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Gbpjpyidea

GBPJPYThe British pound continues to sell off in general, but this particular pair is going to be a little bit different due to the fact that the Bank of Japan continues to fight higher interest rates in that country. As long as that is going to be the case, the British pound has at least a chance of staying bullish. However, the Bank of England has stated that they expect a recession, so if you are looking to capitalize on the weak Japanese yen trend, you may want to do it in other pairs. Alternately, if we see this market break down below the ¥159 level, it is very likely that we will drop it a couple of hundred pips.
by SmoothJB
GBPJPY CONSOLIDATION (WEEKLY)Hello, as you can see GJ is near a weekly foundation and whenever price is next to that area we tend to see a lot of consolidation on smaller timeframes, although you can always take advantage of minor structure although I would love to see GJ close off with a Doji candle, at the end of the week. As we are in the corrective stages on the weekly timeframe. Happy trading all the best❤️ Ps: Feel free to connect with me or ask any questions. Jesus Christ loves you and died for you.
by louisemwesigwa
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
Long
by louisemwesigwa