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Gbpjpyidea

GBPJPY: Things need to notice!The break of 182.51 resistance affirmed the case that corrective pattern from 183.99 has completed with three waves down to 176.29. Intraday bias stays on the upside for retesting 183.99. Decisive break there will resume larger up trend. On the downside, below 180.85 minor support will turn intraday bias neutral first. Also, outlook will stay bullish as long as 38.2% retracement of 155.33 to 183.99 at 173.04 holds, in case of another dip.
Short
by Sphyn-Trader
6
Gbp Jpy Short GBP/JPY is experiencing a bearish pullback within the 183.030 - 183.183 - 183.420 range, signaling a potential decline in the pair. Traders should closely monitor the following technical and fundamental factors to capitalize on this short trading opportunity. Technical Analysis: Bearish Pullback: The recent price action shows a bearish pullback from the 183.420 resistance level, suggesting a potential shift in market sentiment and an opportunity for short positions. Retesting Support: The pair is retesting the 183.030 support level, which has previously acted as a significant barrier. A decisive break below this level could trigger further selling pressure. Fundamental Analysis: GBP Weakness: The British Pound is facing challenges due to ongoing uncertainties surrounding Brexit and the UK's economic recovery. Geopolitical concerns and global market sentiment also contribute to the overall weakness of the GBP. Risk Aversion: The Japanese Yen tends to appreciate during periods of market volatility and risk aversion. As investors seek safe-haven assets, demand for the JPY may increase, putting pressure on GBP/JPY. Risk Management: To manage risks effectively: Stop Loss: Traders should consider placing a stop-loss order above the recent swing high near 183.420 to protect against potential bullish reversals. Target Price: Profit-taking targets may be set around the 183.030 support level or lower, depending on the trader's risk tolerance and market conditions. Conclusion: The bearish pullback in GBP/JPY within the 183.030 - 183.183 - 183.420 range presents an attractive short trading opportunity. However, traders should exercise caution and adhere to strict risk management principles. Monitoring price action closely and staying informed about any significant developments that could impact the pair's direction are vital for making informed trading decisions. As with any trade, unexpected events and shifts in market sentiment should be considered, and positions may need to be adjusted accordingly.
Short
by realtrademaster
Update on GBPJPY DIRECTION(Bull)Hello Traders in the previous week our ideas on the GJ pair has been awesome and accurate We have predicted the direction of the pair for months now and our ideas rate is 89% correct. We continues to share our idea on the pair movement showing the direction its going. We still believe the pair remains in the Bull run, the pair broke out a key area on the last trading day of past week and did a minor pullback, but we wait to see a little bit pullback again before to gather momentum for the bull run, our first Bull target was hit last week at 182.23 and we look forward to see the rest being achieved. We keep our plan to buy the pair from dip and will take advantage of the selling opportunities available, as the pair trades around an area of value in the 4HR timeframe mitigating the gap and pushing to reach a higher high for the bull. The pair has form a double bottom pattern indicating a Bullish move after trading in side ways for the past few days last week until the breakout occurred. Bullish Target; 182.23 DONE, 183.24, 183.799, 184.4, 186.3 188.2 Bearish Target; 180.7, 180.3, 179.5, 177.6 Dont forget to hit the like, share, comment, and follow bottom. #Vimhype
Long
by Vimhype
GBPJPY LONG TERM TRADING IDEAHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
GBPJPY Analysislooking at the existing market structure, the market may form a-b-c correction pattern with the possibility that wave B will approach the SnD area before falling again. if you look at the fibo retracement area, there is an SnD area that intersects with the fibo area with pretty good accuracy at notation 2.618. areas like this usually in the future will be responded positively by the price. This analysis is valid as long as the price does not rise more than the invalid area.
by Hokusai_FX
2