Gbpjpyprediction
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY Looking for a pullback in to the order block zone and I will be waiting for a selling confirmation before taking a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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156 level very important for the GBPJPYThe 156 level is extremely important for the pound yen, if price breaks above it and finds support, we will be expecting price to retest the top of the consolidation channel at 160. Otherwise, we can expect to see price retest the bottom of the channel at 149. We are neutral on this pair.
USDt update todayThe exchange said that the new margin trading service aims to improve its stablecoin offerings to enable it to remain consistent with user demand and market evolution. The new service would, therefore, enable Bitfinex investors to conduct leveraged trades for the trading pairs. This means that customers will be able to borrow money from the platform to exchange USDt and EURt, GBP and USDt, GBP and EURt, and JPY and USDt.
Bitfinex mentioned that the addition of the new trading pairs is in line with its stated commitment to providing a ‘coin agnostic platform’.
No men's land for the GBPJPY. The GBPJPY has been trading in a giant consolidation range and has been on a uptrend in this range since December 2021. Are we going to see continued upside or is price going to break down from here? It is unclear just by looking at the charts, in the short term, these levels looks good for a long but control your risk to a bare minimum. We are pretty neutral on this pair for this month.
GBPJPY: Sell Artwork 🧑🎨Look at how beautiful this setup is.
With the news volatility coming we may be able to get price into the supply/imbalance followed by rejection to the downside.
I will set an alert and monitor price shortly, if price surpasses the invalidation line, I have no interest in this setup.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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GBPJPY chopping its way up!THe GBPJPY give up the gains it made in one fell swoop on the last day of the trading week. We expect to see price recover from here in choppy fashion to complete a wave 5 impulse before a macro trend reversal for the pair. This level is great for a buy if you can get in at market open next week, otherwise wait for the choppy range to form and a break out of the range to get in. Our upside target is around 170.