GBPJPY:Buying dips worthwhile!GBPJPY
Intraday - We look to Buy at 160.40 (stop at 159.50)
We are trading at oversold extremes. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to buy dips.
Our profit targets will be 162.20 and 165.65
Resistance: 162.20 / 165.65 / 168.70
Support: 158.70 / 155.60 / 152.00
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Gbpjpy_outlook
GBPJPY top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY - FUNDAMENTALS WITH TECHNICAL BIAS#GBPJPY
Currently, GBPJPY is going up slightly due to MARKET RISK ON. We expect GBPJPY to wave UP again.
Anyway, that PRICE can fall on the SUPPORT LINE below GBPJPY again. But now GBPJPY PRICE can go UPSIDE MARKET. GBPJPY can definitely SELL at 160.097 LEVEL. For that, MARKET RISK should be OFF and JPY should be STRONG in the short term.
But we can BUY GBPJPY up to 168.690 LEVEL according to the STRUCTURE to COMPLETE the PATTERN. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK ON in the coming days. We must pay attention to MARKET SENTIMENT.
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIASCurrently, GBPJPY is going down a bit due to MARKET RISK OFF. We expect GBPJPY to go UP again.
Anyway, that PRICE can fall on the SUPPORT LINE on the GBPJPY chart again. After that the MARKET can go UPSIDE. You can definitely buy at the GBPJPY 168.69 level. For that, MARKET RISK should be ON.
But we can sell GBPJPY up to 158.60 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
GBPJPY(15)Hello, currently I want to see GJ keep pushing to the upside once you see a pair having a strong push up it’s really hard for it to break momentum as it’s strongly bullish, I want to see it break the 169, 170 mark. But for now let’s watch it move it to TP2 , TP3. -27.00% TP2 and -61.80% TP3. As it already hit TP1 0.00%
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