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Gbpjpyforecast

GBP/JPYThe British pound has bounced hard at the end of the week, as it looks like we are trying to stay above the previous resistance. That being said, the market looks as if we are ready to go higher, but we need to get above the ¥160 level. If we break above the ¥160 level, then it is likely that we will go looking to the ¥165 level. On the other hand, if we turn around and break down below the ¥157 level, it is likely that we could go looking to the ¥155 level given enough time. You should also keep in mind that risk appetite has a major influence on what happens here as well.
by SmoothJB
GBPJPY(30) DROP DOWN ANALYSIS Hello, i was so happy with GJ last week, my analysis played out on the weekly just like I had predicted. Praise Jesus! So for this week, I want to see price open up with a small bullish momentum, move up to 158.587 price range after hitting -27.86% fib level. If you entered this position for a minor structure buy last week, this will be your TP2, there after drop form a small bearish momentum hit the trend lines, Finally push up with a bullish momentum to -61.80% as TP3 then drop there after. Trade with enough confluences, trade what you see and not what you think. Jesus loves you ♥️
by louisemwesigwa
Head and shoulders pattern on GBPJPY/ The fall is more likely!Hello everyone, I see a great sell opportunity on GBPJPY. The pair looks like it is printing a head and shoulders pattern. I am waiting to see if there can be further bearish developments to the downside and take sell opportunity. For best entries it is wise to wait for price to break below the neckline and see if there can be a solid retest of the area. My goal will be 151.400. Please support this idea with likes if you find it helpful. I will be thankful. If you have any thought on this please be kind to share it in the comment section below.
Short
by Forexintelligence_NA
GBPJPYThe British pound continues to sell off in general, but this particular pair is going to be a little bit different due to the fact that the Bank of Japan continues to fight higher interest rates in that country. As long as that is going to be the case, the British pound has at least a chance of staying bullish. However, the Bank of England has stated that they expect a recession, so if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs. Alternately, if we see this market break down below the ¥159 level, it is very likely that we will drop it a couple of hundred pips.
by SmoothJB
GBPJPY | Perspective for the new weekFollowing over 200pips profit during the last week's trading session (see link for reference purposes); it is obvious that the GBPJPY pair has been displaying a back and forth set-up within a tight range of 160 and 164 areas. With the possibility of the incitement of a retracement wave, the possibility of a bullish momentum can not be ignored as the key level at 160 remains a strong level for buy opportunity going into the new week. Risk Disclaimer: 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. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry