GJLots and lots of entries. I had even forgotten that it hit TP. So now we ride until but we move SL into further TP
Gj
GbpJpy - Manipulation Point TradingBias: Short
Market Cycle: 2
Shorts only on this pair, yesterday was around 80% of an ADR move, so I classify the last 2 days as push 1 & 2..
Both the last 2 drops have been 200 pips so I would expect at least another 150-200 for the 3rd and final push..
160.82 is My 1h level to look for shorts. If we get above that I think we may push higher and maybe reverse (short term), ??
GBPJPY Full Future Move AnalysisHey Traders,
In this video Ill cover where we are looking for longs/shorts on GJ. We are looking for sharper moves via news to bring us to key PA levels.
It's always a great idea to let the market move to these areas and plan BEFORE it occurs.
Anyhow, Lots of people ask me about it so I thought I'd just film it. Watch for updates underneath.
Watch for more.
The story of a hawk and a dove in GBPJPYHey everyone. Welcome back to another forecast, this time on GBPJPY.
This will be for the future outlook of GJ and where it can possibly head to.
BOE hiked rates by 50 bps in its previous monetary meeting and market has priced in a 25bps rate hike in today's monetary policy meeting of March.
However, the story of the hawk does not end here as its latest CPI y/y printed whopping 10.4% compared to a 9.9% forecasted. This really shows the stubbornness of the inflation that the POUND is facing. This makes their upcoming meeting a complicated one and the market could potentially price in a 50bps hike instead. This paves the way for more rate hikes if inflation were to remain sticky and stubborn. A hawk remains a hawk to come for the coming months.
On the other side of the universe, BOJ has remained through to their stance and stuck by with a -0.1% short term interest rates and for 10 year bond yields at 0% during its month of March. It remains steadfast in its approach and the interest rate differential between POUND and YEN cannot be missed. JPY's inflation has however been rising at a steady rate, with the latest printing at 4.3%, yet it's widely expected that the BOJ remains dovish , especially after the multiple opportunities to hike rates but deciding against them.
In my opinion, the story of the hawk and the dove continues to be the case for the upcoming weeks in GBPJPY and that is one of the reasons I believe that GJ is a bull story. On a technical front, I believe price can continue up to create a newer high and flirt the highs at 165. The BOE's monetary policy will be key to seeing if the hawk shall continue flying well above the dove.
Long story short, GBPJPY bulls . Let's see.
GbpJpy - Manipulation Point TradingBias: Open
Market Cycle: n/a
MP's for todays trading...
Even though yesterday was a 1st push in market cycle, I am not against trading a break and retest above 161.41..
No1 preference is still short.
162.04 is a strong on the Daily, 4h & 1h - a KL and also 50% retracement from yesterdays push down..
GBPJPY Potential Forecast | 23rd March 2023Fundamental Backdrop
1. GBP inflation came out strong and paves way for more hawkishness from the BOE and rate hikes.
2. JPY continues to be the dove.
Technical Confluences
1. Price is currently on a higher timeframe bullish trend
2. Price could tap on the H4 resistance above (red zone)
3. Price have cleared the previous daily low
Idea
Looking for the price to head towards the H4 resistance at 166.04.
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GJYou should have been stopped out in profits but now we wait for the retest before we enter once again.
GJMove SL into profits, remember you're a money manager not a gambler. I've added another in accordance to my plan. PLAN THE TRADE AND TRADE THE PLAN.
GJThe impulse was great but the current volatility is not enough, so the pullback will hurt and will punish ignorance. So either move SL up or SL into profits.
GJThis is what I see, should the inverse H&S play out and happen. A strong break of the neckline and retest should direct us straight into this trade.
GBPJPY Sell Setup ~960pipsPrice has been in a correction on the Weekly and Daily Timeframes, with multiple break of structure to signify a bearish momentum.
Price has currently consolidated and is distributing at the dynamic support turned resistance.
I would be looking to sell GBPJPY for about 960pips to 153.99.
**As always, trade cautiously.
GBPJPY: SidewaysI am using support and resistance to place pending orders, it can be an effective way for traders to take advantage of potential price movements in the market. By carefully analyzing key levels, setting appropriate levels, and managing risk with stop-loss orders, traders can increase their chances of success in the markets
Thanks
GbpJpy - Manipulation Point TradingBias: Short
Market Cycle: Open
500 pips on GJ is a full market cycle in a day, so we can trade with an open bias as per the 15m strategy rules.
MP's are the daily levels on my chart, I would prefer to trade short from 162.200 so I will wait for my setup...
Short-term, we have support turned resistance on the 4h at the asian high, so there are some possibilities there???
GJ Price action is a little tricky today. Waiting for 4hr confirmation for potential buys. Let's monitor this area. If we get a clean rejection of this zone, we will enter sells with potential targets around 163.00.
GbpJpy - Manipulation Point TradingBias: Long
Market Cycle: 2
GJ is in cycle phase 2, Monday was a daily SR and a full retracement on the daily PA followed by yesterdays full ADR move to the upside.
163.11 and 162.83 are both levels within our permitted retracement area to look for longs.
Price will eventually target the imb from 28th Feb,
GBPJPY UPDATED CHART HEY EVERYONE The price broke ascending channel now moving in a separate zone . I think price test support zone if price pull back to strong resistance zone my goal is support 161.500
GJ Short Idea3rd touch on a daily level, with mixed fundamentals in the market currently. Other JPY pairs on a level at the moment therefore looking to short to the previous low.
GJ 1H Bearish Continuation | H&S Right Shoulder Completion Idea 4H is about to break with the right shoulder of the H&S, while the 1H is bouncing up to complete the right shoulder of the H&S. So I am looking for price to pull back slightly at market open and continue bearish.
GBPJPY BUYGreetings!
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GBP/JPY Buy setup 460 pipsCheck the video to get understanding on my view on GJ this week
Follow and comment below for other breakdowns
ASIA: GBPJPY B&R - IB MOMENTUMGJ has painted a beautiful long setup on both the 4H and the 15m timeframe. Currently used inside bar breakout and break and retest setup to enter. Lets see how it plays out
GBPJPY 12TH MARGBPJPY took a huge dump last week after the NFP.
Now looking for either a continuation of Bearishness to lead us into our true swing low. To then continue the overall bullishness up. Or I'm looking for a shift higher first to then lead us into our lower demand zone for the higher shift up.
Now, following this idea, I'm looking for a reaction at our nearest point of supply that we currently sit inside of... if this doesn't happen il be looking for longs to take out our swing high.
Make sure that you always use your confirmations to get into a trade and always be flexible with your analysis. Remember, sticking to your trading plan and consistently entering the same setups will bring you profitability.
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We hope you all have a profitable and successful trading week.
GBPJPY 2 SCENARIOS GBPJPY has broken out resistance and retested last week friday. We had a big push to the upside resulting in a big rejection on the following resistance highlighted that caused price to fall to fridays starting daily low. If we can hold above highlighted support zone i can expect price to go to highlighted zone to clear highs. If we cannot hold support i expect a big fall in price to next support zone.
GBPJPY LONGHi Traders,
A possibility to look for long entry when price reach the 160.5 level.
Entry Price: 160.5
Target Price: 162.8
Hit the Boost and Follow me if u agree. Trade Safe!
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