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GBPJPY

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Torroco

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Gbpjpy Explanation of the daily timeframe: yesterday's daily candle was bearish but not strong enough to go down Explanation of H4 timeframes: our SR prices ranging today are 141.xx and 140.xx wait for a break Explanation of the M15 timeframe: the price chart is pointing up in a trendline manner too, so wait for a break high to be more certain
#181 - September 04, 2020, 12:58:21 PM
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Torroco

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Gbpjpy  Explanation of the daily timeframe: for yesterday's candle the shape is bearish this marubozu confirms our direction that we will focus on selling only Explanation of the H4 timeframe: our mother candle today is at 138.xx and 136.xx as our reference  Explanation of the M15 timeframe: market situation and conditions are still pointing downward so wait for the price to bounce to the trendline first
#182 - September 08, 2020, 10:58:28 PM
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Torroco

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Gbpjpy Daily timeframe explanation: a bullish doji formed in this pair yesterday and now we will just follow the direction Explanation of the H4 timeframe: ranging candles for h4 today are at 138.xx and 136.xx, don't open positions immediately before confirmation Explanation of the M15 timeframe: it is clear that the uptrend price controls this M15 so wait for a correction
#183 - September 10, 2020, 01:33:08 PM
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Torroco

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Gbpjpy Explanation of the daily timeframe: yesterday's daily candle in the form of a bearish doji is likely to continue to rise for today, just focus on buying because of the reversal Explanation of H4 timeframes: ranging in price to h4 today around 136.xx and 135.xx wait for a high break M15 timeframe explanation: m15 trendline shows a good increase and we just open buy
#184 - September 14, 2020, 03:57:20 PM
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Torroco

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Gbpjpy Explanation of the daily timeframe: yesterday's daily candlestick for this pair is a bullish pinbar, we can be sure that today it will also go up Explanation of the H4 timeframe: the resistance support area for today is 136.xx and 136.0xx as this area will be a reference to buy or sell Explanation of the M15 timeframe: the m15 chart is still uptrend, there is no sign of going down and we will focus on buying
#185 - October 05, 2020, 05:20:29 AM
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Torroco

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Gbpjpy  Explanation of the daily timeframe: yesterday's daily candlestick was formed strong bullish, which means we will focus on looking for buy signals Explanation of the H4 timeframe: today's horizontal line is around 137.xx and 136.xx so don't open buy before break Explanation of the M15 timeframe: you can see that the price chart is still rising, which means it is still strong, waiting for a signal

 
#186 - October 06, 2020, 08:42:24 AM
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Torroco

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Gbpjpy Explanation of the daily timeframe: yesterday the candlestick was half bearish, so for today we focus on selling Explanation of the H4 timeframe: the reference price for today's range is 139.xx and 138.xx if it breaks down then sell Explanation of the m15 timeframe: chart conditions for m15 today are good enough to sell during correction on the trendline
#187 - November 29, 2020, 09:29:28 PM
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Torroco

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Gbpjpy Explanation of the daily timeframe: yesterday's daily candle was strong bullish and we will open buy in its direction Explanation of the H4 timeframe: the mother candle for today is 140 and 139.xx and we will focus on buying for today M15 timeframe explanation: today's trendline is still showing a decent increase and we will focus on buying after correction
#188 - December 01, 2020, 11:57:28 PM
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Keylevel

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GBP JPY is under bearish pressure, seen in the daily candlestick down and breakout time frame, CCI is down


#189 - August 15, 2021, 01:01:20 PM
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zanurreload

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A sell order on GBPJPY today touched take profit with a total profit of $0.19
#190 - November 29, 2021, 11:21:22 AM
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zanurreload

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A sell order on GBPJPY touched a stop loss with a total loss of $0.24
#191 - December 06, 2021, 11:31:26 AM
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Albayani

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GBPJPY TECHNICAL ANALYSIS 23-03-2022


Forex Analysis- Technically, I see that the GBPJPY pair has entered a price position that is still feasible to take into account its entry point.

Let's look at the following GBPJPY 1 Hour Time Frame chart image before we analyze:
GBPJPY in Technical_GJPY-23-MAR
Let's analyze using Price Action (Trader Pressure) analysis. In the market trend, GBPJPY appears still in a Bullish / Uptrend, but we also have to anticipate a trend reversal if the price breaks the Support area above and also consolidates prices.
In candle history, we can look for Buy entry opportunities, but to be more objective, I will present an analysis for buy or sell entries.
If we look at the chart image above, Buyer pressure (long Green candle) slowly raises the price without being able to be countered by Seller pressure (long Red candle) and forms a Higher Low.
This indicates that it is still the Buyers who dominate the formation of certain price levels. However, we can still find Sell opportunities in this GBPJPY pair.
In the picture, I determined the Resistance Area through two lines above the price (161.96 ? 161.41) for the Support area, we can see through two lines below the price (159.87 ? 159.26).


Here are my entry setup options, you can use them to suit your trading style.
Setup entry for breakout opportunity,

if the price of the 1 hour close candle breaks the Upper Limit of the Resistance Area (161.96), then get ready to look for the best entry buy position.

If the price closes the 1 hour candle penetrates the Lower Limit of the Support Area (159.26), then get ready to look for the best sell Entry position.

Cut Loss if the hourly close candle price is below the lower limit of the resistance area (<161.41) for buy entries, and above the upper limit of the support area (>159.87) for sell entries. And do a risk ratio of at least 1:1.

And Pullback Setup for SELL position:

The Pullback area uses the support area, if the 1 Hour Close Candle price is in the pullback area, you can take a Sell position and make a Cut Loss if the 1 Hour Close Candle price is above the upper limit of the Pullback area (> 161.96). Use a risk ratio of at least 1:1 according to the way you trade.

And Pullback Setup for BUY position:

The Pullback area uses the resistance area, if the 1 Hour Close Candle price is in the pullback area, you can take a Buy position and make a Cut Loss if the 1 Hour Close Candle price is below the lower limit of the Pullback area (< 159.26). Use a risk ratio of at least 1:1 according to the way you trade.



Continue to use good money management in every entry for healthy trading continuity, and stay alert to Fake Breakout Candles.

Hopefully this article can be your reference in analyzing the market.




Happy Trading everyone.

#192 - March 23, 2022, 02:14:06 PM
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