GBPJPY BUYHello, according to the analysis of the GBPJPY pair, there is a good opportunity to buy. With the break of the downward channel as shown in the analysis, we also notice that the price returned to the downward channel to be retested successfully. All these factors confirm that the market is for purchase. good luck for everbody
Gbpjpyanalysis
GBPJPY Long Term SELLING Trading IdeaHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY 1H analysisScenario:
Price is currently ranging, liquidity has been built up below and above, buyers has been absorbed with divergence impact, price is currently building up to retest the 70 - 80 zone.
Expectation:
Once price takes out liquidity below, I will look for bullish 15m BOS and buy on the second retest block. Once price takes the liquidity above or reach the POI zone, I will look for 8m/15m bearish BOS and then make entry on the retest block.
Comment:
Making entry within the price range without waiting for the liquidity of either sides to be taken will not be ideal.. Best of LUCK !!!
GBPJPY 4H Analysis Scenario:
Price is currently ranging with a liquidity build up above and below. For the fact month is on a retracement to form a HL as seen on my monthly analysis. It is idea to envisage for valid shorting positions.
Expectation:
I expect to break out of the range and clear some liquidity and the break structure on 15m on either side before heading to either direction.
Comment:
Keep an eye on my entries for these analysis.
GBP/JPY hourly chart analysis, range trading possibleHello traders, in my previous GBP/JPY analysis I recommended selling
at 182.70 as it was a hourly resistance. If you followed that idea, you
made over 150 pips profit as price reached the hourly support.
Currently, the price has rebounded from the 181.20 hourly support level.
We have the formation of a reversal candlestick and based on the momentum,
we can see price reach 182.80 level once again.
GBP/JPY LOOKING BEARISH!We can clearly see this pair is in a BEARISH Trend by looking at the Daily timeframe.
Switching to the 1 Hour Timeframe, I can get a better picture of when I need to enter this market.
Price has tested the Pivot all week and continues to bounce between it and a strong support at 181.250.
MACD showed me a cross, RSI is under the MA and price is under all of my EMA's for added confluence.
Entry - 181.785
TP- 181.250
SL-182.035
Hoping for a little over 50 pips for this trade! Cheers!
FX:GBPJPY
GBP/JPY 1Hour chart analysis, another dip to 181?Hello traders, sometimes, it is necessary to analyze the lower time
frames. So, in this idea, we are going to take a look at the hourly chart
of GBP/JPY.
As you can see in the chart, 182.80 is minor resistance level on the hourly
chart. So far, we have seen 3 price rejections at this level.
So, if there is a formation of bearish candlesticks in this level once again,
expect GBP/JPY to fall to 181.20 again.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Descending Channel Breakout We expect further upside on this pair which is signalled by the breakout of the descending channel pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
GBPJPY: Price action and potential setupsGBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest.
As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA provides support to the downside. resting around the 181.774 mark.
Key Levels to Keep an Eye On:
Support levels:
181.77
180.00
178.33
Resistance levels:
183.00
184.06
186.72
GBPJPY: Hello traders! The return of Sphyn♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar
🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela
① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on oil-producing Venezuela and Washington is stepping up efforts to prevent the Palestinian-Israeli conflict from escalating.
② Multiple sources said Monday that the Venezuelan government and opposition plan to resume long-stalled negotiations on Tuesday; President Maduro said this would benefit the 2024 election, a move that could prompt Washington to ease sanctions.
③ Oil prices rose sharply last week on concerns that the conflict in the Middle East could widen, with Brent crude prices rising 7.5%, the largest weekly increase since February.
④ US President Biden will visit Israel on Wednesday. Israel is preparing to escalate its offensive against Hamas militants, sparking a humanitarian crisis in Gaza and raising fears of a wider conflict with Iran.
⑤ ANZ Research said in a report on Tuesday, "Risks remain, with Iran's Foreign Minister warning that the war could expand to other fronts and is approaching the inevitable stage ."
⑥ The Biden administration is looking to increase oil flow to the global market to ease high oil prices. But due to a lack of recent investment, it will take some time for Venezuela to actually increase oil production.
Best level to buy GBP/JPY : 178Hello traders, in my previous GBP/JPY Trade idea, I recommended
selling GBP/JPY@183. If you followed me, you made over 200 pips.
Currently, price is slowly drifting lower. In fact, there is a high chance
that GBP/JPY may keep falling towards 178.
