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Gjlong

GbpJpy -> Perfect Market BehaviourHello 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, moving averages are also quite bullish on the weekly timeframe so I am now just waiting for a clear break above the zone, followed by a retest and then I do expect more continuation towards the upside. On the daily timeframe you can see that GbpJpy already rejected the previous resistance area a first time towards the downside, now we are retesting the zone again and there is a higher chance that GbpJpy will break the zone and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
53
GBPJPY Demand AreaOverall uptrend for quite a while, though it did just change from shallow to steep in one quick move recently. Price is slowly making it's way back down to the area it ejected from before, and currently at the 50% fib level. Assuming it does not turn here to go back up, I would expect price to continue it's slow decent into the demand area below around the 167 level before turning back to the positive side. I would think there are a lot of sellers waiting above the double top, so target that area for a likely positive outcome and then see where price reacts from there. The demand level looks strong enough to bring price right back up, but it may take a bit more interest at the upper levels to break through the resistance level, so not going big on target for these doubts, but things could change along the way. Should price turn here, I would expect it to continue trend, but with end of the day coming soon, I think the slow decent is more likely to happen, because we may come back up, but volume will start going down, bringing price to a near halt. Then on the open of the day it can freely nudge back down into the limit order and all the other waiting buy orders I would expect should be there waiting with me. Entry at 166.964, Risk is 73.5 pips (166.239), target is 492.5 (171.9)
Long
by ForexStoryteller
GBPJPY Long planGJ is broadly ranging and complex? Mid term direction bias still seems to be forming / TBC with a wedge shape formation Last week's break below 158.65 was rejected with a bounce Monday morning to current levels of 161.2 after liquidity grab This plan assumes the bounce takes us back up to the previous target resistance and break of the wedge at 163.8 liquidity zone A retracement to get us in a better risk/reward long - if this is not provided, then a short plan will follow as the bias is towards ranging price action!
Long
by WestEndFX
1
GBPJPY Trading Plan - 26/Mar/2023Hello Traders, Hope you all are doing good!! I expect GJ to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
GBPJPY LONG BIAS (SWING IDEA)Hello everyone! I have updated my GJ chart. I have realised that there was a clear sell missed on the LTF, where the white POI zone is marked. However, GJ is going to test a crucial Demand zone and i will be looking to Swing trade this once i see LTF confirmations on my chart! The buy target is very much realistic. As on monthly, GJ hitting 184 is very possible in the next year or two. Any questions, Ideas, or objections please comment down below or DM me :) Take care traders!
Long
by NeddFx13