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Gbpjpyanalysis

GBPJPY BUYThis Analysis is very Simple to understand, breaking it down educationally, on the HTF we are Currently on a Strong Support zone, which is also giving us a good price confluence about GJ showing that we are on A buy Side or on a Bullish Side, so breaking down to D1 and 4HR TF, price created a reversal Pattern W creating HH & HL so then breaking down to the 30m and 15m TF we have a trend line breakout and we are on a retest level, we would buy only When price gets to our entry LvL so let’s wait patiently. This is my Idea on GJ this coming week thanks, and follow me for more Analysis.
Long
by GoCrazyfx0
Bullish GJ going into Sunday/Monday Price looks to be setting up a good 5 wave move. Currently price looks to be in corrective wave two. Come sunday if price can push past the zero lvl of the fib we can be in motive wave 3. Another confluence is within corrective wave 2 there is a sub 5 wave and a abc corrective. With a 50% retracement of 350 pips. The extension or motive 3 is right on par with the move. This is only valid if price can push past the zero lvl. Be prepared for price to also keep digging into the fib maybe to the 682 lvl or even 786 lvl.
Long
by Stinkjimjim7
GBPJPY Bank collapse draining GJ Currency Pair : GBPJPY Possible direction : Bearish Technical Analysis : GBPJPY has broken out of the daily support zone and currently on a pull back on the lower timeframe. Price currently gathering liquidity on the intraday by making multiple false breakout and slowly breaking down to create a new lower low. It is highly likely price will continue to drop to monthly support level. Fundamental : Silicon Valley Bank collapsed has given strong boost in Jpy making GBPJPY weaker. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
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 156.77. Also, according to the GBPJPY STRUCTURE, it can move up to the 162.14 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
Multiple timeframesOn the daily timeframe the market is within prices 165.990 and 155.325. The market pushed to the upside in a corrective manner and got rejected by the daily order block. As we go to the 4h timeframe there’s this head and shoulders pattern formation and price managed to complete the pattern after a long horizontal channel with little momentum. After the completion price abruptly went bearish and respected the 4h demand zone. Price currently at 50% o this channel… Based on the daily and 4h timeframes we have the impression that GBPJPY is bound to go bearish. The current price is heading to the breaker block, therefore we expect an impulsive drop immediately after the market violates the breaker block. In this scenario the target is 159.737 which is the order block and the ascending bottom of this channel…
by tokelohomi