Eyeing GJ for a potential LONG from BUY AREA to TP1, TP2 and STP.
TP1 = 50 PIPs
TP2 = 100 PIPS
STP = 200 PIPS
Trade Safe - only risk what you can afford to lose - Risk management is key!
Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
HELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from intra-day to possible SWING
4H GBPJPY
* STERLING finally saw strong bullish momentum breaking out of the range, today we possibly seeing a retest of this range.
* The bearish OB has been violated as we traded above it, possibly signalling some bullish moves.
* should we reject the range...
I've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries:
First Entry: At the top of the rising wedge, with an entry at 189.520.
Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the...
As we have seen GJ has given us a beautiful upward momentum and it seems like now the momentum has been broken as GJ was moving with bullish trendline and recently it has broken below the trendline and going to be bearish the bullish candle forming has no Bullish volume also its a retest of the trendline so we will be bearish for further action keeping an eye on...
HELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from MULTI TIME-FRAME ANALYSIS
GBPJPY 4H TF
* Opening bullish on GU good for possible reversal with PO3 rules.
* The weekly & daily TF show we are still showing signs of a BEARISH move still.
* But seems we may see a push up before continuation with the bears with resting LQ above.
* GJ took...
GJ has been interesting to me the last few weeks. It has a dilemma that it is going through.
As seen within the POI, there is plenty of imbalance which could force price downwards, with confluences such as structural breakdown and imbalances left over downwards in the demand area - however price has - within the last significant periods - been trading upwards.
I...
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i...
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i...
Clear signs is showing that GBPJPY has been breaking its main resistance from 196.881 and we can see that a reversal is on its way. I have placed TP, SL, and Entry on screen. Please follow for more updates and signals with breakdowns! Please message me directly if you have any inquires about these trades.
GBPJPY Analysis
Currently on the 15 minute timeframe, price is still respecting the 15 minute bullish OB. If price decides to go bullish and break 192.555 with a body candle close, Longs are more likely to play out.
I would like to see retest of that level before continuing to look for buys.
On the flipside, if price breaks the 15 minute OB with a body...
I am staying out of it.
It is confusing and that's when it's best to stay away and out of the market.
DAILY
We peaked at 200.50, which is good to look out for possible buys into the market. Which last happened in 2015. This is the final (3rd leg) of the double bottom (W formation).
4H
Ascending Channel within an ascending channel is what we look for when trying...
I'm sorry this came in late...Market retraced to a support area..Over all bias on a higher time frame perspective is bullish...There was a divergence on 15min time frame which denotes that buyers are trying to take the market upwards....
OANDA:GBPJPY
The pair is overbought and near resistance. Indicators show that the price has formed a peak. Fundamentally, after the BoJ decision to hike rates up to 0.1%, which was expected, the yen should recover, GJ should follow suite. The trade if the scenario unfolds will take a while
I like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE.
The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair...
DAILY
Still in our bullish trend, currently forming a channel where we are slowing down and pulling momentum. Towards the 190.00 is where we would expect a reversal and continuation of the trend.
4H
Still letting it fall and as practice analysis, our forecast from early in the morning is currently on par with the market. 190.00 our aim
1H
In the distribution...
I am seeing a long sell
DAILY
We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence.
4H
We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high....
![GBPJPY: GBPJPY ANALYSIS [W/B 10/06/24]](https://s3.tradingview.com/n/NRJyFmV3_mid.png "GBPJPY ANALYSIS [W/B 10/06/24]")
