GBP/JPY has reached the resistance zone of 172 where multiple price rejections had taken place in the past. So far, price has failed to breach this level. If the bears continue to defend this strong resistance zone, then a bearish reversal is likely for GBP/JPY. As indicated in the chart, a sell entry in the vicinity of 172 with Stop loss placed above...
GBPJPY Sell Active! Entry at 170.55, stop loss at 170.80. Weakness is on the way, necessitating a probable sell scenario with a target price of less than 168.50, but initially 170.23, 169.50. Pay attention to your DD!
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.
Yesterday's trade was closed by us in our group. The pair was lateralizing and as soon as the NY session started to arrive, we decided to close the pair. Today we enter this trade. The GBP had important news and bad numbers were expected for the GBP. Following our strategy, we achieved 1 successful trade. I hope you continue to accompany us, follow and leave.
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
Bearish gbpjpy fair value gap, unmitigated waiting for a return into this area for a short position after the recent bearish move
I got 325 Pips in my previous analysis, Now I m looking for another sell for 250 Pips
As shown in the chart, 171.20 is a minor resistance level from which traders can consider selling in case bearish price action happens at this level. The major resistance is 172.25 from where we can probably see a significant fall in case the resistance level holds. So, if you are thinking about selling, keep these two important levels in mind
Update of GBPJPY SHORT (PREVIOUS SETUP). In this chart you can see a DOMINANT BREAK ( strong candlestick pattern) form after touching resistance level (highlight area ) + trend line
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...
Down Trend + Bos + Choch + Resistance. Wait till the Market make a Bearish Candlestick pattern like BEARISH ENGULFING , DOMINANT BREAK. In the highlight area.
Gbpjpy is exactly moved according my previous analysis and nicely given us 400+ pips from the zone ( tagged ). Now Market is trading in chanel and I expect market will rise to the resistance trend line before drop. So wait for resistance for more selling, if market hold resistance line and reject from the area you can sell, SL will be very small from there and...
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.
we have clear BOS and above we could find some above supply zones,,,,, Technical diagram SAYSSS!!!!!
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!
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.
GBPJPY trade set with 90% accuracy for swing traders. Trade at your own risk with proper money management. Take 70% of your profit at TP1 & break even remaining 30% at same point & wait for TP2.
#GBPJPY in Daily Time Frame Setup in This Chart GBPJPY is Break the Channel After Some Retesting GBPJPY will down properly If Market Reject my Setup Then I share New Setup