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 buy zone!!GBPJPY (4H) has formed a strong bullish engulfer with a liquidity grab from the monthly support zone. At the same time, there is an inverted head & shoulder have formed on the 4H timeframe. This market is long-term bullish and there is a high probability that GBPJPy continues to rise from this zone to continue it's long-term uptrend.
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DeGRAM | GBPJPY bearish opportunityGBPJPY is pulling back to the resistance zone after a sell off.
Price action is moving in a descending channel and it's likely to test the resistance level.
Again look left structure leaves clues.
We expect test resistance level and higher border of the channel which acts as trendline.
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DeGRAM | GBPJPY bearish opportunityGBPJPY is consolidating after a sell off.
The market created a box. Price action usually pauses before breaking out and going further down.
We expect test support levels.
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GBPJPY is about to fly to 172.500 '' long term'' we have previously shared our analysis for pound yen where we expected a drop from 164.200.
we are closing our sell positions now with 400+ pips and placing buys from 159.670
SL & TP are shown on the chart. please use proper risk management and remember it's a long-term trade that could take up to 1-2 months.
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 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.