Gbpjpy_outlook
GBPJPY - FALL COMINGPrice was rejected off of support and is now reaching resistance, Once price breaks out we will sell to the target area
KEEP IT SIMPLE
London Daybreak Trade Idea GBPJPYBUYSTOP
Entry - 135.108
S/L - 134.867
T/P - 135.608
SELLSTOP
Entry - 134.867
S/L - 135.049
T/P - 134.308
GBP/JPY, possible short term Sell by market.GBP/JPY is currently jumping around resistance area with not clearly breaking it. I am looking for a positive candle to be printed under the key level and then I would enter the market by accurate instant sell order.
600 PIPS!! Wait for break outPrice is currently in a rectangle pattern but showing a bullish candle on the weekly - wait for breakout and buy to the green area
GBPJPY THIS WEEK ANALYSIS ..In this analysis we are clearly mentioned that there are two possible trends of gbpjpy in this week buy or sell.as we plotted read zone area where we do not put any entry until its break this red zone area.
GBPJPY consolidationPrice is consolidating right now.
No trade in this zone.
Wait for the safe trades out side the consolidation zone.
Good Luck!
GBPJPY Buy trade NowFollow me on tradingview
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GBPJPY bounced from support, potential for a further rise!
GBPJPY bounced off 135.753 where it could potentially rise further to 139.382.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BRITISH POUND/JAPANESE YEN GBPJPY SHORT30 minute structure broken.Wait for a potential retest and short the pair To the daily support level 136.00. FX:GBPJPY
* WEEKLY TREND =UP
*DAILY TREND = UP
*H4 TREND = UP
30 MINS TREND = DOWN(can ride the trend down to the H4 or Daily Key levels for short profits
GBPJPY approaching intermediate resistance,potential reversal!
GBPJPY is approaching its intermediate resistance at 139.382 where it is could reverse down to its support at 135.753.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPYTime = 1H
– Structure = Uptrend
– Pattern = Elliot wave
– Tendency = Downtrend
Time = D
– Structure = Downtrend
– Pattern = Fibb Retracement
– Tendency = Downtrend
*** Price tested & Couldn't fully breakout 0.618 Fib Resistance.
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION!
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
GBPJPY coming up tradeDo like and follow and if you have any problem in trading send a direct message
GBPJPYTime = 4H
– Structure = Uptrend
– Pattern = Head & Shoulders
– Tendency = Uptrend
GOOD LUCK
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DISCLAIMER: This is NOT an Investment Signal, Trade at your Own Risk.
GBPJPY bounced from support, potential for a further rise!
GBPJPY bounced off 132.320 where it could potentially rise further to 133.189.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY potential bounce!
GBPJPY expected to reverse up to 1st support at 131.744 where it could potentially react and bounce to its resistance at 1st resistance at 133.189.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY Market Structure Analysis
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GBPJPY LONGSWITH our winning streak and 1000 pips plus a little cherry on top by buying GBPJPY for 250 pips1
GBPJPY potential long ideaThe GBP were under pressure since the begining of May and we have witnessed some singinficant downtrend. The price action is at a major level and created a new lower low but within that downside channel which this pair has been respecting for a while now. Price action has touched and bounced from the trend line. I'm expecting a few more touches on that line followed by a bullish candle so that we can go long from here and target the upper band. On the 4h chart we can see clear bullish divergence which is a plus. That ticks alomst every box and just to be sure we need a few touch followed a bullish engulfing candle (It can be on 1h or 4h) before going long on this.
Pure rule based trade hence there should not be any trade should it not meet the criteria. I'm bearish on this pair for long term but we can have short term long on this pair for now.
I have marked the tp and sl for you as well.
Please let me know your thoughts.
Trade safe and good luck.
