Technical Overview The GBP/JPY currency pair showed a bullish-harami candlestick pattern on Friday, which resulted in consecutive positive gains. This pattern was further confirmed by Monday's price action. The pair initially reached a low of 168.86 but quickly rebounded and surged towards 170.49. Currently, the GBP/JPY is trading at 170.47 as of writing.
since gbpkpy os forming a lowerhigh on my bigger time frame and this high is holding ill be looking for a sell at this level just waiting on bearish confitmation on the 15 min and the 1hr just for a little bit more conviction make sure you keep eyes on this and most likely other yen pairs im looking for yen strength today as long as thes highs hold
GBP/JPY is at a critical level. In the daily chart, you can see that price is quite overstretched and a correction is necessary. However, in the 4H chart, price has rebounded from the dynamic support in the 168 level. So, it is important to exercise some caution. 168 is the key level. If this level holds, then price may continue to keep going higher. However, if...
GBP-JPY is trading in an uptrend And the pair has formed a bullish pennant So I am bullish biased and we have seen that A bullish breakout that will be a sign for us To go long on the pair !
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Waiting for a retest of 167.995 to longGBPJPY back up to prior highs at 172.332 If you agree drop a like and if you have nay questions leave a comment :)
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price took sell stop liquidity and rejected from imbalance + institutional big figure 168.000. Like, comment and subscribe to be in touch with my content!
GBP/JPY is currently in an uptrend in the 4-hour chart where price is about to reach a key level in the 168.50 zone. At present, I do not recommend taking any trades in GBP/JPY as we have BOE event coming up in the next few hours which will lead to a lot of volatility in GBP pairs. However, if the uptrend line for GBP/JPY is intact and we can see bullish Price...
Technical Overview The price is moving now within the 0.5 and 0.618 frames of the fibonacci retracement. Anticipate short-term uptrend continuation Plan trade in the intro
STRATEGY LONG British Pound Sterling Japanese Yen traded at 171.115 this Friday April 28th, increasing 3.864 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, GBPJPY gained 4.63 percent. Over the last 12 months, its price rose by 4.84 percent. Larger bulls are likely to take a breather in coming sessions as 14-d...
The GBP/JPY achieved three days of losses, though buyers are moving in as the Asian Pacific session begins. After hitting a weekly low of 168.05, the GBP/JPY bounced off, is trading at around 168.85, and gains 0.07% as it’s approaching the 169.00 figure. BUY GBPJPY zone 170.00 - 170.20 SL: 169.80 TP: 171.25
This is an Intra-Day trade idea. Possibly during Asia or London session. Will wait for the break of 171.25 and look for a LTF entry at 171.00.
It looks like there will be something interesting if you look at the trendline on the H4 timeframe. If you draw a line from below, it will be seen that a Fake Breakout has occurred. But if it is a breakout then the decline will reach the 165 area, becoming a strong support determining area to return to the positive trend.
GBPJPY Buy trade targeting 169.70, 170.30, 171.23 $ 172.59 with SL below 168.55 Heed your DD!
Waiting for a retest of 167.991 to long GBPJPY back to prior highs at 172.075 If you agree drop a like and if you have nay questions leave a comment :)
Fundamental Overview The GBP/JPY pair is nearing its highest point in six months at 172.17 following a break above the consolidation around 171.00 during the Asian session. The Japanese Yen has been affected by the new Bank of Japan Governor Kazuo Ueda's support of an ultra-dovish monetary policy to maintain consistent inflationary pressures above 2%. The BoJ...
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of double bottom coupled with bullish divergence (Bullish reversal pattern) Entry at the break of trendline, SL & TP Levels are defined.
OANDA:GBPJPY Perfect Long Setup in 1 hr Chart. Support and Resistance