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Gbpjpyanalysis

Update on GBPJPY DIRECTION(Bull)Hello Traders in the previous week our ideas on the GJ pair has been awesome and accurate We have predicted the direction of the pair for months now and our ideas rate is 89% correct. We continues to share our idea on the pair movement showing the direction its going. We still believe the pair remains in the Bull run, the pair broke out a key area on the last trading day of past week and did a minor pullback, but we wait to see a little bit pullback again before to gather momentum for the bull run, our first Bull target was hit last week at 182.23 and we look forward to see the rest being achieved. We keep our plan to buy the pair from dip and will take advantage of the selling opportunities available, as the pair trades around an area of value in the 4HR timeframe mitigating the gap and pushing to reach a higher high for the bull. The pair has form a double bottom pattern indicating a Bullish move after trading in side ways for the past few days last week until the breakout occurred. Bullish Target; 182.23 DONE, 183.24, 183.799, 184.4, 186.3 188.2 Bearish Target; 180.7, 180.3, 179.5, 177.6 Dont forget to hit the like, share, comment, and follow bottom. #Vimhype
Long
by Vimhype
GBPJPY LONG TERM TRADING IDEAHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY 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 Charts
Long
by ForexPlanet20
GBP/JPY Surges Past 20-Day SMA Amid Anticipated BoJ DovishnessThe GBP/JPY pair remains bullish in the short-term perspective as shown by the daily chart. The Relative Strength Index (RSI) has surged past the midpoint, indicating a bullish tilt, and the Moving Average Convergence Divergence (MACD) records subtle red bars, signaling an ebbing selling pressure. The pair is strongly positioned above the 100-day and 200-day SMAs, suggesting that the bulls are in command. Moreover, the dovish bets on the Bank of Japan (BoJ) before next week’s meeting, as well as the strong UK Retail Sales figures, are providing more traction for the bullish sentiment. Place a buy order at 182.60, aiming for a take profit level at 184.00, while keeping a stop loss at 180.00. This plan is based on the current bullish trend, and it is subject to change if major news or market events affect GBP/JPY. TRADE IDEA DETAILS CURRENCY PAIR: GBP/JPY CURRENT TREND: Bullish TRADE SIGNAL: Buy Signal 👉ENTRY PRICE: 182.60 ✅TAKE PROFIT: 184.00 ❌STOP LOSS: 180.00 This trade setup provides an opportunity to benefit from the ongoing bullish sentiment on the GBP/JPY pair. However, as with all trading activities, it's crucial to use risk management techniques and not to invest more than you can afford to lose.
Long
by RichDadph-FX
GBPUSD Analysis. Plan for next week.Hello Everyone. I want share my idea about GBPJPY pair. At this pair we had a strong bullish trend, the trend was almost without HL, then price stopped and start consolidating, which was good for traders to identify where are buyers. last week we saw some strong bullish movement from 179.7 LVL which i think has power for brake resistance at 183.8 and then retest weekly resistance at 189.5. after touch to weekly resistance i think we will see good low for enter long position. i think long because JPY index is also strong bearish. Here is my scenes of price movements. 1 bullish - price going higher brake weak resistance at 183.8 then make retest it and test weekly strong resistance at 189.5. 2 bearish - price is not strong enough brake support at 179.7 LVL and coming down. BE PATIENT!!!
Long
by elmakacho
GBPJPY Analysislooking at the existing market structure, the market may form a-b-c correction pattern with the possibility that wave B will approach the SnD area before falling again. if you look at the fibo retracement area, there is an SnD area that intersects with the fibo area with pretty good accuracy at notation 2.618. areas like this usually in the future will be responded positively by the price. This analysis is valid as long as the price does not rise more than the invalid area.
by Hokusai_FX
2
GBPJPY DIRECTION (Where GJ could go Next)The Technical analysis on gbpjpy from our channel has been great if you go through our history. Today our analysis on the pair is key to determine the direction of pair, We keep to our plan to buy as the pair remains in an uptrend in the higher timeframe, but for days now GJ has been trading sideways and also around the support level and the 200EMA at 179.83, we are monitoring to see a breakout and a retest before we go in with our selling plan. Bullish Target; 182.3, 183.25, 183.79, 184.9, 186.3 Bearish Target; 178, 177.3 176.04 We will need your support to Keep up the work and all we ask is your like, share, comment, and follow. Dont forget to hit the like, share, comment and follow bottom #Vimhype
by Vimhype
GBPJPY: In the short term, the technical outlook for GBP/JPY remains negative as indicated by the daily chart, which shows the pair declining from its recent multi-year high. The pair has experienced a significant rally of nearly 18% this year due to loose Japanese monetary policy and tightening UK monetary policy. However, there may be a change in the latter as today's inflation data suggests that July's inflation reading will be even lower. This is likely due to the implementation of the Ofgem energy price cap, which has been reduced from £2,500 to £2,074.
Short
by Sphyn-Trader
12
Update on GBPJPY (Bullish)Today the pair GJ was a bit slow in movement, and it remains bullish. GJ is consolidating after retesting the 200EMA in the 4HR timeframe but the pair continue to trade upward as it consolidate between 179.53 and 182.23. We will only follow the pair on the side it will breakout and retest for a long term trade but in the main time we intent to buy from demand zone and sell at the supply zone. Our Target for the Bull run 183.8, 184.8, 186.5, 188.9 Bearish Target; 177.02, 176.3, 175.9 Dont forget to hit the like, share, comment, and follow bottom #Vimhype
by Vimhype
2
GBPJPY: The uptrend is still there!The US dollar index is struggling to build on Friday's recovery and remains at 100.00. The UK's FTSE 100 index is lower and US stock futures are mixed, indicating a cautious market stance. The sharp decline in Wall Street's major indices after the opening bell may help the USD find demand in case of a lack of high-level data releases. On Wednesday, the UK National Statistics Office will release Consumer Price Index (CPI) data for June. On an annual basis, the CPI is forecast to decline from 8.7% to 8.2%. Market participants may stay on the sidelines and wait for that data before deciding whether GBP/USD has more upside potential or not.
Long
by Sphyn-Trader
6
Update GBPJPY, GJ seems BullishAnother day of trade has begin, we have been consistent with the pair prediction, predicting every move on the chart about this pair, GJ seems bullish as the pair couldn't mitigate the area value at the 182.7 to signal a bear move but rather follow the bull pattern coming down to mitigate the area of value in the 4HR timeframe from yesterday and as the pair remain in the Uptrend we look for the possible opportunity to buy. GJ is still in an Uptrend after retesting and bounce off the 200EMA in the 4HR Timeframe. We keen to the opportunity to sell the pair when the time is due. Bullish Target; 182.6, 183.7, 184.4, 186.2, 188.2 Bearish Target; 180.1, 179.00, 177.6, 176.3 Dont forget to hit the like, share, comment and follow Bottom #Vimhype
Long
by Vimhype
10
🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨 * Here we can see clearly the next potential moves for Pound/Yen in coming hours or days * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * Here we can see clearly we can pull MULTIPLE setups from this trade. * I'll take first the SELL trade from EP(SELL), till it hit Strong Support Line. * This is positive for sentiment and the uptrend has potential to return. * EP(SELL): 180.893 * TP: 178.818 * No SL provided for this trade. * This is positive for sentiment and the uptrend has potential to return. * After hitting the Support Line it's going to reverse from there, then we can place EP(BUY) from that level. * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * This is positive for sentiment and the uptrend has potential to return. * The hourly chart technicals suggests further downside before the uptrend returns. * We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. * EP(BUY): 179.917 * TP: 181.992 * TP1: 182.939 * TP2: 183.827 * SL: 178.102 * Keep your eye close on your trading positions. * Happy pip hunting traders. * FXKILLA *
by FX-PIPHUNTER
4
Update on GBPJPY Seems Bullish Fantastics as the Pair respected the Resistance zone at 183.799 and drop down to the 4hour trendline which is the 200EMA. after the retest the pair seems to be Bullish but this is confirm when the pair pullback to the 180 area of value and does not break through to the downside. The pullback to that area of value will play a significant role in the Technical analysis for the pair to continue it Bullish run. We are still aware of the bear move that is ongoing and we look to see price go to mitigate the area of value around the 182.88 without pulling back to the 180 zone first then that becomes a confirmation for the bear run. Bullish Target; 181.3, 182.5, 183.6, 184.7,186.3 Bearish Target; 180.2 179.3, 177.5, 176.02. Dont Forget to hit the like, share, comment and Follow Bottom #Vimhype
by Vimhype
GbpJpy- Nice bullish setupThe trend for GbpJpy is not only bullish but aggressively bullish and the price gained 2k pips since April and passed 180 (my target for the long term). Two days ago, the pair dropped shortly under 180, now support, and yesterday's reversal left a piercing candlesticks pattern on our chart. Today's intraday drop was again met with buying power and so far, the candlestick is a Pin Bar. In conclusion, as long as 180 is intact, buying dips around 181 could be a good strategy, and, with a take profit around the recent high, a more than 1:2 risk: reward could be achieved.
Long
by Mihai_Iacob
27