GBPJPY Will Keep Falling! GBP-JPY was trading in an uptrend
But then we saw a bearish breakout
Of the rising support
I think it will re-test the growing rising support
then Will fall even further down
Towards the target below
Gbpjpysell
🔴 GBPJPY - 4H (09.11.2022)🔴 GBPJPY
TF: 4H
Side: Short
SL: ¥169.434
Entry: ¥167.844
TP 1: ¥166.740
TP 2: ¥165.075
GBP is losing strength so it's time to start selling it.
GBPJPY short entryAt the moment i am just watching to see if it can hit 167.028 before i short with a tight sl then 164.717 will be my first tp and my 2nd tp will be 161.058 but tp probably wont hit till next week so that might be a swing if it break below 164.717
GBPJPY is ready to go shortAfter a clear break of the support, we have a new target. The GBPJPY is therefore about to reach the 161.628 level.
GBPJPY Next Possible Move#GBPJPY ( British Pound / Japanese Yen )
- Following Strongly the Trend of BEARISH TRENDLINE and Rejection from it
- Rejecting from the DEMAND ZONE
- Support Level Reacting as the RESISTANCE LEVEL
- Selling Divergence
- Expanding Diagonal as a Corrective Pattern in Short Time Frame #STF
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
GBP retrace for another sellIf you look at the weekly there is a bearish engulfing candle once it come back to retest the .235 ill be in a short because if you pay attention to how i trade these levels are the best entries and exits
But we can keep chopping under the .236 till weekly closes then next week itll hit if it does chop
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Possible Long swing/Short swingat the moment i am waiting for a entry to long gbpjpy to 169.288 (.236 lvl) and that will be my first tp
my entry i would need the hourly to close above 168.113 then i think it can run back up to 169.288 if a 15 - 30 min candle does not close above then i will short but reall i want it to break over and run all the way up to 169.895 - 170.037 as my short entry the rest for that is its my 10% zone (rejection zone) and it'll form a head and shoulders so its the safest entry and the r/r is alot better and my tp will be 168.113 short
Long entry : Hourly close and stays above 168.113
TP 1: 169.288
TP2 : 169.895 - 170.037
Short entry:
Entry 1: 169.288
TP 1: 168.113
Tp 2: 163.390 (swing)
Entry 2 : 170.037 - 169.895
TP 1: 169.288
TP 2: 168.113
TP 3: 163.390 (swing)
GBPJPY Breakout Short!GBP-JPY was trading along the rising support
But broke the rising support so I am locally bearish
And I think that the pair will go down
🔴 GBPJPY - 12H (20.10.2022)🔴 GBPJPY
TF: 12H
Side: Short
SL: ¥170.095
TP 1: ¥165.030
TP 2: ¥161.896
TP 3: ¥1159.364
This pair is at a strong resistance and looking overbought.
I think it will go down to around ¥160ish and then bounce up from there.
GBPJPY SHORT TRADE IF 167.8 HOLDS RESISTANCE!!Looking for a short to start the week if we see further rejection from around the 167.8 resistance.. very early in the week with London session still to come, we may create some momentum from there so no rushing into any trades... 166 immediate target with eyes on 160 if that can break...
GBPJPY EXPECT TO SEE A REACTION TO 168 LEVEL!Price made the move I was expecting just never gave me a clear sign to enter after been stopped at breakeven the first time. We are running into a huge area of resistance now at 168.000 so I expect to see price slow down from here, so ill be hunting some short once again if we see the right formations from there.
GBPJPY SHORT WITH 2 CONFLUCENCES List of confluences:
1: Trendline Breakout
2:Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 2 reasons as to why we will be looking to short/ sell the pair. The trendline breakout on the daily chart signals the end of a bear market rally. This is followed by the breakout of a key level
which has been holding for about 3 months since June 2022. With that being said we might see an aggressive sell of GBPJPY.
GBPJPY sell scalp idealooking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down.
We will see what price does and manage risk based on that.
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Wed 12th October 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 shortBearish daily bias. Entered after price ran up to take out buy stops and rejecting a key level. Entry based on 2 minute price action.
GBPJPY shortOverall I'm bullish on the day, but this was an opportunity to take a short for this pullback to the daily support and demand zone.
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
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!
