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Gbpjpyanalysis

#GBPJPY- PRICE HEADING TO MAKE YEARLY HIGH 2023HEY EVERYONE, GBPJPY has been bullish since last week sells off where price touched down the discounted price zone where it rejected and currently heading towards to make yearly high. It is possible due to GBP; continues to shows strong bullish momentum and where JPY is tumbling and showing no size of bullish behaviour. Last week selling has been recovered and indicating price dropped for a specific reason most of the selling position would have been wiped off and now retails trader will continue to jump in the market with sell orders. For us it would be wiser to wait for the price to come to our zone where we can sell for long shot. Two opportunities are here, firstly is obviously the buying opportunity until it reaches our selling zone where we can sell for big bearish impulse.
Short
by Setupsfx_
20
GBPJPY Reversal PointGBPJPY is probably running its last bullish uptrend before a bearish turn to 156 region. Overall I am still bearish biased on GBPJPY but this is a possible bullish setup which I think has a high probability of occurrence. We have the red 4hr trendline which has been serving as a resistance by pushing GBPJPY downwards, since February 23, 2023 and price is currently trading near it at the moment. I am of the opinion the trendline would hold today and GBPJPY would get rejected again but this is a 15mins TF analysis, and there's a possibility price touches 162.60 from the purple colored zone before the rejection to the downside happens. Feel free to leave a comment. Please like and follow me for more updates
by owlswift_fx
20 Reasons For Sell GBPJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1: ✨Eagle eye: Extremely Bear, But Current Move is lower high 2: 📆Monthly: Clear bull trend at monthly 3: 📅Weekly: A strong Order block at the previous top after its price goes higher low, low trend confirmed at weekly 4 🕛Daily: A clean intra-bear trend and inner structure make a choch, so officially at daily tf right now, bearish 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: change in Guard correction 7: 3 Volume: High volumes on bearish candles good for the bear 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways 9: 5 Volatility measure Bollinger bands: Squeeze 10: 6 Strength ADX: Bears are gaining strength 11: 7 Sentiment ROC: JPY is much stronger than GBP, ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bigger structure is extremely bearish 13: entry move: waiting for an impulse move 14: Support resistance base: premium OB 15: FIB: waiting ☑️ final comments: sell At 5 min choch 16: 💡decision: sell 17: 🚀Entry: waiting for confirmation 18: ✋Stop losel:162 19: 🎯Take profit: 151 20: 😊Risk to reward Ratio: 1:7 🕛 Excepted Duration: 20 days
Short
by Optimum369
GBPJPY Trading Plan - 26/Mar/2023Hello Traders, Hope you all are doing good!! I expect GJ to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
Sell side imbalancePrice violated and respected the sell side imbalance which created this fractal high. The fractal high led to this long bearish move targeting the low to make a liquidity wipe out. The market dropped and made a slight pullback to the breaker before the impulsive move to the downside. Immediately violating the liquidity pool, loss of bearish momentum occurred due to the doji candlestick, then price started pushing up instantly after the sweep. From this current data, price is being rejected by the order block, then a pullback to the imbalance below 159.178 is expected, buyers should be activated targeting 160.784 and breaking the level to the ultimate tp…
by tokelohomi
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 159.78. Also, according to the GBPJPY STRUCTURE, it can move up to the 167.38 RESISTANCE LEVEL before SELL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall