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Gbpjpysell

GJ Analysis 30/09/2020 -- Update Longs and Shorts TakenWe already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance to form on the 15m timeframe. When the next bearish 15m candle broke the low of the previous candle, we executed sells with stops above the current 30m candle, Price than ran to our target where we secured entries and left a runner, our runner ran for 52 pips before support started forming, so we closed runners at 52 pips. Overall we caught 62 pips from this analysis
by mcrhf_fx
2
GJ Analysis 28/09/2020We are looking for a break of support at around 135.350-00. If this happens we would look for a resistance to form on the lower timeframes before looking to sell back down and fill the clean range down to 135 flat. The reason I am not looking for buys is that the upside is very choppy and there isn't a clean range to long into. However if we respect the support which we just broke back into, we should fill the range back up to 135.600. so that would be your buy opportunity.
Short
by mcrhf_fx
GBPJPY - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Slowly rising market structure.. 4 HOUR Small pullback to the upside, good short entries! DAILY Overall bearish market structure in a small pullback.. - FOREX SWING SELL GBPJPY ENTRY LEVEL @ 134.670 SL @ 135.210 TP @ 133.310 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
49
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