Buys on GBPJPY Above 165.5960
We'll look to enter buys if price is able to break and close above the key level of resistance at 165.560, the 40 pip range above should be filled if this bullish momentum continues.
Gj
GJ IS RISINGThe pair are rising for two weeks, after breaking the bearish trend and the supply level of 164.80. Which is a change of direction
price retest the key level Which is a good entry point.
GBP/JPY GBP/JPY made an amazing movement. Price reached our demand zone, before spiking up to reach the supply zone. A perfect "zone to zone" movement.
A clean break and retest! Let's see what happens.I mean, it is pretty clear, the wick is huge on the 4H, giving us an indication that .. it will keep moving down. This pair is also strongly correlated to UJ and GU , which are also falling..
Stop-loss placement is kinda risky, but let's see! Patience is key.
GBP/JPY 15th of JulyG/J started a small uptrend in the demand zone that we highlighted. Price started increasing and we expect an even stronger momentum next week.
GbpJpy min. 60 pip DROPLooking for GJ to drop around this area...
Like always looking for a at least 1:3 Risk Reward.
If you have any questions about this trade setup you can contact me.
journaling/learning purposes.
GBPJPY SELLI will wait and look for entry when GJ find the way down to the demand area of 162.000
ENTRY 162.900
TARGET 162.000
GJ STILL BEARISH The downtrend is dominant, Our main level is the :
trend correction breakout area
0.5 fibs level
indicators Confirmation double EMA 20 and 50 and RSI divergence
GJ SELL SIGNAL After bouncing from the weak support area, the pair is facing an extreme resistance level,
The main bearish trend is confirming the idea of selling.
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Forex: GBPJPY - GJ - Falling?GJ seems to be continuing the downtrend for now. Trailing stop in order for free trade?
GJ SELLGBP/JPY on Friday and was pressured by a Combination of Factors - Targets @ 160.030 - SM 95/5 Short
SHORT-TERM BUY the pound bulls moving today in the short term the support level still holding the price above the 162.4 level. Breaking the weak resistance level can make the price move higher. 1/1.8R
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GBPJPYI am looking to long GBPJPY, I missed the first entry and looking for an entry at the zone given. Lets hope the best, Share your thoughts too!
GO GJ! That's my GJGbpJpy has been in a slump lately. it just recently tried to re-establish the overall bullish sentiment/structure it's been in for a while but i dont like the way it has/is rejecting the previous consolidation zone. in my book that normally means it's time to short! & that's exactly what i'll be doing!
GJ Cup and HandleGBPJPY makes cup and handle pattern and we can look to buy the break to catch some serious upside momentum. Feel free to check out my other posts on GBPJPY both on a weekly timeframe and a more fundamental outlook in the JPYX post.
GBPJPY Chart Analysis 27th June 2022Head & shoulder patter formed. We are waiting for a break & close below 164.476 to look for trade.
GBPJPY |Trade WXY correction like a PROA 333 Zigzag wave (mint WXY) is played out. A zoom-in reveals 5-wave Impulse in orange has completed. Take advantage of this potential X pullback to load up your SHORT!!
GJ SELLLast bullish Key Levels @ .168 - Average Targets @ 161.500 - SM 90/10 - Max RR 1:11 - mostly TA ... waiting for Volume!
GBPJPYGJ has just tapped into a beautiful Daily Supply Zone! This 15min entry is extremely tight, but it meets my plan! Lets see what happens!
GBPJPY ANALYSIS FOR JUNE 2022FX:GBPJPY
The monthly chart shows that British Pound very probably will increase in value against the Japanese Yen. As we can see in May the price consolidated and closed above the resistance. In June we can expect the candle to form a bottom wick and continue to go up to fill the wick of April, once it exceeds April's high, it has a free traffic until 172.600.
Another possible scenario is a pure consolidation of the price around that zone. It may drug up and down without decisive direction for a whole summer. However, one a big scale it is very improbabile it will break the bullish trend.
