long AS GBP is strong ,jpy is week on higher and lower timeframe ,market will touch the below support will touch the above resistance level by aslamfahad0200
My GBPJPY analysisUsing Topdown analysis method, the market proved to be in an uptrend across multiple timeframes. As the price have broken through an area of major resistance and an all time high of recent times,targeting the next high (215.877) that dates back to July 2008 is the only inevitable.Longby RainbowReus110
GBP/JPY Rally Pushes RSI Towards Overbought ZoneGBP/JPY approaches the April high (200.55) following the failed attempt to close below the 50-Day SMA (192.88). GBP/JPY Outlook GBP/JPY climbs to a fresh monthly high (198.59) to push the Relative Strength Index (RSI) towards overbought territory, with a move above 70 in the oscillator likely to be accompanied by a further advance in the exchange rate like the price action from last month. GBP/JPY may further retrace the decline from the April high (200.55) as it carves a series of higher highs and lows, with a break/close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region opening up 202.00 (23.6% Fibonacci extension). However, failure to clear the above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may keep GBP/JPY within the April range, with a move below the 195.28 (August 2015 high) to 195.89 (June 2015 high) area opening up the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) zone. --- Written by David Song, Strategist at FOREX.comby FOREXcom1
GBP Weekly Analysis GJ has the potential to push up targeting last month's previous high.Longby Chinny221
GBPJPY SellGBPJPY Sell Stop Loss: 198.9 Targets: 198.1 198.0 197.8 197.6 197.0 196.6 196.0 195.5 194.5 193.0Shortby MoneyGangPhone0
@@@@@ GBPJPY UNIQUE IDEA $$$$#GBPJPY UPDATE Hey team hope you all are enjoying our ideas and analysis now we are here to discuss About GBPJPY. GBPJPY is exactly on the way as predicted already 400Pips+ gain after our prediction. Still this is getting a good volume. We can see price around 200.0 soon. Keep in touch we will update further soon.Longby Williamforex1
GBPJPY My Opinion! SELL! My dear friends, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 194.29 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 193.13 Recommended Stop Loss - 195.01 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 335
GBPJPY- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on7th Oct 04 and TP 2 on 22nd June 05 - If we are looking for sells we take on until 25th may 05 and TP 2 on 30th april 2024 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 5-8% of our capital. Close trades manually once price reverses to opposite direction and 1 hour candle closes below/above order Block. - After hitting TP 1 or any TP {dont not re-enter new trade} , for TP 2 always use B.E .by Mbugua-KeUpdated 4
GBPJPY Buy IdeaLast week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs reports on Tuesday will be closely watched for signs that pay increases are fueling price pressures. Annual pay growth is still running hot, while labor supply is stagnating.Longby KhalilKarimiiUpdated 225
GBPJPY MAY 2024 WEEK 4 OUTLOOK -Daily - bullish. as long as we stay above **196.459 - 195.271** the bias will hold. Origin - **197.178 - 196.163** is the zone to look out for. when price pulls back to this zone, I will look for buyers to step in. Longby Osiris9921
GBP/JPY H4 | Potential bullish bounceGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 196.93 which is a pullback support. Stop loss is at 194.90 which is a level that lies underneath a pullback support. Take profit is at 199.52 which is a level that aligns with the 78.6% Fibonacci projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long02:40by FXCM3
📈🔔 *Attention Investors! GBPJPY Rally Alert!* 🔔📈 Hello traders! Hope you're all thriving! 📉 Yesterday, gold took a dip, but now it's caught in a range from 197.635 to 198.060. 📊 Two potential biases await: 🔍 Bias 1: If gold breaks above and closes higher, expect thrilling buying opportunities! 🚀📈 🔍 Bias 2: If gold breaks below and closes lower, brace for potential sells to the downside! 💼📉 Let's navigate these moves together! 💫by hanalyeeforex2
possibility of uptrend According to the structure of the upward trend, it is expected that the continuation of the upward trend will be formed up to the previous ceiling rangeLongby STPFOREX0
GBPJPY The GBP/JPY is following an ascending channel, presenting a selling opportunity after bearish price action at the channel's resistance trendline. Look for confirmation signals such as a bearish engulfing pattern or a rejection wick to validate the sell entry. Maintain proper risk management to account for potential volatility.Shortby forex_info5
GBPJPY Will Go Up! Buy! Please, check our technical outlook for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 197.696. The above observations make me that the market will inevitably achieve 198.441 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 112
LONG ON GBP/JPYG/J is giving great uptrend market structure. I will be taking G/J Long for 144 pips. Entry - 97.747 Stop Loss - 197.072 67 PIPS Take Profit - 199.193 144 PIPSLongby TB305223
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 192.000 to 191.700, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 192.000 and 191.700, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 193.000: Possible retracement area. 194.800: Possible retracement area. 197.000: Possible retracement area. 200.500: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss9
GBPJPY TRADE SETUPWait for retest the key level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon0
GBPYJPY Sell/ShortGBPJPY looks like a sell on the daily and has moved strongly upwards from the last signal I called. This seems to be the top and for this updated signal I know for fact it can most likely drop from here. Resistance does not seem like it will break due to previous failures and as well we can be heading down potentially for months back to 194s area respectively. Please check below for TP, SL, and entry points! ENTRY: 197.696 TP 1 (Day Trade): 196.950 TP 2 (Swing Trade): 194.120 SL: 25 pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!Shortby KingTraderFX4
GBPJPYGBPJPY is in a correction period. The price has an opportunity to test the 198.16 and 199.46 resistance zones. If the price cannot break through the 199.46 level, it is expected that there is a chance that the price will fall. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Shortby Serana23242218
Want to spot a turning point in trend before it happens?Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal characteristic in the C wave position. As a rule, in a Zigzag rally, wave B notably terminates above the origin of wave A. When wave (C) advance of a zigzag rally is in operation, we can forecast where wave (C) might end. We can use Elliott wave channel projection by connecting the origin of wave (A) with the end of wave (B) and then drawing a parallel line from the end of wave (A). As a guideline, the resulting channel gives us a potential target for the wave (C) endpoint. Moreover, we can also use ratio analysis to improve the odds. As a guideline, in Zigzag formations, wave (C) commonly ends after traveling the same length as wave (A). Observe this level corresponds with the Elliott wave channel projection. This cluster of evidence hints at wave (C) advance from Mar 2020 is in late stages and that prices are approaching a major top.Editors' picksEducationby Aquanet_Market_Forecast1717239
GBP-JPY Will Go UP! Buy! Hello,Traders! GBP-JPY broke the key Horizontal level of 197.42 And the breakout is confirmed So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
FOREX FORECAST :GBPUSD, XAUUSD AND GBPJPY- 20TH - 24TH MAY 2024Here on the forex forecast made analysis for the coming week . Mark some resistance and support level and also mark some trend were price touched . For this coming week price is like to follow were are predicted11:17by FrankFx140