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.
Gbpjpyanalysis
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... as I said a few weeks ago GJ made the 700 pips we announced and rejected from the target area number 1
Now, I expect a period of range and a retest of the trend line but at the first close even on 1 day below area 148 I will enter SELL until area 142
THIS WEEK...as I said in the last months ... GJ closes lower and lower and makes a range between my number 1 target and the trend line ...
I will try to trade in this area until closing even for 1 day above or below the area and then I will reanalyze the whole strategy
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks ago!
...as I said a few weeks ago GJ made the 700 pips we announced and rejected from the target area number 1
Now, I expect a period of range and a retest of the trend line but at the first close even on 1 day below area 148 I will enter SELL until area 142
THIS WEEK..GJ retested thetargetr 1 area that I expect to pierce in the next period!
However... any closing even for 1 day under 148,500 will make me open another SELL up to the target area 2!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPJPY Channel FormationSell GBPJPY
Things to consider:
1. Channel formation on daily timeframe
2. According to COT data GBP is Neutral and JPY is shortening
3. Down Momentum Started
How to enter:
1. Sat and Sun is off so entry will be done on Monday
2. SL - 152.6 TP - 150
3. Follow my analysis
ALL THE BEST!
GBPJPY Head & Shoulder Formation (Weekly)Head and Shoulder pattern has been formed on GBPJPY on weekly time frame.
The price is most likely to move down from the neckline.
Things to consider:
1. Weekly Head & Shoulder formation
2. Monthly Resistance
3. Latest COT report - GBP "Neutral" & JPY "Short"
How to enter:
1. Follow the analysis that i have made
2. Locate all the important price areas
3. Entery should be taken in 4 hr timeframe
ALL THE BEST!
GBP/JPY FOLLOW THE HEDGE FUNDS!Add GBP/JPY in your watchlist, it seems it is ready for a potential down move 📉
Things to consider:
1. Big impulse last month, now taking breath
2. Traingle Formation
3. Hidden Divergence in RSI
4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k
How to enter:
1. Study the chart as shown in my analysis
2. Wait until trendline is broken and turned into resistance
3. Entry should be taken on 4hr timeframe for better R:R and enter when moment is downwards
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks ago!
THIS WEEK...as I said a few weeks ago GJ made the 700 pips we announced and rejected from the target area number 1
Now, I expect a period of range and a retest of the trend line but at the first close even on 1 day below area 148 I will enter SELL until area 142
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... GJ retested the area of the trend line from where it rejected and stick to the same idea of massive SELL in the next period
just a weekly close above the trend line will make me consider a new BUY!
THIS WEEK...GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks ago!
Even if it retests the trend line, I am waiting for GJ at my final target in the next period ... 148,200
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.






















