GBP/JPYVery simple ... Very clear
Another downtrend has begun.
This is my personal opinion. Please do not trade based on my analysis and data.
Gbp-jpy
GBPJPY Trade according to these levelsThe GBPJPY pair has previously formed an Inverse Head and Shoulders pattern (IH&S) that hasn't yet fulfilled its levels. The reason is the Lower Highs trend-line that has been formed since the June 09 High. Only a break above that level, which caused a rejection yesterday, can initiate a new bullish wave, in which case our targets will be 168.535 and if the Channel Up breaks, then pursue the 1.5 Fibonacci extension of the IH&S.
Until that happens, we are on a short-term sell, targeting the Higher Lows trend-line. After that, only a break below the 1D MA200 (orange trend-line) can justify further selling.
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GBP/JPY:REVERSAL HARMONIC PATTERN | SHORT SETUP Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Have a Good Take Day_Profits !
Clear pattern here, GBPJPY bullish ?As u can see GBPJPY made HnS pattern , broke trendline and made double bottom after broke it !
What do you think of this ?
possible turnover GBPJPY After filling the Imbalance we could see a drop on GBPJPY.
Wait for a BOS on a lower time Frame for confirmation.
Entry: 165.1
SL: 165.335
TP1:164.300
TP2:163.140
TP3:162.380
TP4:161.586
After 1.5% set SL to BE
Please like and comment what you think! Thank you!
GBPJPY Forecast || Short Trade || Smart Money ConceptHere's my analysis of GBPJPY. After closing my Long trade, entered a short setup based on Smart Money Concept. Refined my OB to 30 min to get a better RR
GBPJPY long The reason is that the price opens above pivot points and moving averages which shows me that buyers are in power .... now I do not want to buy and I want to wait for the price to go down to pivot point where I want the price to slow down and the cluster indicator to give me a signal to buy...and one more thing I think jpy is trash
What will happen to GBP/JPY?If you look at the chart you can see two daily support and resistance area which I show them with a text on them and we have an other resistance trend line which is for 4 hour chart and we can see that the price could not break it. now I want to know your idea about the chart and the future price of GBP?JPY.
Thank you
GBPJPY sell 4h I look to sell gbpjpy on 4h.... the reason is that as we see 50 and 200 it is above the price and we are in the bearmarket I will put a sell order under the 4h candles with target 160.719 and SL 163.890
GBP/JPY:DOWNTREND | NEW SWING OPPORTUNITY | SHORT ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE!
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Have a Good Take Day_Profits !
GBPJPY on a triple top 🦐GBPJPY on the daily chart is trading near to the recent highs.
The price after a 3rd rejection by the resistance structure dropped.to the 163 area and might move below it within this week.
How can i approach this scenario?
I will wait for the EU market open and search for a break of the support.
In that case, i ll be looking for the Plancton's strategy to set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBP/JPY is standing on support also at demand are long opportunidemand area are identified at 1-hour time frame three different target area.
GBP/JPY Short analysis 280-300 pips possibilityThe overall trend for GBP/JPY last couple weeks is for short. I've made this analysis considering various elements in technical analysis which have been respected and some zones that the price has been rejected into aswell in the past.
Couple of chart patterns such as support/rezistance, trendline and fibonnaci have been respected in this analysis, so there is a high probability in the next couple of days for this pair to continue the down trend.
Any comment/suggestion is welcomed .
GBPJPY LONGif the price break the resistance we will visit the green areas
TP 1
GBPJPY ==> 174
TP 2
GBPJPY ==> 185
SL in 159
GBPJPY going upAs you can see , pair made same pattern on exactly same levels.
It made HnS on 30 min chart , wait for neckline break
Trade safe guys !
GBP/JPY Outlook (8 July 2022)The GBPJPY had been trading between the 162 and 165 range, due to the USDJPY and GBPUSD trading within their own wide price range.
As discussed in the GBPUSD analysis, the outlook for the UK looks bleak, with price of the GBPUSD trading below 1.20 and further downside expected, the GBPJPY could be taken with it
The aggressive approach would be to look for selling opportunities if price closes below 162. Alternatively a safer trade, would be seek a selling confirmation only if price breaks below 0.61.
Significant volatility is to be expected below 161, with the next key support level at 157.00
GBPJPY: Change in OIL prices and potential JPY strengthHey traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 164 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart is trading bear to the recent highs.
The price after another long bullish impulse might be looking for a retest of the support area at the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for the EU market open and search for a break of the support.
In that case, i ll be looking for the Plancton's strategy to set a nice short order.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBP/JPY Outlook (30 June 2022)Watchout for the 165 support level.
Currently the GBPJPY is rebounding at this point, following the rebound in the GBPUSD. However, if the GBPUSD reverses towards the downside, it could bring the GBPJPY lower too.
Look for price to break and close below 165 before selling down, with significant downside potential, similiar to what happened on the 13th June.
Next support is at 162.00
