GBPJPY has consolidated in the daily chart since the start of the year, following a steep decline in December. The price for GBPJPY keeps bouncing on the major area between 161.800 resistance and 156.300 support on the daily timeframe. There is also a minor consolidation between 161.800 and 160.600. This minor consolidation area is highlighted between the 50-EMA...
GBPJPY Has retested off the key support zone again to create the end of a triple bottom that we previously saw break out bearish but with last weeks positive news for GBP and the downward trend of the JPY add confluence to the pivot point and we could see prices rise, that being said amidst the gloomy outlook on the undecided interest rates in the UK it would be...
Taking the divergence, almost triple top patterns into consideration, the market has left us with a plausible bearish cause to decide upon, knowing well that the price is still trending above the trendline.
For a bearish setup to be strongly confirmed, price needs to break below the trendline and also break the previous low (BOS).
Alternatively, if the price...
Pair Name : GBPJPY
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 350 Pips
Neat and clean chart with clear setup, no junk on chart.
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GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
Main trend is BEAR since October 2022
Price is entering a powerful historic resistance area
2 rejections have already passed from this area last week making a double -top
Price is under de 200, 150, and 50 EMA
IF we get a good Bear candle it will mark the way
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Hello traders around the world.
My name is Alexandre Karim and today we will check GBPJPY and plan it for next week!
On the 1H chart, we can clearly see that the price is shaping up nicely reaching a high probability area + rejection line @ 162.000 and 162.331 level, knowing that the price is squeezing (Signaling a drop).
I will be waiting for a reversal pattern...
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.
Dear Traders, GBPJPY is in progressing into a big sell, price had rejected at the internal lq zone in our opinion price is expecting to drop until 156.
-Risk entry would be entering now and stop loss above the previous high wick.
-Safe entry would be to wait for price to show some bearish momentum.
Good Luck and Trade Safe
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The pair has been ranging in the bearish channel, making series of highs and lows.
Currently the price just made a double / flat top at the upper wall, the reflecting a Higher Low at the stochastic indicator (revealing a price Divergence)
A sell trade can be anticipated for anywhere and target the support wall of the channel.
gbpjpy clearly in a uptrend on lower time frames and also pivots still showing trend up at the moment but this level gettin hit on the 4hr we could see a nice pull back which would be perfect for tomorrow for a buying opportunity around 159.1-158.8
now when it get to tomorrows pivot levels i want to see what it does just because we have equal lows "eql" and trend...
All important points are mentioned on the chart with Buy stop and TPs...
This is my personal forecast based on Indicator, previous chart history...
Please do your own research before entering this volatile market of Forex...
Immediate Local Resistance @ 159.275
If broken upwards then