GBPJPY SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Gbpjpyshort
GBP/JPY 1Hour chart analysis, another dip to 181?Hello traders, sometimes, it is necessary to analyze the lower time
frames. So, in this idea, we are going to take a look at the hourly chart
of GBP/JPY.
As you can see in the chart, 182.80 is minor resistance level on the hourly
chart. So far, we have seen 3 price rejections at this level.
So, if there is a formation of bearish candlesticks in this level once again,
expect GBP/JPY to fall to 181.20 again.
GBPJPY: Price action and potential setupsGBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest.
As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA provides support to the downside. resting around the 181.774 mark.
Key Levels to Keep an Eye On:
Support levels:
181.77
180.00
178.33
Resistance levels:
183.00
184.06
186.72
GBP/USD Dips, Awaits UK CPI DataGBP/USD faced consecutive losses, trading around 1.2160 in Asian markets on Wednesday. Positive US economic data applied pressure. The pair retreated after reaching 1.2200, the 23.6% Fibonacci retracement level, the 50 and 100-day Simple Moving Averages (SMAs) confirming significant resistance. The 4-hour chart's Relative Strength Index (RSI) dropped to 40, indicating accumulating bearish momentum.
Immediate support lies at 1.2130 (static level). Closing below it in the 4-hour timeframe could bring further selling pressure, possibly testing temporary support at 1,2100 (static, psychological level) before targeting 1,2050, the recent downtrend's endpoint.
If GBP/USD rises above 1,2200 and confirms it as support, it could aim higher towards 1,2250 (static) and 1,2300 (38.2% Fibonacci retracement level). The pair reversed its trend after breaching 1,2200 on Monday, dropping to the 1.2150 region on Tuesday. Short-term technical outlook indicates bearish momentum and potential additional losses if the 1,2130 support fails.
US Retail Sales data for September is on the economic horizon, with a negative surprise possibly impacting the USD. However, GBP/USD might stand firm unless a significant, positive market sentiment change occurs. Stay tuned for updates on this evolving situation.
GBPJPY: Hello traders! The return of Sphyn♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar
🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela
① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on oil-producing Venezuela and Washington is stepping up efforts to prevent the Palestinian-Israeli conflict from escalating.
② Multiple sources said Monday that the Venezuelan government and opposition plan to resume long-stalled negotiations on Tuesday; President Maduro said this would benefit the 2024 election, a move that could prompt Washington to ease sanctions.
③ Oil prices rose sharply last week on concerns that the conflict in the Middle East could widen, with Brent crude prices rising 7.5%, the largest weekly increase since February.
④ US President Biden will visit Israel on Wednesday. Israel is preparing to escalate its offensive against Hamas militants, sparking a humanitarian crisis in Gaza and raising fears of a wider conflict with Iran.
⑤ ANZ Research said in a report on Tuesday, "Risks remain, with Iran's Foreign Minister warning that the war could expand to other fronts and is approaching the inevitable stage ."
⑥ The Biden administration is looking to increase oil flow to the global market to ease high oil prices. But due to a lack of recent investment, it will take some time for Venezuela to actually increase oil production.
GBPJPY sell ideaGbpjpy closed below a key level on higher timeframes, price action indicates a bearish momentum to the liquidity resting below. sell!
GBPJPY - Trade PlanTaking a look a 4 hour chart, price action closed strong to the downside on Friday.
I'm not waiting for a bit of a bullish pullback to enter in on some short sells to the downside.
Keep it simple.
I placed a black line at each level I will be adding sells with my final target down at 180.
That's it - That's all
Trade Safe!
GBPJPY SELLFX:GBPJPY
Price on GBPJPY broke below the Daily support area simultaneously breaking the short term bullish structure on the 4H timeframe. This week I will be looking to go short on GBPJPY. A retest to 182.275 Daily resistance and/or a break and retest below 181.186 Daily support/resistance is were I will be looking to go short on GBPJPY.
GBPJPY; Massive Head & Shoulders forming on the Weekly!A massive Head & Shoulders formation on the Weekly chart (and, obviously, on the daily), forecasting a -9% plummet in this pair upon completion . (I.e. It will have to break down, first!)
