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Gbpjpyanalysis

Bullish Opportunity in GBPJPY - A Technical AnalysisBullish Opportunity in GBPJPY - A Technical Analysis #GBPJPY #ForexTrading #TechnicalAnalysis #TradingView Hey traders! 👋 Let's dive into a technical analysis of GBPJPY on the 1-hour time frame and explore an exciting opportunity. **Overall Trend:** 📉 The overall trend on GBPJPY in the 1-hour chart is bearish. **Bullish Divergence:** 📈 We've recently observed bullish divergence on the lower lows (LLs) in the 1-hour chart. This is a sign of potential trend reversal. **Pattern Analysis:** 📊 While there's no clear trend continuation pattern, we have identified an Inverse Head and Shoulders pattern, suggesting a potential bullish reversal. **Bias:** 📈 Taking all these factors into account, our overall bias for GBPJPY is bullish. **Time Cycle:** ⏰ The daily cycle also supports a bullish outlook. **Seasonal Pattern:** 🍂 Looking at historical data, September has shown a bullish pattern over the past 10 years. **Trade Setup:** 📈 - **Long Entry: 184.6 - **Stop Loss: 183.6 - **Take Profit 1: 185.6 - **Take Profit 2: 186.6 **Investment Advice:** 💡 It's important to remember that trading carries risks, and past performance is not indicative of future results. Always use proper risk management techniques, and consider starting with a demo account to practice this strategy. Monitor the trade closely and consider adjusting your stop loss as the trade progresses. Remember, this is not financial advice; it's an analysis of the technical factors at play. Keep an eye on GBPJPY, and good luck with your trading journey! 📈💰 Disclaimer: This is for educational and informational purposes only. Do your research and consult with a financial advisor before making any investment decisions. #InvestResponsibly Remember to adapt your trading strategy as market conditions evolve, and never risk more than you can afford to lose. Happy trading! 💼📊
Long
by T-Q
GBPJPY Long Term Buying 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
Long
by ForexPlanet20
GBPJPY SHORT SIGNAL H1Dear Friends : In the pound to Japanese yen currency pair, due to the presence of resistance in the daily tick frame and also the breaking of the trend line in the 1-hour time frame. Now the price is in the right area to sell The possible position of this currency pair is placed on the chart You can also enter for analysis according to your trading style. You can leave a message to subscribe to the crypto and forex signal channel, I will respond as soon as possible.
Short
by jawad369
Will GBP/JPY fall to 178?Let's analyze the daily chartHello everyone, GBP/JPY made yet another attempt to break the resistance level yesterday but the attempt was not successful. 📌Price has already fallen more than 100 Pips today. If the daily candle ends today with a bearish candlestick pattern, we can expect further fall in GBP/JPY. 📌183.46 is a moderate support level which if broken, would open the path towards 178. 📌My recommendation is to sell the rallies in GBP/JPY.
Short
by MarcellusLUX
4
GBPJPY the monthly : price is fully bullish, we can see that it broke the strong supply and demand zone. weekly; price broke and retraced to the broken supply and demand zone, there are two candles rejecting the zone so I'm expecting a retracement to the downside and then a bullish continuation. daily; The trend is fully bullish there is also a high momentum and we also have the SMA's confirmation of a strong bullish trend, so I'm only looking for buys 4h; There is a probability of price retracing then continuing the bullish trend or breaking and retesting the zone either way ill be looking for a long trade after seeing some shrinking candles on the zone with some rejections and a hammer candle as a confirmation to look for my entry on the lower timeframe RM; sl; below the rejections tp; next s/d zone R; 3:1 minimum
Long
by Ily14
1
Welcome, New Trading Week Commences!Starting off the week with a much needed analysis for the pair GBPJPY. Great British Pound / Japanese Yen This pair has been in a constant incline since CPI in March ... If you don't trade this pair often, at least attempt to focus on my RESISTANCE (sell) zones. Don't forget about the reversal! How to play my chart: Buy at support TP's (green), sell at resistance TP's (red). When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays! All likes/comments and feedback are very much appreciated!
Short
by ExclusivelyFX
GBP/JPY's 30-Minute Support and ResistanceIn the intricate realm of forex trading, precision is paramount. Each level, each movement holds a crucial piece of the puzzle. Let's delve into the technical intricacies shaping the journey of the GBP/JPY pair within the 30-minute timeframe. Finding Ground: Dual Support Levels Amid these critical minutes, GBP/JPY locates its footing with not one, but two support levels: Primary Support - 183.706: This serves as the initial anchor for the pair, providing a foundation that potential rebounds and recoveries can build upon. Secondary Support - 183.300: A backup in case the pair faces increased pressure, this level bolsters its potential to resist further downward movement. Conquering Challenges: Resistance Unveiled However, the path forward is punctuated with challenges. The pair encounters a single resistance point, serving as a barrier that demands an earnest effort to overcome: Resistance 1 at 184.790: This pivotal point marks the primary hurdle for GBP/JPY's upward ascent. A successful breach could signal a shift in market sentiment, opening doors for potential further gains. Insights to Navigate: Charting the Course For traders and keen observers, the interactions between GBP/JPY and these support and resistance levels are a treasure trove of insights. Each movement, each break, holds significant clues about the prevailing market sentiment. The dual supports at 183.706 and 183.300 create a resilient platform, offering opportunities for potential recoveries. Yet, the challenge presented by the resistance at 184.790 underscores the need for a concerted effort to drive the pair upward. As time ticks within this 30-minute span, the movements of GBP/JPY unfold like a compelling narrative. The interplay between support and resistance, between the ambitions of buyers and the strategies of sellers, forms a dynamic storyline that traders keenly follow, seeking to uncover the short-term trajectory of this captivating currency pair.
by enclavefx_Analaysis
GBPJPY: Today!The GBP/JPY cross posts modest gains but remains below the 184.00 barriers during the early Asian session on Friday. The cross currently trades around 183.85, gaining 0.07% on the day following the release of Japanese inflation data. The Statistics Bureau of Japan reported on Friday that the Tokyo Consumer Price Index (CPI) for August, fell to 2.9% YoY from 3.2% in the previous month, against 3.0% market predictions, while the Tokyo CPI ex Fresh Food and Energy remained stable at 4.0% YoY.
Short
by Sphyn-Trader
3