GBPJPY longs soonWith the current rate of the market, there is confident supply and I believe Gj will push to the upside soon.
Gbpjpylong
GBPJPY top-down analysisHello 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 top-down analysisHello 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 Confirmed Double Bottom +400 PipsAfter identifying a potential triple bottom pattern on GBPJPY, I took a long position following a successful retest of the key support level at 157.00. This trade has entered into profit, with the current price at 161.500. Moving forward, I am watching for a breakout above the neckline, which would signal a new opportunity to enter another long position with a target price of 168.00.
Despite negative news for GBP last week in retail sales and interest rate announcements, I believe the post-pandemic deflation process could support a rise in GBP, particularly against currencies like JPY that are facing economic uncertainties. By carefully monitoring price movements and staying attuned to global economic trends, I remain optimistic about the prospects for our trade and the future of GBP.
What is your thoughts?
GBPJPY in a trend of higher lows.GBPJPY - Intraday - We look to Buy at 160.50 (stop at 159.95)
Buying pressure from 160.39 resulted in prices rejecting the dip.
Price action looks to be forming a bottom.
Short term bias is bullish.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Our profit targets will be 161.90 and 162.20
Resistance: 163.20 / 166.60 / 172.15
Support: 160.40 / 157.65 / 154.20
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPJPY top-down analysisHello 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 Trading Plan - 17/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GJ to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPJPY ABCD Bullish Pattern This is JUST An IDEA!
In GBPJPY 30M Have ABCD BULLISH Pattern , When saw Bull Candle Accepted .
Have GREAT day.
GBP/JPYVery simple ... Very clear!
Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
GBPJPY WEEKLY UPDATE hi all
I'm still slightly bullish on the GBP/JPY trade. I've hit sl and breakeven a few times and also missed a trade. Fundamentally, I believe the market is still buying phase and not a yen phase yet.
Perhaps once there is a clear understanding of ufo, long yen will begin. hahahahhahahaha
I am thus closely monitoring the gbp/jpy resistance level and waiting for the point at which I feel like taking a risk.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
GbpJpy to break range's resistanceSince the beginning of 2023, GbpJpy has traded in a 500 pips range, between 156 and 161.
At this moment the pair is back to the upper boundary of this range and a break up seems imminent.
The pair is strongly bullish as long as the price stays above 160 in terms of daily closing and bulls could target the next resistance zone at 165
GbpJpy - Manipulation Point Trading Bias: Long
Market Cycle: 2
Yesterdays analysis has proven to be correct even if we didn't get a pullback and entry...
I'm looking for a pullback and entry from either 159.90 or 159.53 both KL's in terms of round number trading and valid manipulation points in our trading system.
GBPJPY top-down analysisHello 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.
fllaing down till I expect this week gpjjpy falling down bcz if we see up there is strong level order block not yet broken so price can push down side till buyers interest get more and more waiting price action on monday
GBPJPY, M30 Expecting down before up moveGBPJPY, M30 Expecting down before up as the price will go down to take liquidity from POI
GBPJPY - Daily Trade Idea - 10-Feb-23GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY - Daily Trade Idea - 9-Feb-23GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
GBP/JPY long Position #livetrading #forecast #trend #forexliveWe saw great support created in the 157 area, now I believe in a pullback to higher point in 1.60 long position
GBPJPYshort term short on GBPJPY from 158.13 down to 157 to 156.80 .
from 156.80 price can start rallying back to the up side.
stay tuned to this feed for live trading updates and signals.
please refer to my previous publications to be able to understand how I approach the market
feel free to drop your own views, comment or criticism .
GBPJPY DAILY TRADE IDEA
GBPJPY is still consolidating. As long as the price does not make a new low, I believe it is a good time to buy a dip.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
GBPJPY Next Move Either SideAll important points are mentioned on the chart with Buy stop and TPs...
This is my personal forecast based on Indicator, previous chart history...
Please do your own research before entering this volatile market of Forex...
Immediate Local Resistance @ 159.275
If broken upwards then
TP1 @159.830
TP2 @160.364
TP3 @160.810
Alternatively,
Immediate Support @158.600
If broken downward then
TP1 @158.130
TP2 @157.630
TP3 @157.100
GBPJPY looking for a support.GBPJPY - Intraday - We look to Buy at 157.70 (stop at 156.65)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
A lower correction is expected.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to buy on dips.
Our profit targets will be 160.65 and 163.20
Resistance: 160.40 / 163.20 / 166.60
Support: 157.65 / 154.20 / 148.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
