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Gbpjpyforecast

GBPJPY - Look for Continuation Long (SWING) 1:4!GBPJPY did not show any signs of turning bearish. The price failed to create a new lower low on the higher time frame, and there are no signs of a reversal chart pattern, indicating that the volume of buyers is still strong, with the potential to push the price higher and create another all-time high. The price reacted strongly at the Fibonacci retracement golden zone, suggesting an opportunity to go long. Regardless of the situation, protect your capital and manage your risk. Remember, trading is a marathon, not a sprint. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
7
GBPJPY ( SHORT ) ( 4H )GBPJPY HELLO TRADERS Tendency under bearish pressure after the price stabilizing below resistance trendline TURNING LEVEL : a blue line between resistance and support level around 206.513 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level , then if the price breaking order block active bearish zone RESISTANCE LEVEL : there is a green line around 207.248 , indicates selling have already increase this level , so if the price breaking turning level reach this target SUPPORT LEVEL : there is a red line below turning level around 205.141, indicates buying have already increase this level , so if the price stabilizing turning level reach this targets PRICE MOVEMENT : maybe first the price will trying to rising turning level around 206.513 , after dropping to the support level around 205.141 , then stable below this level reach 204.077,if the price breaking turning level reach a new resistance level at 207.248 TARGET LEVEL : RESISTANCE LEVEL : 1.281 , 1.285 SUPPORT LEVEL : 1.268 , 1.264
Short
by ArinaKarayi
1
#GBPJPY: 1500+ Pips Upcoming Bullish Trend| GBPJPY| Setupsfx_| Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly after creating a record high created AB=CD PATTERN. Now we expect price to continue the bullish run upwards 205 area and beyond. The perfect entry will be on Monday London session. Use marked blue lines as entry and stop loss points. Good luck and trade safe.
Long
by Setupsfx_
20
GBPJPY Technical Analysis and Trade Idea - Trading A Breakout👉🔍 In this video, we take an in-depth look at the GBPJPY currency pair. You'll notice that it is clearly range-bound on the 15m through the Asian session. We explore the possibility of a breakout at the highof the range and focus on how to capitalize on this during the London Open when a potential break of the 5-minute timeframe Asian range occurs. Additionally, we cover essential topics such as trend analysis, market structure, price action, and other key aspects of technical analysis. Please remember, this video is for educational purposes only and does not constitute financial advice. 📊✅
Long
by fxtraderanthony
The yen fell to near its lowest level in 38 yearsThe Yen has fallen to extra than one hundred sixty Yen consistent with USD, elevating worries that Japanese government will interfere once more to include this scenario. Reuters suggested that on June 27, the Yen fell to extra than one hundred sixty Yen consistent with USD, close to its lowest degree in 38 years. The Yen has fallen approximately 2% at the month and 12% at the yr towards the USD. According to Xinhua, at one factor in the course of the day, the USD turned into buying and selling at one hundred sixty.05 yen, marking the bottom degree when you consider that April 29. Recently, the Japanese Government has signaled the opportunity of suitable intervention to reply to immoderate volatility. Previously, for the reason that cease of April, the Japanese Government spent 9,790 billion Yen (approximately extra than 60 billion USD) to push the Yen up 5% from its lowest degree in 34 years. Analysts say that even though the danger of intervention has increased, the Japanese Government can be looking ahead to the United States private intake expenditure (PCE) statistics file earlier than getting into the marketplace. “Exchange prices and the charge of decline are each essential elements for the Ministry of Finance to recollect intervening,” stated Boris Kovacevic, international macro strategist at international bills enterprise Convera in Austria. the Forex market marketplace. However, reducing volatility withinside the alternatives marketplace suggests that the current boom has now no longer met the Ministry of Finance`s criteria. Policymakers may also await the PCE file earlier than creating a very last choice earlier than the cease of the week." In a scenario in which the Yen is devalued, families in Japan are nonetheless suffering with each day residing costs. This scenario is basically because of the weaker Yen, making imported items extra expensive. The Japanese authorities is seeking to take extra measures to lessen inflation.
