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Gbpjpysell

GBPJPY (M) SHORTHello, it’s been a long time hope you’re all well. Last month, we saw a lot of bullish momentum, although last week we ended the week with Bearish momentum. Whenever you are spotting divergence it takes a long time to play out, but for this month am expecting a bearish candle for overall close. We are next to a foundation level that means consolidation in the lower time frames. Additionally with market structure, I see bearish candle for the month. The market has been in an impulsive move, as you know the market moves in three ways, implies, correction, continuation. As of now, we are in the impulsive side, hoping to see some correction. Lastly there’s, candle exhaustion at the top of structure from previous Candles, indicating price exhaustion. Note: Minor structure moves move faster than major structure moves, thus you can always take advantage on lower timeframes. Make sure your confluences always line up before taking a trade.
Short
by louisemwesigwa
GBPJPY LONGS 📉📉📉Expecting bullish price action on GJ as we are in a bullish mraket strucutre from a HTF premise, price filled all the bullish imbalances on it's way and right now we should go for the bearish openede imbalances. Price rejected also an important area of a bullish orderblock on the H4 with a clear bullish candle on the H4. Market Sentiment tells us that retailers are selling this asset meaning we should look only for LONGS, yen weakness incoming. What do you think ? Comment below..
Long
by AnonimFXRO
1
GBPJPYThe British pound has rallied again against the Japanese yen, breaking through a major barrier in the form of the ¥165 level. That being said, we are overstretched, so I think this is a situation where you may look for a short-term pullback in order to get involved again. The ¥162.50 level should be supported, just as the ¥160 level will be. That being said, I do not expect that deep of a correction, but it is certainly within the realm of possibility. Keep in mind that as long as the Bank of Japan is looking to find interest rates rising, they will have to continue to keep quantitative easing in play, the main driver of this move.
Short
by SmoothJB
1
GBPJPY - WEEK 15 ANALYSESMonthly bias - short: Rejection from the monthly sell zone + liquidity run above previous high. Weekly bias - short: Previous weekly candle is filling the pin bar wick that we’ve created in week 13. This tells me that we’re almost ready to create the next move downwards. Week 15 - analyses: I expect a push up towards the 162.8 area where the .618 fib is located in the beginning of the week. Be cautious for a liquidity run above the previous wick at 162.725 (see red zone). After the move up I think that we’ll see a strong move down towards 159.9 area since we’re in a Monthly Sell Zone. The next major level of support will be at 159.9, this is where GJ maybe finds some support but since we’ve tested this area multiple times (see red arrows) It may break this level and move further towards 157.5 where we’ll find our next fresh support/buy zone.
Short
by HB-Forex_
2
GBPJPY ShortHello traders, this is my opinion on what will happen next on EURUSD . ➖➖➖➖➖➖➖➖➖➖➖➖ GBPJPY has turned reversal trend on and is about to go bearish. Best sell scenario around @ 161.300 if price goes up there. Everything is on the chart. ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position. ➖➖➖➖➖➖➖➖➖➖➖➖ My TradingView Community if you like my idea, please like and follow for support. Also if you have any opinion please write in the comments, always open to new ideas. Thanks for passing by and have a good day traders! ➖➖➖➖➖➖➖➖➖➖➖➖
Short
by pmfxtrade