GBPJPY: So perfect chart!The GBP/JPY pair is on track to end the day close to its starting point, as market fluctuations caused the Guppy to trade back and forth due to changing sentiment. Traders of Pound Sterling (GBP) are preparing for a data-heavy economic calendar in the United Kingdom (UK) during the first half of the week. Meanwhile, broad-market support for the Yen (JPY) has increased following comments from officials at the Bank of Japan (BoJ) over the weekend, suggesting that negative rates may come to an end in Japan.
Gbpjpyanalysis
GBPJPY BUYS in playGBPJPY BUYS in play.
1. Potential Bullish Trend.
2. GBP is strong meanwhile JPY is weak.
3. Short term sellers pressure.
We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
GBPJPY and GBPUSD Top-down analysis 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.
DeGRAM | GBPJPY breakout of the psychological levelGBPJPY is trading in the descending channel. The market broke and closed below the psychological level at 184.000.
Price action is printing the AB=CD, and it creating the engulding candle, indicating bearish dominance.
We expect a retest of the support level.
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CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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DeGRAM | GBPJPY possible bearish moveGBPJPY is trading in the descending channel.
The market rejected the support level, and it's pulling back to resistance.
On D chart, the market is consolidating.
If the price makes a false break at the confluence level, it might go further down.
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GBPJPY Analysis 10Sep2023My view of this pair is still bullish like the last analysis that I share here. For now the price is seen sideways, in my opinion this sideways series is included in the correction wave from the existing bullish trend series. We can only wait to do a short in an area that you think is valid with the help of this analysis.
GBPJPY, to swing up to retest the Year's high of 186.735GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support.
The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd September and rebounded on the 183.530 support.
What do I expect??
The price will swing up to retest the year's high of resistance (186.735) or the yearly resistance trendline closer to the year's high as shown.
GbpJpy- More than 500 pips selling opportunity2023 was a very strong year for GbpJpy, with the pair rising more than 3k pips, exceeding my target of 180 as explained in both my 17th of January 2022 and 20th of April 2022 long-term analysis.
Although the pair remains in an up trend, for a month now, GbpJpy has failed on 186, unable to make a new high, leaving long up-tailed weekly candles.
This suggests that a top could be in place and a much-needed correction could follow.
With this in mind, I will look to sell rallies for a medium-term trade with a 500 pips target.
A new high would negate my outlook.
My previous long-term analyses for GbpJpy:
GBPJPY Top-down analysis 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.
GBPJPY Long Term Buying Trading IdeaHello 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 Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY - AnalysisGBPJPY
W1 - The price has formed a double top, which may indicate the beginning of a trend reversal, after a long growing trend and falling to 165.832.
D1 - A “triangle” pattern is being formed, a breakout of the lower line may also indicate that the price may change its direction of movement to a downward one.
What can be expected now?
If the triangle is realized, we can expect the price to fall to the level of 181.527 and further decrease to 174.203.
Long term - targets 180.292 - 174.203 - 165.832.
Medium term - targets 181,527 – 178,534 – 174,203
GBPJPY I Sideway trading continues Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPY BUYS in play.
GBPJPY BUYS in play.
1. Potential Bullish Trend.
2. GBP is strong meanwhile JPY is weak.
3. Short term sellers pressure.
We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
GBPJPY BuyAs gbpjpy is moving in uptrend and this tend is getting 💪 from Daily timeframe as GBPJPY had reached its daily significant support level and has turned back upward ⬆️ will reach to its resistance level another Confluance for this long setup is 200 EMA shows the bull trend baised so we hope for the best as the pair returned from support level we are waiting for a price action like Bullish engulfing Morbozu or a hammer
Bullish Opportunity in GBPJPY - A Technical AnalysisBullish Opportunity in GBPJPY - A Technical Analysis
#GBPJPY #ForexTrading #TechnicalAnalysis #TradingView
Hey traders! 👋 Let's dive into a technical analysis of GBPJPY on the 1-hour time frame and explore an exciting opportunity.
**Overall Trend:** 📉 The overall trend on GBPJPY in the 1-hour chart is bearish.
**Bullish Divergence:** 📈 We've recently observed bullish divergence on the lower lows (LLs) in the 1-hour chart. This is a sign of potential trend reversal.
**Pattern Analysis:** 📊 While there's no clear trend continuation pattern, we have identified an Inverse Head and Shoulders pattern, suggesting a potential bullish reversal.
**Bias:** 📈 Taking all these factors into account, our overall bias for GBPJPY is bullish.
**Time Cycle:** ⏰ The daily cycle also supports a bullish outlook.
**Seasonal Pattern:** 🍂 Looking at historical data, September has shown a bullish pattern over the past 10 years.
**Trade Setup:** 📈
- **Long Entry: 184.6
- **Stop Loss: 183.6
- **Take Profit 1: 185.6
- **Take Profit 2: 186.6
**Investment Advice:** 💡 It's important to remember that trading carries risks, and past performance is not indicative of future results. Always use proper risk management techniques, and consider starting with a demo account to practice this strategy. Monitor the trade closely and consider adjusting your stop loss as the trade progresses. Remember, this is not financial advice; it's an analysis of the technical factors at play.
Keep an eye on GBPJPY, and good luck with your trading journey! 📈💰
Disclaimer: This is for educational and informational purposes only. Do your research and consult with a financial advisor before making any investment decisions. #InvestResponsibly
Remember to adapt your trading strategy as market conditions evolve, and never risk more than you can afford to lose. Happy trading! 💼📊
GBPJPY: GBP/JPY trades with negative bias near weekly low, manages to hold above 184.00 mark
The GBP/JPY pair is experiencing a slight downward trend for the second consecutive day on Friday and remains near the lower end of its weekly range during the Asian session. However, spot prices are able to stay above the 184.00 level, which should make aggressive bearish traders cautious and prepare for any potential further decline in value.
GBPJPY Long Term Buying Trading IdeaHello 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 Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts