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Gbpjpyidea

GBPJPY possible sell & buy zone!GBPJPY (4h) had a strong liquidity grab on the last day of the last trading week giving us a possible pathway to buy and sell. As the weekly close, our price has formed a weekly doji just above a weekly resistance zone. From a daily perspective, we see GBPJPY has also grabbed liquidity from the support zone creating a lower high on the daily. From the 4H perspective, we could potentially see a retest of the previous resistance zone @ around 168.31. Upon rejection, we may see GBPJPY drop to the support zone @165.766, which is also daily support. A possible bounce from this level is expected to create a long-term upward channel. Therefore, upon price action confirmation, we could find bullish and bearish trade as sketched in the chart. Smash that like button if you find value in the analysis.
Long
by ForexWizard01
GBPJPY SHORT WITH 2 CONFLUCENCES List of confluences: 1: Trendline Breakout 2:Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to short/ sell the pair. The trendline breakout on the daily chart signals the end of a bear market rally. This is followed by the breakout of a key level which has been holding for about 3 months since June 2022. With that being said we might see an aggressive sell of GBPJPY.
Short
by NDOBObanks
1
GBPJPY Buy Signal With Price ActionCheck out the technical analysis-based trade plan for the GBPJPY today. On the 4h to D1 period, the GBPJPY has produced a trend breakthrough, and we are now getting near to major support. We must therefore determine whether the prices for the GBPJPY pair will break through the support or rebound back to the recently formed highs. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by FTSCHART
GJ shortMonthly; bullish trend Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing. On the 4h; there is a spinning top candle followed with a bearish engulfing My confluences for a trade; 4h Breaking previous HL Below emas A heavy bearish momentum breaking the S/R zone The monthly/weekly long wick candles indicating loss of bullish momentum and a high probability of price reversing.
Short
by Ily14
2