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...
Dear traders, in a quite expected move, GBP/JPY rallied almost 200 pips
from 172.65 and reached the resistance level as indicated in my chart.
Currently, we are seeing the formation of multiple bearish candlesticks in
the 4H chart. So, this gives us a moderate bearish bias.
If this bearish price action persists, traders can consider selling...
-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...
Investors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle....
Pair : GBPJPY ( British Pound / Japanese Yen )
Description :
Rising Wedge as an Correction in Long Time Frame
Impulse Correction
HH - HL
Divergence
Break of Structure
Bullish Channel in Short Time Frame
The bullish momentum in GBP/JPY is fading. From the chart, you can see that the
price action in the highlighted zone is quite bearish as we have multiple bearish daily candles.
So, I would recommend traders to keep an eye on potential sell entries between 174.40-175
with SL above the zone and TP at 167.45
Greetings Fellow Traders:
We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance...
It did hold pretty well...
But wow factor is that we mentioned 172.87 as our Target 🎯
And rest you can see by yourself
Congratulations to those who took benefit out of this analysis
Price is currently at the fibo extension of 0.618, coinciding with a possible reversal on H4. I am more inclined to sell as long as price remains inside the blue box, with a small SL placement and TP distance.
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.
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,...
Hi traders!
The current market conditions suggest a potential reversal in the GBP/JPY exchange rate, pointing towards a local downward trend. we are adopting a cautious approach and anticipating a temporary retracement in price before initiating any trades. This strategic decision is in line with our analysis of a channel up pattern and downwards crossing the 100...
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.
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...
-GBPJPY have created HH and currently rejected from there, however, the trend has not yet confirmed.
-If DXY remain bearish in this week, it will help the JPY to bounce back strongly, meaning GJ to drop further.
-Entry is only valid if it break the structure and retest at our area of entry or else avoid entering.
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...
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.
