GBP/JPY

GBPJPY Daily Outlook

Ichimoku Analysis (4-Hour Chart) Tenken-Sen- 154.05 Kijun-Sen- 154.18 GBPJPY is trading flat with no fresh buying momentum. The pair was one of the best performers in past one month and jumped more than 500 pips on the strong Pound sterling. GBPUSD recovered from a low of 1.41000 but trading below 1.4200 ahead of UK retail sales and Flash manufacturing PMI. Any breach above 1.42500 confirms a bullish continuation. USDJPY has once again declined below 109 on weak on broad-based US dollar weakness. A dip below 108.50 will take the pair to 108.20. The intraday trend of GBPJPY is bullish as long support 153 holds. Technical: The pair's near-term resistance around 155, any break above will take the pair to next level till 156/156.60. On the lower side, near-term support is around 153.50. Any indicative violation below that level will drag the pair down to 153/152. Significant trend reversal only if it breaks below 147.40. Ichimoku Analysis- The pair is trading above 4-hour Kijun-Sen and cloud. Indicator (1-Hour chart) CAM indicator – Slightly Bullish Directional movement index –Bearish It is good to sell on rallies around 154.30-35 with SL around 155 for a TP of 152.

Good day Folks. Why not make this GBPJPY thread interesting. Let’s share analysis for the trading week, remember GBPJPY only.

Hi everyone.

I will continue to buy the dips. My target 162.

Something like this. I’m expecting a corrective short on the GBPJPY

GBPJPY Daily Outlook

Ichimoku Analysis (4-Hour Chart) Tenken-Sen- 155.25 Kijun-Sen- 155.34 GBPJPY has formed a minor top around 156.05 and lost more than 100 pips on board-based yen strength. USDJPY halted its five weeks of a bullish trend and shown a massive sell-off on US bond yield weakness. Any breach below 109.30 confirms further weakness. GBPUSD struggling to close above 1.4200 level. Any daily close below 1.4080 will drag the pair further down. The spread of the Indian variant is putting pressure on the Pound sterling. The intraday trend of GBPJPY is bearish as long resistance 156.05 holds. Technical: The pair's near-term resistance around 155.30, any break above confirms intraday bullishness. A jump till 155.82/156.10/156.60 is possible. On the lower side, near-term support is around 154.50. Any indicative violation below that level will drag the pair down to 154.35/153.75/153. Significant trend reversal only if it breaks below 153. Ichimoku Analysis- The pair is trading below 4- Hour Kijun-Sen and Tenken-Sen. Indicator (4-Hour chart) RSI- Bearish Directional movement index –Bearish It is good to sell on rallies around 155 with SL around 155.75 for a TP of 153.

Still on a gentle slide. The bottom won't be too far away imho

Interesting, you got a price?

CLOSE TO BUY DIP

What next on this week? the price below McGinley indicator as shown down a wave on GBPJPY, but indicator only help to identify current price not far ahead,
based simple theory if price crosses from top to bottom indicate the bearish trend will begin, but sometimes the end story is different.

The g/y is approaching support (S1) at 152. If prices slow down around 152. It is a good long trade all the way to CPP at 153.

That is a good 100 pips.

long at 152.3x-2x tp open

long again at 151.2x tp open

Hi guys, been sitting on a short since 23rd of June (155). targeting 150. Not sure though if it will dip down to 149 before a bounce.
What are your thoughts?

Let's see if we can reach a lower low today

GBPJPY approaching significant support at the lower daily Bollinger Band - 151.43- expect intraday upward revrsal from this price level:

GBP/JPY
Entry: 149.89
Target: 150.29

Taking long position at 149.3x-5x tp 149.7x- 9x

GJ
Entry 149.21