Gbpjpyprediction
GBPJPY (1W)Currently, price is resting on a critical area where it has tested for resistance several times, and its next to a foundation level which means consolidation. More so, on minor structure fib level is at0.00% and it already hit 0.00%. TP1 and major structure its at 61.80% and 0.00%, although price broke through a minor trend-line , pushed up so i want to see that same bullish momentum. Though during the beginning of Asian session we may have some bearish momentum then continuation with bullish momentum. But wait for it to break through that resistance zone, and foundation level but expect it to move up to the 170
GBPJPY Sell Set UpThis is my chart with new zones marked up as well at the trend line touches showing lower highs! I'm looking to sell GJ based on my analysis above. HOWEVER, GJ, can very well restest the 168.3 zone. I'll react to what the market gives me but for now, I'm looking to sell the restest of the neckline in the Head and Shoulders pattern. I'll take what the market gives :).
GBPJPY (240) BREAK AND RETEST.hello, currently looking for a break and retest of that minor trendline price is currently near at. More so, its near a resistance zone which has been tested previously, before. Thus this is a critical area, more so its near 61.80% which stands for reversal. Although most times when price is around an are with zones, trendlines etc, it tends to consolidate before making a big push.
Overall i want to see price break that minor trendline retest it again or a zone before the big push.
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GBPJPY and EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY(15)Hello, currently I want to see GJ keep pushing to the upside once you see a pair having a strong push up it’s really hard for it to break momentum as it’s strongly bullish, I want to see it break the 169, 170 mark. But for now let’s watch it move it to TP2 , TP3. -27.00% TP2 and -61.80% TP3. As it already hit TP1 0.00%
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GBPJPY(15)hello, today GJ has followed through with bullish momentum although there has been high volatility today due the public holiday, currently am looking for GJ to hit TP2 at -27.00%fib structure level as first TP 1 has already been hit. Have all your confluences lining up before taking in a trade.
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800+ PIPS TP hit in GBP/JPY, how to trade it now?Dear traders, if you have been following my updates you already know that we have been
selling GBP/JPY since the price hit 168.40 and we have secured 800 pips profit when price dropped to 160.
Since then, GBP/JPY has retraced quite strongly after hitting the 100-day EMA at 160.
Currently, GBP/JPY is in a tricky area and it is a little difficult to anticipate the next move.
That being said, 166 is a minor resistance level and I might try a small sell only if bearish price
action happens at 166.
GBPJPY Trade Idea - SELL SetupGBPJPY is already in the highest price in the last few years. we can go for SELL as we can see its already in way to make Cypher pattern. We can expect around 300 pips fall down from the current price of 168.30.
Signals:
GBPJPY
SELL STOP 167.85
SL 169.00
TP 164.07
Those who want to hold for long and likes swing trade, Put TP 161.00
Watch out for a double top! Potential sell trade in GBP/JPYDear traders, in the 4hour chart of GBP/JPY, you can see that a few bearish candlesticks have formed in the
resistance level. This could be a potential double top from where price can decline.
GBP/JPY is also over extended from it moving averages in all the major time frames which means that a correction
could be well on the way.
If price is unable to break the resistance level, I recommend traders to sell GBP/JPY@168.10-168.60
with SL above 169 and TP at 163.
GBPJPYHello, last week GJ had a big bullish movement but dropped beautifully at the end of last week with bearish momentum as on the weekly we were on a critical area next to major trend lines, zones, weekly foundation levels. Currently we have hit our 61.80% , am expecting it to move upwards with small bullish momentum hit that minor trendline(Yellow) continue with its bearish momentum
300 Pips profit hit in GBP/JPY, more drop ahead?Dear traders, in my previous GBP/JPY idea I gave you a signal to sell GBP/JPY above
168.10. ( previous idea link pasted below for reference). If you followed my signal,
you have already made 300 pips profit.
Currently, the price action is still bearish and I recommend traders to sell the rallies. Wait for some pullback in lower
time frame and if you see rejection candles, then sell it.
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY (30)Hello, today earlier in the Asian session TP2 was hit on our fib level -27.00% and currently, we are sited on zone that has been tested as resistance and support in the past as this is a strong area, so there might be a break and retest of that zone before pushing to -61.80% and perfect for an entry. more so we are inthe process of moving to our last TP before we go in for a reversal, as when price hits -61.80% we tend to have reversals, although other confluences can support your judgement before executing such as trend lines, divergence, Break and retest and my absolute favorite market structure.
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