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
Gbpjpylong
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.
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
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
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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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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
GBP/JPY Rises to new 2023 peakSTRATEGY LONG
British Pound Sterling Japanese Yen traded at 171.115 this Friday April 28th, increasing 3.864 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, GBPJPY gained 4.63 percent. Over the last 12 months, its price rose by 4.84 percent.
Larger bulls are likely to take a breather in coming sessions as 14-d momentum and RSI are at the border of overbought zone, suggesting that traders may collect some profits from three-day rally which accelerated on Friday.
Pullback should offer better buying opportunities, with extended dips expected to find support above 168.00 zone (broken Fibo 76.4% level at / former tops of Apr 19/25) to keep bulls in play.
Res: 170.00; 170.95; 172.11; 174.98.
Sup: 137.00; 168.36; 168.00; 167.18.
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
Trade of the day - GBPJPY - LONGThis is an Intra-Day trade idea.
Possibly during Asia or London session.
Will wait for the break of 171.25 and look for a LTF entry at 171.00.
GPBJPY H4 Will This Be A Fake Breakout?It looks like there will be something interesting if you look at the trendline on the H4 timeframe. If you draw a line from below, it will be seen that a Fake Breakout has occurred. But if it is a breakout then the decline will reach the 165 area, becoming a strong support determining area to return to the positive trend.
GBPJP Long!GBPJPY
Buy trade targeting 169.70, 170.30, 171.23 $ 172.59 with SL below 168.55
Heed your DD!
GBPJPY LONG - BULLISH MOMENTUM STILL ALIVE!Waiting for a retest of 167.991 to long GBPJPY back to prior highs at 172.075
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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.
GBP JPY 1 Hr Chart Perfect Long SetupOANDA:GBPJPY Perfect Long Setup in 1 hr Chart. Support and Resistance
current move for GBPJPYHello traders, I expected a pull back from GBPJPY at the price of 168, and It has done the pull back as a retest to 170, and then I expect another drop from 170, to 168 again, and then testing 172...
enjoy trading <3
GbpJpy -> Textbook TradeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy just retested and rejected a quite obvious previous weekly resistance at the 171.000 JPY level.
However you can also see that weekly market structure and moving averages are still very bullish, with last week's candle we broke multiple structure levels towards the upside and we are also currently retesting previous resistance which is now turned support so I simply do expect more continuation towards the upside from here.
On the daily timeframe you can see the exact same setup, we just recently broke above a major daily resistance level at the 168.5 JPY area which is now turned quite strong support, so I am now just waiting for some more bullish confirmation inside of this zone before I then do expect another daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GBP-JPY| LONG SETUP|POSSIBLE REVERSAL|FALLING WEDGE|ONE HOURGBP-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the Lower High mentioned in the chart. Risk must be taken up to 2% of the total portfolio.
