GBPJPYHello traders. With the price reaching the level of 50% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
Gbpjpybuy
GBPJPY-BUY strategyFor those willing to adventure, I feel we may have a good buy strategy now, bearing in mind we are in an overall down trend of the pair.
The current cloud support 153.60 acts as our stop-loss area (below that of course), and the stochastic seems positive now, and may ignite a pullback. Again it is a slight adventure, because we don't have full confirmations, but I feel we may risk a small loss for a profit target of 155.27.
GBPJPYHello traders. Due to the failure of the trend line, the price is expected to decrease by 80 pips in the first target and 130 pips in the second target. Be profitable
GbpJpy- Strongly bullish structure for 3k pips gainOn Friday I called for a break of support and, in the end, this break proved to be a false one and I closed my sell trade on break even.
As always, when I'm in doubt, I look at the longer TF, and here things are pretty clear, with GbpJpy in a visible uptrend since March 2020.
Also, the 2020 "pandemic low" and 2016 low have formed a nice double bottom on our weekly chart (very clear in monthly also).
At this moment the pair is consolidating exactly in the neckline resistance and considering the 6 months of consolidation the break should be very violent.
If this break will happen to the upside the next target is around 180 and the measured target of the double bottom is near 200, level confluent with a previous high.
Note: This is a very long-term outlook so don't expect 180 in 2-3 weeks
GBPJPY 3D Analysis 03/03/2021the price has broken the Top Boundary of the Ascending Channel and can continue its rally up to the provided TPs
as we can see the price has confirmed its rally by touching Fibonacci projection extension level 161.8% so we can target the 261.8% of the same Fibonacci projection level
GBPJPYPrice is bullish..waiting for small retracement on lower TF before we climb up..trade saafe and be Blessed..
GBPJPY buy trade updates!Hopefully a few of you buys jumped on this one but I've been in holiday mode so have been missing all the action. Ill be now waiting for a retracement then marking on some levels for further buy trades.
GBPJPY long term buy trades!Once again looking for longs out of the support of 149.500, Ill be very patient as price starts to slow down for Christmas but I am really interested on some more long term buys start of January.
GBPJPY buy UPDATESPrice starting to make nice moves to the upside finally, I will be taking profit very soon probably around 152.000 and hold the rest at risk free.
GBPJPY long trade UPDATES!Still holding my position with stops at entry point, price has now started to break higher some I'm looking to see if we can get an upside trend so small pull back and a further continuation to the upside.
Bat Complete, Expecting Bullish PushGBPJPY - Expecting a bullish push to build liquidity before price potentially breaks the strong demand zone at the WL
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
GBP/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY has been going sideways now since 30th November it is showing us combustion and is ready to explode out of order block
when this meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
GBPJPY long trades taken!After price pushes back into support and slowing down on the lower time fames its looking to good not to take a trade, so I'm looking at price pushing back towards that 150.800 area atlest and possibly higher.
GBPJPY best buy area!After letting this do its thing around that support it is shaping very nice and gearing up to make a upside push, so this is another pair that ill be keeping my eyes on early in the week, buy area still stands around 149.500 - 149.700 so I be looking for wicks around that area for a quick move back up.
GBPJPY short term bottom is in. More upsideThe pound yen is forming a wave 4 correction and I think the bottom may be in for this move upwards. However wave 4 correction can be messy so please control your risk in your trade. The stop loss at 149 looks like a safe one and we are targeting 152.5 for an exit.
GBPJPY and USDJPY updates!Both these positions closed at break even now. We got a nice move up last night but couldn't continue that so either we will see more sideways consolidation or price just to push to the downside.
GBPJPY LONG TRADE IDEA!I have entered long trades on gbpjpy as its back into that buy area for me, stops will be moved if we can make a quick upside push.
GBPJPY / LONG IDEAPrice has broken structure and is currently retesting the area before a pullback or the start of a long swing trade
GBPJPY BUY AREA!Waiting for price to come back and reject my buy area of 149.700 for the confirmation to take longs! Price making some nice moves early this week so we could be in for a big one! But as always make sure you have the risk capped and you are sticking to your trading plan.
GbpJpy is in strong support zoneSince 158 recent top, GbpJpy fell like a stone around 1k pips in a very short period of time.
At this moment the pair is trading exactly in support, a zone that acted as resistance in 2018 and 2019.
I expect a correction from this zone and 152.50 could be the buyer's target.
A clear drop under support would negate my outlook and could lead to continuation to the downside
If you decide to trade this pair you should be careful with SL
GbpJpy can rebound to 152.50 resistanceIn the past 6 weeks, GbpJpy fell hard, from a top around 158 to a low just under 150.
At this moment the pair is trading in a strong support zone and a rebound is probable
Buy dips under 150 can be a good strategy for a rise to 152.50 resistance and a risk:reward ratio of 1:3
GBPJPY - Long - Strong BUY Profitable Trade - not to missGBPJPY - Long - Strong BUY Profitable Trade
Looks good trade.
Lets monitor
Use Proper risk management.
Disclaimer: only idea, not advice.
