GBP JPY 150 touched! - let's re-analyse
Hello traders and analysts.
150 target has been hit! Congratulations holders!
Below is our setup for the pair GBP JPY.
Zone colour Master Key:
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
Monthly imbalances -
Price has rejected the previous all time low of GBP JPY.
This zone is a powerful buying zone for positional holders like us for two reasons;
1. - Price is clearly making lower highs
2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance
Current situation - the Fibonacci sequence has completed over night in the Asian session - whereby price needed to close and reach the target of the extension using the 4 hour of the -0.786. The smaller time buy zone is now in place for possible longs so long that price creates a liquidity wick in this area. If price falls further, the daily zone comes into play.
GBP JPY weekly timeframe
Daily time frame
4 hour time frame
See the original idea for the 2021 bullish outlook here:
The imbalances are clear, price will hit our 150 analysis and then we will update the outlook accordingly.
GBP pairs currently state of play in returns percentage:
Here are the returns thus far from 2021 - 2022.
GBP JPY has appreciated the most as expected.
Fundamentals at play
With the successful Brexit transition and recovery from the Risk-off scenario from Brexit, the commodity hedge from Gold will not push higher. While the vaccination and cases remain a concern for the UKs long term success in the economy opening up, the GBP has been seen rising and looks set to continue with a target of 149 poised to be filled by the bulls. This has now taken effect, however confirmations of a daily close will highlight further bullish momentum.
The current zone in play approaching 150 is a monthly imbalance which has been previous tested as a supply imbalance. The Bulls may side-line between 147-150 in a range as GBP JPY can erase gains and equally provide gains very quickly in a trading session.
Targets:
150!
152
154
Re-buy zones:
148
147
Lows of 145.
Do you enjoy the setups?
We have 10 years combined analysis experience in world markets.
Offer our technical breakdowns here
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
Team LVPA MMXXI
150 target has been hit! Congratulations holders!
Below is our setup for the pair GBP JPY.
Zone colour Master Key:
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
Monthly imbalances -
Price has rejected the previous all time low of GBP JPY.
This zone is a powerful buying zone for positional holders like us for two reasons;
1. - Price is clearly making lower highs
2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance
Current situation - the Fibonacci sequence has completed over night in the Asian session - whereby price needed to close and reach the target of the extension using the 4 hour of the -0.786. The smaller time buy zone is now in place for possible longs so long that price creates a liquidity wick in this area. If price falls further, the daily zone comes into play.
GBP JPY weekly timeframe
Daily time frame
4 hour time frame
See the original idea for the 2021 bullish outlook here:
The imbalances are clear, price will hit our 150 analysis and then we will update the outlook accordingly.
GBP pairs currently state of play in returns percentage:
Here are the returns thus far from 2021 - 2022.
GBP JPY has appreciated the most as expected.
Fundamentals at play
With the successful Brexit transition and recovery from the Risk-off scenario from Brexit, the commodity hedge from Gold will not push higher. While the vaccination and cases remain a concern for the UKs long term success in the economy opening up, the GBP has been seen rising and looks set to continue with a target of 149 poised to be filled by the bulls. This has now taken effect, however confirmations of a daily close will highlight further bullish momentum.
The current zone in play approaching 150 is a monthly imbalance which has been previous tested as a supply imbalance. The Bulls may side-line between 147-150 in a range as GBP JPY can erase gains and equally provide gains very quickly in a trading session.
Targets:
150!
152
154
Re-buy zones:
148
147
Lows of 145.
Do you enjoy the setups?
We have 10 years combined analysis experience in world markets.
Offer our technical breakdowns here
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
Team LVPA MMXXI
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