GBPJPY's bullish streak ends with bullish trendline break. The downtrend has begun with the Elliot wave pattern leading the way. We expect the Japanese Yen to recover with the news that the Japanese government is considering ending the deflation period.
**Monthly Chart** Last month's candle closed as bullish. GBPJPY is currently moving toward 195 level which is the swing high of June-Aug 2015. The pair is extremely bullish. However, we might see a strong reaction near the mentioned strong monthly swing high. Therefore, the price will have one more push-up before it reverses lower. **Weekly Chart** Last week's...
this looks interesting, i thin knews pushed it, but news is neutral, news finish, usually balances out
Based on current interest rate and inflation projections for both the British Pound and Japanese Yen, I might go short GBP/JPY for the remainder of the year.
Wait for potential bottom wick rejection at 189.280 region to push up
This is an update to a previous bearish bias. We remain bearish for as long as the trendline is respected
GBPJPY Pivot 189.240 - If the price is higher than the pivot, Long target TP1 at 190.270, TP2 at 190.700, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 188.690, TP2 at 187.990, cut loss if the price is higher than the pivot. ***Please money management***
Thursday Daily candle closed weak Bearish around 189.560 closing above recent Daily Support and forming over 130 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 189.760 targeting 4h Resistance around 190.350 and next 4h Strong Resistance around 190.810. I’ll be looking for potential Sells below 189.120 targeting 1h previous Resistance...
Weekly: + MS + Zone - LLC - FIB 2/4 LONG + Break and retest from weekly high + we see that clearly on Daily and 4H + Also activation of weekly M pattern Daily: + Bullish M's (2) + Natural M + 3 leg -27 FC + Clear new action that caused heavy bullish action (presicely to weekly zone) 4H: + Inv H&S B.O.S and SoM *We can clearly see that bulls are...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 190.200 to 190.300, and another medium risk sell zone spanning from 189.950-190.150 respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 190.200 and 190.300, serving as a...
my idea GBPJPY wait price retest in the zone 170 and looking for hold position long
Sell limit gbpjpy small stop loss. Fair value gap, imbalance, break of structure, Choch
We've seen a FX:GBPJPY Double Top 191.136 and we're now at the neckline at 189.290 Waiting for neckline break and will short on the retest with Target at 187.160 range
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.
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block + institutional big figure...
GBPJPY Has shown weakness and expected to hit the levels below 188. The Pair has retraced to the channel and expected to to fall to 187.82.
GJ has come back to a 4Hr OB after sweeping liquidity and filling imbalance. Entry @188.500 sl @187.790 tp @191.100