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Gbpjpysignals

GBPJPY Highly important trend-lines to watch.The recent volatility on the GBPJPY pair has been extreme. This price action can only be traded on the long-term by taking break-out positions on key Support and Resistance levels. As you see, the long-term trend has been a Channel Up ever since the March 2020 COVID bottom. Recently, the 148.600 - 149.000 Support Zone that has been holding since March 24 2021, was successfully tested and provided a massive rebound to the pair. On Monday this rebound hit the Higher Highs trend-line of 2022. As long as it holds, expect a pull-back towards the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), even the Internal Support of 160.000. As per the 2021 fractal there are high chances of a rebound there but a weekly close below can put the bottom of the 2 year Channel Up to test again. Any time we close above the 2022 Higher Highs trend-line, consider a short-term break-out buy targeting the top of the Channel Up. This pattern can break to the upside if the 2.0 - 2.5 Fibonacci fractal seen at the end of each Higher Highs sequence is repeated again. In that case, take the Fib from the last low of 2022 and calculate the 2.0 - 2.5 extension zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
GBPJPY Neutral within the 1D MA50 & MA200 until a break-out.The GBPJPY pair has turned its trading pattern into a Triangle since the June 09 High, with the Lower Highs trend-line as the Resistance and the Symmetrical 160.00 - 159.400 Zone as the Support. Practically it has been neutral within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) since July 29, offering an excellent medium-term scalping range. Until that breaks either way, the trend is neutral and we can keep selling the high and buying the low. A break below the 1D MA200, is a bearish break-out signal towards the 155.650 Low, while a break above the Lower Highs of the Triangle, is a bullish break-out signal targeting the 168.740 Resistance. On the long-term, with the CCI still on Higher Lows isnce March 01, the bullish trend should be favored. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
GBPJPY Trade according to these levelsThe GBPJPY pair has previously formed an Inverse Head and Shoulders pattern (IH&S) that hasn't yet fulfilled its levels. The reason is the Lower Highs trend-line that has been formed since the June 09 High. Only a break above that level, which caused a rejection yesterday, can initiate a new bullish wave, in which case our targets will be 168.535 and if the Channel Up breaks, then pursue the 1.5 Fibonacci extension of the IH&S. Until that happens, we are on a short-term sell, targeting the Higher Lows trend-line. After that, only a break below the 1D MA200 (orange trend-line) can justify further selling. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full will be released this month! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
3
GBPJPY | Perspective for the new weekHeading into the new week, it is obvious that the GBPJPY overstepped its two-day high and has crossed the critical resistance of 164.00 towards the latter part of last week's trading session to set the tone for a bullish expectation. Coupled with the key level @ 161.5, the bullish trendline identified on the daily timeframe shall be my guide to a bullish potential in the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
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
Long
by Tradebudz
GBPJPY Sell opportunityThe GBPJPY pair has formed an Inverse Head and Shoulders pattern (IH&S), which is typically a technical Bearish Reversal formation. The Double Top initiated the first wave down, where all candles got contained above the 1D MA50 (blue trend-line) causing a 0.5 Fib rebound. Now the formation may see the second wave down. If the Support Zone breaks, we expect a 1D MA200 (orange trend-line) test. A 1D candle close below should be enough to finally test the Higher Lows trend-line for the first time since March 08. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
6
GBPJPY | Perspective for the new weekThe identification of a strong bullish imulse leg during last week trading session; we might be looking forward to a trend continuation at either the end of the retracement phase or at the the retest of where priceaction began last week. However, if we witness a breakdown/retest of this area, then the possibility of a downtrend continuation becomes an opportunity we should be looking forward to. In this video, I have explained how I intend to take advantage of either a bullish or bearish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPJPY Long-term buy opportunityThe GBPJPY pair has been trading on a long-term Fibonacci Channel pattern as we outlined in our last analysis two months ago. Since May 12, the price is on a strong rebound having hit the 1D RSI Buy Zone. With the prior top resembling those of August 2020 and March 2021, the pair is more likely to extend this rise either instantly or less aggressively, as long as the 1D MA50 (blue trend-line) is supporting. In either case, the Target should be at least the 2.0 Fibonacci extension of the Channel or at least when the 1D RSI enters its Sell Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4