GBPJPY has been on a long-term bullish trend. the price has taken liquidity on higher timeframe and if reacting to to lower side. Sell!
It seem like there is sell opportunity is forming in GBPJPY if price breaks below the 15M trendline and shows some price action we will continue shorting this pair from 173.875 level otherwise we wait for price rejection from its Major Daily Resistance and then after proper price action we will try shorting this pair
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. Like, comment and subscribe to be in touch with my content!
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 It seems the price has completed a bullish 5-wave impulse Elliot wave and right now it is completing wave 5. Also, we have a big weekly resistance between 174.7-175.1 and likely we will see some price actions there, but wait for reversal signs before taking any short positions. Our technical view has been shown in the chart. If you like it then...
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.
OANDA:GBPJPY We have reached an important resistance level for the third time. In the 4-hour timeframe, we see a wedge pattern that is broken and we are waiting for its pullback. Also, in the daily timeframe after reaching the resistance level, we see the formation of a Hanging man candlestick pattern. I expect the price to fall to the specified areas.
Hey Everyone, hope you are doing great, GBPJPY expected to drop more this week, let's not miss out on this great opportunity. Like And share and as always thank you for your continuous support means a lot!
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...
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
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.
Expecting the JPY to get stronger with potential USA bonds to be sold during the Debt ceiling negotiations- with these highs we could expect a market correction and retest on a crucial area of support prior to more direction.
Short From: 172.517 Stop level : 172.659 TP 171.612 Dear Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
19th May daily key reversal bar made a new high closed towards the low indication for weakness ahead, Need to break below 171.15 for target 170.30.
Since the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172. However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168. At this moment GbpJpy is trading near resistance and is in a consolidation. Short-term support lies at 171.50 and a break under this support...
GBP/JPY has pulled back from the resistance level. Along with this, we also have the formation of a bearish candlestick in the resistance level thus leading to a potential double top. So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50 levels as long as the resistance level stays unbreached. My recommendation is to sell...