GBPJPY SetupI'm eyeing GJ to make a higher swing to 156.0 followed by a drop all the way to 151.500 , should we manage to have multiple candles closed below 156.0 we could expect the bears to make way for downside movements.
Poundyen
GBPJPY 4hr Analysis, Week 4 2022Daily Market structure is Bearish
4hr Market structure is Bearish,
Weekly momentum has spilled over from
last week. Fear continues to plague the Stock Indexes
No reason to be a hero and call a bottom in the market
Probably smart to relax and continue trading with the trend
GJ Shorts GBP/JPY looks like its in for a ride on the trend line break. Followed by this we have retraced 61.8% into 156.700. With this in mind and a combination of market structure forming lower highs and lower lows I do expect multiple rejections on 156.7 forming a lower high bringing in an opportunity for shorts into 154.5. in order for this to be valid, as mentioned we need candles to remain below 156.7 and a strong bearish candlestick closure on the 4HR tf.
Looking for longs on GBPJPY This is my own analysis
it's not a financial advice
Looking at the yen index is pretty much still weak
british pound is still at an acceptable strength
i believe we are still in the bullish structure looking for more to the upside
SHORT on GBPJPY Pound Yen pair - Bearish Divergence !Description as shown in the charts.
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GBPJPY Long scenarioWhat we can see is the market has moved to the upside for this week and we will be looking at continuing our bullish trend. We have 2 buy zones, the higher being higher risk and based off the structure zone acting as a broken resistance. The lower zone has a true demand zone within it and a void that would be filled before the continuation to the upside. Watch over the next few hours as the Euro and London market open for the day.
GBPJPY LONGSGJ Recently Broke structure on the 4hr tf, and quite recently followed by this B.O.S we could be forming a higher Low signalling a bullish move to the upside of my target at 152.500
GBPJPY 01/11Looking to scale in on additional short positions. A possible short entry is 156.000
4H timeframe confluences:
- Bearish momentum
- Broke through support of 156.000
- Looking to short GJ on the retest of 156.000
TP: 152.500
GBPJPY 17/11Looking to short GJ from 154.750
4H Timeframe confluences:
- Bearish market structure (LL and LH being created)
- 154.750 = a support which was broken and not retested, therefore a short entry on retest is favourable
GBPJPY - Week Ahead - Bullish BiasPrice action broke the downtrend structure and created a higher high last week and a higher low
Put an uptrend Fib on the recent daily high and price closed @ the 618 level on Friday, if price breaks 154.24 then expecting price to continue to next resistance at 156 with uptrend structure, HH's + HL's
News this week
JPY - Bank holiday - Nov 23rd
USD - Prelim GDP - Nov 24th
USD FOMC - Nov 24th
GBP - Gov Bailey Speaks - Nov 25th
GBPJPY Week AheadGJ is on an uptrend on the weekly time frame within an ascending channel
On the daily timeframe - GJ is pulling back from highs and is trending down
3 Trades Ideas for GBPJPY
1. Bullish bias - If price rejects the previous resistance level @ 152.30 and past 153.30 (previous highs) then we would see a break of the downtrend structure and expect price to continue up
2. Bullish bias - If price continues down to the bottom of the ascending trend line and rejects then again we would see a break of structure (BOS) above 153.80 towards 155.30 (50% fib) or 156 (618% fib)
3. Bearish bias - If price breaks below 152.40 - 152.30 then we could see a continued downtrend especially if we see closures below. Then targets would be next support @ 151.35 then 149.95
News this week
UK jobs numbers on Tuesday @ 7am GMT - gains in employment will be bullish for the Pound
UK Inflation data on Wed morning 7am GMT - BoE upper limits are 3% for inflation, Forecasts are 3.9% which could further fuel bets of a rate hike which would be bullish for the Pound
GBPJPY - H4 - Bearish Reversals on JPY pairsGbpjpy - H4 - Price is making bearish swings now as the recently rally in jpy pairs comes near an end or correction. Expecting huge downside on this pair 300-400 pips target
GBPJPY 26/10Looking to short GBPJPY on retest of 157.500
4H Timeframe:
- Intraday bullish trend has been broken as pair has closed below the ascending trendline and has just created a LL.
- Looking to short GJ at 157.500 which coincides with 78.6 key fib retracement level.
- TP: Possible pullback trade to monthly key level could be seen prior to a continuation to the upside.
GBPJPY. Short Possibility (Medium Risk/ High reward)hi dear traders.
For today we can watch GBPJPY, as it is about to complete a correction, which seems to be an ABC.
price has reached to a strong PRZ and also time factors has been satisfied. we can speculate that this correction is at its end and wait for a conformation to go short.
If price manages to hit its Trigger (few ticks lower than 153.663), we can enter a short position with MEDIUM risk. It is medium since there are no reliable Low swing near PRZ to put our Trigger under it. So it is vital to manage your position size according to the risk of this trade.
I'll answer to your questions.
have a good day.
Wait for a sell signal with GBPJPYH4 time frame.
Structure: Downtrend.
