GBPJPY - Should be going up after this retestHi everyone,
I see GBPJPY going UP after this break & retest! What do you guys think?
Gbpjpybuy
GBPJPY Hold Major EMA GBPJPY was one of the best performers this week and surged more than 400 pips on weak yen. The pound sterling regains 1.3200 and markets eye UK retail sales for further direction. Any breach above 1.3300 confirms further bullishness. The intraday trend of GBPJPY is bullish as long as support 159 holds.
GBPJPY LONGBy looking at the price action, its easy to see that the pair has been moving in a bearish direction for serval days. Current price action suggests that we might be in for a short term bullish correction.
We have spotted the formation of an inverse head and shoulder pattern on the Daily chart and when we move to the H4 time frame, this pattern is more clearer. Another reason for our bullish short term
basis is because we have spotted a change in market structure from bearish to bullish as per our key level. We will be looking for an entry on the retest of this key level. The target for this trade is around
high of the previous month. The risk reward for this trade currently stands at 7.87 to 1. We plan to hold until target or close manually as per our trading plan rules.
GBP/JPY Finally Closed Above Our Res,Long Setups To Get 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY BuyGBPJPY buy from around 155, 3rd bounce off the trend line, 38% fib level, 155 psychological level, previous high
GBPJPY hrly long | algo trading GBPJPY hrly long
⚠️ GBP news, half risk
buystop @ 154.848
TP #1 @ 155.030 72.73% wr
TP #2@ @ 155.485 50.91% wr
SL @ swing low 154.063 23.64% hr
GBPJPY 4hr long | algorthim tradinggbpjpy 4hr long
buystop @ 152.536
TP #1 @ 153.603 73.33% wr
TP #2 @ 154.586 42.22% wr
SL @ swing low 150.945 13.33% hr
WR & HR determined from past trades on this pair & Timeframe.
More trades like this on my profile and on Bifrost Trades.
GBPJPYHello traders. I expect the price to complete the 5 motivational wave and go at least to its previous level. Are you agree?
GBPJPY SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price is going for the trendline liquidity after taking out stops above weekly high and made a failure swing high.
What do you think ? Comment below..
GBPJPYSHORTS 📉📉📉📉 Expecting bearish price action on GJ as price takes out weekly high liquidity above 155 institutional figure, we have a bearish h4 closure and JPYINDEX looks bullish meaning JPY to the upside so downside on GJ, targets are right into weekly low.
What do you think ? Comment below..
GBPJPYConsidering the price crossing the 61.8% Fibonacci level, I expect the price to go to the 78.6% level
GBPJPY consolidation breakdownNot seeing any obvious areas apart from that major resistance and major support that i pointed out. So ill look at taking positions from those areas if price can show the right signs, for now ill be sitting on my hands and waiting with this pair unless we start to shape some obvious intraday setups.
GBPJPY Buy the break of yesterday high.GBPJPY - Intraday - We look to Buy a break of 154.76 (stop at 154.42)
A break of yesterdays high would confirm bullish momentum.
50 4hour EMA is at 154.70.
The previous swing high is located at 154.75.
Our profit targets will be 155.65 and 155.85
Resistance: 154.00 / 154.40 / 154.75
Support: 153.90 / 153.60 / 153.40
GBPJPYHello traders. With the price reaching the level of 50% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
GBPJPY-BUY strategyFor those willing to adventure, I feel we may have a good buy strategy now, bearing in mind we are in an overall down trend of the pair.
The current cloud support 153.60 acts as our stop-loss area (below that of course), and the stochastic seems positive now, and may ignite a pullback. Again it is a slight adventure, because we don't have full confirmations, but I feel we may risk a small loss for a profit target of 155.27.
GBPJPYHello traders. Due to the failure of the trend line, the price is expected to decrease by 80 pips in the first target and 130 pips in the second target. Be profitable
GbpJpy- Strongly bullish structure for 3k pips gainOn Friday I called for a break of support and, in the end, this break proved to be a false one and I closed my sell trade on break even.
As always, when I'm in doubt, I look at the longer TF, and here things are pretty clear, with GbpJpy in a visible uptrend since March 2020.
Also, the 2020 "pandemic low" and 2016 low have formed a nice double bottom on our weekly chart (very clear in monthly also).
At this moment the pair is consolidating exactly in the neckline resistance and considering the 6 months of consolidation the break should be very violent.
If this break will happen to the upside the next target is around 180 and the measured target of the double bottom is near 200, level confluent with a previous high.
Note: This is a very long-term outlook so don't expect 180 in 2-3 weeks
GBPJPY 3D Analysis 03/03/2021the price has broken the Top Boundary of the Ascending Channel and can continue its rally up to the provided TPs
as we can see the price has confirmed its rally by touching Fibonacci projection extension level 161.8% so we can target the 261.8% of the same Fibonacci projection level
GBPJPYPrice is bullish..waiting for small retracement on lower TF before we climb up..trade saafe and be Blessed..
GBPJPY buy trade updates!Hopefully a few of you buys jumped on this one but I've been in holiday mode so have been missing all the action. Ill be now waiting for a retracement then marking on some levels for further buy trades.
GBPJPY long term buy trades!Once again looking for longs out of the support of 149.500, Ill be very patient as price starts to slow down for Christmas but I am really interested on some more long term buys start of January.
GBPJPY buy UPDATESPrice starting to make nice moves to the upside finally, I will be taking profit very soon probably around 152.000 and hold the rest at risk free.
