GBPJPY IS NOW BULLISH TRENDBULLISH REASONS:
.Break its last LH
.Already make HH
.Bullish Engulfing in HL
GBPJPY trade ideas
GBPJPY BUY UPDATE!!!!!1:1 profit has been achieved, now let's go for 1:2
Secure half of the profits and set the other half to breakeven
#GBPJPY 4HGBPJPY 4-Hour Analysis
The GBPJPY pair has recently broken above a key trendline on the 4-hour chart, indicating a shift in momentum to the upside. However, to confirm the breakout's validity, it is advisable to wait for the price to retest the trendline, which may now act as a support level, before entering a buy position.
Technical Outlook:
Pattern: Trendline Breakout
Forecast: Bullish (Wait for Support Touch, Then Buy)
Entry Strategy: Buy on a successful retest of the trendline, supported by bullish price action signals.
Traders should watch for confirmation from bullish candlestick patterns, such as a bullish engulfing, or indicators like RSI and MACD showing upward momentum. Place stop-loss orders below the retested trendline to manage risk effectively. Target higher resistance levels for potential gains.
gbpjpy long... bullish flag in makinggbpjpy is long , we place a buy stop at he breakout of the gbpjpy , as it has break the a parallel channel and now a retracemnt of fib is pending , so we hope for the best inshallha...
GBPJPY ANALYSIS The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Pound (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading (one of today's most popular trading strategies). A carry trade happens when a person sells or borrows an asset with a low-interest rate in order to purchase another asset with a higher interest rate, looking to profit from the underlying interest rate difference. This strategy is heavily used in the foreign exchange market (forex)Bank of England (BoE), known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort. It issues currency and, most importantly, it oversees monetary policy (including interest rates). Andrew Bailey became the new Governor of the Bank of England on March 16th, 2020. Her Majesty the Queen has approved the appointment. He is widely and deeply respected for his leadership managing the financial crisis, developing the new regulatory frameworks, and supporting financial innovation to better serve UK households and businesses.
GBPJPY : New lineThe price is a bit enthusiastic.
Price is not bouncing from the line yet as I would expect. Price is hugging the line instead.
The blue line is added to show the extension of the new 'top'.
Trade carefully.
ALWAYS WAIT FOR PRICE TO COME TO YOU - DO NOT GO AFTER IT.
The R/R looks good if we stick to the plan.
Good luck.
GbpJpyi think its going for sell because make double top and tested that point in 15m tf and make a red bearish candle..
Lets see
GBPJPY SELL ANALYSISHere on Gbpjpy price has been in down trend and was able to make a retrace back and is likely to coninue falling in other to complete support zone so trader should go for SHORT with expected profit target of 188.504 and stoploss of 191.720 . Use money management
GBPJPY BUY!!!!!GJ sentimental is bullish today, and early morning it just grabbed liquidity of the Asian session low. Now, let go long
We first aim for 1:1 the 1:2 after securing some profits
GBPJPY double top found Double Top Formation in GBPJPY
A bearish Double Top pattern has formed in the GBPJPY currency pair, indicating a potential reversal of the uptrend.
Key levels to watch:
Neckline support: 190.125
Resistance: 191.500
Target: 189.500
The Double Top pattern is characterized by:
Two consecutive peaks at similar levels
A decline between the two peaks
A potential breakout below the neckline support
A breakout below the neckline support (190.125) could trigger a short position, targeting 189.500.
Keep a close eye on GBPJPY for a potential breakdown!"
BEST WISHES TOM 😎
GBPJPY LongCommercials are heavily long on GBP while somewhat short on JPY. After change of Character, I went down to smaller TF to find an entry.
GBPJPY Short - 4 Dec Price retraced into Daily supply zone.
Took out H4 liquidity.
M15 2 candles Choch, retraced into supply zone.
Ready for take off
WARNING: GBPJPY (IRRATIONAL MARKET)Today is a good market to watch or play from a live/demo enviroment. Markets are behaving irrationally creating ghost trends/reversals off no levels or fake levels.
Take sometime to learn how the predatory algos think and protect your bank!
Long idea for GBPJPYTrend reversing on a daily support 61.8, when it is pulling back on 1h chart opening buy position looks good. Risk reward 1:5. Let’s see !
GBPJPY M15 I Bounce off 50% Fibo?Based on the M15 chart analysis, we can see that the price is falling to our buy entry at 189.90, which is an overlap support close to 50% FIbo retracement.
Our take profit will be at 190.74, a pullback resistance.
The stop loss will be placed at 188.60, which is a pullback support level.
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Trading My Robin Trap Strategy Me Going Over How I Use Everything Together For My Robin Trap Strategy In Great Detail
GBPJPY Short - 4 DecPrice retraced up to supply zone.
M15 Candles double break.
Pending order to move downwards together with the market as price have taken liquidity.
Targetting the lowest swing low for a 1:5RR trade.
Price also swept Previous Day High Liquidity. Let's see!
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We dive into the power of Confluence as a core component, integrating insights from markets like the VIX to enhance feasibility and comparison. Starting from the monthly and weekly frameworks, we refine our approach to a 1-hour and 4-hour perspective, identifying high-probability setups. From there, we scale down to 15-minute and 5-minute charts, applying the same Confluence-based principles to manage trades effectively.
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What’s Flowing: GBP/JPY AnalysisMarket Overview:
• Trend: GBP/JPY continues its bearish trajectory, respecting the EMA resistance and forming lower highs and lows on the 4-hour chart.
• Current Price: The pair is consolidating around 190.14, following a significant move down from the 193.30 resistance area.
Key Levels:
• Resistance:
• Immediate: 190.90 - 192.30
• Strong: 193.88
• Support:
• Immediate: 188.13
• Deeper: 186.05
Insights:
• Bearish Continuation: The rejection from the 192.30 zone and the sustained trade below the EMA cloud signal strong seller dominance.
• Economic Events: Upcoming BOJ and BOE commentary could add volatility to the pair. Stay cautious of intraday swings as traders position for the releases.
Trade Setup:
• Short Bias:
• Entry: Re-test of 190.90.
• Stop Loss: Above 192.30.
• Targets: Initial at 188.13, extended to 186.05.
Summary:
GBP/JPY is heavily influenced by monetary policy expectations and recent dovish BOE signals. The downside remains favorable, with sellers likely eyeing the 186.05 zone as the next major target. Keep an eye on news flows and economic data releases for potential disruptions.
Thu 5th Dec 2024 GBP/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Buy. Enjoy the day all. Cheers. Jim
GBPJPY Trendline Breakout , All eyes on BuyingHello 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
Buy opportunity GJEnter with not hesitation following price action
Hammer formed with high volume that's mean potential bottom is there heading to upward momentum resume.
RRR 3:1
Let's go
