For the last few days, GBP/JPY is consolidating in a small range in the minor support area that I have highlighted in my chart. This area is also important because the 100-day EMA lies just above it. If we can see a strong bullish impulse now, there is a good chance that GBP/JPY will rally to the upside again with 163,165 and 168 being the immediate...
GJ found resistance by forming double tops at 162.630. so it needs to breakout of that resistance to continue moving up to 163.543 key zone. And if gj breakout of recent support at 161.961 then it could push down to previous support at 161.601 or 161.250.
If the price makes a breakout of previous high 162.185 the gj might continue to push up to the key level 162.654 while respecting the uptrenline & the recent low 161.572 as its support.
GBPJPY if is to continue to push up to 164.758, then it needs to respect the uptrendline & the key zone at 159.962 as its support. A breakout of that key zone would be a breakout of the uptrendline leading gj to push down all the way to 157.869.
GJ created a ranging phase from 162.022 to 161.106 which it needs to make a proper breakout of to continue moving in the direction of the breakout as mentioned by the arrows in the chart.
GBPJPY needs to make a breakout of the recent downtrend line to continue pushing up to 162.011
GBPJPY consolidating in a narrow range between 163.56 and 160.80 If break down triangle further down trend
Hello 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.
Wait for the define support. When market comes into it then find buying opportunity on it.
GBPJPY has a ranging phase from 162.673 to 161.249. We're waiting for a break and close above or below the ranging phase to look for further trades in the direction of the breakout on gj as mentioned by the arrows in the chart.
GBPJPY pared some of its gains on the weak pound sterling. It lost nearly 150 pips against the US dollar after the Fed meeting minutes.
Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
if GBPJPY fails to close above the 162.7 resistance, then it's going to continue its recency short
GBPJPY gained sharply above It has shown a minor decline despite upbeat UK CPI. the pair is holding above short-term 21-EMA, 55 EMA, and long-term 200 EMA (162.13).
Hello 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.
Hello traders! ✅ This is my trade on GBPJPY . Here I expect bearish price action as price took out liquidity above previous daily high and rejected from bearish orderblock + institutional big figure 163.000. Like, comment and subscribe to be in touch with my content!
GBPJPY (4H) has formed a strong bullish engulfer with a liquidity grab from the monthly support zone. At the same time, there is an inverted head & shoulder have formed on the 4H timeframe. This market is long-term bullish and there is a high probability that GBPJPy continues to rise from this zone to continue it's long-term uptrend. Press the like button if you...