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Gbpjpysell

GBP/JPY - bearish flag pattern forming before next push down!GBP/JPY price action on the 4H timeframe has formed a very convincing bearish flag. Price has been trading between 136.4 and 135.4 since the bearish impulse from last week. We are anticipating that this is a current zone of consolidation before the next bearish impulse to the downside. Once we get a break and close below structure at approx. 135.3 (or lower) we will be looking to enter short. First target after entry would be 134.4 and then 132.3. If price closes above the range at 136.4 this analysis would be invalid. Happy trading guys 🙌! Lets make it a great end to the week.
Short
by TheForexFellows
GBP/JPY - break out from daily sloping support!GBP pairs have taken a real hammering this week, and GBP/JPY is no exception! Price yesterday broke outside daily sloping support which has been intact since the lows from March. It has since bounced from the support zone circling 135.35 and is currently on a pullback leg of its move. We believe that this is looking like a great opportunity to sell the currency pair. Price could now pullback to retest the sloping daily support turned resistance before continuing it's journey downwards or it may even turn quicker at the resistance of 136.39 which it currently finds itself at. If price breaks and holds above the sloping daily support turned resistance line, this analysis would be invalidated.
Short
by TheForexFellows
GBPJPY is heading towards South and approaching August low levelGBPJPY The price has reached the 142.720 which is low volume area there the price for rejected and resume the downtrend. At 142.00 major psychological level the bullish reversal also got rejected and head and shoulder patter has formed. Left shoulder is a August high price-141.616 and the head is a the September high- 142.706. And the price also bole the 141.00 level and 50% Fibonacci retracement level. On September 3rd the bullish trend line was clearly broken and series of lower low and lower high was forming which is signaling further downside fall. Minor H&S pattern is also formed near 141.00 level. Currently the price is trading near 140 which is a major psychological level an qc 61.8% Fibonacci level. Golden cross of 50,200 and 50,100 exponential moving average has happened. And the price is trading below the above mentioned moving averages. RSI is showing the downward growth and it’s felled below 50. In one hour timeframe the stochastic is going to drop as it’s approaching 80 level. On Elliott wave analysis the 5th wave is forming. If the price broke above the 140.00 we can short this pair a 140.500 level which is a 61.8% retracement of wave 03. Potential take profit will be around 138.00 level. Brexit and political developments is Japan make this pair as more volatile. BOE will make a dovish stance and a loose monetary policy as counterpart Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit
GBPJPY, 1hr tf, shoulders head pattern to materializedHello my friends, Today i am trading GBPJPY as there is a very interesting setup on 1hr timerame. First we go a shoulders head pattern which got it neckilne broken twice. The first time price broken below neckline, it bounce from it for 80 pips. This time price broke below the neckline for the 2nd time and only bounce for 50 pips. This kind of movement shows that buyers are losing to sellers and now we could see price going down again. We also got confirmation as price is now below the kumo on 1hr tf and parabolic SAR is above the price. Sell GBPJPY 141.15 Stop loss 141.60 Take profit 1 @140.60 Take profit 2 @140.05 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBP/JPY - market providing opportunity to sell? Or bear trap?GBP/JPY has been pushing higher since the start of July. Last week price ran into a weekly descending resistance zone, where bullish momentum faltered and even reversed during trading on Friday. The first day of the trading week, yesterday, was also a bearish day, which we are interpreting that bears have entered the market. As price is pushing higher again in the early hours of the trading today, the market may be providing another chance to enter the market short. If bearish momentum continues on the lower time frames later in the day we will be looking for a short entry. This bearish sentiment may only be enough to push the price back to daily ascending trend line support and the support of the 50 and 100 DAY moving averages so take profits will likely be at approx. 137.4. This analysis will be invalidated if the price holds and closes above the weekly resistance zone and the last higher high.
Short
by TheForexFellows
2
GBP/JPY SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! GBP/JPY: Daytrade-Preparation Market-Sell-Order: 138,560 Stop-Loss: 139,150 Target 1: 138,090 Target 2: 137,600 Target 3: 137,220 Stop-Loss: 59 pips Risk: 0,5 % - 1% Risk-Reward: 2,30 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
GBPJPY, 4hr timeframe, price back into zone after false breakHello my friends, I previosly posted about the chance of GBPJPY making a broadening wedge pattern. Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well. I am closing my previous buy and cut my losses at138.90 for -20 pips. At the same time i switched into sell position because the last 4hr candle close also support further downside. Sell GBPJPY 138.90 Stop loss 139.50 Take profit 137.85 RR ratio is 1 : 1.75 Risk only 1% of your equity Set stop loss to entry once price move below 138.50 Good luck
Short
by HayatoDragonFX
GBPJPY POTENTIAL SHORT TRADE SETUPHi Traders, - In the GBPJPY 2H chart above, price is trading within an ascending wedge pattern. - Price made a multi-touch on the upper trendline which is suggesting deceleration of buyers. - I will be watching out for the breakout of the green levels on the chart which will also lead to the break of the ascending trend lines for short entries. - Price has the potential to move lower towards the major ascending trendline on the chart. I'll be watching how this plays out in the days ahead. Kindly support this analysis with your likes and comments. Thanks for reading! Veejahbee.
Short
by Veejahbee
1