GJ shortd/4h
bearish trend
bellow 50/20 ema's
broke previous structure.
now I am only looking for a break of structure and s/r zone with a 4h engulfing candle then imma go down to the 1h to look for an entry
Gbpjpyforecast
GBPJPY LONGS 📉📉📉Expecting bullish price action on GJ as we are in a bullish mraket strucutre from a HTF premise, price filled all the bullish imbalances on it's way and right now we should go for the bearish openede imbalances. Price rejected also an important area of a bullish orderblock on the H4 with a clear bullish candle on the H4.
Market Sentiment tells us that retailers are selling this asset meaning we should look only for LONGS, yen weakness incoming.
What do you think ? Comment below..
GbpJpy is approaching my buy zoneA few days ago I said that, in my opinion, GbpJpy can reach 180 in the long run, and my opinion is the same.
As it was normal after the strong shoot up to 168, the pair has corrected and this correction can be a good opportunity for buyers
158-160 zone is strong support at this point and here I will look for opportunities.
That being said, dips under 160 should be bought with a target around 165 and negation under 155
SHORT GBPJPYSHORT GBPJPY at 165.83
TP at 161.76
SL at RH 168.43
GBPJPY is breaking down and collapsing out of the upward channel. I expect to find aggressive sellers here as Cable sells off also.
GL
gbpjpy chart analysis 25th april 2022if gbpjpy breaks and closes below 164.044 zone then might continue going down to the marked zone and gbpjpy respects 164.044 as its support zone then it could continue going up to retest 167.944
GBPJPY seems BullishGBPJPY taking support on its trend line. If H4 candle give its closing above the Doji candles then take buy opportunity on it.
GBPJPY gonna keep drooping to the weekly supportHey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
SHORT GBPJPYSHORT GBPJPY @ 154.60
TP: 149
SL: 158
With the way things are playing out in Russia and Ukraine, a strong risk off mood has entered the markets. I have decided to sell the break of the 61.8% Fibbo in GBPJPY as I believe this will continue to grind lower in the coming days. I will continue to sell rallies in this pair all the way up to 158 lvl (although I don't expect it to go this far if things continue the way they are). If the war subsides and the markets turn to risk on again, I will re evaluate this idea. Stay tuned until then. Adios and Good luck.
Also short AUDUSD, CADJPY, CHFJPY & GBPUSD!
Comment if you want to know more!
Can GbpJpy reach 180? (Long term analysis)For 5 years, between 2016 and 2021, 125 zone provided an impenetrable price for GbpJpy. After a decisive break above 150, the pair has risen to 157. A new range has formed with this high and also this 10 months consolidation has been broken recently to the upside and a continuation to the next important resistance is to be expected.
That being said, corrections to the old resistance should be considered a good opportunity for buying with a target of 180 und negation under 155
GBPJPY RETESTHey, on the 15min chart there is a minor trend line break, before enter For the overall sell, wait for a retest then a drop. Always set your alerts to avoid fake outs and impulsive trading. Currently we are on continuation stage. But have your confirmations before entering as we still in the festive seasons thus a lot of fake outs.
Jesus loves you❤️
GBPJPYThe British pound has rallied again against the Japanese yen, breaking through a major barrier in the form of the ¥165 level. That being said, we are overstretched, so I think this is a situation where you may look for a short-term pullback in order to get involved again. The ¥162.50 level should be supported, just as the ¥160 level will be. That being said, I do not expect that deep of a correction, but it is certainly within the realm of possibility. Keep in mind that as long as the Bank of Japan is looking to find interest rates rising, they will have to continue to keep quantitative easing in play, the main driver of this move.
GBPJPY seems BullishAs we spoke already that Yen is getting weaker against other currencies so in this sense GBPJPY will remain in bullish momentum. Better to look buy opportunity on it.
GBPJPY seem BullishThe market seems more bullish from here. JPY seems too much weak, better to take buy trade on it.
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 240 minute timeframe.
From the Elliott Wave perspective, the price action appears to have completed Wave B of the corrective sequence just beyond the 78.6% Fibonacci retracement level. GBPJPY is currently progressing in Wave C down.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 6 (red vertical line), and is projected to form a bottom on June 13.
Based on this, we can expect prices to push lower from here. The confirmation will come upon a breakout below the lower channel line and is likely to find support when it reaches a 100% Fib extension of Wave A.
If you find this analysis useful, make sure to press the “Like” button and Follow us.
GBPJPY top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 LONGHello Traders, Here i did analysis of GBPJPY all support and resistance draw in chart.
if you found useful my idea.Please appreciate me by like this idea.
GBPJPY - WEEK 15 ANALYSESMonthly bias - short:
Rejection from the monthly sell zone + liquidity run above previous high.
Weekly bias - short:
Previous weekly candle is filling the pin bar wick that we’ve created in week 13. This tells me that we’re almost ready to create the next move downwards.
Week 15 - analyses:
I expect a push up towards the 162.8 area where the .618 fib is located in the beginning of the week. Be cautious for a liquidity run above the previous wick at 162.725 (see red zone).
After the move up I think that we’ll see a strong move down towards 159.9 area since we’re in a Monthly Sell Zone. The next major level of support will be at 159.9, this is where GJ maybe finds some support but since we’ve tested this area multiple times (see red arrows) It may break this level and move further towards 157.5 where we’ll find our next fresh support/buy zone.
GBPJPY ( CONSOLIDATION)Hello, currently we are at a foundation level on the weekly chart as seen above, in the chart which usually indicate consolidation if you are to move to the lower time frames you will see that price has been consolidation. You can always trade within consolidation, although always have enough confluences to place a trade to avoid L's. This means you can take and opportunity of both bulls and bears. But you have to always decide a team which means looking the type of trend you want to hope in.
SIDE NOTE: PRICE ALWAYS MOVES IN THREE WAYS , IMPULSE, CORRECTION AND CONTINUATION.
JESUS LOVES & AND DIED FOR YOU<3
GBPJPY Short AnalysisHey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
GBPJPY Losses Momentum!GBPJPY losses its momentum to go higher highs on the daily timeframe around 162.12 zone area. It will be likely to go downtrend and retest on the support area around 160.993 which will be our first target. Price action confirmation will be validated first before making an entry. #tyor #dyor
