GBPJPYLarge engulfing candle
2/2
overall trend bullish
uk - bearish
re-tested support?
SL set
TP set
GBPJPY trade ideas
GBPJPY: Growth & Bullish Continuation
The price of GBPJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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Long on GBPJPYI am entering along position on GBPJPY for the following reasons :
- RSI divergence !
- trending bullish challenge
- the bollinger middle band was respected as a bullish channel.
How Use Price Action Points And Areas (Increased Probability)Price action points and zones are often misunderstood.
You generally are looking for an area, rather than an on the dot price.
Here's my take.
GBPJPY has shifted its trend The pair has entered the bull phase after a descent bearish rally. The confluences that made this trade bullish have been written on the chart. TP will be set once the SL is defined.
GJ Sells;Looking at taking sells on GJ pending order set and allowed to play out.
Now, I wait to see the outcome of this setup.
See you, later.
GbpJpy Long-term - Short 2300 pip!We expect an increase in the JPY as the Bank of Japan starts its interest rate hike process and signals that it will continue.
All developed country central banks have entered into interest rate cut processes. The only exception is Japan. We expect this process to initiate a significant recovery in the JPY, which has lost 50% of its value over the past two years.
GBPJPY BULLISH idea lets see how this plays outlets see how this plays out bullish channel and coming to support.
WAITING on Trend continuation to 195.00!The YEN has weakened since the new election of Japan's PM and BOJ's rate hikes. BoE's GDP data is looking positive towards the bullish, all that is needed is some momentum found on the RSI. Plus volume as of 10 am is looking pretty still. Be on the lookout!
GBPJPY View!!In addition, there is the global economy to worry about and the signals from oil and other commodities are poor. Brent and WTI today settled at the lowest since 2021, iron ore has plunged lately and copper is back to $4/lb.
Finally, the yen carry trade isn't showing any signs of recovery after the battering in August. If anything, the growth-sensitive trades are flagging the risk of another leg lower.
GBPJPY will be Bullish this week GBPJPY i am wishing to sell litle bit and then buy till the resistance price 195.400.
GpbJpy Longterm - SellWe expect an increase in the JPY as the Bank of Japan starts its interest rate hike process and signals that it will continue.
All developed country central banks have entered into interest rate cut processes. The only exception is Japan. We expect this process to initiate a significant recovery in the JPY, which has lost 50% of its value over the past two years.
GBPJPYLarge engulfing 15 min candle,
trend overall bullish
current trend down
small lot size
small sl move into entry at 20 pips
protect capital
SL scale winners
aiming for 5 trades total
1/5
GBPJPY: Bearish Move From Resistance Confirmed 🇬🇧🇯🇵
GBPJPY nicely respected a key daily horizontal resistance.
The price formed a double top pattern on that and violated its neckline.
With a high probability, the pair will continue falling.
Goals: 194.0 / 193.5
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Possibility of correction It is expected that the upward trend will be completed in the specified time frame and the specified resistance levels. Then it will be possible to start a downward trend If the price crosses the 138% level, the upward trend will continue
GBPJPY H4 - Short Signal GBPJPY H4
For those that watched the market analysis and live charting video, you would have seen us discuss GBPJPY and the 195 psychological price/sell zone. We have since seen this zone tested and subsequently rejected. How much mileage this setup has... I don't know, but if we can break 194.500, we should see a send lower.
A break and candle close around or below 194.500 is important, breaking this H4 and H1 consolidation, EUR and LON session could certainly be enough to drive this setup where is needs to go.
GBPJPY LONGSWeekly: Bullish if closes avobe 192.000
Daily: Bullish
4h: (Last bearish candle broke
previous low. However it is coming
back as if creating a fake out.
Area of interest
Psych level 192.000
my idea on gbpjpy GJ has been showing agressive move to the upside throughout last week. lets see what this week holds .DYOR
GBPJPYWe are looking for selling opportunities as the market has given us a bearish wedge that will result in sells to the downside resulting in sells
GBPJPY Trendline Breakout , All eyes on sellingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
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GBPJPY Resume uptrend?Hello traders, GBPJPY after long down trend, the market looks like resumed it's uptrend and may continue to push higher as the price is currently in a strong trend. With daily bullish engulfer, 4h bullish pattern we may GBPJPY is trending higher and we will wait for potential confirmation for this movement.
