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GBPJPY Technical Analysis 07.06.2023 1h chart– Previous Daily candle closed Bearish at 173.420 leaving a Rejection wick to the downside around 172.680. – Buys on close above 173.780 targeting Daily Resistance at 174.130, Leaving Runners to the 30min Resistance formed around 174.370. – Sells on close below 173.100 targeting 30min Support at 172.760, Leaving Runners to the 4h Support formed around 172.300. – Despite Daily closing Bearish price keeps on rejecting the Downside and retracing back closing above the recent Daily Support formed on Thursday 1st June 2023.
by SalimFX20
GBPJPY Technical Analysis 06.06.2023 1h chart– Previous Daily candle closed Bearish at 173.560 forming Daily Resistance around 174.130. – Buys on close above 173.760 targeting Daily Resistance formed at 174.130, Leaving Runners to the 30min Resistance formed at 174.370 – Sells on close below 173.010 targeting 1h Support at 172.680, Leaving Runners to the 4h Support formed at 172.300. – The Daily Low formed on Monday this week at 172.850 could be retested if price respect Daily Resistance formed around 174.130.
by SalimFX20
GBPJPY Technical Analysis 05.06.2023 1h chart– Previous Weekly candle closed Bullish at 174.120, Friday Daily candle also closed Bullish but left a slight Rejection to the upside. – Buys on close above 174.350 targeting the Friday Daily High for a Wick Fill at 174.690, Leaving Runners to the Weekly Rejection formed on 1st February 2016 at 175.020. – Sells on close below 173.680 targeting Daily Support formed at 173.300, Leaving Runners to the 1h Support formed at 173.020. – Overall price have been Consolidating on the Daily timeframe from last week and possibly price could form a Rejection to the Upside as the last Weekly candle closes small Bullish compared to the previous 2 Weekly candles.
by SalimFX20
GBPJPY Technical Analysis 02.06.2023 1h chart– Previous Daily candle closed Bullish at 173.820 forming new Daily Support around 173.300. – Buys on close above 174.100 targeting Daily Resistance formed on 2nd February 2016 at 174.580, Leaving Runners to the Weekly Rejection formed on 1st February 2016 at 175.020. – Sells on close below 173.580 targeting Daily Support formed at 173.300, Leaving Runners to the 1h Support formed at 173.020. – Despite the Thursday Daily candle closing Bullish above the weak Daily Resistance formed this week price is still consolidating on the 4h and 1h timeframe so ideally is to wait for a good confirmation before taking any positions.
by SalimFX20
2
GBPJPY Technical Analysis 01.06.2023 1h chart– Previous Daily candle closed Bearish at 173.300 leaving a Rejection wick around 172.520. – Buys on close above 173.570 targeting 1h Resistance at 173.950, Leaving Runners to the 30min Resistance at 174.290. – Sells on close below 173.020 targeting 1h Support at 172.670, Leaving Runners to the 4h Support formed around 172.310. – As Wednesday Daily candle closed back within the range it would be ideal to wait for confirmation before taking positions and to manage risk accordingly.
by SalimFX20
GBPJPY Technical Analysis 31.05.2023 1h chart– Previous Daily candle closed Doji Bullish at 173.480 as Daily rejects the 173.300 area. – Buys on close above 173.290 targeting 30min Resistance at 174.290, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.600. – Sells on close below 173.110 targeting 1h previous Resistance formed on Thursday 25th May 2023 at 172.730, Leaving Runners to the 1h strong Support formed at 172.280. – Targets for Sells remained the same as the Analysis posted yesterday as price respected the 1h Support around 173.100.
by SalimFX20
GBPJPY Technical Analysis 30.05.2023 1h chart– Previous Daily candle closed Doji Bearish at 173.460 forming a Rejection wick to the upside – Buys on close above 173.600 targeting 1h Resistance at 173.940, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.550. – Sells on close below 173.100 targeting 1h previous Resistance at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280. – Overall price has been ranging on Monday due to UK Bank Holiday, Ideally is to wait for a better confirmation to have a higher probability winning trade.
