Position Trade - GBPJPY
Look for LONGs with caution as price is reaching the Monthly Supply
In the Weekly Chart, there is about 600 pips before price reached the Weekly Supply proximal line
Hence, in the Daily Chart,
- There are 2 potential BUY zones to place trade/s
- Traders should decide if the risks are worth it to take 2:1 or less than that since...
Hello traders,
GBPJPY is still on a bull trend.
I guess you agree with that.
Now the issue only focus on where to join .
We got three support zone on 4H chart to check with later .
Going long on those support zones could make the target up to fibo ext 1.27 position 175.
GOOD LUCK !
LESS IS MORE!
Buy GBPJPY Falling wedge pattern
Price breaks the wedge pattern now, its good chance to buy
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Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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Fundamental analysis
According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area.
Market overview before news
In addition to the unexpected upturn in mortgage activity,...
Technical analysis:
The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days.
Market overview:
Monetary authorities...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The British pound has fallen initially during the trading session on Tuesday, only to test the support level that we have been dealing with for several days now. Ultimately, this market continues to see a lot of back-and-forth, and that makes quite a bit of sense considering that people don’t know what to do with the economy. However, the interest rate...
Hello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please...
-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP...
Gbpjpy was on Consolidation zone, and today has broken this Consolidation, we have to wait for one pull back retest, and then we can go buy.
Stop loss 172.430
and target 174.600
GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical...
GBP/JPY Potential buy & sell opportunity on GJ
wait for confirmation before entering any trades
potential entry around 162.000 support area
for buyers to take over the market.
If price break & close below 162.000 support area
There's possibilities that price can head back for
weekly lows on GJ.
Pay attention to price action.
As we can see on PEPPERSTONE: GBPJPY 4 hour chart setting up for another long setup. We can see clear liquidity area below the current consolidation & also clean demand zone which occur BOS (brake of structure). With in next week we are accepting price fall to demand zone & price will make another new high.
