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D-GJ

GBPJPY Technical Analysis 25.04.2023 1h chart– Previous Daily candle closed Bullish at 167.540 above Daily Resistance formed on Thursday last week (20.04.2023) forming new Daily Support around 166.630. – Buys on close above 167.720 targeting 1h Resistance at 167.970, Leaving Runners to the Daily Resistance formed on 15th December 2023 at 168.350. – Sells on close below 167.070 targeting 1h Support at 166.650, Leaving Runners to the 15min previous Support formed on 21st April 2023 at 166.230. – The push up on the higher timeframe could be the new Weekly candle forming top wick before breaking the lows to potentially form Resistance.
by SalimFX20
GbpJpy -> Be Careful HereHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is approaching a quite strong and obvious previous weekly resistance area exactly at the 169 JPY area. You can also see however that market structure and moving averages are still quite bullish so I just do expect a deeper push into the resistance zone, followed by a short term rejection towards the downside but then I definitely do expect more continuation towards the upside again. On the daily timeframe you can see that GbpJpy just broke above and retested a previous daily resistance area which was turned support so I am now just waiting for a deeper retested of the 169 JPY area before I then do expect also a short term daily rejection towards the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
39
ASIA: GBPJPY - LIBRA (HEAD & SHOULDER) SETUP - MOMENTUM ENTRYIn line with prior setup posted, both of these pairs seem to be pointing to heavy weakness incoming. They look almost too perfect with trend reversal higher timeframe picture looking like an example straight out the technical textbooks and this makes be very weary.. however the setups are legitimately appearing so perhaps less thinking will do me well right now and just executing. Also massive amount of stop losses seem to be sitting at 165 so lets see if they go for them
Short
by USA_Capital_Funds
GBPJPY Technical Analysis 24.04.2023 1h chart– Previous Weekly candle closed Bullish at 166.820 creating new Weekly High for 2023, Daily closed small Bearish candle leaving a Rejection wick at the Previous Daily Support area. – Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750 – Sells on close below 166.590 targeting 15min previous Resistance formed during the London session on last Friday at 166.230, Leaving Runners to the 4h Support formed at 165.860. – The probability for price retesting Daily Support formed on Friday 14th April 2023 is High knowing the last 4 weekly candles closing Bullish and we haven’t had any price retest to the previous broken Weekly Resistances on the left.
by SalimFX20
GBPJPY Technical Analysis 21.04.2023 1h chart– Previous Daily candle closed Bearish at 166.980 forming new Daily Resistance around 167.500. – Buys on close above 167.260 targeting 4h Resistance at 167.570, Leaving Runners to the 1h Resistance at 167.870. – Sells on close below 166.840 targeting 4h Support at 166.520, Leaving Runners to the next 4h Support at 166.280. – Retail Sales m/m data for the UK Economy to be released 1hour before London open, followed by Flash Manufacturing PMI and Flash Services PMI during the London session.
by SalimFX20
GBPJPY Technical Analysis 20.04.2023 1h chart– Previous Daily candle closed strong Bullish at 167.500 above the recent Daily Highs formed early this week and last week. – Buys on close above 167.920 targeting Daily Resistance formed on 15th December 2022 at 168.340, Leaving Runners to the next Daily Resistance formed on 13th December 2022 at 168.820. – Sells on close below 167.350 targeting 1h Support at 167.050, Leaving Runners to the next level of 1h Support at 166.790. – As the previous Daily candle closed strong Bullish, the targets for Sells becomes smaller than Buys as we follow the current Bullish Trend.
by SalimFX20
GBPJPY SELLHey Traders! Undercover Trading LLC I will be sharing a setup I have been waiting on for weeks here in this space which is GJ, so for the past few weeks GJ has been on a clear downtrend and we have seen it clearly on the daily from November 2022 till date. Having cleared our bais issue we now look forward to determining where the price will be retracing/swinging from which is a very big deal and 80% of the time we are correct. So in doing that we picked a POI which is an order block that broke structure to the downside around December 2022 which also has a lot of imbalances left to be filled. With our UCT extra confirmations checked on the order block, we selected that as our POI which we will be selling directly from. But in any case, if you wish to minimize your loss and increase your reward on each trade it is always best to trade with the 50% rule than look for lower timeframe entries but mind you, you'll miss lots of entries. That's it for GJ, cheers guys!!!! In order to avoid so many re-entries that come with refinement in POI I always advise trading off of the POI itself rather than looking for lower timeframe entries which I consider time-consuming and a rollercoaster of entries.
Short
by Undercover_Trading
2
GBPJPY 165.989 +0.04% DAILY CHART BREAKDOWN FOR THE WEEKHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE POUND YEN IN THE COMING WEEK. GBP/YEN CLOSED LAST WEEK WITH AN INDECISITION TOWARD THE BULLISH FVG BELOW. * We have some liquidity build up to be taken o the buyside torwads the OB. *A mitigation of the below bullish FVG would be a great confirmation. * Looking for a continuation of this move in this coming week. - Looking for GJ to Tap into the the bullish OB looking for entries long at this point. * If we break below and close under the OB trade is invalidated - TARGET would be the OB & LIQUIDITY that is unmitigated ABOVE. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
GBPJPY Technical Analysis 14.04.2023 1h chart– Previous Daily candle closed weak Bearish at 165.930 forming new Daily Resistance at 166.120 leaving a Rejection wick at 166.840. – Buys on close above 166.320 targeting 4h Resistance at 166.730, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.830 targeting 4h Support formed at 165.540, Leaving Runners to the 1h Support formed at 165.280. – There is a higher probability for the Friday Daily candle to close Bearish as we can see the size of the Daily candles for Tuesday and Wednesday decreasing and the Thursday candle closing Bearish with a Rejection to the upside.
by SalimFX20
GBPJPY - ShortHere is the SWING Short IDEA for GBPJPY. As you can see the price has very well rejected from the 4hr Supply zone. You can still enter with a CE which is likely to happen with the given Stoploss. We are looking to get a very clear 11.23 R, Scaling the price back into the 4hr Demand zone, where Imbalance has to be filled as well. Looking forward for the CPI which will prove the Price action on this trade and we look to go south. Trade Safe. Cheers1 fxgoldsniper
Short
by Europeanbulls
2
GBPJPY Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed strong Bullish at 165.350 breaking above the Daily Resistance formed on Wednesday 5th April 2023. – Buys on close above 165.500 targeting 4h Resistance at 165.810, Leaving Runners to the 1h Resistance at 166.210. – Sells on close below 165.180 targeting 1h previous Resistance formed at 164.910, Leaving Runners to the 1h Support formed at 164.670. – Ideally is to wait for price to pullback to form Support on the lower timeframe allowing the new Daily candle to form a bottom wick before breaking the previous Daily High for more potential Buys.
by SalimFX20
GbpJpy -> This Is The SetupHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just recently perfectly retested and already rejected a quite obvious uptrendline which we had exactly at the 185.5 area. You can also see that we are currently retesting previous resistance at the 165 area, however weekly market structure looks very bullish so I am now just waiting for a break above the zone before I then do expect more continuation towards the upside. On the daily timeframe you can see that GbpJpy is also retesting previous daily resistance at the 165 area - I am also now just waiting for a daily break and retest before I think the next impulse towards the upside will be quite likely. Thank you for watching and I will see you tomorrow!
Long
by basictradingtv
39