by SalimFX20
GBPJPY Technical Analysis 29.05.2023 1h chart– Previous Weekly candle closed Bullish at 173.510 closing above Weekly Resistance formed on 1st week of February 2016, Friday Daily candle also closed Bullish breaking out of the recent Daily Consolidation zone. – Buys on close above 173.750 targeting Daily Resistance formed on 2nd February 2016 at 174.550, Leaving Runners to the Weekly Rejection wick formed on 1st February 2016 at 175.020. – Sells on close below 173.200 targeting 1h previous Resistance formed at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280. – Monday Bank Holiday in observance of the Summer Bank Holiday, Volume may be lower than usual as UK Banks will be closed.
by SalimFX20
GBP/JPY BUYGJ had been consolidating in a Range the last couple days and has now looked like has broken and closed above Buy zone (172.700) on the 1H indicating Buyers our in control. 1H close is significant and strong confirmation however a stronger added confirmation is if the bullish candle could hold above 172.700 for 14:00 NY session. This will further give me confidence this is likely to push up to 174.00/ 175.00. Price has not pushed to these highs in 7years. I have set a Buy limit of entry @ 172.75 waiting for price to retrace back down around that zone for entry to trigger. Sl@ 172.45 risking 30pips. I would be looking for atleast a 1:3, R:R as when there is a consolidation prior to a break out normally a big massive move follows.
Long
by mrachaw
GBPJPY Technical Analysis 26.05.2023 1h chart– Previous Daily candle closed Doji Bullish at 172.490 as the price keeps on ranging. – Buys on close above 172.790 targeting 4h Resistance formed on 3rd February 2016 at 173.300, Leaving Runners to the 4h Rejection wick formed on the 3rd February 2016 aswell. – Sells on close below 171.960 targeting Daily Support formed at 171.650, Leaving Runners to the 4h Support formed at 171.340. – High Impact News at the Pre Asian session for Japanese Yen for Tokyo Core CPI y/y. We also have Retail Sales m/m data for the Pound Sterling before London open.
by SalimFX20
1
GBPJPY Technical Analysis 25.05.2023 1h chart– Previous Daily candle closed Bullish at 172.420 as the Daily consolidating for almost 1 week. – Buys on close above 172.660 targeting Weekly Resistance formed on 1st February 2016 at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 171.960 targeting Daily Support formed at 171.650, Leaving Runners to the 4h Support formed at 171.340. – Ideally is to wait for a better confirmation during high volume time and to secure when possible as price consolidating on the higher timeframe.
by SalimFX20
GBPJPY Technical Analysis 24.05.2023 1h chart– Previous Daily candle closed Bearish at 171.970 forming new Daily Resistance around 172.320 as the Daily timeframe has been ranging. – Buys on close below 172.330 targeting 1h Resistance at 172.560, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.870 targeting Daily Support at 171.650, Leaving Runners to the 1h Support formed at 171.400. – High Impact News ahead for the UK Economy at Pre London as CPI y/y data to be released forecasting 8.2%, previously was : 10.1%, Bank Of England Governor Andrew Bailey due to speak at the Net Zero Delivery Summit in London at 10:30 GMT, He is also due to participate in a fireside chat titled ” Inflation and the Economy ” at the Wall Street Journal’s CEO Council Summit at 14:00.
by SalimFX20
GBPJPY Technical Analysis 23.05.2023 1h chart– Previous Daily candle closed Bullish at 172.320 forming new Daily Support at 171.680 as price breaks above the Daily Resistance formed last Friday. – Buys on close above 172.500 targeting Weekly Resistance formed at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 172.050 targeting 30min Support at 171.740, Leaving Runners to the 4h Support formed at 171.460. – High Impact News for the Pound Sterling during the London session for Flash Manufacturing PMI and Flash Services PMI.
