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Gbpjpyprediction

#GBPJPY- PRICE HEADING TO MAKE YEARLY HIGH 2023HEY EVERYONE, GBPJPY has been bullish since last week sells off where price touched down the discounted price zone where it rejected and currently heading towards to make yearly high. It is possible due to GBP; continues to shows strong bullish momentum and where JPY is tumbling and showing no size of bullish behaviour. Last week selling has been recovered and indicating price dropped for a specific reason most of the selling position would have been wiped off and now retails trader will continue to jump in the market with sell orders. For us it would be wiser to wait for the price to come to our zone where we can sell for long shot. Two opportunities are here, firstly is obviously the buying opportunity until it reaches our selling zone where we can sell for big bearish impulse.
Short
by Setupsfx_
20
20 Reasons For Sell GBPJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1: ✨Eagle eye: Extremely Bear, But Current Move is lower high 2: 📆Monthly: Clear bull trend at monthly 3: 📅Weekly: A strong Order block at the previous top after its price goes higher low, low trend confirmed at weekly 4 🕛Daily: A clean intra-bear trend and inner structure make a choch, so officially at daily tf right now, bearish 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: change in Guard correction 7: 3 Volume: High volumes on bearish candles good for the bear 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways 9: 5 Volatility measure Bollinger bands: Squeeze 10: 6 Strength ADX: Bears are gaining strength 11: 7 Sentiment ROC: JPY is much stronger than GBP, ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bigger structure is extremely bearish 13: entry move: waiting for an impulse move 14: Support resistance base: premium OB 15: FIB: waiting ☑️ final comments: sell At 5 min choch 16: 💡decision: sell 17: 🚀Entry: waiting for confirmation 18: ✋Stop losel:162 19: 🎯Take profit: 151 20: 😊Risk to reward Ratio: 1:7 🕛 Excepted Duration: 20 days
Short
by Optimum369
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 159.78. Also, according to the GBPJPY STRUCTURE, it can move up to the 167.38 RESISTANCE LEVEL before SELL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
Bullish GJ going into Sunday/Monday Price looks to be setting up a good 5 wave move. Currently price looks to be in corrective wave two. Come sunday if price can push past the zero lvl of the fib we can be in motive wave 3. Another confluence is within corrective wave 2 there is a sub 5 wave and a abc corrective. With a 50% retracement of 350 pips. The extension or motive 3 is right on par with the move. This is only valid if price can push past the zero lvl. Be prepared for price to also keep digging into the fib maybe to the 682 lvl or even 786 lvl.
Long
by Stinkjimjim7
GBPJPY Bank collapse draining GJ Currency Pair : GBPJPY Possible direction : Bearish Technical Analysis : GBPJPY has broken out of the daily support zone and currently on a pull back on the lower timeframe. Price currently gathering liquidity on the intraday by making multiple false breakout and slowly breaking down to create a new lower low. It is highly likely price will continue to drop to monthly support level. Fundamental : Silicon Valley Bank collapsed has given strong boost in Jpy making GBPJPY weaker. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 156.77. Also, according to the GBPJPY STRUCTURE, it can move up to the 162.14 RESISTANCE LEVEL before SELL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall