GBPJPY Long Term SELLING 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
Gbpjpylong
Bullish Momentum Unleashed: A Daily Analysis of GBP/JPY's PromisHello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current movement is still bullish.
We anticipate the trend to continue, aiming for a break of previous highs. Furthermore, we expect a breakout of the channel to reach the BSL (Breakout and Support Line). For the monthly points, our targets are set at 186.76 for the first point and 195.99 for the second point. Keep a close eye on the charts for potential confirmations and adjustments.
Happy trading!
GBPJPY - Long after filling the imbalances ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental news: Tomorrow will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis.
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GBP/JPY eyes retest of YTD highWhilst USD/JPY remains range-bound within a tight range just beneath 150, GBP/JPY appears to be making a break higher.
The daily chart remains in a strong uptrend and momentum has recently realigned with that trend. Prices have teased the retracement line ahead of the UK open, so we're either looking for prices to break above the prior swing at 138.82 high or pull back towards 182 to buy the dip, in anticipation of a break higher.
GBPJPY to find support at previous swing high?GBPJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Short term bias has turned positive.
Preferred trade is to buy on dips.
Previous resistance at 184.29 now becomes support.
We look to Buy at 184.30 (stop at 183.70)
Our profit targets will be 185.80 and 186.30
Resistance: 186.75 / 189.15 / 190.40
Support: 184.90 / 183.40 / 182.40
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GBP/JPY buy order executed at 180.85, more uptrend ahead?Hello traders, as per my previous trading plan published on
27 October, we placed our buy order in GBP/JPY@180.85.
GBP/JPY went very close to the 100-day EMA level which triggered our
buy entry. Keep in mind, if the level holds, you can expect further
uptrend. 183.71 would be the first hurdle which if cleared would
take GBP/JPY towards 185 and even 187.
GBP/JPY 170 Pips profit booked, more uptrend looks likelyHello traders, if you followed my previous ideas on GBP/JPY
you already know that we have been buying the dips below
181. We had a couple of buy positions near 180.80 which generated
over 160 pips on each trade.
Currently, if you look at the daily chart, you can see that the price has
rebounded after moving very close to the 100day EMA . With BOJ
keeping the negative rates intact, it will probably weaken Yen in the
near term. So, we can expect GBP/JPY to probably reach 187 and even
higher. So, my strategy is to buy the dips in GBP/JPY.
GBPJPY Monthly Top Down AnalysisGBPJPY had a very explosive bullish week last week. So this week I'm waiting to see if price will pullback to provide an entry before potentially heading back up again.
Please use your own risk tolerance and analysis before following this trade idea.
😁 Like this video post and comment below what your personal analysis is on this pair.
Safe trading.
GBPJPY I It will keep growing Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
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GBPJPY Long Term SELLING 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
GBPJPY buy oppertunityThis situation in the GBPJPY market appears to be a clear illustration of a stop hunt and market imbalance:
1. The market is currently in a period of consolidation, trading within a horizontal range on a daily basis.
2. Earlier today, there was an attempt to break below the support level, and the market even traded below that level for a while.
3. However, what stands out is the emergence of a bullish engulfing candle, indicating an imbalance in the market.
4. This particular candle leads me to suspect that the preceding bearish movement might have been the result of market manipulation rather than genuine selling pressure.
5. Consequently, I anticipate an upward move in the GBPJPY market, with a target level of 182.3.
The Bank of Japan is considering adjusting YCC to allow 10-year According to the Nikkei Shimbun, which correctly warned just before the Bank of Japan's last YCC adjustment, after several YCC adjustments, the Bank of Japan realized that it was once again in a trap, and the Japanese government "may take 10 years" It seems that further adjustment is required. It's now possible. ``Bond yields are expected to exceed 1%'' at Tuesday's policy meeting.
Long-term interest rates are currently capped at 1%, and the central bank conducts unlimited fixed-rate purchases to keep yields below that level, weakening the yen and further increasing inflation.