Forex Blog |  GBP/JPY

GBP/JPY | Short | H1 Timeframe: H1 Analysis: GBP came out with worse than expected PMI, fundamentally GBP is doing worse and has a bearish outlook. JPY has a more bullish outlook with rising CPI and loosening monetary policy. Technically GBPJPY came back up to

GBP/JPY | Long | H4 Timeframe: H4 Analysis Method: Wave analysis Analysis: Broke 4H structure. Currently in correction mode. Trade Plan: Will wait for correction to finish Risk Management: 0.5% Things To Watch For: Reaction between 157.5 – 157 level

GBP/JPY | Short | M30 Timeframe: M30 Analysis Method: supply and demand and BOS Analysis: it is what it is

GBP/JPY | Short | D1 Timeframe: D1 Analysis Method: Elliott Wave Analysis: The analysis starts from a break of a triangle pattern followed by a 5-wave move down concluding at 7830. Price then moved up to complete sub-wave a before making a new low at

GBP/JPY | Long | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: The volume surged with a widespread up bar above the short term resistance. The cross is poised to hit 168 as long as it stays above 165.75. Trade Plan: buy on dip or buy

GBP/JPY | Short | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: The price formed a hiddn uptrhust bar witha huge volume. The 20 and 50 SMAs are makng crossover. Overall, GBP is bearish while JPY is retracing from its 20-year lows. So all set to

GBP/JPY | Short | D1 Timeframe: D1 Analysis Method: vol/wav Analysis: Pair hits 168.45 previous high. Good to sell now with a very tight stop loss. Trade Plan: sell now Risk Management: 1% Things To Watch For: 168.50

GBP/JPY | Long | D1 Timeframe: D1 Analysis Method: vo/-wav Analysis: The daily chart shows a strong rejection of bears. The price has turned positive, aiming at previous high around 167.60. Look at the chart mage for exact entry and exit. Trade Plan: Buy now

GBP/JPY | Long | H4 Timeframe: H4 Analysis: On March 28th, I published a trade idea that GBP will continue long against JPY, the trade paid well, in my opinion, GBP will continue long, but this time I will enter in 3 different places, one

GBP/JPY | Long | H4 Timeframe: H4 Analysis: GBPJPY moves within an ascending channel. As long as it does not break down the channel, the direction is long. Things To Watch For: Stoploss when the ascending channel breaks down.

GBP/JPY | Short | H4 Timeframe: H4 Analysis Method: Secret Analysis: Secret Trade Plan: Simply following the trend and reading the candlesticks Risk Management: 0.5%-1%

GBP/JPY | Long | H1 Timeframe: H1 Analysis Method: Fundamental – Supply and Demand Analysis: The Bank of England raised interest rates for the second time in three months last week. On the other hand, Bank of Japan is lagging in their monetary policy and

GBP/JPY | Short | H4 Timeframe: H4 Analysis Method: support and resistance Analysis: The GBPJPY pair has reached a resistance zone, and although the money is moving to the Japanese currency, I believe there is an opportunity for a short

GBP/JPY | Short | H4 Timeframe: H4 Analysis Method: Technical analysis Analysis: Axis point. Downtrend plus significant level of liquidity. RSI showing divergence Trade Plan: Trade according to your own trading plan. Risk Management: Trade looking good. risk 1 % or 0.5 percent per possition.

GBP/JPY | Short | M30 Timeframe: M30 Analysis: Enter: 157.25 TP: 156.81 SL: 157.50 Risk-Reward ratio 1:1.72 (44pips) Reason of entry: closed below 1H support at 157.30. Created a bottom wick. Nikkei (Tokyo stock market) is down over 1.4%.