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Gbpjpyoutlook

GBPJPY AnalysisLooking at the weekly timeframe, GJ has been in a flag correction since the beginning of May, following a very strong impulse from mid March this year. Price has given us 3 touches on our resistance trendline confirm that price is respecting it. price has since fallen off this 3rd touch (as seen on the chart above). We were in a correction phase until price broke out with great momentum (represented by the length of the candles on H1) but was also quick to reverse back into the correction pattern. However, on the H4, its not really final as to what price wants to do. Im waiting for either a daily candle close or H4 close to support my bias. Overall I am anticipating a fall in GJ. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Short
by Magna_Riqueza_Divina
Trading Pathways Analysis of GBPJPY H4 Chart The outlined white arrow pathway is the predicted pathway that the GBPJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPJPY will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways
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 Setup: Buy Or Sell Are Both Equally PossibleHi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support. I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP so please be careful as it will give an impact to GBPJPY. TAYOR and all the best traders! KHALID HAMID
by tfspriceaction
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
Buying GBPJPY on Dips: BIG 500 PIP Target at 149-150.We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected. GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally. From the chart, I would like to point out 3 things: (To receive signals, ideas and updates, don't forget to check my signature at the bottom of this idea) 1) Price is above the 100D EMA, which clearly indicates that the BIGGER TREND is BULLISH. 2) We have a very strong support zone at 143.80-144.20. 3) Price recently broke out of the TRIANGULAR FORMATION. Now, it's retesting the triangle. Even if GJ goes back into the triangle there's plenty of support. So, in view of the above, I believe "BUY ON DIPS" is the right strategy. Scenario 1: Traders can go long when price touches the 100D EMA at 144.80. TPs can be set at 145.70 and 146.50 respectively. To keep risk low, use small SL at 144.45 Scenario 2: If 144.80 doesn't hold, traders can go long at the support zone at 143.80-144.20. TPs can be set at 144.20, 145.50 and 147 respectively. SL should be placed below 143.50 If you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback as well.
Long
by TraderAvDM