Get started

Gbpjpyidea

FOLLOW ME: GBP/JPY SHORT OpportunityGBP/JPY is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED - Monthly ORANGE - Weeky GREEN - Daily AQUA BLUE - 4H PINK - 1H LIGHT BLUE - 15M PURPLE - 5M Feel free to leave your thoughts in the comments below! Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up! After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Short
by Jabest
GBPJPY SHORT like my last Post 1 HR Chart#GBPJPY #USDJPY #EURJPY Hello to all watching my charts This pair is still sooo short ; exact like my last post from a fey days ago ,as the short brake has startet. I will show you here that really all ! timeframes are short which is little bit rare. My longtime channel (BLUE LINES , as you know...) short since 26.7. My middletime channel (RED LINES) also short and the pair has made a breakout low here right today My shorttime channelsystem (Purple lines, as you know) is the stronges short and its still not enough !! The pair right know fall down below these channel also. What a short party... For the opposite: We do need a jump above the black line ( 133.30 ca) to have a long chance. But that is far far away at the moment.. Good trades If you want to support my work and my charts, please lke them.. Renkotrade
Short
by Renkotrade
GBPJPY 38.2% FIB retracement could lead to a 135.00 target On our last GBPJPY analysis we awaited a retracement move to the (140.00) monthly support area which stopped short at around at around our daily resistance (138.700). Reason for that is because priced retraced to 78.6% FIB level on our H4 chart and formed a bearish reversal pattern. Fast forward to now we can take advantage on yet another retracement by placing our FIB tool on starting from point A (138.125) to point B (136.030) to noticing that price has currently retraced to 38.2% level with wicks touching the 50% with a bearish spinning top from yesterday trading day. The H4 timeframe is showing us the breach of our (136.00) H4 support zone. A break a retest of this zone will further confirm the downward momentum. As of now price has dropped to (136.000) slightly engulfing past 4 day of price action. We are expecting a close of the daily candle around that price and the moving averages to confirm sellers momentum. Our first target (135.450) with our second one below our weekly mid-range support at (134.700).
Short
by NextPDT