GBP/JPY LONG MOVEThe bullish move is still on as the instrument is heading for upper weekly levels... Enjoy the retracements as we sharpen for the move in, wait to see strong bulls in H4 and refine in H1, then we take a risk. Thank you.
GBPJPY trade ideas
GBPJPY #GJgpbjpy idea using elliot wave and fib retracement so we will be trading a small retracement then continue with the wave
As of December 30, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, according to Elliott Wave analysis. The short-term Elliott Wave sequence from the low on August 5, 2024, indicates a bullish progression, suggesting the potential for further appreciation.
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In this context, the rally from the August 5 low appears to be unfolding as an impulsive wave, characterized by five distinct sub-waves moving in the direction of the prevailing trend. This pattern typically signifies a strong and sustained upward movement.
It's important to note that Elliott Wave analysis is inherently interpretative and can vary among analysts. Therefore, it's advisable to consider multiple perspectives and incorporate other technical and fundamental analyses when making trading decisions.
I WAS Rightplenty of rejections, And a llloooongggg asss wick i knew but moved stop tighter and yeah
GBP/JPY H1 | Potential bullish bounceGBP/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 197.87 which is an overlap support.
Stop loss is at 197.09 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 198.81 which is a swing-high resistance.
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Buy trade GBPJPY till we see 65 pip Dow moveBuyin 198.41 not Sellin like last trade Yep, it happens faster the down move, failed to exceed 65 pips
Sellin GBPJPY 198.98 cause tgt hit Zero drawdown Sal going the target was hit to the pit and the written rules say we put a five pitstop blossom on it and reverse the trade. I do this all the time.
gbpjpyThere is a resistance in the 199,000 area in the ascending channel trend on the gbpjpy 4-hour chart. With the break of this resistance, we can see an increase to the upper band of the channel.
GBP-JPY Potential Short! Sell!
Hello,Traders!
GBP-JPY grew up sharply
And the pair is locally
Oversold so after it hits
A horizontal resistance
Of 199.805 we will see
A local bearish correction
Sell!
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GBPJPY SELL PROJECTION GBPJPY is at the highest daily demand zone and I expect price to drop and go short. Price has to break down from the trendline and then retest to the zone Nd go short
GBPJPY Trend Analysis"All Insights are given on Chart"
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Good Luck folks
GBPJPY Set To Fall! SELL!
My dear subscribers,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 198.39 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 195.23
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPJPYI'm anticipating a potential bullish continuation if the price breaks above the 4-hour resistance zone.
GBPJPY LOOKS BULLISHWe are Bullish since 182 level looking at 199 as our target hopefully it plays out as expected , if not bearish trend will start as soon as it breaks the trend line happy trading
GBPJPY TREND BULLISH Week 52Last week
"If the price retraces to this zone, it could provide a high-probability buy opportunity. The projection assumes a continuation of the bullish trend,........"
GBPJPY continued bullish to TP as forecasted base on Fundamental Analysis.
So keep following structure bullish this week, until structure flips
GBP/JPY ShortAs of December 28, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, with the current exchange rate around 198.56 JPY per GBP.
Support and Resistance Levels:
Support: Key levels identified at 197.80 and 195.85, providing potential price floors in case of a downturn.
Resistance: Observed at 199.79 and 203.58, which may act as barriers to further price increases.
Technical Indicators:
Moving Averages (MAs):
Short-Term (MA5, MA10): Indicate a 'Buy' signal, suggesting upward momentum in the immediate term.
Medium to Long-Term (MA50, MA100, MA200): Show 'Sell' signals, reflecting previous bearish trends.
Relative Strength Index (RSI): At 62.48, indicating moderate bullish momentum without entering overbought territory.
Moving Average Convergence Divergence (MACD): Positive at 0.3796, suggesting potential for continued upward movement.
Market Sentiment:
Analyses suggest a 'Strong Buy' signal, reflecting positive market sentiment towards GBP/JPY.
Would be a Great Opportunity to get the BUY Phase on the way up but I'm looking for the sell Phase opportunity on the way down because its a more comfortable play and yields a better opportunity for me. After the Bulls ease off from buying. Historically January usually is always a Slow month in Great Britain so this will give buyers Yen a bit more purchasing / buying power.
Remember its not how it moves but when. Will be setting Price Alerts for this closer to the time.
Patience in the market. Let it Come to You!
Sell gbpjpyAm expecting a reversal if the immediate resistant hold it is a good opportunity I can see all at our poi
