GBP JPY Long Entry Tiger OANDA:GBPJPY Break the Previous Resistance this resistance level GBP try to 2 time now Break. Long Entry Tiger Tp1 and tp2 Mentioned in Chart. Now Move to 2nd Resistance level is 172
Gbpjpyanalysis
GBPJPY: shorted!Technical Overview
The GBP/JPY currency pair showed a bullish-harami candlestick pattern on Friday, which resulted in consecutive positive gains. This pattern was further confirmed by Monday's price action. The pair initially reached a low of 168.86 but quickly rebounded and surged towards 170.49. Currently, the GBP/JPY is trading at 170.47 as of writing.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPYsince gbpkpy os forming a lowerhigh on my bigger time frame and this high is holding ill be looking for a sell at this level just waiting on bearish confitmation on the 15 min and the 1hr just for a little bit more conviction make sure you keep eyes on this and most likely other yen pairs im looking for yen strength today as long as thes highs hold
Important Sell levels for GBPJPYAs shown in the chart, 171.20 is a minor resistance level from which traders can consider
selling in case bearish price action happens at this level. The major resistance is 172.25
from where we can probably see a significant fall in case the resistance level holds.
So, if you are thinking about selling, keep these two important levels in mind
GBP/JPY at a critical point: Buy/Sell or do nothing?GBP/JPY is at a critical level. In the daily chart, you can see that price is quite overstretched and a
correction is necessary. However, in the 4H chart, price has rebounded from the dynamic support in
the 168 level. So, it is important to exercise some caution.
168 is the key level. If this level holds, then price may continue to keep going higher. However, if 168 breaks
with a strong bearish candle, we can see a fall till 165.
My personal recommendation is to wait and watch. I would consider selling if GBPJPY reaches 172 again because
that level has been established as a resistance. Initial TP would be at 168
GBPJPY Bullish Pennant! GBP-JPY is trading in an uptrend
And the pair has formed a bullish pennant
So I am bullish biased and we have seen that
A bullish breakout that will be a sign for us
To go long on the pair !
GBPJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY LONG - STRONG AREA OF CONFLUENCE!Waiting for a retest of 167.995 to longGBPJPY back up to prior highs at 172.332
If you agree drop a like and if you have nay questions leave a comment :)
GBPJPY fulfil my last idea, next setup?Gbpjpy is exactly moved according my previous analysis and nicely given us 400+ pips from the zone ( tagged ).
Now Market is trading in chanel and I expect market will rise to the resistance trend line before drop.
So wait for resistance for more selling, if market hold resistance line and reject from the area you can sell, SL will be very small from there and target is massive.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
GBPJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY 14May2023looking at the fibo extension from wave 1 to wave 2, then wave 3 should be at least the same as wave 1. with the possibility that wave 3 is at least the same as wave 1 then there is a high probability that the price will continue to be bullish after the correction ends. this analysis fails if the price drops more than the invalid line
GBPJPY - Bullish price action ✅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 longs. I expect bullish price action from here as price took sell stop liquidity and rejected from imbalance + institutional big figure 168.000.
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GBPJPY Chart H1Here is my view for GBPJPY on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
UPDATE! GBPJPY - SHORTSDid not pull into the neck line indicated in previous analysis.
Price did pull back into 50% FIB on the HTF.
Waiting for a strong 30 minute close before executing shorts.
Will ONLY entertain if the next 30 minute candle pulls back rough 50%.
GBP/JPY about to reach key level, what should you do now?GBP/JPY is currently in an uptrend in the 4-hour chart where price is about to reach a key level
in the 168.50 zone. At present, I do not recommend taking any trades in GBP/JPY as we have
BOE event coming up in the next few hours which will lead to a lot of volatility in GBP pairs.
However, if the uptrend line for GBP/JPY is intact and we can see bullish Price action in the 168.50 zone,
GBP/JPY can reach 172 again. A break below the uptrend line and especially the 168.50 key level would
lead to a further decline towards 163.
GBPJPY: Buyer - Go!!Technical Overview
The price is moving now within the 0.5 and 0.618 frames of the fibonacci retracement. Anticipate short-term uptrend continuation
Plan trade in the intro
GBPJPY: Entry point!The GBP/JPY achieved three days of losses, though buyers are moving in as the Asian Pacific session begins. After hitting a weekly low of 168.05, the GBP/JPY bounced off, is trading at around 168.85, and gains 0.07% as it’s approaching the 169.00 figure.
BUY GBPJPY zone 170.00 - 170.20
SL: 169.80
TP: 171.25
GBPJPY 8/5/2023Price currently ranging in between the resistance at 170.856 & support at 170.185 while also forming possible uptrendline.
Now if price closes above the resistance then we can expect price to continue pushing up to the next resistance at 171.950 & if price closes below the support then price might continue to the next support at 169.426.
GBPJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY LONG - BULLISH MOMENTUM STILL ALIVE!Waiting for a retest of 167.991 to long GBPJPY back to prior highs at 172.075
If you agree drop a like and if you have nay questions leave a comment :)
GBPJPY: Seller's Opportunity!Fundamental Overview
The GBP/JPY pair is nearing its highest point in six months at 172.17 following a break above the consolidation around 171.00 during the Asian session. The Japanese Yen has been affected by the new Bank of Japan Governor Kazuo Ueda's support of an ultra-dovish monetary policy to maintain consistent inflationary pressures above 2%. The BoJ has confirmed unanimously that there will be no alteration to the Yield Curve Control, indicating that an exit from the loose policy is not being considered at this time.
Expect this to be a correction before continuing the uptrend
Plan trade in the intro ♥
W10-28 GBPJPY BULLISH IDEAPotential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
Entry at the break of trendline, SL & TP Levels are defined.