There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words:
- Cheap continental (EU) capital flow has long ceased - Brexit;
- Since 1990, while ~40% of EU manufacturing profits have "trickled down" to the "average Joe"s the same wealth transfer was limited to only ~8% of the UK's population. (E.g. Germany financed virtually all of the British capital expansion in the last 30 years which Britain freely squandered away, permanently.)
- Probably the most interesting/significant factor is this:
IFF A.I. fulfills even a fraction of the "hopes" attributed to it's recent rise and practical promises (GPT-x, etc.), interestingly enough Britain is in the "sweet spot" to be the most devastated by any value added by the "A.I. revolution"! (We have conducted an extensive, multi-month research project before arriving to this conclusion. Time allowing, we will attempt to include the most practical/trading related aspects of those results here.)
- Japan continues to come out of it's 30 year slumber and there are tangible signs of continuation of this progression. Also, in the presently unfolding multi-polar "new world order" the undeniable winning block will be most likely the NAFTA + Japan "manufacturing & trading block". At present, the two fastest developing regions of the world are;
1) Texas + Northern Mexico;
2) Japan + S.E. Asia (while China's problems remain well out of reach for any solution - I.e., demographics, etc.)
We are actively looking for a Short Entry at these levels.
Here is a closeup - Daily;
GBPJPY SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
GBPJPY BUYHello, according to my analysis of the gbpjpy pair. The pair is in a positive state. We notice that the market rebounded from the 179.900 area, which is considered strong support. We also notice the formation of a strong candle with a tail indicating the strength of buyers. The price also respects the descending channel as shown in the analysis. good luck for everbody
Hello, my analysis for the gbpjpy Hello, my analysis for the gbpjpy pair. The bearish channel has been broken. We are waiting for a retest of the 182.083 area and the 181.686 area. We have bought from these support levels. We are targeting the value 183.519. Good luck to everyone.
GBPJPY's easy-to-see trendThe Japanese Yen decreased 0.13% against the greenback, down to 148.68/USD. The Japanese currency rose again after Kyodo reported that the Bank of Japan is considering raising its core consumer inflation forecast this year. However, this currency turned down immediately afterwards.
Sell set-up in GBP/JPY Hello everyone, GBP/JPY has rallied to the supply level on
the 4Hour chart. However, the supply level is not that strong.
So, for anyone selling GBP/JPY at this level, make sure you have
a stop loss. If the level at 183 holds, we can expect price to
fall to 182, 181.25 and even 179.
GBPJPY SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
GBPJPY: Two areas to SELL BIG!!!Dear Traders,
GBPJPY has potential to drop furthers since the ongoing Israel and Palestine conflict. Comment down your views!!
price will decline bove 182.20#GBPJPY price have formed a double retracment pattern which is holding above 181.96 but now the price will touch above 182.20 which is retest below 181.59, the price needs to cover the last sell decline which is also at 182.20 to continue another bear.
GbpJpy- Drop ofter confluence resistance test?In my previous analysis on GbpJpy, I said that the pair could rise and test confluence resistance at around 183.
Friday's close found the pair exactly in that level and after the gap from Monday's open, the pair continued down.
At this moment the pair is trading in the support given by the recent ascending trend line and a break above this level is probable.
In such an instance, continuation is probable and the paint could reach the previous low.
I'm bearish as long as the price stays under 183
GBPJPY - SHORT Shorting GJ again. On the higher TF(4H/1H) price formed a bearish flag/expanding triangle which is a continuation pattern and on the 15 mins TF we see the price made a 3rd touch of a channel and breaks out of a correction with high momentum.
GBPJPY SHORT IDEASo this would be my next setup for this pair,going short if it breaks the low,chasing 650 pips profit,but take your own decision how long do u want to keep trade going because on daily we can spot a big rejection half move down,where price could possibly reverse,take partials or keep your sl above last hi.Happy trading everyone,september was extremly choppy,lets see how will october be.
GBPJPY Day trading setup!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.
GBP/JPY SHORT ENTRYHey Guys!
The Weekly Bias on the Gbp/Jpy is short. Or in other words, price is likely to reach 176.30 before reaching 186.76. In this post I explain the reasoning for this short bias and moreover how I plan to trade this set up.
That's it!
Have a great day!
