GBPJPY Downtrend Continues! GBP-JPY is trading in a falling channel
And as the pair is in the downtrend
I think that after the pair retests
The falling resistance and
horizontal resistance at 163.656
The move down will continue
Gbpjpyforecast
GBPJPY 20/09/2022Price currently formed resistance at 164.426 support at 163.907. so if price closes below the support, then price could continue pushing down to the next support at 163.464. However if price respects the support & closes above the resistance, then price might continue pushing up to the next resistance at 164.927 creating new higher high.
GBPJPY top-down analysisHello traders, this is complete multiple timeframe analysis of this pair. We see could find significant trading opportunity 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 19/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098 or 164.737.
GJ at an important level!I've been watching this level for some time now. We've been consolidating for some time now but I feel like this coming week is the week for the downtrend to start. We should get price flowing downwards now targeting the relative equal lows. Feel free to follow me and reach out!
GBPJPY 16/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098.
GBPJPY Local Short!GBP-JPY is going up now
But the pair has hit a horizontal resistance
Level at 165.837 and despite the fact that I am bullish biased
We all see that the pair is overbought locally
Thus a correction from the level is a likely scenario
GBPJPY 16/09/2022As we can see the price just made a breakout of a head & shoulder pattern's neckline & came all the way down to retest the next support zone. now if continues to respect the neckline at 164.707 as its resistance & break & closes below the recent low at 163.922 on 30 mn tf then price might continue to push down to the next support at 163.417.
And if price respects the recent low as its support & makes a breakout of the downtrend its moving in respect to, then it could continue to push up to the neckline at 164.707 or all the way up to 165.928.
GBPJPY 15/09/2022Price retesting a recent support at 164.867 while strong resistance at 165.948. Now if price respects the resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615 as a retracement.
However if price respects the recent support & breaks & closes above the resistance then it could continue to push up creating a new uptrend.
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Press like button if you enjoy this content 😊
GBPJPY Daily OutlookGBPJPY pared most of its gains made yesterday on Pound sterling weakness.
GBP surged above the 1.15000 level after UK CPI data. It jumped to 6.3% on a yearly basis from 6.2% earlier.
GBPJPY 13/09/2022Price currently ranging in between a small structure after a breakout of the major resistance at 166.317. now if price makes a breakout of its recent high in that structure then it could continue to push up to the next HTF resistance at 167.928.
And if price makes a breakout of the support in that structure at 166.317 then it can continue to come down as a retracement to retest 165.584.
GBPJPY READY FOR THE PULLBACK!Still eyeing off some shorts on GBPJPY, my last area didn't show and resistance so now looking for price to make a move down after slowing down at this consolidation zone, my best area for entry would be another rejection from the top of this zone. Be aware that price is still bullish short term.. So if I take a position I will be aggressive with moving stops to break even.
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, GBPJPY did not move in a DOWN SIDE WAVE. The reason for that was because of a FUNDAMENTALLY JPY WEAKNESS. XXXJPY has been BUYing very fast since last week.
- JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. So GJ can still be BUY.
- Currently, GBPJPY can move up to the LEVEL of 169.892. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 161.097 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT.
GBPJPY Bullish but soon pullback GBPJPY surged sharply on the bullish pound sterling.
holding above short-term 21-EMA,
RSI Testing 70 level if break more up
but scope pullback at 70
GBPJPY and GBPUSD analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Press like button if you enjoy this content 😊
GBPJPY 12/09/2022While the price is retesting a major resistance zone at 166.306 it also found a recent support at 164.981 & major support at 164.168. Now if price continues to respect the recent support zone and makes a break & close above the major resistance zone then it could continue to push all the way up to the next major resistance zone on HTF at 167.923.
GBPJPY is in buy zone!!GBPJPY
4H : has opened with a gbp and on the first session, it has formed a strong bullish engulfer.
Daily: Resistance is broken and retested a couple of times.
Weekly: A bullish engulfer formed the previous week and this week opened with a gap.
Trend: Long-term trend is up
A possible buy trade is highly probable
GBPJPY - H4 - DECENT SELL OFF COMING GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
GBPUSD 1H - Sell alert (SHS)We have spotted a potential head and shoulders on GBPJPY, we expect to see a drop in price to 164.400. Let’s get ready for the dip yeah!?
NB|USE PROPER RISK MANAGEMENT
ENTRY PRICE:165.800
STOPLOSS:166.500
TAKE PROFIT:164.400
GBPJPY 08/09/2022GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129.
However if price respects the recent support and makes a break & closes abpve the high at 165.129 then gj countinue pushing up creating new higher high.
GBP/JPY fails to break key level, price could fall to 162.70GBP/JPY has failed to break the local resistance at 166.31 and currently, price has pulled back quite strongly from the key level.
We could see more fall in GBP/JPY if the current trend persists. I would be looking to sell if price reaches the resistance level
and target the 162.70 level as my TP
