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Gj

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
GBPJPY Technical Analysis 15.05.2023 1h chart– Previous Weekly candle closed Bearish at 168.930 respecting recent Weekly Resistance, Friday Daily candle closed Bullish forming Daily Support at 168.280. – Buys on close above 169.160 targeting 4h Resistance at 169.630, Leaving Runners to the 4h previous Support formed on 9th May 2023 at 170.150. – Sells on close below 168.630 targeting 1h Support at 168.340, Leaving Runners to the previous Weekly Low anticipating a Wick Fill at 167.840. – Price could possibly respect the recent Daily Support pulling back close to the recent Daily Resistance allowing the new Weekly candle to form top wick before breaking the lows.
by SalimFX20
1
GBPJPY Technical Analysis 12.05.2023 1h chart– Previous Daily candle closed Bearish at 168.270 respecting Daily Resistance formed on Wednesday around 170.600. – Buys on close above 168.480 targeting 30min Resistance at 169.050, Leaving Runners to the 4h Resistance formed at 169.260. – Sells on close below 167.860 targeting Daily previous Resistance formed on 25th April 2023 at 167.530, Leaving Runners to the 1h Support formed at 167.020. – High Impact News ahead at the Pre London session for the GDP m/m and Prelim GDP q/q followed by few Low Impact News, High Volatility expected during the London Open.
by SalimFX20
GBPJPY Technical Analysis 11.05.2023 1h chart– Previous Daily candle closed Bearish at 169.490 forming new Daily Resistance at 170.600. – Buys on close above 169.830 targeting 4h previous Support formed at 170.150, Leaving Runners to the recent Daily Resistance formed on Wednesday 10th May 2023 at 170.600. – Sells on close below 169.110 targeting Daily Support at 168.740, Leaving Runners to the 1h Support formed at 168.230. – High Impact News ahead for the Pound Sterling as Bank Of England decide on the new Bank Rate set by the MPC, News to expect as follow : BOE Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate followed by Bank Of England Governor Andrew Bailey speech shortly after the release.
by SalimFX20
GJI've been quiet in that I haven't posted in a while but I have been monitoring the charts. So now I would like to firstly apologise to myself for not committing and doubting the work needed to be done. Secondly, I would like to apologise to anyone that does follow me and gets any value from what I do. This is my current vision of what I see and where I believe GJ is going. We are in the correction phase of a channel, so I will wait for a break (Violent one) downwards, a retest, candle confirmation and then enter and ride it the whole way down. I am challenging myself to post everyday even if it is just comments and not a forecast.
Short
by Mhangwane1
5
GBPJPY Technical Analysis 10.05.2023 1h chart– Previous Daily candle closed Bullish at 170.600 leaving a Rejection wick to the downside as the 4h timeframe forms a new Consolidation Zone. – Buys on close above 170.700 targeting 1h Resistance at 171.010, Leaving Runners to the 4h previous Support formed on 1st May 2023 at 171.230. – Sells on close below 170.360 targeting 4h Support at 170.150, Leaving Runners to the 1h Support formed at 169.840. – Overall price is consolidating on the 4h timeframe as the Monday and Tuesday Daily candle (Body) closed small Bullish with Rejection wicks to each side.
by SalimFX20
GBPJPY Technical Analysis 09.05.2023 1h chart– Previous Daily candle closed weak Bullish at 170.430 leaving a Rejection at the recent Weekly Resistance formed around 171.100. – Buys on close above 170.560 targeting 30min Resistance at 170.860, Leaving Runners to the Weekly Resistance formed at 171.100. – Sells on close below 170.180 targeting 15min Support formed at 169.750, Leaving Runners to the 4h previous Resistance formed on 4th May 2023 at 169.350. – If Tuesday respect the Previous Daily High and break the Monday Daily Low there will be higher probability of price pushing futher down respecting recent Weekly Resistance formed last week.
by SalimFX20
GBPJPY Technical Analysis 08.05.2023 1h chart– Previous Weekly candle closed Bearish at 170.250 forming Weekly Resistance at 171.070, Friday Daily candle closed Bullish forming Daily Support at 168.740. – Buys on close above 170.550 targeting 1h previous Support formed on 28th April 2023 at 170.930, Leaving Runners to the 4h previous Support formed on 1st May 2023 at 171.240. – Sells on close below 169.960 targeting 15mins Support at 169.550, Leaving Runners to the 1h Support formed at 169.180. – As the previous Weekly candle high formed a Rejection there is a probability for the current weekly candle to respect the new Weekly Resistance and fill Weekly Low and retesting the Weekly Resistance formed back in December 2022.
by SalimFX20
GBPJPY Technical Analysis 05.05.2023 1h chart– Previous Daily candle closed Bearish at 168.740 almost retesting the previous Daily Resistance formed last week. – Buys on close above 168.930 targeting 4h Resistance at 169.240, Leaving Runners to the 30min Resistance formed at 169.840. – Sells on close below 168.550 targeting 1h Support at 168.220, Leaving Runners to the Daily previous Resistance formed on 25th April 2023 at 167.550. – Currently the Weekly trading Bearish and more likely Weekly will form Resistance with a minor Rejection wick to the upside respecting Weekly Resistance formed on 31st October 2022.
by SalimFX20
GbpJpy -> Textbook TradeHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just retested and rejected a quite obvious previous weekly resistance at the 171.000 JPY level. However you can also see that weekly market structure and moving averages are still very bullish, with last week's candle we broke multiple structure levels towards the upside and we are also currently retesting previous resistance which is now turned support so I simply do expect more continuation towards the upside from here. On the daily timeframe you can see the exact same setup, we just recently broke above a major daily resistance level at the 168.5 JPY area which is now turned quite strong support, so I am now just waiting for some more bullish confirmation inside of this zone before I then do expect another daily rally 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
28
GBPJPY Technical Analysis 04.05.2023 1h chart– Previous Daily candle closed Bearish at 169.160 respecting Daily Resistance formed on Tuesday 2nd May 2023. – Buys on close above 169.470 targeting 30min Resistance at 169.890, Leaving Runners to the 1h Resistance formed at 170.210. – Sells on close below 168.780 targeting 30min Support formed at 168.170, Leaving Runners to the Daily previous Resistance formed on 25th April 2023 at 167.550. – There is still a probability for price to retest the Daily Resistance formed on 25th April 2023 correcting the Bullish move from Friday 28th April 2023.
by SalimFX20
GBPJPY Technical Analysis 03.05.2023 1h chart– Previous Daily candle closed Bearish at 170.110 forming Daily Resistance at 171.700 as price rejects the Monthly Highs formed in October 2022. – Buys on close above 170.540 targeting 1h previous Support formed at 170.940, Leaving Runners to the 30min Resistance formed at 171.470. – Sells on close below 169.950 targeting 1h Support formed at 169.400, Leaving Runners to the 1h Support formed at 168.770. – There is a probability for the new Daily candle to respect Daily Resistance formed on Tuesday 2nd May 2023 to correct the Bullish move that happened on Friday 28th April 2023.
by SalimFX20