#GBPJPY D1-4H Sell☑️Broke the structure on the D1 timeframe
☑️Broke the structure on the 4H timeframe (confirmation)
If we break the market structure up on the 4H timeframe, we we'll go a little higher before drop, but if we break the red level on the D1 timeframe, the analysis becomes invalid🙅♂️
Good luck 🙌💪
Gbpjpyshort
GBPJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to take out sell side liquidity and then to reject from bullish order block.
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GBPJPY Top-down analysis Hello 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: Today!The release of new data from the ONS caused a significant drop in UK government bond yields as traders adjusted their expectations for future interest rate increases. Prior to the release, financial markets were anticipating a final UK Bank Rate of over 6%, but these expectations decreased to around 5.75% during the morning, resulting in a sharp decline in UK 2-year Gilt yields, which are sensitive to interest rates. Given the projected decrease in inflation in July, thanks to a lower Ofgem Energy Price Cap, it is possible that the UK has already experienced its highest interest rates.
GBPJPY: In the short term, the technical outlook for GBP/JPY remains negative as indicated by the daily chart, which shows the pair declining from its recent multi-year high. The pair has experienced a significant rally of nearly 18% this year due to loose Japanese monetary policy and tightening UK monetary policy. However, there may be a change in the latter as today's inflation data suggests that July's inflation reading will be even lower. This is likely due to the implementation of the Ofgem energy price cap, which has been reduced from £2,500 to £2,074.
gbpjpy sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY to stall at 0.618 pullback?GBPJPY - Intraday
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We have a 61.8% Fibonacci pullback level of 182.27 from 184.01 to 179.46.
We look to Sell at 182.30 (stop at 182.80)
Our profit targets will be 181.10 and 180.80
Resistance: 182.50 / 184.00 / 188.90
Support: 179.10 / 168.55 / 165.70
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GBPJPY: Today with market!The GBP/JPY currency pair has experienced its first daily increase in three days following the release of UK inflation data. The data showed that both the UK CPI and Core CPI rose higher than expected in May. The pair has rebounded off of the 100-hour moving average and is currently being favored by positive indicators. With the weekly resistance line acting as immediate upside, buyers are preparing for a potential new multi-month high.
gbpjpy h1. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY: Strong volatility!The annual Consumer Price Index (CPI) is predicted to decrease to 3.1% in June from the previous month's 4%. Likewise, the Core CPI, which is not affected by volatile food and energy prices, is expected to slightly decrease to 5% from 5.3%. Investors are expected to pay attention to the monthly Core CPI reading as it offers a more accurate portrayal of inflation. It's projected to increase by 0.3% this month compared to May's 0.4% increase. The recent decline in used car prices has led investors to anticipate a subdued inflation report this week.
GBPJPY SHORT CONTINUATIONEarlier this week we saw GBPJPY trading around the level of 183.900 where price created a resistance level. Price began to consolidate between the levels of 183.900 (Resistance) and 182.860 (Support). Once price broke the support level of 182.860 we waited for a retest of that broken area, where we then got a confirmation for a bearish pattern. Now looking at where we currently are we can see that price broke and close below a strong support. We can wait for a retest of that level to continue going further down.
3 out of 4 successful GBPJPY shorts so far this week. If price should continue in our favor we will hit our 4th successful trade.
Please share your own opinion and ideas of what you think, if you agree or not. All opinions are welcome.
GBP/JPY ShortGBP JPY Short
This is my analysis for this coming week I think that we are still looking at a correction.
We have broke out of a rising wedge & we have retested the higher high that was previously made and closed under it , we have failed to breakthrough higher & created a double top
We are still oversold on the daily & weekly time frame and are running into exhaustion I believe we will be dropping to 179.900 where we will see if it will breakthrough the support level.
GBPJPY Setting up for a ShortThis pair has been on my watchlist for the past few days and seeing it has broken through the most recent support level 182.015, I would love to see a retest of same level and then a rejection before I take the position.
Here was what I posted some few days back
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBP/JPY Shared Yesterday +120 Pips 0 Drawdown , New Entry Added 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 -> Short Squeeze Over?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of GbpJpy 💪
After GbpJpy broke out of a major long term monthly triangle formation all the way back in 2021 there has been a major rally of roughly 4000 pips towards the upside on GbpJpy.
However by looking at the weekly timeframe you can see that GbpJpy is a little bit overextended at the moment so I do expect a retracement at least back to the 0.236 or 0.382 fibonacci retracement level.
And it seems like with today's candle GbpJpy is breaking daily structure towards the downside so I am first waiting for another bearish push and if we then get a retest of the previous structure zone and some bearish confirmation I then do expect another daily bearish drop to retest the weekly fibonacci levels.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
GBP/JPY Made Inverted H&S Pattern , New Chance To Sell It !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 HIGH PROBABILITY SELL SETUP SOON 🚨🚨 GBPJPY HIGH PROBABILITY SELL SETUP SOON 🚨
* Here we can see clearly the next potential move for
Pound/Yen in coming hours.
* EP(SELL): 183.577
* EP(SELL): 183.293
* TP1: 182.413
* TP2: 182.221
* SL: 184.001
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
Critical Price Area Reached - Is A SELL-OFF Imminent?We have now reached a critical area as the price approaches the 184 level, which marks the beginning of the Monthly SUPPLY/SELL level I discussed in my previous post. This area was I expected to be a target for bulls, although I anticipated a correction before reaching this level, which has not happened yet.
The 184 level holds key significance as it also represents the 50% Fibonacci retracement on the monthly charts from the decline between 2007 and 2009.
Considering the fact that we are currently highly overbought and witnessing a slowdown in momentum, with price quickly being sold off after each new high, coupled with divergence signals on the daily charts, a significant correction seems imminent.
My expectation now is for one more rally above 184, followed by a swift sell-off and a daily close below this level. I will be patiently waiting for a sell signal on my TRFX indicator to enter the market.
The potential for a significant sell-off in this pair is substantial, with my target levels for this idea being 177 and below, while the previous weekly swing high at 172 could also act as a price magnet. These targets are based on higher timeframes, so they may take time to materialize, although intervention by the BOJ could expedite the process.
If we were to continue moving higher, it would require a solid breakout above 184 and a daily close beyond this level. This could potentially lead to a deeper move into the Monthly SUPPLY/SELL zone. However, given the current price levels, I would exercise caution when considering buying positions.
Hope you enjoyed the post
GBP/JPY Bearish reversal on the cards? +1200 Pips potentialDear traders, GBP/JPY's bullish momentum is fading and we are seeing
increasing bearish pressure on GBP/JPY.
184 level has not been breached, and we have multiple rejection candlesticks
in this level. So, if the bears step at this level, expect a rapid and big decline
in GBP/JPY. There is a potential for a 1200 Pip fall to 171 leve l. So, look for strong
bearish impulse and sell GBP/JPY is the mavs are breached in the hourly and 4Hour chart .