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Gbpjpyforecast

800+ PIPS TP hit in GBP/JPY, how to trade it now?Dear traders, if you have been following my updates you already know that we have been selling GBP/JPY since the price hit 168.40 and we have secured 800 pips profit when price dropped to 160. Since then, GBP/JPY has retraced quite strongly after hitting the 100-day EMA at 160. Currently, GBP/JPY is in a tricky area and it is a little difficult to anticipate the next move. That being said, 166 is a minor resistance level and I might try a small sell only if bearish price action happens at 166.
by KaltoireCapital
6
Watch out for a double top! Potential sell trade in GBP/JPYDear traders, in the 4hour chart of GBP/JPY, you can see that a few bearish candlesticks have formed in the resistance level. This could be a potential double top from where price can decline. GBP/JPY is also over extended from it moving averages in all the major time frames which means that a correction could be well on the way. If price is unable to break the resistance level, I recommend traders to sell GBP/JPY@168.10-168.60 with SL above 169 and TP at 163.
Short
by KaltoireCapital
11
GBPJPY (30)Hello, today earlier in the Asian session TP2 was hit on our fib level -27.00% and currently, we are sited on zone that has been tested as resistance and support in the past as this is a strong area, so there might be a break and retest of that zone before pushing to -61.80% and perfect for an entry. more so we are inthe process of moving to our last TP before we go in for a reversal, as when price hits -61.80% we tend to have reversals, although other confluences can support your judgement before executing such as trend lines, divergence, Break and retest and my absolute favorite market structure. Jesus loves you❤️
by louisemwesigwa
GBPJPY - Dipping for good risk/reward?GBPJPY Intraday - We look to Buy at 161.85 (stop at 160.75) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips. Our profit targets will be 165.00 and 168.40 Resistance: 164.30 / 168.40 / 175.00 Support: 159.70 / 155.10 / 151.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
GBPJPY (1W)Hello, for this week I want to see the market open with a small bullish momentum, although it’s at a critical area, next to weekly foundation level and near a trendline and zone. So am expecting a retest if the trend line before pushing further to the upside, more so its near the 61.80% fib level which is for reversal but if it passes that level and doesn’t reject it, look for it carry to -61.80% thus this is a very critical area, lastly I have spotted some form of divergence, although divergence on larger timeframes tend to take sometime to form. So it’s best to wait for proper break retest of the minor up trend line, as proper confluences should be used before entering the trade. Jesus loves you.
by louisemwesigwa