Long
by TheLeader_WOLF
GBPJPY: 3 Months Overview A Big Dump Coming Up! Dear Traders, After looking at the bigger timeframe in this case we used 3 months timeframe, we have identified similar pattern that occurred in market in last few years. If we see, we can continue to see growth in price towards 219 to 222. These two areas remain crucial for swing sellers where we can see price dropping heavily. Please use this analysis, as a overview and future of the pair. Do not solely use this analysis as our other normal chart analysis. Team Setupsfx_
by Setupsfx_
19
GBPJPY Technical Analysis and Trade Idea👉 Examining the GBPJPY on the daily timeframe, we can see it’s in a bullish trend. It has reached a key resistance level, and while I’m interested in going long, I won't do so at the current level. Just below the current trading level, there’s a bullish imbalance on the 30m timeframe along with a bullish order bock. I prefer waiting for a retracement to the 50-61.8% Fibonacci level that happens to coincide with these levels for an ideal entry. In the video, we discuss the trend, market structure, price action, and other important aspects of technical analysis. Please note, the video is for educational purposes only and not financial advice. 📊✅
Long
by fxtraderanthony
2
GBPJPY ANALYSIS [W/B 10/06/24]GJ has been interesting to me the last few weeks. It has a dilemma that it is going through. As seen within the POI, there is plenty of imbalance which could force price downwards, with confluences such as structural breakdown and imbalances left over downwards in the demand area - however price has - within the last significant periods - been trading upwards. I agree that if the upper zone of this POI is broken - we could well see a very lengthy and strong bullish run - especially as on the weekly chart there was a lot of imbalance left over. If we see structural breakdown to the downside I am expecting any of the drawn out TP's to be taken.
Short
by saintprincevvs
1
GBPJPY: 1000+ Pips Selling Opportunity! What's yours views on itOur previous analysis on GBPJPY has rejected at the top and dropped 300+ pips, however, price jumped back to the initial entry and in our view we think price is just came back to test the liquidity. We still expect a strong bearish move to dominant in coming days. Expecting a strong bullish move on Yen, however the USD data can conflict our views. **If you like our ideas then please do like and comment the idea, which will encourage us to bring more educational chart analysis** Team SetupsFx_
Short
by Setupsfx_
11
GBPJPY is at decision point--------------GBPJPY EITHER WAY-------------- This pair is at decision point at the moment. There are two scenarios, both have 50% change. Now the best thing one can do is to watch the next couple of hours (NFP can be a trigger) how this course will behave. I am waiting for the short opportunity but there is a massive bull trend, so this bullish sentiment can prevail. The best asset a trader can have is patience. This is where most of the traders fail and it is even harder when you are in profit. Take care and trade well! This is not a financial advice, do your own analysis and research.
by Szuperpotyka
GBPJPY I Potential intraday buy from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
SHORT GBP/JPY from 199.70The high of 200.55 back on 24th April saw a deeep and rapid decline in GBP/JPY. I SHORTED this pair at 200.18 at the end of May and exited when the price started to head north. I SHORTED again after when the price returned to the 200 level and exited for 80+ pips when the price hit the 200 EMA on H1. 2 candles ago GBP/JPY BULLS pushed the price back above the 200 and the last H1 candle was a wide doji indecison candle as was the last H4 candle. It cannot be ruled out that GBP/JPY BULLS wont push the price higher from these levels, the signs are that any move higher presents an opportunity to SELL. The H1 Andean OScillator is signalling SELL on H1. The last 4 H1 candles have closed near the 200 EMA. The RSI is heading south on H1. The MACD is signalling SHORT on H1 and is moving under zero. It has to be remembered that all JPY pairs are in an uptrend. GBP/JPY has been heading north since August 2020 so this pullback is just that - a pullback to lower ground. How deep is the question. Previously we've seen GBP/JPY pull back to the 50 EMA on D1 which comes in at 196.00 are so its well possible that this level could be reached but news over the next few days will impact direction. Today we have Final Manufacturing PMI and ISM Manufacturing PMI out of the US. Its unclear how much this pair will be impacted on the print so tighten stops just to be safe.
Short
by forextraplaces
GBPJPY: Possible Start Of Bearish Move? Read To KnowDear Traders, GBPJPY from our previous chart analysis on gbpjpy, the price moved as we hoped for, however, after looking at the recent market behaviour, we realised that JPY Pairs will start turn bearish. JPY is currently retesting a very key level where we can see a vast amount of interested coming in from whales to pump the currency, even BOJ is likely to intervene as if JPY drops further it will likely to cause economic instability within the county of Japan. **If you like our work please like , comment and follow us which will encourage us to bring you more ideas**
Short
by Setupsfx_
38