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Gbpjpyshort

GBP JPY SELLHello, according to my analysis of the gbpjpy pair, there is a high possibility of a downside. The price broke the double button pattern. With a very large red negative candle. It indicates the strength of the sellers. We also notice the rapid return to the bullish channel as shown in the analysis, but it could not get out of it. In the coming days, we expect a further drop to 182,000 levels in the first phase. And the level of 180.00 in the second stage, good luck to all
Short
by inv_market09
2
GBPJPY week 25.09 - 29.09.2023Short term: GJ seems to be following the downtrend But below, GJ has a Quasimodo liquidity zone forming. It looks like this area is quite solid. To create a clear uptrend, we need GJ to at least be able to break above the Sellzone. Plan : Canh buy: 179.55 and 178.8. Canh sell: 182,995/ 183,675 If Sell picks up first, the Buy bet is still valid. If Buy picks up and the train runs, consider reducing the order volume. Maybe the liquidity will be enough for a pull up
Long
by Finn_Rm3x
2
BluetonaFX - GBPJPY Failed Bull Flag SHORT IdeaHi Traders! There is a potential failed bull flag opportunity on the GBJPY 1D chart. The flag looks like it has failed to continue the bullish momentum, and the price action now looks bearish. The market has broken below our 20 EMA, and the swings are getting lower with lower highs and lower lows. The pattern is turning into a bearish ascending channel. As long as we remain under the 20 EMA, we have a bearish outlook and will look for short entries with the aim of exiting at the support area between 181.597 and 181.220. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
6
GBP/JPY Trading plan( FOMC + BOJ Policy Rate on Friday)With FOMC coming up later tonight and BOJ monetary policy statement on the early hours of Friday, it is going to be a blockbuster week for GBP/JPY and other Yen pairs as well. To be honest, I would recommend traders to take this week off. However, for those still interested in trading, I am sharing my trading plan. 📌Right now, GBP/JPY looks like it may rise further if it is able to break the 183.50 level. 📌If price drops during or after the major news events towards 179.50, I would try a buy trade with small lot with entry@179.50, SL: 178.80 and TP at 183. 📌If price spikes to 186 or higher during the major news events, I would prefer selling.
by MarcellusLUX
2
Short-term pullback possible in GBP/JPY, buy or sell?Hello traders! GBP/JPY seems to have found some support near the 182.65 level. 📌Price has not gone below 182.65 despite multiple attempts by the bears to break it. So, 182.65 can be considered a minor support. 📌If the minor support level holds, we can expect GBP/JPY to pullback towards the 4H EMA level near 184 or even 184.70. 📌However, I do not recommend traders to buy GBP/JPY as the daily and weekly trend indicates that price can fall further towards 179. My recommendation is to wait for a pullback and then sell if GBP/JPY reaches the 184.70-185.20 level.
by MarcellusLUX
3
GBP/JPY may fall further to 179 levels, trade wiselyHello everyone! GBP/JPY's bullish rally has run out of steam and price is slowly descending to the downside here. 📌At present, we are noticing the formation of a wedge-like pattern in the daily chart of GBP/JPY. 📌Despite this, the uptrend may be short-lived as price may fall to 179 in the coming days. 📌My recommendation is to sell the rallies in GBP/JPY. If price spikes to 184 or 185 levels, I would consider selling GBP/JPY
Short
by MarcellusLUX
2
GBPJPY: JPY traders attempt a recovery!The GBP/JPY pair slid to a new five-week low after touching 182.51 on Thursday, falling off 184.00 in the final trading session of the week. The British Pound (GBP) has struggled to develop further momentum against the Japanese Yen (JPY) recently, with the Guppy marking a move towards the 50-day Simple Moving Average (SMA) after failing to maintain maintained the key level of 186.00 at the end of August. GBP/JPY marked its 2023 low in early January when the pair traded into the 156.00 region. GBP has done a good job of taking advantage of JPY's weakness since then, with Guppy still up around 17.50% on the year.
Short
by Sphyn-Trader
8