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Gbpjpyanalysis

GBPJPY MONTH TIME FRAME@717.347 All time High on 01Jan1975 @116.837 All time Low on 01Sep2011 GBPJPY market is falling down from 01Jan1975 As you see I marked 4 POI on month TF @208.117 and @188.631 this two POI are for short position. And if we see price is going to mitigate @188.631 my POI is calling them to mitigate there if you want to place order then place @188.631 short SL 198.358 TP 169.115 RR 1:2 Second short order @208.117 SL 221.481 TP 181.454 If price give us a breakout @215.892 which is high on 01Jun2008 we can see a BULL RUN ?! I don't know! But if price give us another breakout @251.115 which is also a high on 02Jun2007 then we can see a retrace and BULL RUN! And another 2 POI is for long position @161.976 and @139.478 I Think GBPJPY market is doing good going good. CHART LOOK'S GOOD AND CLEAR WHOEVER IS READING THIS COMMENT, YOUR THOUGHTS, THANK YOU.
Short
by VIJETEJBHIMRAOTAMBARE
Possible Elliot wave counts of GBPJPY (now down then up)Hello Friends, here we had shared possible Elliot wave counts of GBPJPY on hourly time frame chart, in which wave structure says that currently we are in wave (c) of wave 2 of wave (C) of some complex correction heading towards north, on bigger scale post (C) again we may start journey towards south directions, Right now on hourly chart we can assume that we may witness fall as a wave iii, iv & v of (c) of 2 of (C), (c) can be an equal of (a) so it may show us 164.858 levels as an equality. Now down then up, Overall it's suggesting buy on dips only. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. RK's mass psychological cloud is also suggesting good support at same buying zone area Bigger picture Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
by RK_Chaarts
GBPJPY BEARISH IDEAIt'll be more clear if you look at your chart in D1 TM. I've spotted raising wedge which is reversal pattern and the H&S pattern still seems to be valid, the new bearish impulsive moves started this is why the current trend up seems to be counter trend. to sell the market wait for the break of the falling wedge and the correction channel. Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
Short
by CELGIB_TRADING
GBPJPY ANALYSIS ON H4 CHART.Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%) Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K) Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%) The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8). GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000. Look for short-term buying opportunities of GBP/JPY.
Long
by charliedavies770
GBPJPY ANALYSIS ON H4 CHART.Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the support zone of 156.000. The UK CPI y/y data (Actual: 5.4%, Forecast: 5.2%, Previous: 5.1%) released yesterday indicated that prices in the UK hit the highest level since March 1992, a 30-year high level driven mainly by higher energy prices and supply chain disruptions. During his testimony yesterday, Bank of England Governor Bailey highlighted that there are evidence of a second round of inflation effects. Currently, GBP/JPY is trading towards the resistance zone of 156.000 and the next support zone is at 153.800. Look for short-term selling opportunities of GBP/JPY if it bounces off the resistance zone of 156.000.
Short
by charliedavies770