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Gbpjpysetup

The Single Best Trade for 2021... and beyond. This trade naturally stands the reason. It is the worst G10 currency prospects versus what's still the most stable("best") G10 out there. While Japan continues to maintain a healthy Account Surplus (for several decades by now) the UK decided to inflate the BoE's balance sheet to the tune of 120% of GDP, in just a few short months. This fact alone justifies a complete re-pricing of this cross, without the need to speculate on the impending doom of the UK, a debt-ridden, rapidly aging, outpost (and Not just because of Brexit - which is a day late and a dollar short!) that is currently dying in the pandemic (economically and in the literal sense) faster than any other country in the developed world. E.g. a total and rapid repricing of this pair is inevitable. (... and as we all know that, this pair can do that faster/better than any other pair in the majors!) Here is the Monthly outlook - And for those who wondered "what the 2nd best trade could be"...;
Short
by Nemo_Confidat
GBPJPY – Nice Sell Setup waiting for BreakAfter moving in choppy manner over the last few weeks, GBPJPY correctively and slowly move to the upside while approaching the sell area of TF structure. Now, it finally looks convincing again... Yesterday, finally, GBPJPY gor rejected impulsively from the high value area (Inflection point / double top) I have marked from a long time. Now, the price is forming a small bearish continuation flag in H1 TF. I’m waiting for the break of this flag structure to confirm a further move to the downside. Lets see how will this pair play out. 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, 4hr tf, pennant / flag pattern to materializedHello my friends, Today was such a good day, my trade managed to hit TP for 4.4R and i banked 8.8% profit. I started to get my edge back and i am going to post more positions for everyone to trade. My first setup for today is GBPJPY. To me, the recent sideways movement looks like a pennant / flag pattern and today i finally see price retest those broken support. We could expect price to continue decline on GBPJPY as the measured objective of this pattern is 275 pips. Nearest support is arond 136.30 area so we will try to sell GBPJPY and see if price could touch this support. Sell GBPJPY 137.80 Stop loss 138.30 Take profit 136.30 (3R) RR Ratio 1 : 3 Use only 1-2% profit Good luck
Short
by HayatoDragonFX
1
GJ Sells Breakdown 13/11/2020I don't usually take impulse entries but I have taken a similar setup on GJ 3 times before already this week and they were all winning trades Entry was taken at the point we broke below the wick of the bearish 30m candle on support anticipating price to come down to the next support. I used my usual 2% risk and price very quickly moved towards target TP hit and I secured 3.2% account increase If we flipped bullish I would have managed risk by closing half of my positions so that if SL hit I lost less than I was happy to lose.
by rhf_fx
GBPJPY - FULL ANALYSIS BREAKDOWN Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPJPY, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Short
by AlphaTrading-Group