GBPJPYGBP JPY currently facing selling pressure. could come back to long term lower support on 4 hr timeframe. expecting a bounce from there up till the resistance of the previous rectangle channel.Longby orchidwings_14Updated 114
GBPJPY Going LongTechnical Analysis: 1- After break the trend line Resistance continue the upward trend with trend line support 2- Feb Ret 1.272 is important point for continue the trend 3- Dow theory HH, HL follow the upward trend 4- RSI also indicate the upward trend Fundamental Analysis 1- Entry on first breakout of green signal 2- Seasonality shows the bullish trend in GBPJPY 3- Exogenous factors are in favour of GBP. 4- GBP have more positive impact of news than JPY 5- All data of LEI, Exogenous, Endogenous and Final Score are all in favour of GBP. Longby hammadjaved0
GBPJPY - 5min entryWe received a 5min confirmation entry - and checked all the rules... Applied them with nice tight SL and Grabbed 250point from GJ move higher. Longby InForMe_Analysts0
GBP/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! It makes sense for us to go short on GBP/JPY right now from the resistance line above with the target of 193.114 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals114
BUY GBPJPY for uptrend continuation BUY GBPJPY for uptrend continuation STOP LOSS : 191.90 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX10
check the trend It is expected that a trend change will be formed in the current resistance range and we will witness the beginning of the downward trend. If the price crosses the previous ceiling range, it will be possible to continue the upward trend up to the specified resistance levelsby STPFOREX0
GBPJPY Buy!!!Price recently reached the 193.193.496 pivot , tested and retested it within the last few hours and now seems ready to continue with the upward move . one can observe 2 minor resistance points coming up : 194.369 and 194.893 . i expect the price to keep moving up and beyond these resistance point to finally reach the end Target of 195.483. For now my initial/short term Target remains 193.369 !!Longby Myfxlobby2
GBPJPY- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 4th Jun 03 and TP 2 on 12 April 04 - If we are looking for sells we take on until7th jan 03 and TP 2 on 28th Jan 04 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 , always use B.E dont not re-enter new trade.by Mbugua-KeUpdated 3
Rising towards 61.8% Fibonacci resistance?GBP/JPY is rising toward the pivot, which acts as pullback resistance, and could potentially reverse from this level to the 1st support. Pivot: 195.453 1st Support: 191.718 1st Resistance: 197.379 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets3
GBPJPYPair : GBPJPY ( British Pound / Japanese Yen ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Wavesby ForexDetective226
GBPJPY (H4) ANLYSISthe price 0f GBPJPY bullish now the price of GBPJPY 78.94 price is going to up 82.76 as you see the price has been down for a long time KEEP FOLLOW ME FOR MORE BEST ANLYSISby Millionaire_789Updated 16
GBPJPY Top-down analysis 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.Long04:09by ForexWizard010
Sell GBPJPYCurrently broken the low so break of structure from the bullish bias to bearish. Looking for sell opportunities. Shortby megamusk10
GBPJPY 15 M SELLS.1.Entry Taken During London Session. 2. Daily Candle flipped Bearish indicating Sells over Buys. 3. Entry Taken at 15 M Break Of Lows.Shortby singhsaharsha940
Why I can't buy JPY pairsTrader Tom, an investing.com technical analyst explains why he isn't buying JPY pairs today and why you should always apply a multi timeframe approach when analyzing the charts. This is one of many vids so if you would like to see more then please join us and hit the boost button. 03:50by Simply-Forex6
GBPJPY may rise again from the support areaGBPJPY may rise again from the support area The price has already tested a strong daily support area near 191.40 After the price depreciated by 900 pips by the BOJ intervention which was never accepted by them, we could see GBPJPY rise to at least 195.00 again The BOJ's indifference and small interventions are not supporting the JPY to get stronger. We may see the market start another uptrend and wait for the BOJ again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Longby KlejdiCuniUpdated 101053
GBPJPY OUTLOOKPrice retested weekly uptrend buy zone and is pushing back to market high. Watch for bottom wick rejection at H1 zone for possible entry for further bullish momentum by DonPablo_Billioniare1
gbpjpy buy tradeBased on the latest technical analysis for the GBP/JPY pair on the H4 (4-hour) chart, here's a bullish perspective: - *Moving Averages: The short-term moving averages (MA5, MA10, and MA20) are indicating **buy* signals, suggesting a bullish trend in the near term. However, the longer-term moving averages (MA50, MA100, and MA200) are showing *sell* signals, which could indicate potential resistance levels that the price might test if the bullish momentum continues¹. - *Technical Indicators: The technical indicators are giving mixed signals. The RSI (14) is at 41.572, which is generally considered a **sell* signal, but it's close to the neutral zone, indicating that the market isn't in an oversold condition. The STOCH (9,6) and Williams %R suggest *buy* signals, indicating upward momentum. The MACD (12,26) is at -0.51, which is a *sell* signal, but this