Get started

Gbpjpyforecast

Head and shoulders pattern on GBPJPY/ The fall is more likely!Hello everyone, I see a great sell opportunity on GBPJPY. The pair looks like it is printing a head and shoulders pattern. I am waiting to see if there can be further bearish developments to the downside and take sell opportunity. For best entries it is wise to wait for price to break below the neckline and see if there can be a solid retest of the area. My goal will be 151.400. Please support this idea with likes if you find it helpful. I will be thankful. If you have any thought on this please be kind to share it in the comment section below.
Short
by Forexintelligence_NA
GBPJPYThe British pound continues to sell off in general, but this particular pair is going to be a little bit different due to the fact that the Bank of Japan continues to fight higher interest rates in that country. As long as that is going to be the case, the British pound has at least a chance of staying bullish. However, the Bank of England has stated that they expect a recession, so if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs. Alternately, if we see this market break down below the ¥159 level, it is very likely that we will drop it a couple of hundred pips.
by SmoothJB
GBPJPY | Perspective for the new weekFollowing over 200pips profit during the last week's trading session (see link for reference purposes); it is obvious that the GBPJPY pair has been displaying a back and forth set-up within a tight range of 160 and 164 areas. With the possibility of the incitement of a retracement wave, the possibility of a bullish momentum can not be ignored as the key level at 160 remains a strong level for buy opportunity going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
GBPJPY | New perspectiveWith a bullish momentum on this pair; I am looking forward to taking advantage of a potential counter-trend opportunity in the form of a retracement phase for the Pound with a take profit target at retracement into the golden zone on the daily time frame. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPJPY (30) BREAK AND RETESTHello, currently we are at a strong area of resistance that has been tested previously, in the past. Price has just finished an impulsive move and is now in the corrective stages, and is around strong area of resistance. So wait for your confluences before taking the overall move which is a bullish move. More so, price is near the 23.00% fib level which will always move to -27.00% but always have an extra confluence, like a zone, trendline and read market structure. But you can always take advantage of minor structure moves. Jesus loves you.
Long
by louisemwesigwa
GBPJPY CONSOLIDATION (WEEKLY)Hello, as you can see GJ is near a weekly foundation and whenever price is next to that area we tend to see a lot of consolidation on smaller timeframes, although you can always take advantage of minor structure although I would love to see GJ close off with a Doji candle, at the end of the week. As we are in the corrective stages on the weekly timeframe. Happy trading all the best❤️ Ps: Feel free to connect with me or ask any questions. Jesus Christ loves you and died for you.
by louisemwesigwa
GBPJPYThe British pound broke down significantly last week, reaching down to the ¥160 level. The ¥160 level is an area that is a large, round, psychologically significant figure, and the fact that we bounced from there should not be a huge surprise. The question now is whether or not we can break above that massive shooting star from the previous week? I suspect we cannot, at least not anytime soon. In the short term, I think we are simply going to go back and forth between the ¥160 level on the bottom and the ¥165 level on the top.
by SmoothJB