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Gbp-jpy

GBPJPY SHORT TO 149📉 (2,000+ PIPS OPPORTUNITY!)GJ is getting ready to take a huge dive down towards 150-148, leading into the coming summer. This is offering us a huge swing opportunity of 2,000 PIPS, for those who are patient enough to hold on long term. The 2D TF is attached below. Selling Confluences: 🚫5 Wave Impulse Move Complete. 🚫Corrective Move Yet to Follow. 🚫Buying Momentum Choppy. 🚫Buying LQ Already Taken. Drop a like/follow and let me know what you think✅
Short
by BA_Investments
9
GBPJPY Outlook 21 April 2023The GBPJPY reversed strongly from the 168.00 resistance area, with the price now having broken the support-turned-resistance level of 166.60. In addition, the price has closed below the 61.80% Fibonacci retracement level from the longer term. Further downside could be expected with the next key support level at 165.40. However, the 166.00 round number level could provide brief support for the downward move. This move to the downside is likely to be driven by both the weakness in the GBPUSD and potentially from further downside on the USDJPY.
Short
by JinDao_Tai
GBPJPY - Potential Bearish Reversal ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that GBPJPY is approaching a strong daily resistance, so we will be looking for sell setups on lower timeframes. on H1: Right Chart GBPJPY is formed a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, GBPJPY can still trade higher and even break the resistance upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
9
GBPJPY - Checkpoint Ahead ✅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPJPY has been trading in range between our blue/green support and resistance zones. Lately, from a medium-term perspective, GBPJPY has been bullish trading inside the rising broadening wedge pattern and it is currently approaching the upper red trendline. Moreover, the blue zone 169.0 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GBPJPY approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
GBPJPY: Channel Up needing a pull backThe GBPJPY pair has been trading inside a Channel Up pattern for the majority of the year and with the price now on its top, the 1D technicals are naturally bullish (RSI = 65.660, MACD = 1.070, ADX = 50.539). A Golden Cross will be formed by next week and just as the Death Cross was on a bottom on Jan 17th, the Golden Cross can be the Channel's new Higher High and start a pull back to its bottom. Sell as long as the price closes inside the Channel Up and buy near the bottom (TP = 168.000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1