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Gbpjpyidea

GBPJPY - Buy Entry - D1 ChartGBPJPY - Buy Entry - D1 Chart Buy @ Current Market Take Profit @ TP 1 or TP 2 Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
GBP/JPY approaching historical resistance level! Will it drop?Overview - GBP/JPY is on a relentless rally since October'2020. A moderate correction took place in March this year but price has broken through the 153 level now. Most of the retail traders are selling GBP/JPY but price is in a continuous uptrend. But, it looks like the time for sellers is finally here. Analysis - As you can see from the chart, 156 level is a historical resistance for GBP/JPY. It looks unlikely that bulls will be able to take out this resistance level in the first attempt. So, this might be the much needed catalyst for the Guppy sellers. Probable trade set-up - Based on the analysis, a short entry at 156 with SL above the resistance area and first TP at 152 and final TP at 148 looks very good attractive. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
by MarcellusLUX
18
GBPJPY BULLISH TREND NEAR TO BE END.GBPJPY entered a sell zone. If the price respects the spot, then we may see an extensive sell. We have to wait to watch the lower time frame and look for a sell setup. 151.800 to 152.000 is a good area for a good sell setup. Do not consider this as a piece of financial advice—this Above chart analysis based on experience with the combination of technical and fundamental Knowledge. Please follow proper risk management parameters to trade in the market. Have a nice day. The Financial Regime
Short
by thefinancialregime
5
GBPJPY short trade ideaPlan: wait for the price to bounce off from key resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1
GBPJPY - WHERE IS IT GOING NEXT?HOW MANY LINES DO YOU DRAW ON YOUR CHART TO UNDERSTAND WHERE THE MARKET IS GOING NEXT? I am not a big fan of messy charts, full of lines, channels, Fibonacci, blablabla... The list can be really extensive. For FX:GBPJPY pair, it has been rising for the last 4 months, non-stop. We can see RSI indicating it is overbought and OBV showing divergencies vs price movements. It has also reached a strong resistance trend line, coming all the way from 2016. It has also touched a strong resistance level, which has put the price down on the last days of February. On top of that, it has reached the top of a rising channel. Which I expect to hold and drop the price to support levels. My take is that price will revisit this strong resistance level and continue its way down... Nevertheless, it needs a correction from the 4-month rise. I expect next week to form a strong red candle. WHAT IS YOUR BIAS? Please share with me below. HOPE YOU HAVE A PROFITABLE WEEK! Let's go!
Short
by Gaspar_Trader
2
GBP/JPY Wait For RetraceThe previous trade I posted on this pair went very well and hit TP. This is now at a large resistance level and has been overbought so I want to see a retrace before taking another position. RSI is showing overbought on daily and weekly timeframes. There is a chance to open a short trade but I will not be taking that trade personally as I do not like trading against the trend. This could retrace to any of the Fibonacci levels before rebounding but it is worth keeping a close eye on 0.382 Fib as this aligns perfectly with previous structure. If there is a clear reaction to that price level then that may be a good price to long from. TP can be set at the previous high of 148.296 for a safer trade, as I said this is at big resistance so setting a TP above is risky. If you are willing to take that risk the net target can be 151.666
by olly48