could also mean the market is consolidating before a potential upward move¹. - *Pivot Points*: The current price is hovering around the pivot point levels, with potential resistance (R1, R2, R3) and support (S3, S2, S1) levels identified. These can be crucial for determining entry and exit points in the market¹. - *Overall Summary: The technical analysis summary is **neutral* with a leaning towards *strong buy* based on the technical indicators, suggesting that there could be a bullish trend forming. Traders might look for confirmation of a bullish trend through additional signals or market news before entering a trade¹. Please note that this analysis is based on past market performance and does not guarantee future results. It's important to consider other market factors and conduct a thorough analysis before making any trading decisions. Always trade responsibly and within your risk tolerance.Longby Mansa_Musa_Capital2
GBP JPY Bullish BuyReasons why I took this trade. Weekly Bullish Daily Bullish EMA in confluence with AOI Daily rejection 1 Hour EMA respected Daily bullish engulfing FIB 78.6 respected Daily Bullish Engulfing Daily EMA respected Entries: - Missed the original entry - I did not want to jump in below resistance, I entered after 1 Hour - Chart went above EMA - Risked 2%Longby SunLion506111
A Noble Decree to Short the GBPJPY Sovereignty"Whispers from the Estate. Ah, esteemed acquaintance, allow me to illuminate the forex pair GBYJPY with the eloquence and refinement befitting our distinguished discourse. The pairing of the British Pound Sterling (GBP) and the Japanese Yen (JPY) evokes a symphony of financial intrigue, resonating across the grand corridors of international trade and finance. These currencies, each bearing the indelible imprint of their sovereign realms, embody the rich tapestry of economic histories and geopolitical influences. The British Pound, steeped in the annals of imperial legacy, carries with it the weight of centuries past, a testament to the resilience of the United Kingdom's financial markets and economic prowess. Its fortunes, often swayed by the winds of political developments and monetary policy pronouncements, command attention on the global stage. Conversely, the Japanese Yen, with its origins rooted in the Land of the Rising Sun, exudes a quiet strength forged through centuries of innovation and adaptation. Anchored by a robust manufacturing sector and a legacy of fiscal discipline, the yen stands as a stalwart guardian of Japan's economic stability. When these currencies converge upon the forex landscape, a ballet of economic forces unfolds, orchestrated by the ebbs and flows of market sentiment, geopolitical tensions, and shifts in global trade dynamics. Traders, akin to discerning connoisseurs, ply their craft amidst this melange of influences, seeking to decipher the nuances that may herald opportunities for profit or peril. Thus, the GBYJPY pair emerges as a canvas upon which the aspirations and anxieties of nations are painted, a tableau of economic diplomacy and financial strategy. It is within this realm of exchange that astute observers discern the rhythms of opportunity, poised to navigate the currents of currency markets with poise and precision. 190.500 looks rather appealing to ones self, as discerning arbiters of the financial realm, it behooves us to reflect upon the stratagems and arrangements attendant to the shorting of GBPJPY, though our attentiveness may have momentarily lapsed. Nevertheless, let us not relinquish our steadfast vigilance. The contemplated strategy entails a meticulous analysis of technical indicators and market sentiment, poised to exploit potential weaknesses in the sterling's position against the resolute yen. While the precise moment for execution may have eluded us, our gaze remains fixed upon the pivotal threshold of 190.500. It is there, amidst the ebb and flow of market dynamics, that we shall ascertain the opportune juncture to unfurl our shorts with calculated precision, poised to seize advantage in the days that unfold.Shortby MarkLeRoyUpdated 2
GBPJPY LongGBPJPY Long trade 1. Weekly Uptrend 2. Strong Bullish Candle 3. Candlestick reversal pattern at rejection of support 4. Currency Strengh Meter Confirmation 5. No high impact news tomorrow 6. Take Profit under local resistance 7. Take Profit in daily ATR range 8. BUY/SELL Indicator Confirmation 9. 2% Risk, 1:1 R:RLongby Marteyfx2
GBPJPY UP MOVE FOR MONDAY 6TH MAYLooking for GJ to catch a nice up move push here in the London market. We saw a massive intervention from BOJ driving price down to current levels where it seems to have got a foothold on some form of support. 1D 50MA seems to be acting as support and in previous occasions buying when it rejects this zone has proven nice. Looking for at least a retrace so we dont have to go all the way up to be correct. 3 nice retrace targets would be near 103 / 104 / 104.8 giving you a small retrace in terms of the overall drive down but more than enough pips to make a good risk / reward trade collecting from 100 / 291 pips. Longby KaisMarketUpdated 337
GBPJPY#GBPJPY - H1 📣 Looking at the 1-hour timeframe, with the breakdown of the downtrend at 194.17, we expect price growth towards the 195.90 range. ⛔ Stop Loss: 192.80 On the other hand, with a breakdown below the 192.80 range, selling can be considered with a target of 191.30. ⛔ Stop Loss: 194.17by FXSMARTT4