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Gbpjpysetup

GBPJPY Reaching Weekly Resistance / Volume ClusterGBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.
Short
by Pak_shaheen
GBP/JPY 4HR SELL SET UPHi TRADERS 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 as you can see in our previous week chart on the GBP/JPY we predicted a nice sell trade so i am expecting a pullback to the order block zones and will be looking for a sell trade look for pullback to zones 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
GBP/JPYThe British pound fell a bit last week as we have seen a major “risk off” attitude approach the markets. All of that being said, the market is very sensitive to risk appetite as the Japanese yen is considered to be a major safety currency, while the British pound will gain against it in times of “risk on.” At this point, it looks like there are serious cracks in the marketplace, and a move below the ¥149 level on a daily close could send this pair down to the ¥145 level rather quickly. Regardless, even if we rally from here, the market would have a lot of proving to do in order to become bullish.
Short
by SmoothJB