The price broke the key level of the uptrend.
After breaking the Key level, the price formed a consolidation zone from 150.800 - 151.600.
If the price breaks out of this consolidation zone, it is likely that the price will recover to 152.000. Here, if there is a reversal signal, it is possible to sell early.
If the price from the current accumulation area breaks below 150.800 then wait for the continuation candlestick signal to sell.
Profit target is the zone 149.000.
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Wish you all have a good trading day!
GBP JPY - Awaiting the critical selling pointHello Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note - the overall trend is bullish, where the main trades are placed at 154.5X and 156X respectively .
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Scarlet - Four day
Orange = Daily
Green = 8 Hour, 16hour
Grey = 4hour
Pink = 1 hour
July Analysis;
July 9th
May 4th
Here is the weekly imbalance below - where price has comfortably retraced from the monthly imbalance zone.
What does the imbalance show?
With the highs of 156.XX creating a needed retracement upon a pivot point - the monthly imbalance has been successfully filled.
From here using confirmations - shorts were placed to hedge and override long positions.
The weekly has created successfully - lower lows - meaning that price is looking to correct.
Previous analysis back in July - awaiting the next move to occur around 148.00 - 148.40 to £1.00
Scenario I
Using the Bullish scenario - where price will test the weekly imbalance between 151-148 - noting a opportunity to add longs from here.
Price has a fresh weekly zone - which is in this area. The pivot point will need to touch the imbalance and reject successfully.
Price will look to revert back to the 61.8% Fibonacci at 154.3 or extend back to 70.5% at 154.7X
Here is the current Weekly Scenario
This takes into account the movements where buyers took control of the correctional
See further for the before -0.618% Reversion price fractal found in the daily Imbalance.
Bearish scenario
Where price is rejecting the 156 - price can fall to a potential low - towards 141.
This is due to the heavy bullish imbalance which was established back in November 2020.
Price had created a reversion point - and from here the imbalance had tested the rising channel - creating a huge opportunity.
With imbalances - price can and will move back to retest the lower imbalance. Despite the overall *3month chart - producing a bullish consensus, the pattern can be a longer term buy.
Where price has a probability of breaking the weekly imbalance - the chance of the price continuing is likely.
Again this is using probabilities, to understand why this area is of interest, refer to the upload chart provided.
Be aware any reactive level offers volatility and an opportunity to add buy orders, sell orders to generate hedged net positions.
Below is a predictive pattern based on a line drawing, but is represented using the buying opportunity to the desired area of interest which lies ahead. - Hence, the forecast.
Cross correlations between GBP USD, XAU USD
The price chart here signifies what GBP USD is doing, where the dollar is correcting against the pound from an imbalance level at 1. 40 - price is now in a correctional phase, awaiting a buy move, therefore GBP JPY with a strong inverse, is also experiencing the same inverse phase.
It looks like the Sterling pairs are correcting and correlating, meanwhile XAU is whipsawing upon the 1775-1800 mark.
The correlation will vary between time frames, but in terms of the way the range works, this ignores noisy data on the lower time frames and highlights different imbalances which match up using the four day and weekly crossing of imbalances.
To see the inverse correlation (not causation) of two GBP pairs, both affected by the reactive levels taking place at the same time.
Please note* trading opposite correlated pairs upon a imbalance level is highly not advised due to 100% loss taking trades in opposite directions when price reverts against you.
The strategy should be implemented upon confirms.
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Provide updates where necessary - with new updated ideas tracking the progress.
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Thanks,
LVPA MMXXI
GBPJPY TO 149?Hello everyone,
GBPJPY has been moving in a bearish direction, it retested the downtrend resistance and now we expect bears to open more short positions!
Good RRR trade, good luck everyone.
GBPJPY Support/Rejection levelIf you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
GBPJPY Long AnalysisIt's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010.
Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note. we'll be expecting a bullish push which will be forming a bearish retracement @ 151.010
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The weekly seem to be telling a different story meaning, we should be expecting a deeper retracement to 151.874.
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We'll settle on the Daily timeframe, which is the retracemet to the neckline of the Double top that was formed.
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Do your proper analysis before taking a trade.
GBP/JPY – Week 32 – Mounting pressure below the resistanceIn the last post for this pair (week 30) we successfully predicted the correction that followed. The price also rebounded from the support area as forecasted. For this week, as we look on the 4h timeframe we see a consolidation that is taking place below the resistance area marked on the chart at 153,5. This structure has a higher probability of breaking to the upside in the upcoming days. If the price breaks the resistance area and reverses sharply it is a sign of a bigger correction in this area or a total reversal (low odds).
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial adice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBPJPY - Consolidation at Key LevelI was unlucky with my last prediction on this pair, however I am still expecting a break lower on GBPJPY.
As we can see from the chart it is consolidating just below the 4 hour descending TL, around the 135 psychological level. Although we are currently moving in a sideways market my bias is to the downside.
I'm hoping that with some GBP weakness this week we should see a drop lower. The set up illustrated offers a nice 1:3 R:R ratio with stops placed above the key level.
