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.
Gbpjpyforecast
GBPJPY (30)Hello, today earlier in the Asian session TP2 was hit on our fib level -27.00% and currently, we are sited on zone that has been tested as resistance and support in the past as this is a strong area, so there might be a break and retest of that zone before pushing to -61.80% and perfect for an entry. more so we are inthe process of moving to our last TP before we go in for a reversal, as when price hits -61.80% we tend to have reversals, although other confluences can support your judgement before executing such as trend lines, divergence, Break and retest and my absolute favorite market structure.
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GBPJPY ( 30) Hello, yesterday we saw a huge push to the upside, and is once again hitting the 167.00 as of today, currently I want to see a break and rested of the upper zone before heading up to 167.400, and hitting the -27.00% fib level as TP 2 since it already hit 0.00% fib level, TP1.
Although trade when all confluences are lined up.
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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.
GBPJPY - Dipping for good risk/reward?GBPJPY
Intraday - We look to Buy at 161.85 (stop at 160.75)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips.
Our profit targets will be 165.00 and 168.40
Resistance: 164.30 / 168.40 / 175.00
Support: 159.70 / 155.10 / 151.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPJPY (1W)Hello, for this week I want to see the market open with a small bullish momentum, although it’s at a critical area, next to weekly foundation level and near a trendline and zone. So am expecting a retest if the trend line before pushing further to the upside, more so its near the 61.80% fib level which is for reversal but if it passes that level and doesn’t reject it, look for it carry to -61.80% thus this is a very critical area, lastly I have spotted some form of divergence, although divergence on larger timeframes tend to take sometime to form. So it’s best to wait for proper break retest of the minor up trend line, as proper confluences should be used before entering the trade.
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GBPJPY: Sterling pound turnaround?!!GBPJPY
Intraday - We look to Buy at 161.94 (stop at 160.80)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 164.80 and 168.40
Resistance: 164.30 / 168.40 / 171.90
Support: 159.70 / 157.65 / 155.10
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPJPY(1HR) BREAK AND RETESTHello, I want to see a retest of the zone, then a break to the upside and more so, we are in correction stage there after will move to continuation stage, then a break to the downside after as an overall structure
Have enough confluences before entering a trade.
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GBPJPY | Perspective for the new week The GBP/JPY pair witnessed selling pressure around 160 area in the last one week as profit-booking happens. From a technical perspective, I am of the opinion that there are two possible scenarios lining up for us going into the new week as a breakout/retest of either the resistance or support trendline identified on the 4H time frame could send the price in the direction of the breakout or breakdown. However, it is also appropriate we put into consideration that the BOE is expected to announce a bumper rate hike in its June monetary policy which might have a significant impact on price movement.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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Past performance is not necessarily indicative of future results.
GBPJPY I want to see the market scale down for correction stage and continue with the bullish momentum afterwards currently it hit the -61.8% minor structure scaled down a little and continued with the bullish momentum, because currently we are in a correction stage (major structure) and minor structure is also in corrective stage
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DeGRAM | GBPJPY shorting opportunityGBPJPY is moving sideways like other JPY pairs.
Price action has reached a resistance level 160.500.
We're considering taking a short trade from resistance.
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GBPJPY : Shorting the GBPJPY with a plan 13.5Simple, practical, professional.
This is a very technical movement which is reviewed.
It's based on the Head & Shoulder bearish candlestick pattern.
When a Head & Shoulder pattern breaks, it aims for a movement down the size of the movement up between the neck-line to the head.
In this case, the distance between the head to the neck-line is 900 pip , from 160 to 169.
So the break back below 160 is now projecting a movement of roughly 900 pip lower to around 150.
This makes a lot of sense as this area is a horizontal support zone stretching all the way back to beginning of 2021.
Target may be achieved in the mid term of days to a couple of weeks.
Within the down-trend a retest of the neck-line may take place back to 160.
A break back above 160 with a candle close may show for a false break down.
158.20 is also an important horizontal resistance, a break above may confirm movement back to neck-line at 160.
Trade safe!
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