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Gbpjpyanalysis

Watch out! GBP/JPY inching closer to the hourly resistanceHello trader, in both of my last two ideas on GBPJPY, I advised you to go long in GJ. Price was at 181.30 back then. So, if you followed you already made over 200 pips profit. Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80 zone. If the zone holds and we see the formation of some rejection candles in this area, then we can expect GJ to fall to 182.50. Watch out for GBP data later in the day which can trigger big moves in GJ
by MarcellusLUX
9
GBPJPY Long Term SELLING 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
Long
by ForexPlanet20
GBPJPY 1H analysisScenario: Price is currently ranging, liquidity has been built up below and above, buyers has been absorbed with divergence impact, price is currently building up to retest the 70 - 80 zone. Expectation: Once price takes out liquidity below, I will look for bullish 15m BOS and buy on the second retest block. Once price takes the liquidity above or reach the POI zone, I will look for 8m/15m bearish BOS and then make entry on the retest block. Comment: Making entry within the price range without waiting for the liquidity of either sides to be taken will not be ideal.. Best of LUCK !!!
Short
by ephraimmode
GBP/JPY LOOKING BEARISH!We can clearly see this pair is in a BEARISH Trend by looking at the Daily timeframe. Switching to the 1 Hour Timeframe, I can get a better picture of when I need to enter this market. Price has tested the Pivot all week and continues to bounce between it and a strong support at 181.250. MACD showed me a cross, RSI is under the MA and price is under all of my EMA's for added confluence. Entry - 181.785 TP- 181.250 SL-182.035 Hoping for a little over 50 pips for this trade! Cheers! FX:GBPJPY
Short
by Lady_Pippin
1
GBPJPY: Price action and potential setupsGBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest. As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA provides support to the downside. resting around the 181.774 mark. Key Levels to Keep an Eye On: Support levels: 181.77 180.00 178.33 Resistance levels: 183.00 184.06 186.72
Long
by Sphyn-Trader
1
GBPJPY: Hello traders! The return of Sphyn♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar 🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela ① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on oil-producing Venezuela and Washington is stepping up efforts to prevent the Palestinian-Israeli conflict from escalating. ② Multiple sources said Monday that the Venezuelan government and opposition plan to resume long-stalled negotiations on Tuesday; President Maduro said this would benefit the 2024 election, a move that could prompt Washington to ease sanctions. ③ Oil prices rose sharply last week on concerns that the conflict in the Middle East could widen, with Brent crude prices rising 7.5%, the largest weekly increase since February. ④ US President Biden will visit Israel on Wednesday. Israel is preparing to escalate its offensive against Hamas militants, sparking a humanitarian crisis in Gaza and raising fears of a wider conflict with Iran. ⑤ ANZ Research said in a report on Tuesday, "Risks remain, with Iran's Foreign Minister warning that the war could expand to other fronts and is approaching the inevitable stage ." ⑥ The Biden administration is looking to increase oil flow to the global market to ease high oil prices. But due to a lack of recent investment, it will take some time for Venezuela to actually increase oil production.
Long
by Sphyn-Trader
2
GBPJPY; Massive Head & Shoulders forming on the Weekly!A massive Head & Shoulders formation on the Weekly chart (and, obviously, on the daily), forecasting a -9% plummet in this pair upon completion . (I.e. It will have to break down, first!) There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words: - Cheap continental (EU) capital flow has long ceased - Brexit; - Since 1990, while ~40% of EU manufacturing profits have "trickled down" to the "average Joe"s the same wealth transfer was limited to only ~8% of the UK's population. (E.g. Germany financed virtually all of the British capital expansion in the last 30 years which Britain freely squandered away, permanently.) - Probably the most interesting/significant factor is this: IFF A.I. fulfills even a fraction of the "hopes" attributed to it's recent rise and practical promises (GPT-x, etc.), interestingly enough Britain is in the "sweet spot" to be the most devastated by any value added by the "A.I. revolution"! (We have conducted an extensive, multi-month research project before arriving to this conclusion. Time allowing, we will attempt to include the most practical/trading related aspects of those results here.) - Japan continues to come out of it's 30 year slumber and there are tangible signs of continuation of this progression. Also, in the presently unfolding multi-polar "new world order" the undeniable winning block will be most likely the NAFTA + Japan "manufacturing & trading block". At present, the two fastest developing regions of the world are; 1) Texas + Northern Mexico; 2) Japan + S.E. Asia (while China's problems remain well out of reach for any solution - I.e., demographics, etc.) We are actively looking for a Short Entry at these levels. Here is a closeup - Daily;
by Nemo_Confidat
GBPJPY Analysis 13Oct2023The currency pair of GBPJPY has recently touched the Fibo area of 0.236 and experienced a bullish move. Currently, there has been a BoS and the Sturcture Market is showing a strong indication of bullish continuation. If the price declines again, it will only be considered a correction from the bullish trend that has occurred. It is important to note that the price decline is within the invalid area limit. This provides further support for the bullish trend that is currently prevailing in the market.
by Hokusai_FX
GbpJpy- Drop ofter confluence resistance test?In my previous analysis on GbpJpy, I said that the pair could rise and test confluence resistance at around 183. Friday's close found the pair exactly in that level and after the gap from Monday's open, the pair continued down. At this moment the pair is trading in the support given by the recent ascending trend line and a break above this level is probable. In such an instance, continuation is probable and the paint could reach the previous low. I'm bearish as long as the price stays under 183
Short
by Mihai_Iacob
4
700 Pips Sell TP hit in GJ, now time for buys?Hello traders, in my previous ideas in GBP/JPY last month, I recommended selling the rallies in each of my ideas. In fact, my first sell entry was at 185.50 level with target at 178(link to the previous idea attached below). So, whoever followed it has made over 700 pips profit. 📌Currently, GBP/JPY is around the 100-day EMA level which might offer some support. 📌Yesterday's daily candlestick already has a long wick at the bottom. 📌If the daily candlestick ends above 180 today, there is a good chance of a resumption of uptrend in GBP/JPY.
by MarcellusLUX