GBPJPY ready down?GBPJPY is likely to experience a decline in the next few days, with the movement of gbpjpy already touching the upper channel boundary, which creates a strong barrier for gbpjpy to rise further. I hope gbpjpy will take corrective steps first before continuing its increaseShortby gwyap114
GBPJPY DAILY ANALYSIS Hello traders, here is a setup of GBPJPY and you can see that the price has been on a bullish trend for the past weeks and months so now it has reached the level of resistance (red zone) I will wait for the price to break it then pullback then I can look for bullish opportunities. Longby dlaminisya1
GJ may revert200 may be the good highest price for GJ and end the up trend. However. Need to set SL carefully.Shortby HiroVnpro4
GBPJPY Analysis (22nd May 2024) 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 will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level. 2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level. by CallistoFX3
High return 99% of the signal- Candle closed bullish the previous day. If we are looking for a bid price, then we will continue to short until daily resistance levels are formed on July 1, 2004 and March 21, 2008 - If we are looking for a sell, we will trade before February 3, 2005 and trade at the daily resistance level on October 25, 2004. - Wait 1 hour for the candle to close above or below the area to enter the trade. Once you click TP, you're done - We risk 5-8% of our capital. Once the price reverses in the opposite direction and the 1-hour candle closes below/above the order block, close the trade manually.by Thebest-traderUpdated 5
GBPJPY ANALYSISgbpjpy followed by major events in japan and britain has a choppy character. the 200 day moving average is around 195.00 and a break below that region will go down to 194.50 and 194.00 a retracement from 200 sma will go upto 195.50 where yo can find a resistance region and breaking that zone will pimp gbpjpy to 196 and 196.50 bullish target 195.50 196 196.50 bearish targets 195 194.50 194 like share and follow us support us and motivate for more such contentsby realmillionairefxUpdated 3
price action onlygoing 1 order, will try this out, UK market might pump xau to retry top. we have higher high on xau 1hrLongby FormedzeusUpdated 332
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 ShortI expect some retracement on the pair but watch carefully because its a countertrend trade.Shortby VitezabrahamUpdated 4
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
GBP/JPY: A Closer Look at Recent Market DevelopmentsThe GBP/JPY Futures have demonstrated seven consecutive days of growth, characterized by a consistent retesting of previous market inefficiencies and increasing volumes. Each day, the price has closed above the volume range of every candle, while also maintaining its position above the Volume Weighted Average Price (VWAP). Additionally, the Delta has consistently closed positively at the end of each daily session. Tick volumes have remained below the 20-day Moving Average, indicating a sustained rally trajectory towards the 199.895 area to address buyer and seller inefficiencies. Notably, the current candle exhibits an imbalance between buyers and sellers, reflected in a negative delta. However, it's important to note that this data may fluctuate following the release of the Consumer Price Index (CPI) today, introducing additional volatility to the pair. British Pound / Japanese Yen Futures Longby FOREXN1Updated 331
SHOULD NOT BE BREACHEDThe Red Line shall act as the last defense to hold buyers. Should it be broken, no idea (218.396)?. This is just an idea and not indicating buying or selling at any particular prices.by cornelius2705791
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
📈🔔 *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
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
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
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 Long Term buying Trading IdeaHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20004
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 Serana23242217
GBPJPY TRADE SETUPwait for retest the entry level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon1
GBPJPY Still consider to dropLast week only got 180 pips and then bounce back to my breakeven entries. Take some partial profit at 180 pips. Still focus for bearish movement. If invalidation level broken, this setup will be invalid and i will recount it back. Fell free to share your idea too. Tq guysShortby ewtradersbhUpdated 2
GBPJPY UPGBPJPY Going up to 204.400 as i think if price closed above the target will put the next target Longby Ehab_Ali0