GBPJPY BullishGBPJPY is making HHs and HLs, following DOW theory. There is no divergence on RSI There is also AB = CD Harmonics Pattern, And A continuous parallel channel also obeying the chart.Longby Saad_Amjid1
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
GBPJPYI'm in the bear at 199.50 lets see what happens from here Target 1 should be no problem but target 2 may take a while. Shortby elitetechfx-dailyUpdated 9
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
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
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
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
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
lookingn for retracementif price drops back down, im looking to enter a long around here, but im expecting it to hard pump, if no pump or any rejection, i'll close it. Longby FormedzeusUpdated 0
GBPJPY Pullback predictionThe trend has always been bullish because YEN is weak asf and BoJ are not doing anything yet to contain the damage. Though this month buyers were unable to break last month high of [200} area which is a multi-decade high. A breach past 201 means more damage for JPY and it will head to 205, 210. A nice push below 199 means a short term pullback towards this month's low area. This move is likely to happen from beginning next month probably on monday. I will be waiting to sell with a tight stop loss above 200.500. Consolidation zone 190-193 still has to be revisited I think Let me know what you think on GBPJPYby alonso7800
GJ Mid Week Mark UpGJ opened above the daily open. No real news for the rest of the week. I feel that GJ will go along with the trend for a stable buy. With daily trends bullish. SL is set for 35 pips. Please abide to your trading plans and trade with proper risk. Feel free to increase SL. As always a buy and sell are placed. Take or take both. Good luck!Longby Just_that_Chic0
GBPJPY : BULLISH upto 201.2 Levels🎯🎯🎯 GBPJPY BUY @200.35❗️ Sl: 200.1 (25 unit pips risk), Tp1 : 201.20 (85 unit pip target). GBPJPY Buy Limit @200.25❗️ Sl: 200 (25 unit pips risk), Tp1 : 201.2 (95 unit pip target).by tripplepips0
check the trend It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed and it will advance to the specified resistance levels. If the price cannot stabilize above the previous ceiling range, the possibility of a corrective process up to the specified support levels will be possibleby STPFOREX0
GBPJPY LONGForgot to publish this two days ago when i entered in the trade. But still in and still up. If you come across this coodles to youLongby Phiwayinkosi26Updated 0
GBPJPY BUY NOW!!!!!GBPJPY made another price rejections from the sell side liquidity with an engulfing bullish candle confirmations am going in on a buy from this zone with tp 202.000 JOIN AND ENJOY......Longby CAPTAINFX20