GBPJPY H1 ForecastGBPJPY H1 forecast
Wait for marked zone if you want major move.
Entry must be in LTF confirmation. Not recommend to enter blindly.
Max SL :20 pips
Good luck
Key stats
Volume
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Previous close
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Open
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Day's range
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About British Pound / Japanese Yen
GBP JPY (British Pound / Japanese Yen Spot)
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
GBPJPY 4 Hour Divergence Example (28 March 2023)This is also another kind of
Divergence:
1. The chart is making Lower Low
2. But the MACD should make Higher Low
Then we can expect reversal.
You can verify from results.
GBPJPY TRADE 27.03.23Marked High POI zone for selling due to downtrend looking for sell..
Market taken out inducement.
Comes to mitigate the eng liquidity..
Why i marked this yellow border high poi because the last bying candel sweeps the previous candels liquidity..
That is not mitigate so the high probability zone is
GBPJPY Price approach at area of value and made trend reversal pattern formation and pullback completed
GBP/JPY long idea as you can see that market played as I anticipated in the previous idea that I was looking for this refined 4h demand to be filled before looking for buying opportunity. in Landon session you can see market after retesting that 4h demand shows some nice rejection broken some key structure in the low
GBPJPY ANALYSIS FOR 20.03.23* Smc setup is on sell side
* Entry on FVG
*EP- 160.593
SL- 160.663
TARGET- 158.553
UPDATEGBPJPY Technical Analysis. potential short on GBP/JPY
We can clearly see that price is showing
us some bearish momentum on GJ keep an eye out to see what price action give us
just a prediction for GBPJPY Only setup ill be looking for todaymarket had come into a bullish trend , given a CHOCH, potential longs till previous highs
GBP/JPY SWING BUY IDEA market already sweep the liquidity and retest the daily demand according to my previous analysis. now if you drop down to lower timeframe you can see that there was a clear 4h demand was there inside the daily. so, my idea was to buy from that demand to fill the 2h extreme supply above with lower ti
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