This is purely technical, still looking for fundamental data to support the new uptrend. The will Retail GBP news on 19th, so i will wait for a proper entry and setup later. But overall if i am to take this i would risk just 1%.
GBP/JPY move in uptrend in uptrend channel rebound from Demand zone
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 21 july 15 - If we are looking for sells we take on until 25th dec 02 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 3-8% of our capital. Close trades ...
FX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention...
Could this be a possible sell for GBPJPY? The market is currently reacting to Fib area, ther's been signs of rejection. The lower tf 4HR is showing a chart pattern for sell. Let's see how this will play out.
GBP/JPY is in a clear uptrend. I’m waiting for it to bounce off that support with rsi showing it will be oversold soon if it keeps going down I think it will bounce off support what do you guys think?
GJ has a steady Bullish trend. News at 12pm EST. GBP is strong right now and I anticipate that she keeps climbing. Per usual I have set up a buy and sell with a 20-40 SL. Please follow your trading plan and use proper risk management! Good luck!
GBPJPY - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GBPJPY Entry Point - 192.71 Stop Loss - 193.13 Take Profit - 191.93 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Daily: - Bullish M - Outer structure was reached and with a new action, bulls are present - A-B-C pullback - Trading with the overall trend Weekly: + MS + LCC + ZONE (Break and retest weekly high) 3/4 LONG 4H: - Trading above the daily structure - 4H Bullish M with BOS - Resistance can become support
The GBPJPY is is bullish. This is justified by fundamentals - the news releases show that CPI is downand claimant count is up for example. On the 4H chart the support has been tested twice and this is likely to break.
Entry Taken During London Session. 1. Entry Taken at 15 M Break Of Highs. 2.Daily Candle Strong Bullish Indicating Buys Over Sells. 3. Price Created A New HH and A New HL indicating Buys. 4. Entry taken at the New HL Created at the Support Zone.
The GBP/JPY pair is encountering significant resistance, presenting a challenging environment for traders in light of recent UK CPI data and ongoing geopolitical concerns. Technical analysis: GBP/JPY is exhibiting a sustained push towards the 192.825 resistance level, which has capped previous bullish attempts. The price is demonstrating resilience, consistently...
According to the behavior of the price in the green resistance range, possible scenarios have been identified. If the price crosses the resistance range, the upward trend will continue. Otherwise, it will be possible to start a downward trend, which needs to break the support trend line
GBPJPY daily chart is in an uptrend. The price has an opportunity to test a very important resistance zone. 194.481-194.974 From a technical perspective, if the price fails to break through the 194.974 level, a bearish pattern will be activated. Consider selling the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
GBPJPY is making inverse Head & Shoulder pattern that is bullish sign and according to Data JPY index is all time low. pair consolidate at 190 level and now ready to fly.
GBP/JPY looks like it’s having a reversal. It broke bearish structure so an uptrend maybe? It looks like a retrace to fvg as a retest then it will bounce up what do you think?
The GBP/JPY pair is currently in a downtrend and is under pressure due to a number of factors, including the widening interest rate differential, economic concerns, and technical factors.
With JPY weakness, GBP/JPY OANDA:GBPJPY is likely heading to the 195.00 zone. the price made an ABC correction move in the last few days. We believe the price will continue to move upward after a little correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...