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Gbpjpyforecast

GBPJPY Analysis 26/1/2022 30minUpdate: current trades aiming for this green resistance boxout you can see price has literally touched it and no more previously so if we see a break into this box I expect a nice push to the upside. entered this trade this morning after a break of horizontal resistance we seen a push up and retest before moving to the upside, really nice trade, around 25 pips in profit moving my SL to 154.158ish maybe just below it because I expect a test of this level as support possibly before seeing the next leg up. in terms of market structure we are bullish higher highs and higher lows so a breakout like this was expected we will probably find a level and consolidate. RSI beginning to look oversold so as I said very possible to find a level and consolidate to allow a reset of indicators look at the resistance level we are hitting on the 30 min chart, probably showing the start of what I said earlier, a short here might be a good idea, im in decent profit and covered myself in terms of risk so im going to aim for the green box if not take the SL in profit and be done for the day.
Long
by ryanc49
GBPJPY Long Term Predictions (4H Chart)Technical Analysis Summary GBP/JPY TREND ANALYSIS We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS) We have 1 downtrend in yellow that has already been broken only for explanation purposes Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published that were respected. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBP/JPYThe British pound cratered against the Japanese yen to reach down towards the ¥154 level at the end of the week. That being said, the market is more than likely going to continue to show signs of negativity, as we have closed towards the bottom of the range, and we have seen a lot of negativity in other markets as well. Keep in mind that the pair is highly sensitive to risk appetite, so as long as we continue to see a lot of negative behavior out there, this pair will fall towards the ¥152.50 level.
Short
by SmoothJB
GBPJPY is at Important LevelGBPJPY after making a double top in daily cycle, has come down massive (350 + pips). It looks like it will pause here a bit before making next move. Two possible senarios will likely to play; a) Bullish The pair is reaching at important support zone and indicator is also approaching the neutral zone. It will take a bounce from here and retest the recent high. One can take long position from here with stoploss below support and have a good ride of 100 pips. b) Bearish The pair will continue it downward journey if it breaks the support zone. One can adopt sell on strength strategy and play till all the way to bottom. Don't forget to share your valuable feedback in comment section. Check our other Forex and Crypto Setup on Profile.
by JustTradeSignals
GbpJpy- Strongly bullish structure for 3k pips gainOn Friday I called for a break of support and, in the end, this break proved to be a false one and I closed my sell trade on break even. As always, when I'm in doubt, I look at the longer TF, and here things are pretty clear, with GbpJpy in a visible uptrend since March 2020. Also, the 2020 "pandemic low" and 2016 low have formed a nice double bottom on our weekly chart (very clear in monthly also). At this moment the pair is consolidating exactly in the neckline resistance and considering the 6 months of consolidation the break should be very violent. If this break will happen to the upside the next target is around 180 and the measured target of the double bottom is near 200, level confluent with a previous high. Note: This is a very long-term outlook so don't expect 180 in 2-3 weeks
Long
by Mihai_Iacob
17
GBPJPY | Perspective for the new weekA hawkish BoJ rate hike amidst a strong UK GDP and Industrial Production figures might propel the Yen to new heights as the Pound looks set to end the following week(s) in the trenches. Technically, with the sight of reversal set-up (triple top look-a-like) at the JY156 zone, It is becoming obvious that the demand zone has lost the momentum to push the price above JY157.5 and the successful breakdown of Key level @ JY156.5 during last week trading session gives a significant clue to the strength of sellers at this juncture in the market. This could be as a result of "quick sell" activities from traders who took advantage of the bullish run... Let's see how it goes!😁 Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Triple Top) Observation: i. With a 5.5% growth in the value of the Pound; It has been a Bullish run in the last 3 weeks and the price appears to have found a peak at JY157.8 - an area that has a memory for selling opportunity (as far back as 2013 - see weekly or monthly chart). ii. And since price hit peak @ JY157.8, we have witnessed multiple rejections which culminated in a breakdown of Key level @ JY156.5 during last week trading session to signal a downtrend continuation. iii. The appearance of a reversal set-up in the form of a Triple Top pattern - three peaks moving into the same area @JY156, with pullbacks in between indicates a possible slide in price in the coming week(s) after the price moved below pattern support (key level). iv. In this regard, I have created a new supply niche around JY156.5/157.0 should the price climb in the early hours/days of the new week with the objective of looking for reversal set-ups for a signal. v. Below Key level @ JY156.5 remains a comfortable area to open a short position with the option to add to our existing position at a breakdown/retest of JY155.5. CAUTION: Considering the bullish momentum in the 3 weeks, it is appropriate that we remain open to the possibility of a significant breakout of JY157.5 which shall be enough to negate the bearish narrative... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:4.5 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPJPY REENTRY SELLAfter clearing internal liquidity and playing into the previous high GBPJPY has sharply rejected it forming a potential POI. Depending on the 4hr close of this current candle I would like to take an entry(2 potential entry zones) Technically we have already achieved a break of structure (green arrow) however as an added confirmation I would like the current 4hr candlestick to close near to or below (preferably below) the blue arrow. This sell is apart of a longer term sell which I have linked as a related idea below. I have shown two potential entries, one at the opening of the candle where I will scale in and one at the 50% where the majority of my position will be opened. The 50% will provide a better r:r due to the shorter stop loss. Trade any as you see fit. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Short
by Turtlesoup_Maestro
GBPJPY Sell IncomingAfter analysing the current market conditions and seeing the longer term price action I believe GBPJPY will drop. Price has been distributing since March 2021 and we have seen price range since then and thus I will be expecting a huge move. Over the last couple of weeks I have noticed price re-distributing as a possible LPSY for market to drop. Overall GBP is starting to weaken and the JPY is starting to gain strength hence why this could accelerate the drop for GJ. Thanks for reading and looking at my chart, leave a like, comment and follow for more ideas. DISCLAIMER: I am not a financial advisor and nor is this financial advice. If you trade this pair with me and make money from this, please help support a fellow trader. My cashapp is on the chart! Thank you for your time.
Short
by Turtlesoup_Maestro
2