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Gbpjpyprediction

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
GBPJPY BUY Potential return of between 7.8 % to 15.6 % GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August) which is a good signal to find an entry to the upside. The daily time frame also just trend bullish , this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a trade which currently stands at a risk reward of about 1 to 8. Potential return of between 7.8 to 15.6 % if you risk between 1 to 2 % of your account on each trade. Targets are set using the Fibonacci tool. The monthly timeframe trend is in line with the weekly timeframe , which is in line with the daily timeframe creating a high probability trade.
Long
by NDOBObanks
GBPJPY 19/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098 or 164.737.
by mightybullcapital
GBPJPY 16/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098.
Short
by mightybullcapital
2
GBPJPY 14/09/2022Price retesting a recent support at 164.867 while having a possible resistance at 165.513 moving in respect to a recent downtrendline in 30 min tf. Now if price respects the possible resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615. However if price breaks out of the possible resistance breaking the downtrend, then it could push all the way to to previous resistance at 165.963.
Short
by mightybullcapital
4
GBPJPY CONTINUATION. (4HR)Hello , currently we are on a huge bullish trend on the 4hr, price already pulled back to a price reversal area the 23.86% and by passed the 0.00% and on its way to -27.86% but before that a proper break and retest should happen to confirm the bullish move and more so hitting -61.80% as final tp. then hopefully seeing a reversal to the down side as there is a lot of imbalanced price. Same analysis goes for minor structure within that structure. Yesterday TP hit and went onto the second tp -61.80% analysis is below Happy trading, loads of blessings. JESUS CHRIST LOVES YOU<3
Long
by louisemwesigwa
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, GBPJPY did not move in a DOWN SIDE WAVE. The reason for that was because of a FUNDAMENTALLY JPY WEAKNESS. XXXJPY has been BUYing very fast since last week. - JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. So GJ can still be BUY. - Currently, GBPJPY can move up to the LEVEL of 169.892. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 161.097 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT.
by benny_marshall
1