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Gbp-jpy

GBPJPY a test of the 50% Fibonacci level 🦐The GBP/JPY currency pair, on the 4-hour timeframe, is currently trading within a range between the recent low and the daily 50% Fibonacci level. The market saw a drop from its previous high, but it has now stabilized within this range. This range-bound behavior can indicate indecision among market participants and a potential lack of clear direction. Traders may be watching key technical levels, such as the 50% Fibonacci level and the recent low, for signs of a potential break out. The price is also testing the 50% of the range and in the event of a break above the 50% Fibonacci level, it could indicate bullish momentum and a potential rise in price. On the other hand, according to Plancton's strategy a break below the recent low could signal bearish momentum and a potential decrease in price.
by InkyGrip
2
GBPJPY Bearish as long as it's below the 1D MA50.The GBPJPY pair has been trading below its 1D MA50 (blue trend-line) since December 16 2022. With a 1D Golden Cross having formed on January 17, the price is about to test for the 3rd time in a month the 155.770 - 155.400 Symmetrical Support Zone. A break below it would target the dotted line (multi-year Channel Up bottom) and below that the 148.800 Support which has held 5 times since the March 2021 Low. On the other hand if the Symmetrical Support holds, it will make a Triple bottom and it will be a short-term buy opportunity towards the 1D MA50. Any time that breaks, it will extend the rebound above 166.00, which based on the Symmetrical pattern since May 2022, it will be the most optimal long-term sell opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
GBP/JPY NFP 03- 04/02/2023 Possible drop too 155.500 to see if the market will break or pull, considering there is nfp new tonight expecting the drop to continute to 149.000 to wick that demand zone and continue bullish.... banks will take out buy orders at 155.500 stop hunt the orders/ I personally think tonight will have a lot of manipulations for people to buy and get stopped out till NFP news comes out with a finally bearish wick to 149.000 as done previously before the bullish movement let me know what you think .. good luck tonight lets get it $$$$
by BullseyeForex
4
SELL ANALYSIS ON GBPJPYPrice has failed to break the resistance zone multiple times since 2022. price is at the zone again and we can see the change in market structure to a bearish one which shows us reversal. We can also see a breakout of trend line which also helps us confirm that GBPJPY will be bearish. So we have 3 confirmations now which are failure to break resistance zone, change in market structure, break of trendline. We set our SL just right above the resistance zone. TP1 is at the first support zone at 158 and TP2 is the final take profit at 155 with a risk to reward ratio of 7:1. Risk wisely
Short
by zilotheman
GBPJPY LONG BIAS! (UPDATED)Hello everyone! Hope you are all well! And had a great weekend!! :) Some members in my Tel channel suggested me a couple of pairs to analyse, and so here's the first one! GJ for me is looking tricky, I am against selling this pair for long period of time, as HTF shows long, with a clear target of 184.4. I will be watching LTF and Daily for a strong Demand Zone to line up for a potential buy to 166 as a first TP. I hope you enjoy the Top-Down analysis! Any questions? just DM me!! Take care!
Long
by Nedal13
1