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Gbpjpyanalysis

Two key areasThe previous structure got broken and a new fractal high was created, price then dropped to the breaker level and made a pullback to the supply zone. The demand zone led to a massive drop which changed the character, a doji candlestick emerged to, aggressively went bullish and created inefficiency. The market price is currently within a rejection zone, if this zone gets invalidated then we monitor how price reacts to the internal liquidity pool and order block respectively, the idea is to go bearish and fill the imbalance…
by tokelohomi
GBPJPY SHORTCurrently, the GBP/JPY index is experiencing a decline. This index represents the ratio of the British pound (GBP) to one of the Japanese currencies (JPY) and is known as one of the most volatile indices in the forex market. The reasons that may cause a decline in this index can be economic, political, and global factors. For example, changes in interest rates, economic sanctions, changes in government policies, and changes in global market conditions can be influential. If the GBP/JPY index is currently declining, it is probably due to investors' efforts to purchase Japanese currency to hedge market volatility risks. Additionally, an increase in interest rates by the Bank of Japan and economic sanctions on some countries can lead to a decrease in the value of the GBP. Finally, to see the exact effects of events on the GBP/JPY index, you should pay attention to forex market technical analysis and related news. However, generally, a decline in the GBP/JPY index indicates concern and instability in the market and can be challenging for investors.
Short
by hyfx
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 172.50. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 164.05 SUPPORT LEVEL to the RESISTANCE LEVEL. 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
Selling $GBPJPY here - adding another sell order Trade type AAA Reasons for taking this trade: - We had weekly supply zone. - There is internal liquidity waiting to be cleared. - 30 mins candlestick has closed bearish engulfing. - We hit 30mins supply hence we got our reversal accumulation. My previous idea is still in profit Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Short
by Sherman_Trades
GBPJPY Trading Plan - 16/Apr/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
GBP/JPY about to reach Resistance level, should you sell?After hitting the dynamic support level last week, GBP/JPY has rallied quite strongly. Price is currently just below the resistance level and looking at the momentum, it seems GBP/JPY has a high probability to reach the resistance level that I have highlighted in my chart. Traders should adopt a "wait and watch" approach for now and see the price action at the resistance level. If we see some bearish price action with rejection candles at the 166.40 level, traders can consider selling. Probable Trade Signal Sell GBPJPY@166.40 Stop Loss(SL): 167 Take Profit(TP): 163.51 The above signal will be valid only if bearish price action forms at the mentioned resistance level
Short
by YourLazyTrader
2
GBPJPY daily rejection at 164.68 since Dec 2022Looking at the price chart, we can see price has done a Change of Character, and it is currently pulling back so it can go for a Break of Structure. I am anticipating the reversal of the pullback at 164.50 - 164.74 region because :- i. We have an Order Block yet to be mitigated in that region. ii. We have 50% Fib Retracement level of wave A at 164.60 iii. We have a Trendline Liquidity around that region iv. Looking at the upward correction from 162.78, it resembles a Flag v. Looking at the Daily chart, I observed that we don't have any candle close above 164.68 since December 21, 2022, which I refer to as a Resistance/Supply zone. In summary, we have a small buying opportunity from 163.80 - 164.65 but I would recommend looking for selling opportunities instead because no candle had closed above 164.68 yet on the daily TF this year and I don't think it would be happening yet due to the confluences of selling signals we have. I would love to hear your thoughts 🤔, feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Short
by owlswift_fx