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Gbpjpy_outlook

GBPJPY CONSOLIDATION (WEEKLY)Hello, as you can see GJ is near a weekly foundation and whenever price is next to that area we tend to see a lot of consolidation on smaller timeframes, although you can always take advantage of minor structure although I would love to see GJ close off with a Doji candle, at the end of the week. As we are in the corrective stages on the weekly timeframe. Happy trading all the best❤️ Ps: Feel free to connect with me or ask any questions. Jesus Christ loves you and died for you.
by louisemwesigwa
GBPJPY (M) SHORTHello, it’s been a long time hope you’re all well. Last month, we saw a lot of bullish momentum, although last week we ended the week with Bearish momentum. Whenever you are spotting divergence it takes a long time to play out, but for this month am expecting a bearish candle for overall close. We are next to a foundation level that means consolidation in the lower time frames. Additionally with market structure, I see bearish candle for the month. The market has been in an impulsive move, as you know the market moves in three ways, implies, correction, continuation. As of now, we are in the impulsive side, hoping to see some correction. Lastly there’s, candle exhaustion at the top of structure from previous Candles, indicating price exhaustion. Note: Minor structure moves move faster than major structure moves, thus you can always take advantage on lower timeframes. Make sure your confluences always line up before taking a trade.
Short
by louisemwesigwa
GBPJPYThe British pound broke down significantly last week, reaching down to the ¥160 level. The ¥160 level is an area that is a large, round, psychologically significant figure, and the fact that we bounced from there should not be a huge surprise. The question now is whether or not we can break above that massive shooting star from the previous week? I suspect we cannot, at least not anytime soon. In the short term, I think we are simply going to go back and forth between the ¥160 level on the bottom and the ¥165 level on the top.
by SmoothJB
GBPJPY LONGS 📉📉📉Expecting bullish price action on GJ as we are in a bullish mraket strucutre from a HTF premise, price filled all the bullish imbalances on it's way and right now we should go for the bearish openede imbalances. Price rejected also an important area of a bullish orderblock on the H4 with a clear bullish candle on the H4. Market Sentiment tells us that retailers are selling this asset meaning we should look only for LONGS, yen weakness incoming. What do you think ? Comment below..
Long
by AnonimFXRO
1
Can GbpJpy reach 180? (Long term analysis)For 5 years, between 2016 and 2021, 125 zone provided an impenetrable price for GbpJpy. After a decisive break above 150, the pair has risen to 157. A new range has formed with this high and also this 10 months consolidation has been broken recently to the upside and a continuation to the next important resistance is to be expected. That being said, corrections to the old resistance should be considered a good opportunity for buying with a target of 180 und negation under 155
Long
by Mihai_Iacob
7
GBPJPY - WEEK 15 ANALYSESMonthly bias - short: Rejection from the monthly sell zone + liquidity run above previous high. Weekly bias - short: Previous weekly candle is filling the pin bar wick that we’ve created in week 13. This tells me that we’re almost ready to create the next move downwards. Week 15 - analyses: I expect a push up towards the 162.8 area where the .618 fib is located in the beginning of the week. Be cautious for a liquidity run above the previous wick at 162.725 (see red zone). After the move up I think that we’ll see a strong move down towards 159.9 area since we’re in a Monthly Sell Zone. The next major level of support will be at 159.9, this is where GJ maybe finds some support but since we’ve tested this area multiple times (see red arrows) It may break this level and move further towards 157.5 where we’ll find our next fresh support/buy zone.
Short
by HB-Forex_
2
GBPJPY (D) SHORTHello, on the daily overall we want to see sells for this week but although I will want to see a proper bullish candle close outside the major trend lines for a proper break and retest. But overall the GJ is sited on 50% retrenchment level which indicates a reservation but also structure does it too show. Although I meant expect a small bullish movement before making the overall move. But either way bears are so ready! Share with me your thoughts. Note : Jesus loves you and died for you❤️
Short
by louisemwesigwa
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
Long
by louisemwesigwa
GBPJPY LONGBy looking at the price action, its easy to see that the pair has been moving in a bearish direction for serval days. Current price action suggests that we might be in for a short term bullish correction. We have spotted the formation of an inverse head and shoulder pattern on the Daily chart and when we move to the H4 time frame, this pattern is more clearer. Another reason for our bullish short term basis is because we have spotted a change in market structure from bearish to bullish as per our key level. We will be looking for an entry on the retest of this key level. The target for this trade is around high of the previous month. The risk reward for this trade currently stands at 7.87 to 1. We plan to hold until target or close manually as per our trading plan rules.
Long
by NDOBObanks
2