Gbpjpyforecast
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
GBPJPY bullish trend a minor sell-off.GBPJPY has halted its four days of a bullish trend and showed a minor sell-off.
Technicals:
On the lower side, immediate support is around 161.40,
The minor resistance to be watched is around 162.30, a break above that level confirms intraday bullishness, and a jump to 164 is possible.
buy on 161
SL 160
TP of 164
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 (1HR) BREAK AND RETEST.Hey, I would love to see GJ move up to that yellow trendline create a Higher High, that the previous highs and break the trend line then fall to 158.... I made this basis solely on structure, as the market moves in three moves , impulse, correction and continuation. Wait to place sell orders if you are trading the overall(MAJOR STRUCTURE) move until it hits the trend line and drops. But you can always take advantage of minor structure moves, but make sure you have enough confluences before placing in a trade. OVERALL PICTURE IS A SELL SET UP
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GBPJPY LONGI see GBPJPY going to retest resistance @ 165 and if it breaks then is all the way up. My goal is for the price to go bullish again and price to settle just above the resistance @ 165.5
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I am going long GBPJPY
My open position
ENTRY: @ 162.1
TP: @ 165.2
SL: @ 161.1
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Please use small lots if you gonna trade on this idea.
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Please like, comment and share if you like my idea.
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GBPJPY is Bullish, But we expect bearish retracement Till 158.GBPJPY is Bullish, But we expect bearish retracement Till 158.000
Price break the Level 158.000 and Go till 164.000, Now we expect the retracement or retest of 158. It would be a good trade option to sell till 158.
Please manage your risk. price may go into the opposite direction.
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure
NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
GBPJPY reversal incoming! But buys are still strong. Be carefulThere is a box in the chart which are looking to make or break on the upcoming price of this pair. The room for reversal are big on Daily Chart but not that big on 4H chart, so be careful. A good selling opportunity if it breaks but the buyers are strong as well at the moment. NFA!
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 correctionhello, GJ has been in an impulse move and now its doing a correction after do a correction and then test to 161. Right now on fib level we are on 61.8% on HTF means reversal and we also have a wick which shows price exhaustion. While for structure its showing a sell although you have to keep in-mind the overall trend which a bullish trend. More so, I can see divergence on the daily chart but sometimes divergence can tend to take long to act out. Wicks always show exhaustion so pay attention to them Kindly make sure you have all your confluences in-line.
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GBPJPY Swing Bearish Setup !!The GBP-JPY is trading in a rising channel
And the husband rises to re-test
The channel's ascending resistance line
We expect a bearish pullback, but because this pair is in an uptrend
The trade will be in the opposite direction of the first
We will have to wait for confirmation of the formation of a bearish pattern to confirm selling to target areas below at 156.000