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Gbpjpyprediction

GBPJPYThe British pound spiked against the Japanese yen last week, stretching almost all the way to the ¥165 level. At that point, the market then turned around to fall rather significantly and formed a massive shooting star. The shooting star has pierced the top of the Bollinger Band indicator, and therefore it would not be a huge surprise to see this market pull back toward the middle part of the band, near the ¥155 level. Keep in mind that the pair is highly sensitive to the risk appetite of markets, as the Japanese yen is considered to be a “safer currency” to hold in times of turbulence. We have plenty of it out there.
by SmoothJB
GBPJPY (1HR) BREAK AND RETEST.Hey, I would love to see GJ move up to that yellow trendline create a Higher High, that the previous highs and break the trend line then fall to 158.... I made this basis solely on structure, as the market moves in three moves , impulse, correction and continuation. Wait to place sell orders if you are trading the overall(MAJOR STRUCTURE) move until it hits the trend line and drops. But you can always take advantage of minor structure moves, but make sure you have enough confluences before placing in a trade. OVERALL PICTURE IS A SELL SET UP SHARE WITH ME YOUR THOUGHTS. JESUS LOVES YOU <3
Long
by louisemwesigwa
5
The JPY Stop Out Trap| What I Plan To Do Nexthe Japanese Yens were showing great growth and promise for trend continuation trades this week. I was heavily interested in GBPJPY especially after securing 500 pips on her recently. However, price has reversed. So, what does this mean? It means I'm no longer buying GBPJPY at a high price. A reversal at this point calls for me to look for sells. If price can pullback to my estimation zone to stay below 164.647 I'll sell back down to 159.049 and hold a position for a continued potential sells. This will be a countertrend trade so I'll risk 1% per position. Let's pray this is not a false move. Be safe trading because these Yens have moved vigorously so be careful trading them. They got me for a loss this week, but that doesn't mean the money can't be recovered. Many blessing purposeful traders. -Shaquan
Short
by ShaquanLopez
NEW GBPJPY Long Term AnalysisYou may have to play the -60 at green TP1 beware! The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
1
GBPJPY (D) SHORTHello, on the daily overall we want to see sells for this week but although I will want to see a proper bullish candle close outside the major trend lines for a proper break and retest. But overall the GJ is sited on 50% retrenchment level which indicates a reservation but also structure does it too show. Although I meant expect a small bullish movement before making the overall move. But either way bears are so ready! Share with me your thoughts. Note : Jesus loves you and died for you❤️
Short
by louisemwesigwa
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
Long
by louisemwesigwa
GBPJPY LONGBy looking at the price action, its easy to see that the pair has been moving in a bearish direction for serval days. Current price action suggests that we might be in for a short term bullish correction. We have spotted the formation of an inverse head and shoulder pattern on the Daily chart and when we move to the H4 time frame, this pattern is more clearer. Another reason for our bullish short term basis is because we have spotted a change in market structure from bearish to bullish as per our key level. We will be looking for an entry on the retest of this key level. The target for this trade is around high of the previous month. The risk reward for this trade currently stands at 7.87 to 1. We plan to hold until target or close manually as per our trading plan rules.
Long
by NDOBObanks
2