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Gbpjpyidea

GBPJPY: Battle of the weak pairs?!GBPJPY Intraday - We look to Buy at 162.10 (stop at 161.00) We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Our profit targets will be 165.20 and 168.40 Resistance: 165.40 / 168.40 / 171.90 Support: 162.00 / 158.65 / 155.60 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
Long
by VantageMarkets
GBPJPY (30)Hello, today earlier in the Asian session TP2 was hit on our fib level -27.00% and currently, we are sited on zone that has been tested as resistance and support in the past as this is a strong area, so there might be a break and retest of that zone before pushing to -61.80% and perfect for an entry. more so we are inthe process of moving to our last TP before we go in for a reversal, as when price hits -61.80% we tend to have reversals, although other confluences can support your judgement before executing such as trend lines, divergence, Break and retest and my absolute favorite market structure. Jesus loves you❤️
by louisemwesigwa
GBPJPY (1W)Hello, for this week I want to see the market open with a small bullish momentum, although it’s at a critical area, next to weekly foundation level and near a trendline and zone. So am expecting a retest if the trend line before pushing further to the upside, more so its near the 61.80% fib level which is for reversal but if it passes that level and doesn’t reject it, look for it carry to -61.80% thus this is a very critical area, lastly I have spotted some form of divergence, although divergence on larger timeframes tend to take sometime to form. So it’s best to wait for proper break retest of the minor up trend line, as proper confluences should be used before entering the trade. Jesus loves you.
by louisemwesigwa
GBPJPYThe British pound continues to sell off in general, but this particular pair is going to be a little bit different due to the fact that the Bank of Japan continues to fight higher interest rates in that country. As long as that is going to be the case, the British pound has at least a chance of staying bullish. However, the Bank of England has stated that they expect a recession, so if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs. Alternately, if we see this market break down below the ¥159 level, it is very likely that we will drop it a couple of hundred pips.
by SmoothJB