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Gbpjpysetup

GBP/JPY 4HR CHART SELL SET UPHi everyone this is my trade set up for the GBP/JPY for the new week ahead GBP/JPY has still got plenty of legs to keep moving to the downside, so i am expecting a pullback to the order block zone and will be looking for a sell trade look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
4
GBPJPY: A BET ON THE SAFE HAVEN.The Japanese Yen is considered a safe haven currency as it tends to hold its value or even increase during periods of risk aversion. Yesterday, the pound-yen splintered its 4h bullish market structure (Bullish MS: a series of higher highs and higher lows in the markets), plummeting over 0.91%. Being reactive is waiting for prices to retest and fail to break a key resistance zone at 151.90 - 152.00. For a short swing trade, set target 1 at 150.60 and target 2 at 149.50, stop loss should be 30 - 40 pips above entry level. Apply proper risk management. Hope this helps!!
Short
by K_Budu
GBPJPY Bearish Idea (D1 Timeframe)In the few days, we have seen some JPY strength! Some pairs with JPY as secondary currency were in a bearish trend for the last few days, a good example of them is CADJPY and EURJPY! The same scenario we can see in GBPJPY! Currently, this pair is in a bearish/downtrend structure. Not just that, on a daily timeframe, we can see that price is at 78.6% Fibonacci retracement level! Even though the Friday daily candle indicates that still bulls are powerful but Monday price action on a lower time frame i.e. H1 and H4 will play a great role to determine the direction bias on this pair! As far as higher timeframe goes there's a possibility that we might witness some GBP weaknesses in the coming week!
Short
by lodrickthomas