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Gbpjpysell

GBPJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, GBPJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 150.800 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPJPY - WHERE IS IT GOING NEXT?HOW MANY LINES DO YOU DRAW ON YOUR CHART TO UNDERSTAND WHERE THE MARKET IS GOING NEXT? I am not a big fan of messy charts, full of lines, channels, Fibonacci, blablabla... The list can be really extensive. For FX:GBPJPY pair, it has been rising for the last 4 months, non-stop. We can see RSI indicating it is overbought and OBV showing divergencies vs price movements. It has also reached a strong resistance trend line, coming all the way from 2016. It has also touched a strong resistance level, which has put the price down on the last days of February. On top of that, it has reached the top of a rising channel. Which I expect to hold and drop the price to support levels. My take is that price will revisit this strong resistance level and continue its way down... Nevertheless, it needs a correction from the 4-month rise. I expect next week to form a strong red candle. WHAT IS YOUR BIAS? Please share with me below. HOPE YOU HAVE A PROFITABLE WEEK! Let's go!
Short
by Gaspar_Trader
2
GBPJPY: The Start of a 500 Pip Rally?GJ In fact, last week closed above a key trend line near 142.50, and this week’s action is a continuation of that breakout. The monthly chart above shows a triangle/wedge pattern within a larger structure that dates back to 2007. Notice how GBPJPY is starting to break out from the smaller pattern. If the larger structure from 2007 remains intact, and I think it will, it means GBPJPY could be north of 150.00 later this year. Depending on how quickly this rally plays out, the 2007 trend line comes in between 150.00 and 155.00. That’s 600 – 1,100 pips from today’s price, so this is one to watch. However, there will be other resistance areas on the way up. One such area is 148.00. You can see from the chart below how 148.00 has been critical for years. It was even a key pivot in 2013. As long as this week’s low at 142.80 is intact, I like GBPJPY higher toward 148.00, followed by the 2017 trend line above 150.00.
Long
by EagleForexTrade
GBPJPY Short (Sell) Trade Daily SetupSimilar to GBPUSD, this pair is making it's way closer to a strong sell zone. In fact, there are two sell zones in close proximity. On lower time frames (2H + 4H) we can see price has been slowing down, accumulating buy orders and pushing up towards these key levels. From the two supply zones, the lower one is weaker and both are untested. Keep an eye on price action on lower time frames for any indications of a potential change in trend. We may not drop, we could fall into a range first, in which case, I will update with further charts.
Short
by AEFX786
1
GBPJPY-- Lets Watch Sell Entry <<Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by Rapid-Trading-LTD