GBPJPY Next Possible MovePair : GBPJPY ( British Pound / Japanese Yen )
Description :
Rising Wedge as an Correction in Long Time Frame
Impulse Correction
HH - HL
Divergence
Break of Structure
Bullish Channel in Short Time Frame
Gbpjpyforecast
GBPJPY Bullish momentum fading, watch out for sell opportunitiesThe bullish momentum in GBP/JPY is fading. From the chart, you can see that the
price action in the highlighted zone is quite bearish as we have multiple bearish daily candles.
So, I would recommend traders to keep an eye on potential sell entries between 174.40-175
with SL above the zone and TP at 167.45
GBPJPY: Can't get better than thatGreetings Fellow Traders:
We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance...
It did hold pretty well...
But wow factor is that we mentioned 172.87 as our Target 🎯
And rest you can see by yourself
Congratulations to those who took benefit out of this analysis
GBPJPY 2June2023Price is currently at the fibo extension of 0.618, coinciding with a possible reversal on H4. I am more inclined to sell as long as price remains inside the blue box, with a small SL placement and TP distance.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY BUYHello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GBPJPY LONGContinuous push to the upside this coming , so far the weekly is look pretty good so sit tight and enjoy the ride.
GBPJPY- Time for the Reversal!-GBPJPY have created HH and currently rejected from there, however, the trend has not yet confirmed.
-If DXY remain bearish in this week, it will help the JPY to bounce back strongly, meaning GJ to drop further.
-Entry is only valid if it break the structure and retest at our area of entry or else avoid entering.
#GBPJPY- SELL AT THIS ZONE TO CATCH BIG MOVEHey Everyone, hope you are doing great, GBPJPY expected to drop more this week, let's not miss out on this great opportunity.
Like And share and as always thank you for your continuous support means a lot!
GBPJPY: best entry?GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.
GBPJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY SELLit seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
GBPJPY ShortShort From: 172.517
Stop level : 172.659
TP 171.612
Dear Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
GbpJpy- Sell on confirmationSince the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172.
However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168.
At this moment GbpJpy is trading near resistance and is in a consolidation.
Short-term support lies at 171.50 and a break under this support could lead to further losses and towards to lower boundary of the range.
Aggressive traders could use this break as a signal for opening short trades, keeping in mind that they trade against the trend.
Sell GBP/JPY from the resistance level + double top?GBP/JPY has pulled back from the resistance level. Along with this, we also have the formation
of a bearish candlestick in the resistance level thus leading to a potential double top.
So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50
levels as long as the resistance level stays unbreached.
My recommendation is to sell the rallies in GBP/JPY with SL above 172.40 and TP at 168.
Sweep to sweepPrice ultimately made a liquidity sweep after a long bullish market, this sweep also created a supply zone. The liquidity wipe out massively declined and mitigated the immediate demand region, we’re in a bearish market. Anticipating the market to give us a much clearer entry by providing a minor pullback to the supply zone which perfectly resonates with the 30m order block. Should things turn out in favour of this analysis, then we’re good to go bearish to level 170.354…
GBPJPY Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel
Impulse Correction
Completed " 1234 " Impulsive Wave
RSI - Divergence
Break of Structure
Symmetrical Triangle in STF with the Breakout of the Upper Trend Line
20 Reason for sell GBPJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum.
2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment.
3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling.
4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
Price Structure: The overall structure is bullish, with the swing almost completed.
Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal.
Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure.
Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum.
Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility.
Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength.
Sentiment ROC: Check the rate of change for further insights.
✔️ Entry Time Frame: H1
12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes.
Entry Move: Look for a corrective move before entering.
Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes.
FIB or Trendline: The trigger event has already occurred, and the trendline has been broken.
☑️ Final Comments: Sell position is recommended at this point.
16. 💡Decision: Sell
🚀Entry: 171.693
✋Stop Loss: 172.521
🎯Take Profit: 165.373
😊Risk-to-Reward Ratio: 1 to 7
🕛 Expected Duration: 30 days
GbpJpy -> Perfect Market BehaviourHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy is currently retesting a quite obvious previous weekly resistance area at the 172 JPY level which is now turned resistance again.
You can also see that as we are speaking, GbpJpy is creating bullish weekly market structure, moving averages are also quite bullish on the weekly timeframe so I am now just waiting for a clear break above the zone, followed by a retest and then I do expect more continuation towards the upside.
On the daily timeframe you can see that GbpJpy already rejected the previous resistance area a first time towards the downside, now we are retesting the zone again and there is a higher chance that GbpJpy will break the zone and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GBPJPY: shorted!Technical Overview
The GBP/JPY currency pair showed a bullish-harami candlestick pattern on Friday, which resulted in consecutive positive gains. This pattern was further confirmed by Monday's price action. The pair initially reached a low of 168.86 but quickly rebounded and surged towards 170.49. Currently, the GBP/JPY is trading at 170.47 as of writing.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPYsince gbpkpy os forming a lowerhigh on my bigger time frame and this high is holding ill be looking for a sell at this level just waiting on bearish confitmation on the 15 min and the 1hr just for a little bit more conviction make sure you keep eyes on this and most likely other yen pairs im looking for yen strength today as long as thes highs hold
