Gbpjpyshort
GBPJPY BuyIn my view the current price is 169.766 and its a sell opportunity for scalpers tp will be 167.734
Now to the main idea GBPJPY will give us a buying opportunity at 167.892 to 167.734 zone till 170.247 upwards after i have already taken a scalping position as i mentioned earlier now i will wait for the confirmation to enter long
GBPJPY 15M 02/05/2023 Currently, on the 15-minute timeframe, we are in a bearish trend formed by two changes in structure. Therefore, we are currently in a bearish range that goes from 171.604 to 169.952, with the latter being the liquidity point of the current bearish range. We have a demand zone in the area of 171.559 to 171.382, and the second zone is between 172.328 and 172.162. We could expect a reaction in both zones, provided we observe how the price orders approach these areas. Alternatively, we could wait for these ranges to be liquidated and broken to establish a new bullish trend and liquidate the liquidity points of the previously established ranges.
GBP/JPY - Double Top - Bearish DivergenceOverview
FX:GBPJPY has formed bearish divergence and double top pattern after having a strong bullish rally!
Analysis & Plan
Double top is a bearish reversal pattern which indicates a change of trend from bullish to bearish. Bearish divergence is also an indicator of a weak bullish trend, hence our bias for FX:GBPJPY is currently bearish. We are looking to short break of support (neckline) and enter via a sell stop order!
GBPJPY: Continue the trend!Brace yourself for BOJ's announcement
The upcoming decision of the Bank of Japan on interest rates will be closely monitored by the markets, regardless of their expectations. This is because it will be the first such decision made under the leadership of the new Governor Kazuo Ueda. Analysts will carefully analyze the accompanying commentary for any hints on when Ueda may begin tightening monetary policy. The Bank of Japan is likely to provide ample advance notice to the markets, and it is possible that Ueda may make some non-committal comments on Friday. However, he has consistently emphasized his preference for maintaining the current yield curve control in the short to medium term, and is expected to stand by this stance.
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 - Another short ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: On higher timeframe we are in a bearish market structure, that's why I look for shorts. Here I expect bearish price action as price rejected from bearish order block + institutional big figure 167.000. My target is liquidity below equal lows + imbalance.
Fundamental analysis: Tomorrow we have news on JPY, will be release Policy Rate and BOJ Press Conference, if the results are positive for JPY, this will support our move.
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GBP/JPY: Short opportunity to catch +500 pips- Price respected the last swing high at supply area around 168.0, A good sign for strong sellers at supply area.
- After forming equal highs at supply area, price dropped with an impulsive bearish move to 165.500 forming equal lows.
- A huge pole of liquidity built below 165.500.
- Also we can observe an imbalance on the last bearish move from 167.0 to 166.500.
- liquidity built below 165.500 will grab the price down also an imbalance needs to be filled.
* We may have a bearish move to 161.0 demand zone after retesting 167.0 filling the imbalance
GBP/JPY - Double Top - Bearish DivergenceGBP/JPY has formed double top, which is a bearish reversal pattern. Price is likely to break support (neckline) and start a bearish trend. Price is also showing Bearish Divergence on RSI which means there's a possibility of a bearish reversal anytime now! Will be looking to short ONLY if support is broken with stop loss above the double top!