GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Gbpjpysignal
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 possible sell zone!!GJ ( 4H) Has formed a head & shoulder on the monthly resistance and has broken down. As the monthly close, the price shows a reversal pattern likely to drop to the monthly support zone. On the test of the neckline of head & shoulder, we may sell!!
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GBPJPY Short: Shooting Star, Ascending Channel Break, 0.5 Fib ReTrend: Overall Bearish Trend
Candle Sticks: Shooting star at the recent LH.
Resistance: 4h Resistance Level
Parallel Ascending Channel: Break
Fib Retracement: The current price is at 0.5 of the previous bearish rally.
Reasoning: 0.5 Fib retracement, channel breakout, and shooting star indicate that price will likely go down from here.
GBPJPY probability short for 161.9520th July key reversal bar made a new high closed in the middle. 21st July daily bar is insurance bar broker key reversal bar low confirmed weakness ahead. 165.60-70 highly supply zone for short if price test the supply zone may add further risk for short trade with stop loss 166.50 and target 161.95.
GbpJpy- Where to sell?Since the 168.50 top reached in April, GbpJpy has started to trade in a range with a bottom around 160 zone.
Now the pair is approaching the higher boundary of the range and this can offer a good opportunity for bears.
Also, the rise from 162 is a rising wedge that can be a signal that bulls are getting tired.
Selling around 168 can have a good 1:3 R: R and a new high would negate this scenario
GBPJPY - FUNDAMENTALS WITH TECHNICAL BIAS#GBPJPY
Currently, GBPJPY is going up slightly due to MARKET RISK ON. We expect GBPJPY to wave UP again.
Anyway, that PRICE can fall on the SUPPORT LINE below GBPJPY again. But now GBPJPY PRICE can go UPSIDE MARKET. GBPJPY can definitely SELL at 160.097 LEVEL. For that, MARKET RISK should be OFF and JPY should be STRONG in the short term.
But we can BUY GBPJPY up to 168.690 LEVEL according to the STRUCTURE to COMPLETE the PATTERN. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK ON in the coming days. We must pay attention to MARKET SENTIMENT.
GBPJPY top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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: Who from the weak will prevail?GBPJPY
Intrada y - We look to Buy at 161.30 (stop at 160.00)
Selling pressure from 163.56 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 165.00 and 165.65
Resistance: 165.65 / 168.70 / 171.90
Support: 162.15 / 160.60 / 158.70
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GBPJPY - FUNDAMENTALS WITH SECHNICAL BIASCurrently, GBPJPY is going down a bit due to MARKET RISK OFF. We expect GBPJPY to go UP again.
Anyway, that PRICE can fall on the SUPPORT LINE on the GBPJPY chart again. After that the MARKET can go UPSIDE. You can definitely buy at the GBPJPY 168.69 level. For that, MARKET RISK should be ON.
But we can sell GBPJPY up to 158.60 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
DONT MISS ITfound good setup on GBPJPY for long . stick to 15 pip stoploss and use proper money management.WISH YOU ALL THE BEST.dont forget to like and follow me it motivate me to keep sharing my personal entries to public
GBPJPY SELLS w; bullish but its been rejected from the same resistance twice so I am expecting some bearish moves
d; ranging
4h; ranging
for any shorts ill be looking for the price to break the range zone, the previous HL, the s/r zone with a momentum candlestick, and below the ema's 50/20
1h price action confirmation and below the ema's
GBPJPY and EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
We could be long for the rest of the week GBPJPYHi Traders,
Today I take another look at GBPJPY, Price has dropped as expected in my previous post, But I have gotten stopped out before the drop. Looking At price, I believe the move is now done and we can expect a continuation to the upside.
Based on the 30-minute timeframe we have bounced off support and started moving bullish with all the current 30-minute candles closing as bullish candles, price has now met a minor level resistance at 166.600. If we are able to break above I will be looking at an easy Buy setup to 167.8.
Price could continue to make new highs But I will be happy with a 120 pip trade.
Be safe in the Markets.
Renaldo Philander