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Gbpjpyanalysis

GBP/JPY at a critical point: Buy/Sell or do nothing?GBP/JPY is at a critical level. In the daily chart, you can see that price is quite overstretched and a correction is necessary. However, in the 4H chart, price has rebounded from the dynamic support in the 168 level. So, it is important to exercise some caution. 168 is the key level. If this level holds, then price may continue to keep going higher. However, if 168 breaks with a strong bearish candle, we can see a fall till 165. My personal recommendation is to wait and watch. I would consider selling if GBPJPY reaches 172 again because that level has been established as a resistance. Initial TP would be at 168
by YourLazyTrader
2
GBPJPY fulfil my last idea, next setup?Gbpjpy is exactly moved according my previous analysis and nicely given us 400+ pips from the zone ( tagged ). Now Market is trading in chanel and I expect market will rise to the resistance trend line before drop. So wait for resistance for more selling, if market hold resistance line and reject from the area you can sell, SL will be very small from there and target is massive. Always trade safe and must use stop loss. If you like this idea kindly appreciate with like button.
Short
by pips-makers
GBP/JPY about to reach key level, what should you do now?GBP/JPY is currently in an uptrend in the 4-hour chart where price is about to reach a key level in the 168.50 zone. At present, I do not recommend taking any trades in GBP/JPY as we have BOE event coming up in the next few hours which will lead to a lot of volatility in GBP pairs. However, if the uptrend line for GBP/JPY is intact and we can see bullish Price action in the 168.50 zone, GBP/JPY can reach 172 again. A break below the uptrend line and especially the 168.50 key level would lead to a further decline towards 163.
by YourLazyTrader
2
GBPJPY: Seller's Opportunity!Fundamental Overview The GBP/JPY pair is nearing its highest point in six months at 172.17 following a break above the consolidation around 171.00 during the Asian session. The Japanese Yen has been affected by the new Bank of Japan Governor Kazuo Ueda's support of an ultra-dovish monetary policy to maintain consistent inflationary pressures above 2%. The BoJ has confirmed unanimously that there will be no alteration to the Yield Curve Control, indicating that an exit from the loose policy is not being considered at this time. Expect this to be a correction before continuing the uptrend Plan trade in the intro ♥
Short
by Sphyn-Trader
2
GbpJpy -> Textbook TradeHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just retested and rejected a quite obvious previous weekly resistance at the 171.000 JPY level. However you can also see that weekly market structure and moving averages are still very bullish, with last week's candle we broke multiple structure levels towards the upside and we are also currently retesting previous resistance which is now turned support so I simply do expect more continuation towards the upside from here. On the daily timeframe you can see the exact same setup, we just recently broke above a major daily resistance level at the 168.5 JPY area which is now turned quite strong support, so I am now just waiting for some more bullish confirmation inside of this zone before I then do expect another daily rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
28