Gbpjpylong
GBPJPY Possible Scenario on H1 time frameGBPJPY Major trend is bullish minor also bullish,
Clean and Clear buy Setup on H1 time frame.
wait for this Setup don't rush to this setup.
GbpJpy long position analysis We're in a pull back of a bullish trend and I think this area has its potential to go up.
You can set a buy limit order or for more confirmation wait for a CHoCH in lower time frames.
Let's see what will happen...
Good luck
GBPJPY IS BULLISH. Here's WhyThe overall weekly structure of GBPJPY is a Double Bottom which is near the neckline. We anticipate a break on that neckline before the end of the month.
NB: GBP GDP statistics release at 09:00 CAT.
GBPJPY BUY ANALYSISFX:GBPJPY
Overall structure based o the weekly, daily, 4h and 1 h is bullish, so I am strictly looking for buys on GBPJPY. Price broke above 186.218 4H resistance area and made a retest as support, entry was based on a morning star candlestick pattern on the 15 min timeframe
GBPJPY: Comments on GBPJPY todayToday, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe:
14:00: Switzerland's October trade balance data
17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
Rebounds from weekly lows, eyes 186.30sFX:GBPJPY snaps four days of losses, climbs 0.31% in the late Tuesday North American session, and exchanges hands at around 186.00 after bouncing from daily/weekly lows reached at 184.45.
The GBP/JPY daily chart portrays the pair as neutral biased, as the slope of the Tenkan and Kijun-Sen shifted flat, which could open the door for range-bound trading. On the upside, the pair’s first resistance would be the Tenkan-Sen at 186.37, followed by the 187.00 figure, ahead of the year-to-date (YTD) high at 188.24.
On the other hand, if GBP/JPY drops below the Kijun-Sen at 184.52, that would pave the way to test the Senkou Span B at 183.15, followed by the bottom of the Ichimoku Cloud (Kumo) at 181.75.
GBPJPYUpon examining the GBPJPY on a shorter timeframe, we notice significant instances of price rejections evident on the H4 chart. The market is actively seeking support around the crucial 185 level.
Noteworthy are the distinct wicks that extend into a liquidity zone, creating an interesting prospect for a potential upswing towards the 187-190 range. The pair has demonstrated heightened trading activity, especially notable among GBP*** pairs in recent sessions/weeks.
GBPJPY Long Term SELLING 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
GBPJPY - Look for a long ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalances lower and then to reject from bullish order block.
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USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 → Next major target set at the 190.00 levelIn the mid-North American session, FX:GBPJPY rallied and refreshed eight-year highs at around 188.28 on Tuesday, after economic data from the US sparked speculations the Federal Reserve wouldn’t tighten monetary policy any further. Investors see that as a green light to buy riskier assets, to the detriment of the safe-haven status of the Japanese Yen (JPY). The GBP/JPY trades at 188.08, up more than 2%.
Given the abovementioned fundamental intro, from a technical perspective, the GBP/JPY uptrend seems overextended, with buyers targeting the 190.00 mark, a level that hasn’t been reached since September 2008. A breach of the latter will immediately expose the September 2008 high at 198.34 ahead of testing 200.00.
On the other hand, the GBP/JPY first support is seen at today’s low of 186.04, which, once cleared, te pair could dive to the Tenkan-Sen level at 185.50, followed by the Kijun-Sen at 184.52. Once cleared, the next support would be the Senkou-Span A at 185.01.
GBPJPYFrom a technical standpoint, there is a bullish trend evident on the intraday chart for the GBPJPY pair, indicating the potential for another upward movement in the short term. Analyzing the 1-hour chart, it is observed that the price is currently confined within a narrow trading range, indicating a compression in volatility. Given this technical context, it would be reasonable to anticipate a bullish breakout if the price maintains its position above 184.552.
GBPJPY with WillsonnnnThe British pound has rallied during the trading session on Monday, reaching the top of the short-term consolidation region that we have been in. With this being the case, the market is likely to continue seeing more of a “buy on the dip” attitude as the interest rate differential between the 2 economies and currencies is big enough to warrant the “carry trade.” This involves getting paid at the end of every session, and therefore it makes it an attractive investment.
Forget USDJPY: Time to watch GBPJPY for intervention? The UK’s inflation rate due this week (early early Wednesday morning), and there is a huge projected drop in the reading from last month, from 6.7% to 4.8%. This huge drop leaves a lot of room for disappointment, and higher CPI reading could exert upside pressure on the GBPJPY, which is already at a multi-month high. It is for this reason I bring up the possibility that traders should watch for intervention in this pair, whether direct or indirect.
Supporting the possibility of a bullish GBPJPY is the rejection of yesterday's significant downside wick (touching the 50-day moving average on the 1-hour chart). This rejection was followed by a further move to the upside.
Further upside will see the pair challenge the three-month high at 186.77 and open the possibility for a correction/ intervention. In the past, ¥185.00 has proven to be somewhat of an anchor point for the pair, but perhaps a more accurate support is now ¥185.50?
Don’t forget that US CPI numbers are due this week too, one day before UK numbers hit the market.
GBPJPY with WillsonnnnThe International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy published last month. This highlights the challenges facing Asian economies as they navigate the current economic landscape.
GBPJPY R:R 1:2This is for short term
Marked Possible Buy Zone
Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPJPY MAPPINGGBPJPY MAPPING
Each zone acts as support (we buy upon confirmation) if the market is above the zone & each zone acts as a resistance (we sell upon confirmation) if the market is below zone.
GBPJPY Long Term SELLING 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
Bullish Momentum Unleashed: A Daily Analysis of GBP/JPY's PromisHello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current movement is still bullish.
We anticipate the trend to continue, aiming for a break of previous highs. Furthermore, we expect a breakout of the channel to reach the BSL (Breakout and Support Line). For the monthly points, our targets are set at 186.76 for the first point and 195.99 for the second point. Keep a close eye on the charts for potential confirmations and adjustments.
Happy trading!
GBPJPY - Long after filling the imbalances ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental news: Tomorrow will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis.
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gbpjpy buyFX:GBPJPY
Overall structure is bullish on the weekly, daily 4h and 1h. Price broke the bearish countertrend structure, making a retest on the 1H 185.247 support area. I am anticipating a push to the upside until around th3 186.438 Daily resistance area
