GBPJPY next week directionWe are expecting the GBPJPY to move in the downward direction for the next week
Gbpjpysell
GBPJPY confirm 270 pipsGBPJPY is creating a reflex impulse on the Daily chart so we are expecting a big fall to 130.600 from the current point
GBPJPY potential shortAt the 134.500 area, this dotted line started last week as support, gradually turning into resistance, with the price remaining undecided and moving up and down and not respecting it as neither support or resistance.
We have however, had several rejections and failure to break the descending trendline . Price dropped below the 50EMA but closed above it.
I am going to be monitoring this pair, if we see a clean break of the 50MA and see that it respects the newly formed resistance area , I will be looking to go short.
GBPJPY | SHORTWAIT FOR BREAK SUPPORT LINE OPEN POSITION 1 AND AFTER BREAK LEVEL 23 FIBO OPEN POSITION 2
GBP/JPY, Update on the pairGBP/JPY fell down like an apple from a tree and smashed our 1st Take Profit. 2nd Entry was closed manually when it reached the first structural Level on H4 Timeframe.
GBPJPY short beyond 134.5The last idea is still valid on #GBPJPY.
Anyway, as the price breaks the support on 134.5,
we can go short now with a higher risk (or lower size)
Entry now
SL 136.290
TP1 133.400
TP2 132.110
GBP/JPY, expect a Drop of the priceAfter GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
GBPJPY short signalShort signal still valid for #GBPJPY.
The trendline was broken and "the brave" could have opened a short from there.
We prefer to miss a good opportunity to make a better trade with lower risk.
The better trade could be from 137.00 Area, which is a good Fibo confirmation level.
SL 140.370
TP 129.280
GBPJPY NEXT WEEK ANALYSISIF WANT MORE ANALYSIS JUST FOLLOW FXBLUEPIPS , AND WAIT FOR THE NEXT UPDATE
London Daybreak Trade Idea GBPUSDLondon Daybreak Trade Idea
BUY STOP :
Entry - 1.23504
S/L - 1.23204
T/P - 1.23804
SELL STOP :
Entry - 1.23204
S/L - 1.23504
T/P - 1.22904
gbpjpy
GBPJPY IDEAI set a fibonacci and we clearly see a retracement of 133.500.
Moving average showing us possible trend change, so I think this is a good opportunity for SELL.
MY PLAN:
-My entry level is betwen 133.100 and 133.400 .
-My SL 133.750 (fibonacci 0.75)
-My TP 130.800
- 1000-3000 pips we should see this week if this idea will work.
STAY CONSISTENT, TRADE YOUR ANALYSIS!
PLEASE LET ME KNOW IN COMMENTS BELOW, WHAT DO YOU THINK ABOUT THIS IDEA.
THANK YOU!
Short Setup on GBPJPYThis is a short potential area that we can consider.
If the price break the trend line by open the new candle above the trend line, we can close the trade and change to long position
GBP/JPY SELLLooking for entries for shorts at 134.518
1. Currently sitting in a supply zone
2. Looking for 3rd touch of 0.5 fib level
3. Would then create a triple top
4. Previous break and retest indicating downside
Targeting demand zone about 750 pips down can also set a tight SL here
London Daybreak Trade Idea GBPJPY London Daybreak GBPJPY
Buy Stop :
Entry : 133.254
S/L : 132.954
T/P : 133.554
Sell Stop :
Entry : 132.954
S/L : 133.251
T/P : 132.651
BRITISH POUND / JAPANESE YEN (GBPJPY) DailyDates in the future with the greatest probability for a price high or price low
GBPJPY: short on 137.00 if...Possible Short trade on #GBPJPY.
We have to wait for the Elliot wave to be confirmed in point 5.
As 137.00 touched (that's Fibo 61%) we can go short BUT let the price breaks the trendline first.
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Entry 137.00
SL 140.37
TP 129.29
