GBPJPY ShortI expect some retracement on the pair but watch carefully because its a countertrend trade.Shortby VitezabrahamUpdated 4
GBPJPY- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 26th sep 05 - If we are looking for sells we take on until 19th june 03 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 112
GBPJPY - Bearish Trade The chart in bullish trend depicted Harmonic Reversal Bearish AB=CD chart pattern. The trade plan is Sell stop at breakout of last HL of bullish trend at 198.174, Stop loss at first LH at 200.003 and TP 1 at 196.335 & TP 2 at 194.490. After trade exexution at 198.174, sellers will remain in control. Bearish Divergence is observed at PRZ (Potential Reversal Zone) of bullish trend.Shortby ZubairShah911
check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. As long as the price fluctuates above the support range, the continuation of the upward trend is likely. Otherwise, with the breaking of the support range, it will be possible to start a downward trendby STPFOREX1
📉⚡ *Heads Up Investors! GBPJPY Rally Watch!* ⚡📉🔥 Attention traders! 💎 GBPJPY is soaring, shattering benchmarks with elegance! ⚡ Here’s the update: 🔎 GBPJPY Analysis: 📈 Locked in an intense battle between 200.250 and 200.414. 🧐 Is a breakout imminent? 📉 Bearish Scenario: ⏬ Stay cautious for potential drops if it falls below the range! 🎯 Targets: 200.050, 199.995. 📈 Bullish Scenario: ⏫ Watch for buying signals if it climbs above! 🎯 Targets: 200.540, 200.550. 💡 Join the Conversation: 🗨️ Share your insights as we navigate this sterling journey! 📢 Let’s achieve new milestones together! 🚀by hanalyeeforex1
possibility of uptrend If the price can cross the resistance range, it will be possible to continue the upward trend up to the specified resistance levels. Otherwise, the corrective process up to support levels will be possibleby STPFOREX1
WRONG analysis and direction.Appreciate the time to the person who read it. If any questions about concepts or methodology comment down below.:) Shortby JJFX11
gbpjpy bullish momentum on H4,H1bullish hourly candle close shows bullish momentum, targeting the 200.000 round number and potentially 200.300Longby Khalidd931
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 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
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
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
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
giving this a shotthis looks interesting, we got resistance here, for 2nd wave of sellers to come in from yesterday. but news looks bullish for USA i entered this, looking to hold before news happens. Shortby FormedzeusUpdated 1
GBPJPY market structure at 4-hour time frame4H is swing bullish => current is pullback dow We buy in this OB order blockby quangcttnUpdated 6
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
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
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
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
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
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