GBPJPY Sell opportunity we are looking bearish confirmation on gbpjpy on mentioned area
than we go short on gbpjpy with proper money management
patience is the key
Gbpjpysell
GBPJPY Downtrend Continues! GBP-JPY is trading in a falling channel
And as the pair is in the downtrend
I think that after the pair retests
The falling resistance and
horizontal resistance at 163.656
The move down will continue
GJ at an important level!I've been watching this level for some time now. We've been consolidating for some time now but I feel like this coming week is the week for the downtrend to start. We should get price flowing downwards now targeting the relative equal lows. Feel free to follow me and reach out!
GBPJPY Local Short!GBP-JPY is going up now
But the pair has hit a horizontal resistance
Level at 165.837 and despite the fact that I am bullish biased
We all see that the pair is overbought locally
Thus a correction from the level is a likely scenario
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.
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Thur 15th September 2022 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPJPY Daily OutlookGBPJPY pared most of its gains made yesterday on Pound sterling weakness.
GBP surged above the 1.15000 level after UK CPI data. It jumped to 6.3% on a yearly basis from 6.2% earlier.
GBPJPY READY FOR THE PULLBACK!Still eyeing off some shorts on GBPJPY, my last area didn't show and resistance so now looking for price to make a move down after slowing down at this consolidation zone, my best area for entry would be another rejection from the top of this zone. Be aware that price is still bullish short term.. So if I take a position I will be aggressive with moving stops to break even.
GBPJPY Bullish but soon pullback GBPJPY surged sharply on the bullish pound sterling.
holding above short-term 21-EMA,
RSI Testing 70 level if break more up
but scope pullback at 70
GBPJPY CLOSE TO SELL ZONE GBPJPY as I explained last update I wanted to see make a pullback from this zone and that's exactly what we got. Now we need to be patient and wait for confirmation on a right shoulder or another rejection from sell zone to take entry's.
GBPJPY SHORTS WAITING FOR CONFIRMATION!Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
GBPJPY SHORT TRADE IDEA!!!We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
GBPJPY - H4 - DECENT SELL OFF COMING GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
GBPJPY Breakout Both Cloud and TriangleGBPJPY surged drastically and hits a 4-week high on a weak yen.
Technically in the 4- hour chart, the pair is holding above short-term 21-EMA, 55 EMA,
GBPJPY Wait For Breakout! GBP-JPY is trading in a downtrend
In a narrowing bearish pennant pattern
So IF we see a bearish breakout
Then we will be able to go short
With the confirmation
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.
Press the like button if you enjoy this content 😊
GBPJPY Re-Testing Triangle BaseGBPJPY consolidating in a narrow range between 163.56 and 160.80
If break down triangle further down trend
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 Resistance Cluster! GBP-JPY is trading in a downtrend
And the price is about to retest a resistance cluster
Of the falling resistance and 162
That of a bearish flag pattern
So after the retest we will see a move down
GBPJPY trade idea (THU - 18/08) : SELLThis idea has been revised.
GJ at broken down a number of times after having come off the Point of interest.
I am personally late into this trade but it can still be taken with good profits (RR: 5.39)
I mapped out an ideal second entry and exit strategy, in case the second order blocks should fail to be respected.
Enter at your own discretion.
GBPJPY edges above 21-EMA GBPJPY gained sharply above It has shown a minor decline despite upbeat UK CPI.
the pair is holding above short-term 21-EMA, 55 EMA, and long-term 200 EMA (162.13).
GBPJPY 200-EMA SupportGBPJPY pared most of its gains on the strong yen.
Technically in the daily chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 EMA (159.45).
GBPJPY ForecastMidterm forecast:
While the price is above the below 162.124 , beginning of down trend is expected.
If Monday long bearish candle appears then most likely our next target will be around 159.60.
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