Gbpjpyshort
GBPJPY: JPY traders attempt a recovery!The GBP/JPY pair slid to a new five-week low after touching 182.51 on Thursday, falling off 184.00 in the final trading session of the week.
The British Pound (GBP) has struggled to develop further momentum against the Japanese Yen (JPY) recently, with the Guppy marking a move towards the 50-day Simple Moving Average (SMA) after failing to maintain maintained the key level of 186.00 at the end of August.
GBP/JPY marked its 2023 low in early January when the pair traded into the 156.00 region. GBP has done a good job of taking advantage of JPY's weakness since then, with Guppy still up around 17.50% on the year.
GBPJPY Retest and ReversalOANDA:GBPJPY
I marked out two areas of possible retest and reversal zones on my chart at 183.2090 and 183.393 px levels. Px touched 183.393 and has begun its descend. It is possible it is going to continue descending to 181.398 px level or even break it depending on the momentum of the move down.
GBPJPY: today!As long as 185.76 resistance holds, further decline is expected in GBP/JPY. Break of 182.66 will resume the fall from 186.75. Sustained trading below 55 D EMA (now at 182.39) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 185.67 resistance will indicate that the pull back from 186.75 has completed. Further rise should then be seen through 186.75 to resume larger up trend.
GBPJPY : SELL (D1)Pretty clear trade, broke out of the trend line, can sell now or on 185.000, stop loss and TP levels as stated on chart, remember to apply your own risk preference.
GBP/JPY Possible MASSIVE SHORTIt's been a while, but I think I am back again.
Glancing over at the chart and indicators we can see that we have reached some stress points especially in the long term for the pair in MACD and RSI.
The last I had a look, the charts were reading around 150 region, today it is sitting around 185 and I believe the decline has begun.
My analysis this time around is based upon how the market moved last year, the overall pricing of the pair, the knowing of Christmas being on the way and of course indicators.
Last year around the same time we had a downward movement that appeared about 3 weeks into the month. The decline was preceded by a rise, ousting all possible gains of the week before. Keep this in mind when attempting to enter your position.
180+ region is has been visited before, but not often. The last time around the current price was 2015, and before then was just before the 2008 recession. Due to this logic, I am anticipating a decline to as low as 125.
Greed is one of the most devastating vices of man. I have entered multiple trades and have set my TP to the 158 region.
Christmas is on the way, and I cannot think of a reason for either Brits or Japanese to travel aggressively to either country. Instead, the world appears to be preparing for a new monetary transfer from fiat to digital. I believe the decline will be inline with previous movement and slow transition of Agenda 2030.
My best entry point for this move was at 185.699, but it may be possible for the price to rise above this, to what I anticipate to be 186.
So far I am netting a total of 6430 pips.
Let me know what you think.
GBPJPY CLEAR DOWNSIDE RUNlooking to short GBPJPY upto its support area of 183.40. as we are in bullish trend which seems to be shifted for downside. let see how it pans out.
GBPJPY Long Term Buying Trading IdeaHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
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GBPJPY - AnalysisGBPJPY
W1 - The price has formed a double top, which may indicate the beginning of a trend reversal, after a long growing trend and falling to 165.832.
D1 - A “triangle” pattern is being formed, a breakout of the lower line may also indicate that the price may change its direction of movement to a downward one.
What can be expected now?
If the triangle is realized, we can expect the price to fall to the level of 181.527 and further decrease to 174.203.
Long term - targets 180.292 - 174.203 - 165.832.
Medium term - targets 181,527 – 178,534 – 174,203
GBPJPY I Sideway trading continues Welcome back! Let me know your thoughts in the comments!
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GBPJPY — SHORTThe price is forming a head and shoulder pattern After breaking out of an expanding triangle/ascending channel. A break of correction on the lower Timeframe (15mins) gives me confirmation to enter this trade.
GBPJPY Sell ProjectionGBPJPY price action in the past days indicates that price is about to go lower, having retraced to the premium sell area, price is now on the process of grabbing liquidity on lower timeframes then proceed with the sells. Sell from the bearish order block
Short GBPJPYSimilar to USDJPY, I think GBPJPY has reached an interesting point to sell short.
Manage your risk and good luck!
GBPJPY SHORT SIGNAL H1Dear Friends :
In the pound to Japanese yen currency pair, due to the presence of resistance in the daily tick frame and also the breaking of the trend line in the 1-hour time frame.
Now the price is in the right area to sell
The possible position of this currency pair is placed on the chart
You can also enter for analysis according to your trading style.
You can leave a message to subscribe to the crypto and forex signal channel, I will respond as soon as possible.
Will GBP/JPY fall to 178?Let's analyze the daily chartHello everyone, GBP/JPY made yet another attempt to break the
resistance level yesterday but the attempt was not successful.
📌Price has already fallen more than 100 Pips today. If the daily
candle ends today with a bearish candlestick pattern, we can expect
further fall in GBP/JPY.
📌183.46 is a moderate support level which if broken, would open
the path towards 178.
📌My recommendation is to sell the rallies in GBP/JPY.
GBP/JPY supported by 4H moving average, sell or buy?GBP/JPY is being supported by the moving average on the 4H chart.
You can see that price has not moved below the moving average so far.
📌Thus, there is a higher chance of a resumption in the uptrend.
📌Sell trades should be considered only if GBP/JPY moves below the
moving average.
📌 183.50 is a key level to consider. If the price breaks below this level,
We can consider short entries.
GBPJPY BUYGBPJPY is making bullish moves. Hopefully price will hit the retesting zone and continue its moves of HHs and HLs.
GBP/JPY Still Bearish , Daily Closure Very Important To Confirm This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPJPY: Today!The GBP/JPY cross posts modest gains but remains below the 184.00 barriers during the early Asian session on Friday. The cross currently trades around 183.85, gaining 0.07% on the day following the release of Japanese inflation data.
The Statistics Bureau of Japan reported on Friday that the Tokyo Consumer Price Index (CPI) for August, fell to 2.9% YoY from 3.2% in the previous month, against 3.0% market predictions, while the Tokyo CPI ex Fresh Food and Energy remained stable at 4.0% YoY.
GBPJPY: Breaking the uptrend, the downtrend begins to form!GBP/JPY marked an all-time high at 186.77 in the early trading hours of the Asian session on Tuesday. Spot price is trading around 186.50 at the time of writing. The pair retreats from the all-time high as it appeared to be a barrier. A break above that level could help the GBP/JPY pair to explore higher highs around the 187.00 psychological level.
GBPJPY TRADE IDEAhi all
I'm hoping for a pullback to wave 4 before going higher.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
GbpJpy (Risky setup)Risky setup because Macro Market: JPY is up trend
Looking to sell at EQH & RSI Overbought
3) Sell now #GbpJpy @ 186.275
SL: 186.565
TP: Open
