GBPJPY bullish.Expecting the pair to continue higher at least for today. This will help to boost the expansion of the monthly candle as well. There is a lull for the last few days so today might be the day that this pair to make a significant move.
Gbpjpyanalysis
Smart Money Concept + 50ema + RSISmart Money Concept:
The term "smart money" refers to the institutional investors, fund managers, or sophisticated traders who are believed to have a deep understanding of the market and make well-informed investment decisions. The concept suggests that following the actions of these experienced and well-capitalized market participants can provide insights into potential market movements.
Exponential Moving Average (EMA):
The Exponential Moving Average is a type of moving average that places a greater weight on more recent data points. It reacts more quickly to price changes compared to the Simple Moving Average (SMA). The +50 EMA specifically refers to the 50-period EMA.
How it works:
If the current price is above the +50 EMA, it is considered a bullish signal.
If the current price is below the +50 EMA, it is considered a bearish signal.
Trading Strategy:
Some traders use crossovers between the price and the +50 EMA as buy or sell signals. For example, a bullish crossover (price crosses above +50 EMA) might be seen as a buying opportunity, while a bearish crossover (price crosses below +50 EMA) might be seen as a selling opportunity.
Relative Strength Index (RSI):
The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a market.
How it works:
RSI values above 70 are often considered overbought, suggesting a potential reversal or pullback.
RSI values below 30 are often considered oversold, suggesting a potential reversal to the upside.
Trading Strategy:
Traders may use RSI to identify potential trend reversals or confirm the strength of an existing trend.
For example, if the RSI is above 70 and the price is also above the +50 EMA, it might signal an overbought condition, and a potential reversal or pullback could be anticipated.
GBPJPY Long Term Buying Trading IdeaHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Yemi_Fx1 | Bearish Setup on GBPJPY The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:GBPJPY is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Trade IdeaThe GBPJPY has reached into a notable resistance level, and the present price seems excessively extended, surpassing previous buyside liquidity. Anticipating a potential retracement, there is a potential buying opportunity if the price retraces within the 50% to 61.8% Fibonacci range. Please be aware that the information shared here is solely for educational purposes and should not be construed as financial advice.
GBPJPY: Asian foreign exchange markets fell, the USD was strongeMost Asian currencies were mildly volatile on Friday but headed for weekly losses, while the dollar hovered near a one-month high amid growing doubts that the Federal Reserve will cut interest rates early this year.
The Japanese Yen was hit the hardest due to concerns about higher interest rates for longer and was also the worst performing currency in Asia this week. The yen fell 0.1% on Friday and is forecast to fall 2.3% this week.
Friday's data showed Japan's consumer price index (CPI) inflation fell to its lowest since June 2022 in December, prompting the Bank of Japan to maintain much of its ultra-extreme policy. his moderation at {{ecl -165||next week's meeting}}.
GJ ShortShorting GJ expecting GJ to retrace on the daily so h4 has to shift down and should form a LH here
GBPJPY POSSIBLE FALL ?hi traders ,
since the summer gbpjpy has been trading inside a channel on the daily tf .
we can see the price approaching the sell area where we have a resistance + bearish trendline it is very likely that we see a bearish move from there id wait for extra confirmation.
right now the only comfirmation we have is the close of friday candle that closed as a bearish spinning top and the rsi that is indicating a bearish divergence and weakening of price.
trade safe homies!
GBP/ JPY !! 19/1/2024 Trendline PRICE UP is stable⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The H4 long-term increasing trendline is very beautiful. The price touches the trendline, setting up a SELL signal
⭐️ SET UP GBPJPY PRICE:
🔥SELL zone: 188.550 - 188.700 SL 189.100
TP1: 188.200
TP2: 187.900
TP3: 187.600
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBPJPY - Look for a long position✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we have the same scenario as on other JPY pairs, so I am looking for a long position. I want price to make a retracement to fill the imbalance lower and then to reject from 1H bullish order block + FIBO 0.618 level.
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GBP/ JPY !! Getting SELL bad data for GBP⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
According to economic data experts, GBP will not be supported today, following the SELL trend around this area, touching the EMA.
⭐️ SET UP GBP/JPY PRICE:
🔥SELL zone: 185.350 - 185.500 SL 186.000
TP1: 185.000
TP2: 184.700
TP3: 184.400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBPJPY The price is ready to rise furtherGBPJPY The price is ready to rise further
GBPJPY may continue its uptrend after breaking the nearest resistance. The potential is good as the Japanese Yen is losing ground against the fundamentally strong Pound Sterling
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 daily setup for long and short positionsHello traders I would like to introduce you my idea of moves on gbpjpy, firstly we should see some kind of pull up and than massive downtrend. Its all based on buy and sell zones + supply and demand zones.
GBP/JPY buy signal AnalysisHello traders, In our recent price action on GJ we saw a nice bullish momentum. Despite I was bearish last week and I was wrong about the biais I didn't took any action and didn't push any button as the anticipated shift in momentum didn't materialize. This week, my perspective has shifted, and I now anticipate the bullish trend to persist. We saw a retracement into a daily IRL, establishing the sell side of the curve. My current expectation is for the market to take the ERL. For me to consider any entry, I'm waiting to see if we get a stop hunt and a clear shift in momentum. So I would consider an entry.
GBPJPY → Seesaws at around 186.00- GBP/JPY's modest gain reflects cautious market sentiment ahead of important UK economic releases.
- Technical analysis suggests bullish trend intact; breach above 186.00 could open path to 187.00 and 188.00 resistance levels.
- For a downward shift, sellers need to push the pair below 185.00, targeting the 183.39 low and 182.45.
GBPJPY H1 / EXPECTING A STRONG BULLISH MOVE UNTIL 187.200❗️Hello Traders!
This is my idea related to GBPJPY H1. I expect a retracement from the resistance level at the price of 184.300. We are in an ascendant trend and I will look only for Long entries.
Remember, history always repeats!
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Next move for GBPJPYAccording to what I see in GBPJPY, seems that we had all corrections. Also I think for the price it took more time to reach this level of price if we compare with impulse movement before start of correction. Wave B moved most of wave A, which I think is reasonable as wave A is a 3 wave correction. The time for wave B is a bit more than wave A, and wave C took more time. I put fibo retracement for your reference. Now, let’s see what will happen.
GBPJPY I Impulse Correction with Caution Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
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GBPJPY Rejecting the daily ZoneFX:GBPJPY can be seen bouncing off the daily zone for the 3rd time. Will this trigger a bearish move?
My opinion, if the most recent low (@183.107) is broken and retested then I'd go in for a short but until then, keeping my fingers crossed
#GBPJPY
Do your due diligence, past results does not guarantee future results
GBP/JPY Buy idea based on 4-hour chartHello traders, hope you a great New Year! Coming back to GBP/JPY,
we can see that the support level at 178.50 is still intact.
So, as long as price stays above the support level, we can look for buy trades.
Formation of two or more bullish candlesticks in the support zone would
solidify the bullish bias.
I would recommend going long between 178.50-179 with Stop loss below the
178 level and TP1 at 181.50 and TP2 at 184. Note that this set-up would be
invalid if the support zone breaks.
