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Gbpjpy_outlook

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
GBPJPY(D)Hello, am so happy with GJ it finally broke the major monthly trendline, it retested on the small time frames and is up 158.739 I predicted this weeks back there are links below how i came to this conclusion. GOD IS SO GOOD! I came to this conclusion solely using market structure and other confluences. I wish you happy trading although we meant see a price reversal coming soon with the BEARS. But as always trade what you see not what you think and above all ask GOD for wisdom, He will show you Share with me your views.
Long
by louisemwesigwa
GBPJPY has formed a Fish pattern!!GBPJPY is showing strong bullish momentum in all timeframes. Currently, it is over daily and weekly resistance and already tested once as support on the daily timeframe and formed a Doji. If this instrument opened with a gap to the upside tomorrow, we may see an aggressive move to the upside. Or we may see another retest of the daily resistance( 156.05) as support and may start to move up. On the other hand, If it is a false breakout to the upside, we may see a big candle to the down. If so, we will wait for a retest fo the broken resistance ( 155.80)and will look for short. If you enjoy this analysis please thumbs up. Thank you.
Long
by ForexWizard01
GBPJPY LONG (4HR)Hello, right now price is making an impulsive move and we want to see price break and retest, as price is on a sensitive area where it has tested as support and resistance several times in the past so we know price moves in three direction impulsive, correction and continuation. As of now we are in an impulsive move but hope to see correction and continuation to the top break major trend line and then a bearish move although that could take sometime. Basis made on market structures I would love to connect with you all, share opinions ❤️ Jesus loves you and died for you❤️
Long
by louisemwesigwa
GBPJPY- Bullish divergence and oversold CCI Analysis- The CCI (50) and Woodies CCI below zero level in Woodies CCI in the 4 -hour chart. It confirms the bearish trend. Technical: The immediate resistance is around 152, any break above targets 152.25/152.75/153.35/154. Significant bullish continuation if it breaks 155.30. On the lower side, near-term support is at 151. Any indicative violation below targets 150/149. GBPJPY continues to trade lower for the past three days and lost more than 300 pips on the weak Pound sterling. DISCLAIMER: ((trade based on your own decision )) <>
Long
by Goldsignal75