Gbpjpyidea
GBPJPY CLOSE TO THE RESISTANCE.ENG:
- Price close to our resistance zone/higher high, we will be looking for a long and a short setup, depending on how price behaves to that same zone.
PT:
- Preço próximo da nossa zona de resistência/higher high, iremos procurar por tanto um setup de compra como de venda.
GBPJPY, MIGHT SHORT LATER.**ENG**
- Price moving very impulsively towards our higher high/possible reversal zone.
- We can see that price is reaching overbought levels.
- Looking for shorts at the red circle.
- Only looking for longs if price breaks this zone impulsively.
**PT**
- Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão.
- Podemos também averiguar que estamos a atingir níveis de sobrecompra.
- Procurar por entradas em short na zona do circulo vermelho.
- Apenas procuramos por longs em caso de uma quebra impulsiva desta zona.
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 138.08. The pair may start a new down trend if it breaks the support level at 136.45. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 134.22 and second target price will be at 132.16.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
GBP/JPY Direction?Good day, snipers. Here in GBP/JPY, I will first see how price reacts this London Session. If I see a rejection candle of the support level, I will go long and send the entry to my students. If it breaks, I will wait for that retest before going short. Updates sent to personal students.
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GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 135.99. The pair started a new up trend after breaking the resistance level at 134.76. Previously, the pair was consolidating in the resistance and support wedges. The pair has already started a new up trend by breaking the resistance level and touched all its targets. Its first target price was at 135.76 and the second target price was at 136.38.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
GBPJPY TRADE IDEAGBPJPY - We have a downtrend closing in on the support level. Will be waiting for a break or a bounce from the trendline resistance here. If it is a break and retest I would go Long, I would have 3 TP's: 48 pips, 75 pips & 114 pips and SL would be 20 pips. Small SL because I don't really want to stay in the trade if it goes back into the wedge.