The GBP/JPY currency pair is currently in a volatile state, influenced by contrasting policy expectations from the Bank of England (BoE) and the Bank of Japan (BoJ). While the BoE is likely to maintain its benchmark interest rate, the BoJ may adjust its yield curve control policy, lending support to the Yen. Technical indicators suggest a bearish outlook for the...
GBPJPY W1 - We can say that a strong “Head and Shoulders” pattern has already been formed. You can also pay attention to the formation of a 3-wave structure for a trend reversal. In this scenario, it would be possible to see the price at 164.120. Otherwise, if the price remains at these values, a triangular formation can be considered. D1 - The price is...
hello traders as i can see this pair had reached in over bought conditions & today's Japan GDP growth show a high numbers in Aug so on the base of economic data and overbought on daily TF i am going to place a sell order on this pair kindly share ur ideas and push like button if u like my idea
Dear traders, in my previous GBP/JPY trade idea, I recommended you to sell GJ@183.70. Shortly after, GJ continued to fall and went as low as 181.10. So, if you followed my idea, you could have made 260 Pips! (Link to the previous idea has been pasted here below ) Now, as per the current scenario, GBP/JPY is very close to the 100-day exponential moving average...
GBPJPY breakout of an ascending channel/Rising Wedge on the 4h TF after already breaking out an ascending channel on the higher TF(1D, 1W)
Hello trader, in both of my last two ideas on GBPJPY, I advised you to go long in GJ. Price was at 181.30 back then. So, if you followed you already made over 200 pips profit. Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80 zone. If the zone holds and we see the formation of some rejection candles in this area, then we can...
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Hello traders, we are possibly witnessing the a consolidation and building of a bullish base for GBP/JPY which will propel the price towards 185 and even 188 in the coming days. Currently, I do not have any open positions in GBP/JPY. However, if price dips towards the 100 day EMA level near 180, I would definitely consider a buy entry.
Hello, according to the analysis of the GBPJPY pair, there is a good opportunity to buy. With the break of the downward channel as shown in the analysis, we also notice that the price returned to the downward channel to be retested successfully. All these factors confirm that the market is for purchase. good luck for everbody
Hello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Scenario: Price is currently ranging, liquidity has been built up below and above, buyers has been absorbed with divergence impact, price is currently building up to retest the 70 - 80 zone. Expectation: Once price takes out liquidity below, I will look for bullish 15m BOS and buy on the second retest block. Once price takes the liquidity above or reach...
Scenario: Price is currently ranging with a liquidity build up above and below. For the fact month is on a retracement to form a HL as seen on my monthly analysis. It is idea to envisage for valid shorting positions. Expectation: I expect to break out of the range and clear some liquidity and the break structure on 15m on either side before heading to...
Hello traders, in my previous GBP/JPY analysis I recommended selling at 182.70 as it was a hourly resistance. If you followed that idea, you made over 150 pips profit as price reached the hourly support. Currently, the price has rebounded from the 181.20 hourly support level. We have the formation of a reversal candlestick and based on the momentum, we can see...
We can clearly see this pair is in a BEARISH Trend by looking at the Daily timeframe. Switching to the 1 Hour Timeframe, I can get a better picture of when I need to enter this market. Price has tested the Pivot all week and continues to bounce between it and a strong support at 181.250. MACD showed me a cross, RSI is under the MA and price is under all of my...
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...
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.
We expect further upside on this pair which is signalled by the breakout of the descending channel pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
GBPJPY 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...