by SalimFX20
1
GBPJPY Technical Analysis 22.05.2023 1h chart– Previous Weekly candle closed Bullish at 171.620 forming new Weekly Support around 168.920, Friday Daily candle closed Bearish forming new Daily Resistance at 172.060. – Buys on close above 171.930 targeting 30min Resistance at 172.330, Leaving Runners to the Weekly previous Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.210 targeting 4h previous Resistance formed on 10th May 2023 at 170.810, Leaving Runners to the 4h Support formed at 170.310. – Ideally is to wait for price to consolidate during the Asian session to have a better probability trading setup around the London session.
by SalimFX20
GBPJPY 171.619 -0.25% SHORT IDEA 📉🐻💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at GBP/JPY In the coming week. 1. BSL TAKEN. 2. LOOKING FOR A PUSH INTO THE -OB for possible reversals. 3. Looking at momentum heading into the oderblock to determine if we might break above or what. 4. Looking at that unfilled FVG as a possible entry with the BEARS. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
GBPJPY Technical Analysis 19.05.2023 1h chart– Previous Daily candle closed small Bullish at 172.050 as the 4h timeframe has been consolidating during the Thursday trading session. – Buys on close above 172.330 targeting Weekly Resistance formed on 1st February 2016 at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 171.770 targeting 4h Support at 171.340, Leaving Runners to the 30min Support formed at 171.030. – Friday Daily candle could possibly wick up then reject pulling back closing Bearish to form Resistance, Idea based on the recent Daily candle and 4h consolidation zone.
by SalimFX20
GbpJpy -> Perfect Market BehaviourHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is currently retesting a quite obvious previous weekly resistance area at the 172 JPY level which is now turned resistance again. You can also see that as we are speaking, GbpJpy is creating bullish weekly market structure, moving averages are also quite bullish on the weekly timeframe so I am now just waiting for a clear break above the zone, followed by a retest and then I do expect more continuation towards the upside. On the daily timeframe you can see that GbpJpy already rejected the previous resistance area a first time towards the downside, now we are retesting the zone again and there is a higher chance that GbpJpy will break the zone and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
53
GBPJPY Technical Analysis 18.05.2023 1h chart– Previous Daily candle closed strong Bullish at 171.870 breaking above Daily Resistance formed on Tuesday and forming new Daily Support around 170.200. – Buys on close above 172.080 targeting 4h Resistance formed on 4th February 2016 at 172.350, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.530 targeting 30min Support at 171.030, Leaving Runners to the Daily previous Resistance formed on 10th May 2023 at 170.630. – Monetary Policy Report Hearings during the London session at the UK Parliament as Bank Of England Governor Andrew Bailey and several MPC members testify on Inflation and the economic outlook.
by SalimFX20
GBPJPY Technical Analysis 17.05.2023 1h chart– Previous Daily candle closed Bearish at 170.200 forming new Daily Resistance around 170.500. – Buys on close above 170.670 targeting Weekly Resistance at 171.080, Leaving Runners to the 1h Resistance formed at 171.550. – Sells on close below 170.030 targeting 1h Support at 168.520, Leaving Runners to the next 1h Support formed at 169.300. – Bank Of England Governor Andrew Bailey due to speak at the British Chambers of Commerce Global Annual Conference in London during the London session.
by SalimFX20
GBPJPY Technical Analysis 16.05.2023 1h chart– Previous Daily candle closed Bullish at 170.500 tapping into the Daily Resistance formed on Wednesday 10th May 2023 and respecting Daily Support formed on Friday 12th May 2023. – Buys on close above 170.640 targeting Weekly Resistance formed at 171.080, Leaving Runners to the 1h Resistance formed at 171.550. – Sells on close below 169.950 targeting 30min Support at 169.540, Leaving Runners to the 15min Support formed at 169.270. – High Impact News ahead for the UK 1h before London session opens, Claimant Count Change and Average Earnings Index 3m/y.
by SalimFX20