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Gbpjpyprediction

Head and shoulders pattern on GBPJPY/ The fall is more likely!Hello everyone, I see a great sell opportunity on GBPJPY. The pair looks like it is printing a head and shoulders pattern. I am waiting to see if there can be further bearish developments to the downside and take sell opportunity. For best entries it is wise to wait for price to break below the neckline and see if there can be a solid retest of the area. My goal will be 151.400. Please support this idea with likes if you find it helpful. I will be thankful. If you have any thought on this please be kind to share it in the comment section below.
Short
by Forexintelligence_NA
GBPJPYThe British pound continues to sell off in general, but this particular pair is going to be a little bit different due to the fact that the Bank of Japan continues to fight higher interest rates in that country. As long as that is going to be the case, the British pound has at least a chance of staying bullish. However, the Bank of England has stated that they expect a recession, so if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs. Alternately, if we see this market break down below the ¥159 level, it is very likely that we will drop it a couple of hundred pips.
by SmoothJB
GBPJPY (30) BREAK AND RETEST.Hello, today earlier GJ pushed up just like I predicted in the Asian session then later dropped after touching a respected zone and also-27.00% fib level which it respected and pushed down. Currently we are in the middle of consolidation, within a zone, always look at all time frames before entering, Although you can only enter for a mini “BUY” when the upper trend line has been fully broken with a full candle and a retest has happen, if you’re taking a trade in the 30min timeframe but have enough confluences before entering. And wait for it to break out of the zone. Ps; Today there is HIGH IMPACT NEWS SO BE VERY CAREFUL, follow structure. Happy trading Jesus loves you ❤️
Long
by louisemwesigwa
GBPJPY (30) BREAK AND RETESTHello, currently we are at a strong area of resistance that has been tested previously, in the past. Price has just finished an impulsive move and is now in the corrective stages, and is around strong area of resistance. So wait for your confluences before taking the overall move which is a bullish move. More so, price is near the 23.00% fib level which will always move to -27.00% but always have an extra confluence, like a zone, trendline and read market structure. But you can always take advantage of minor structure moves. Jesus loves you.
Long
by louisemwesigwa
GBPJPY (M) SHORTHello, it’s been a long time hope you’re all well. Last month, we saw a lot of bullish momentum, although last week we ended the week with Bearish momentum. Whenever you are spotting divergence it takes a long time to play out, but for this month am expecting a bearish candle for overall close. We are next to a foundation level that means consolidation in the lower time frames. Additionally with market structure, I see bearish candle for the month. The market has been in an impulsive move, as you know the market moves in three ways, implies, correction, continuation. As of now, we are in the impulsive side, hoping to see some correction. Lastly there’s, candle exhaustion at the top of structure from previous Candles, indicating price exhaustion. Note: Minor structure moves move faster than major structure moves, thus you can always take advantage on lower timeframes. Make sure your confluences always line up before taking a trade.
Short
by louisemwesigwa
GBPJPYThe British pound broke down significantly last week, reaching down to the ¥160 level. The ¥160 level is an area that is a large, round, psychologically significant figure, and the fact that we bounced from there should not be a huge surprise. The question now is whether or not we can break above that massive shooting star from the previous week? I suspect we cannot, at least not anytime soon. In the short term, I think we are simply going to go back and forth between the ¥160 level on the bottom and the ¥165 level on the top.
by SmoothJB