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Gbp-jpy

GBPJPY potential for pullback! | 22nd March 2022Prices are at a pivot and a daily swing high resistance. We see the potential for a pullback at our sell entry at 158.056 which is an area of Fibonacci confluences towards our Take Profit at 156.476 in line with 23.6% Fibonacci retracement. RSI is showing bearish divergence, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPJPY Trading planThe pair has been trading within a Channel Up since early 2021. However as earlier in the pattern, it has been inside a corrective channel since the February 10 High. The recent geopolitical developments though in Ukraine have caused a massive rally in the past week and is close to breaking to the upside. If it does, we expect a new Higher High at 159.000. If it gets rejected at the top of the corrective channel, then we could see a new low within 151.000 - 150.000, before it recovers again. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
GBPJPY Buy a Break Setup.GBPJPY - Intraday - We look to Buy a break of 152.31 (stop at 151.96) The medium term bias remains bullish. We are trading at oversold extremes. We look for a temporary move higher. 20 4hour EMA is at 153.22. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 153.24 and 153.44 Resistance: 152.30 / 152.70 / 153.00 Support: 151.80 / 151.50 / 151.00
Long
by Signal_Centre1
GBPJPY Daily Time Frame AnalysisHello Traders, Price on GBPJPY Daily Timeframe is approaching an important Resistance area to continue to sell trend. Our intention is to continue selling GBPJPY using Lower Timeframes. If all our entry rules are met we will be taking a SELL Entry from 1H/15 Min timeframe. BIAS: SELL (If our entry rules are met) Timeframes for high precision entry: 15 Follow for Free Entry Signals on this trade and others from Professional Traders. IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
Short
by AssociatedMarkets