Gj is has shown a rejection to its trendline and this running candle will be our decision candle to enter it closes above 172.238 then on retest we will enter cz this is going to be a confirmation candle as it seems to be a Marbozo or an Bullish engulfing so we will wait to close this candle and then enter otherwise for sell setup we will wait for price to...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is currently retesting a quite obvious previous weekly resistance area at the 172 JPY level which is now turned resistance again. You can also see that as we are speaking, GbpJpy is creating bullish weekly market structure,...
Waiting for a clear, pull back into the fair value gap liquidity spot to initiate buys on GBPJPYw these fair value gaps also act as a support after broken resistance after some bullish pressure from GBP bulls
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
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.
since 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 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...
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 !
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.
Waiting for a retest of 167.995 to longGBPJPY back up to prior highs at 172.332 If you agree drop a like and if you have nay questions leave a comment :)
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. Like, comment and subscribe to be in touch with my content!
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...
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
STRATEGY 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...
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
This 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.
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.
GBPJPY Buy trade targeting 169.70, 170.30, 171.23 $ 172.59 with SL below 168.55 Heed your DD!