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Gbpjpylong

Outlook on GBPJPY: Bearish play seenOn the daily time frame, prices are holding below a key resistance level at 168.50 where we could see a reversal below this level. On the M30 time frame, prices are showing bearish order flow with the recent break of the swing low. A pullback to test the supply zone at 167.80, in line with the 61.8% Fibonacci retracement and 61.8% Fibonacci extension could present an opportunity to play the drop from this level to the next demand zone at 166.20. Ichimoku cloud is showing signs of bearish pressure as well, in line wth our bearish bias.
Short
by Salzworth
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: Sterling pound turnaround?!!GBPJPY Intraday - We look to Buy at 161.94 (stop at 160.80) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 164.80 and 168.40 Resistance: 164.30 / 168.40 / 171.90 Support: 159.70 / 157.65 / 155.10 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 Long-term trend signal!Hi friends, I hope y'all having a profitable week ;) Today, we've got two long-term trade signals. Last week, we anticipated a medium-term trade signal but it was dis-confirmed, to triggering the current signal. This signal can also be dis-confirmed, as the market is uncertain, it needs a probabilistic view in order to engage with it flexibly. Lets take a look at how the bulls and bears might behave in triggering and dis-confirming our trades. Bulls: -The price will bullish rally for the double bottoms L1, L2, and L3 together for all the m.a's trend - probably after it has bullish broke and retested the Daily Half a Bat Neckline 4 either on the current or lower time frame (1st signal) to bullish breaking and retesting the 5th Weekly Key Lvl (2nd signal). I call these two signals a Double Bottom A-E.2 signal. Bears: -The price will dis-confirm both trades - probably after it has formed a mini bearish reversal pattern that will lead the price to bearish break and close/retest the Weekly Neckline 4 and short-term m.a's (dark blue and red). That's it. I hope you found value in this. If you have a different perspective, feel free to share it in the comments section. I'd love to know your thoughts! Stay Blessed, Doji-2K1
Long
by Doji-2k1