Whilst USD/JPY remains range-bound within a tight range just beneath 150, GBP/JPY appears to be making a break higher. The daily chart remains in a strong uptrend and momentum has recently realigned with that trend. Prices have teased the retracement line ahead of the UK open, so we're either looking for prices to break above the prior swing at 138.82 high or...
GBPJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Short term bias has turned positive. Preferred trade is to buy on dips. Previous resistance at 184.29 now becomes support. We look to Buy at 184.30 (stop at 183.70) Our profit targets will be 185.80 and...
Because the interest rate difference between the US and Japan is still large, the sell-off of the yen in the market continues to accelerate despite the BOJ's decision to maintain loosening yield curve control.
Hello traders, as per my previous trading plan published on 27 October, we placed our buy order in GBP/JPY@180.85. GBP/JPY went very close to the 100-day EMA level which triggered our buy entry. Keep in mind, if the level holds, you can expect further uptrend. 183.71 would be the first hurdle which if cleared would take GBP/JPY towards 185 and even 187.
Hello traders, if you followed my previous ideas on GBP/JPY you already know that we have been buying the dips below 181. We had a couple of buy positions near 180.80 which generated over 160 pips on each trade. Currently, if you look at the daily chart, you can see that the price has rebounded after moving very close to the 100day EMA . With BOJ keeping the...
A new week is upon us, a lot of bullish price action and candle patterns on all timeframes for GBP JPY so GJ could be moving bullish this week. We first have to see if it will pull back to create a weekly candle bottom wick before doing so.
GBPJPY had a very explosive bullish week last week. So this week I'm waiting to see if price will pullback to provide an entry before potentially heading back up again. Please use your own risk tolerance and analysis before following this trade idea. 😁 Like this video post and comment below what your personal analysis is on this pair. Safe trading.
GBP/JPY - H1 Chart - Bullish Flag Pattern price breaks the pattern now Its good chance to buy now Thank you
supply demand strategy long position use fresh h4 demand
Price accumulated below the lows, within a Daily imbalance. Following order flow up, I want to see us respect the current 1H range and continue higher targeting the equal high liquidity on the daily.
GJ break out of a bearish flag, expecting price to continue rallying up to the upper part of the ascending channel on the higher TF before anticipating a reversal. PS: I use very risky SL, it should've been below the previous low.
if the price holds POC. omega entry on GJ will be good to take. since L50 seems to be swapping to sell zone. Grade B risk here.
Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
looking first bearish trend for short term then buy after compalte 4th wave
HTF is typically bullish as seen on H4 and weekly TF, now on the H4 & 15m price has BOS the has a deep pullback, when we go lower to 15m we see a Order Block ( Demand Zone ) where i expect asian low liquidity to be sweep towards the OB the price rally up quick.
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This situation in the GBPJPY market appears to be a clear illustration of a stop hunt and market imbalance: 1. The market is currently in a period of consolidation, trading within a horizontal range on a daily basis. 2. Earlier today, there was an attempt to break below the support level, and the market even traded below that level for a while. 3. However, what...