At present, I do not have any open positions in GBP/JPY.
However, if price falls to 178 level, I would consider opening a buy trade.
GBPJPY; Massive Head & Shoulders forming on the Weekly!A massive Head & Shoulders formation on the Weekly chart (and, obviously, on the daily), forecasting a -9% plummet in this pair upon completion . (I.e. It will have to break down, first!)
There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words:
- Cheap continental (EU) capital flow has long ceased - Brexit;
- Since 1990, while ~40% of EU manufacturing profits have "trickled down" to the "average Joe"s the same wealth transfer was limited to only ~8% of the UK's population. (E.g. Germany financed virtually all of the British capital expansion in the last 30 years which Britain freely squandered away, permanently.)
- Probably the most interesting/significant factor is this:
IFF A.I. fulfills even a fraction of the "hopes" attributed to it's recent rise and practical promises (GPT-x, etc.), interestingly enough Britain is in the "sweet spot" to be the most devastated by any value added by the "A.I. revolution"! (We have conducted an extensive, multi-month research project before arriving to this conclusion. Time allowing, we will attempt to include the most practical/trading related aspects of those results here.)
- Japan continues to come out of it's 30 year slumber and there are tangible signs of continuation of this progression. Also, in the presently unfolding multi-polar "new world order" the undeniable winning block will be most likely the NAFTA + Japan "manufacturing & trading block". At present, the two fastest developing regions of the world are;
1) Texas + Northern Mexico;
2) Japan + S.E. Asia (while China's problems remain well out of reach for any solution - I.e., demographics, etc.)
We are actively looking for a Short Entry at these levels.
Here is a closeup - Daily;
GBPJPY Analysis 13Oct2023The currency pair of GBPJPY has recently touched the Fibo area of 0.236 and experienced a bullish move. Currently, there has been a BoS and the Sturcture Market is showing a strong indication of bullish continuation. If the price declines again, it will only be considered a correction from the bullish trend that has occurred. It is important to note that the price decline is within the invalid area limit. This provides further support for the bullish trend that is currently prevailing in the market.
GBPJPY BUYHello, according to my analysis of the gbpjpy pair. The pair is in a positive state. We notice that the market rebounded from the 179.900 area, which is considered strong support. We also notice the formation of a strong candle with a tail indicating the strength of buyers. The price also respects the descending channel as shown in the analysis. good luck for everbody
GbpJpy- Drop ofter confluence resistance test?In my previous analysis on GbpJpy, I said that the pair could rise and test confluence resistance at around 183.
Friday's close found the pair exactly in that level and after the gap from Monday's open, the pair continued down.
At this moment the pair is trading in the support given by the recent ascending trend line and a break above this level is probable.
In such an instance, continuation is probable and the paint could reach the previous low.
I'm bearish as long as the price stays under 183
GBPJPY SHORT IDEASo this would be my next setup for this pair,going short if it breaks the low,chasing 650 pips profit,but take your own decision how long do u want to keep trade going because on daily we can spot a big rejection half move down,where price could possibly reverse,take partials or keep your sl above last hi.Happy trading everyone,september was extremly choppy,lets see how will october be.
700 Pips Sell TP hit in GJ, now time for buys?Hello traders, in my previous ideas in GBP/JPY last month, I recommended
selling the rallies in each of my ideas. In fact, my first sell entry was at
185.50 level with target at 178(link to the previous idea attached below).
So, whoever followed it has made over 700 pips profit.
📌Currently, GBP/JPY is around the 100-day EMA level which might offer
some support.
📌Yesterday's daily candlestick already has a long wick at the bottom.
📌If the daily candlestick ends above 180 today, there is a good
chance of a resumption of uptrend in GBP/JPY.
GBPJPY WEEKLY TRADE UPDATEHi all
I find that the gbp/jpy move in the sideways market has a bias upwards.
Weekly support at level 180.39, and if the price rejects that level, I'm looking for a three-wave uptrend, as the chart shows.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
GBPJPY Day trading setup!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY: 400+ PIPS SETUP Do Not Miss Outdear traders, hope you had a great weekend, now back to the business , we are expecting price of GBPJPY to reach the top in coming days, as the JPY will continue the bearish trend. GBP however, it is yet to be bullish as long as DXY remain extremely bullish. It will be hard for the prices to have strong bullish price action.