJPY pair has been rebounding strongly since the November 11 Low within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The Low was made on the Inner Higher Lows trend-line, that has had four hit-and-holds since May 12. Based on the 1D MACD also, this sequence resembles the April 20 - June 09 fractal, whose rebound reached the previous High, which is now the Resistance at 172.250. This is the short-term target. On the long-term you see that the pattern is an Ascending Triangle (since March 2021 and we are close to the Higher Highs Zone. Every hit either on the dashed or top trend-line is a sell opportunity, until the pattern is invalidated. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
4
Selling GBPJPY into a rally.GBPJPY - Intraday - We look to Sell at 167.75 (stop at 168.85) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Our profit targets will be 164.60 and 164.00 Resistance: 168.70 / 172.15 / 174.20 Support: 164.00 / 161.10 / 158.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPJPY: Your Detailed Trading Plan 🇬🇧🇯🇵 Update for GBPJPY. After a strong bearish wave, the market is correcting within a rising wedge pattern. To catch the next trend-following move, wait for a bearish breakout of its support. We need a 4h candle close below that to confirm the breakout. A bearish continuation will be expected to 164.55 / 163.75 levels then. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
GBPJPY - Top In Place!In our last GBPJPY analysis, we thought we'd make another high before reversing. However, it appears that wave 5 was an ending diagonal to complete the entire 5 wave move. We are now looking for any opportunities to sell GBPJPY. On lower timeframe, we can look for corrections and sell on the breakdown of the corrections. GBPJPY 8H Trade Idea: - Watch for the break of the current correction - Once correction breaks, enter with stops above the correction - Targets: 160 (650pips), 158 (850pips) Goodluck and as always, trade safe!
by WicktatorFX
6
Joe Gun2Head Trade - Head and shoulders top on GBPJPYTrade Idea: Selling GBPJPY Reasoning: Head and shoulders top on GBPJPY Entry Level: 164.15 Take Profit Level: 158.02 Stop Loss: 165.88 Risk/Reward: 9.46:1 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
5
Joe Gun2Head Trade - Head and shoulders top on GBPJPYTrade Idea: Selling GBPJPY Reasoning: Head and shoulders top on GBPJPY Entry Level: 164.88 Take Profit Level: 158.04 Stop Loss: 166.23 Risk/Reward: 5.09:1 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
1
GBPJPY Potential for Bearish ContinuationOn h4, with the price breaking the ascending, we have a bearish bias that the price may drop form the sell entry at 165.212, which is in line with the overlap support to the take profit at 159.524, where the previous swing low is. Alternatively, the price may rise to the stop loss at 169.000, where the previous swing high and 61.8% fibonacci retracement 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
1