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Gbpjpyanalysis

GBPJPY Trade SETUP H4GBP/JPY closed at 182.66. Regarding its resistance, the first resistance area is around 182.90. If it breaks, GBP/JPY may reach 183.33. You can consider selling GBP/JPY if a candle rejects the resistance area. As for support, the first support level is at 181.88, and there is an upper trendline formed as well. If that trendline breaks, GBP/JPY could drop to 180.47. Therefore, it is important to keep an eye on these levels. I hope your trades will be successful and profitable, by the will of Allah. Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
by ShaaniReal
1
GBP/JPY finally showing bearish signs, time to fall 270 Pips?Dear traders, GBP/JPY is finally showing some bearish signs on the 1Hour chart after a huge bullish rally. So, there could be some short-term pullback in GBP/JPY. In the 1 hour chart, the price is very overextended from the hourly moving average. So, there could be a pullback to 178.80 level. If price continues to struggle at the resistance level highlighted in my chart, traders can consider selling GBP/JPY@181.80-182.10 with SL above resistance and TP at 178.80.
by YourLazyTrader
10
GBPJPY Trading Guide. Selling is not yet started.Note : small traders should trade with money management as the pair is highly volatile. Level to take trades for small trading account holders Sell 182.150 Tp 181.750 Sell 187.5 Tp 187.0 Sell 190 hold for long 178. Fundamental Analysis When everyone is selling GBPJPY, then who is buying it and why it's going up and up without stopping ??? The answer is very simple. Big Investors and traders with technical + fundamental knowledge are not buying JPY. whenever GBP breaks resistance, retest it and start moving up. Simply buy GBPJPY. because JPY is not offering anything to investors then why investors buy JPY ???. Now you get my point. Now we will do some technical analysis. Technical analysis Technically the pair is showing overbought sign do expect some correction from 181.8 to 182.350, you can sell pair in this range and hold 50 pips or 500 points easily. but I am expecting bullish rally to 190 & 195 areas To be tested easily in a month or 2 month may be earlier. There we will sell from 190 and our target will be 178. I have mentioned these in the chart also. As Daily chart is bullish but showing highly overbought sign so at 190 psychological mark expect aggressive selling of the pair. Moreover, Bank of Japan is preparing to Intervene in the Market, so when the intervene will start ??? Bank of Japan is watching USDJPY levels so therefore when USDJPY reaches 150 then they will decide a meeting to intervene again. Apart from that retailers will also plan to wait at 150-152 area and avoid buying here. So when USDJPY reaches 150 psychological mark, expect BOJ intervene in FX market. As GBP is also going up without any Reason, therefore GBP will likely to fall heavy against all pairs.
Short
by AhsanTufail