GBPJPYWe can consider GBPJPY for a short position. At the moment I think it is better to wait for a while to have a better view.
Gbpjpyshort
gbpjpy . Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY short swing trade ideaaccording to market phases gbpjpy is in distribution phase right now after a long upward rally... what do you think about that?
Gbpjpy First we had a fake out. The fake out chandle made a box. With this box we can sell. Above will be the stoploss.
Fibbo 0.618 on 15m wil be Tp. But a movement to 181.8 is also possible.
182.600/700 could be a reversal point but I think this time it wil break
gbpjpy fakeoutfakeout om jpy. to trap buyers and liq sellers.
182.700/600 has to break. then short until 162.250. this is fibo 0.618
Melt-up scenario in GBP/JPY. Watch out for a quick fallDear traders, GBP/JPY is on a relentless uptrend for many days now.
The current scenario can be compared to that of a melt-up.
However, if the bears step in now, expect a quick fall in GBP/JPY. Watch
out for a bearish price action to sell and expect price to fall to at least
170. Price is very over-extended from the EMA so, I do not recommend any
long entries at the current level.
gbpjpy. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY Sell Entry H1At the moment, GBPJPY is trading at 182.32. According To My Little Knowledge, If you want to sell in this, a great area would be the resistance at 182.50. You can set a stop loss at 182.85 and take profit at the support area of 181.80. I hope our trading will be profitable.
DISCLAIMER: Please note that the information provided is not financial advice. Trading carries risks, and decisions should be made based on personal analysis and understanding.
GBP/JPY SHORTWe are in a way overbought market - I'm expecting a retracement before more buyers enter the market and have the price continue going up
GBPJPY✔️Expecting Mid Term Bearish Wave⚠️ Confirmation Trade Reaction from SELL area ..!!!
🔴 Try to SELL all the TOPS !!!
✅ Confirmation 182.10 zone
✅ Expecting Mid Term Bullish Wave
🔔 NEXT TARGET 178.85
Bears need to break this level in GBPJPY, +530 Pips potentialHello traders, we are seeing the formation of a resistance
zone in the 4Hour chart of GBP/JPY. However, price is being supported
by the 181.10 level.
Bears need to take out the 181.10 level to accelerate the downtrend.
There is potential for a 530 pips sell in GBPJPY as price is likely to
hit 176.24 as long as the resistance zone holds.
#GBPJPY:UPDATED VIEW NEW TARGET 174-175Hey Everyone, GBPJPY recently have overbought mainly due to JPY continuous bearish impulse. What we want to see here is for price to touch 181 region before it drops until 175 region where our take profit should be placed at.
Please Like and Comment for more. :)
GBPJPY= 179-181 Region to Sell Big🩸Hey Everyone, since our last update on GBPJPY price have continuously going up in other words price being extremely bullish. There is two major reason for it firstly GBP is extremely bullish after recent economic data and JPY which investors are still dumping it due to DXY extension demand.
Wait for price to come to our region before selling it, will update you guys once it's ready.
GBPJPY Trading ideaLooking for a breakout wither upside or downside, more into the sell since price is way to over bought in the higher timeframes. needs to do a correction
GBP/JPY finally showing bearish signs, time to fall 270 Pips?Dear traders, GBP/JPY is finally showing some bearish signs on the
1Hour chart after a huge bullish rally. So, there could be some short-term
pullback in GBP/JPY.
In the 1 hour chart, the price is very overextended from the hourly moving
average. So, there could be a pullback to 178.80 level.
If price continues to struggle at the resistance level highlighted in my chart,
traders can consider selling GBP/JPY@181.80-182.10 with SL above resistance
and TP at 178.80.
$gbp $jpy #Gbpjpy #elliottwave #wavec short 16jun2023This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
gbpjpy sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY in the resistance zone to shortGPBJPY has hit a previous resistance zone and will be a great opportunity for a short!!
Initial target 160
Secondary 152
Third is the 122 level
GBPJPY Trading Guide. Selling is not yet started.Note : small traders should trade with money management as the pair is highly volatile.
Level to take trades for small trading account holders
Sell 182.150
Tp 181.750
Sell 187.5
Tp 187.0
Sell 190 hold for long 178.
Fundamental Analysis
When everyone is selling GBPJPY, then who is buying it and why it's going up and up without stopping ???
The answer is very simple. Big Investors and traders with technical + fundamental knowledge are not buying JPY. whenever GBP breaks resistance, retest it and start moving up. Simply buy GBPJPY. because JPY is not offering anything to investors then why investors buy JPY ???. Now you get my point. Now we will do some technical analysis.
Technical analysis
Technically the pair is showing overbought sign do expect some correction from 181.8 to 182.350, you can sell pair in this range and hold 50 pips or 500 points easily. but I am expecting bullish rally to 190 & 195 areas To be tested easily in a month or 2 month may be earlier. There we will sell from 190 and our target will be 178. I have mentioned these in the chart also. As Daily chart is bullish but showing highly overbought sign so at 190 psychological mark expect aggressive selling of the pair.
Moreover, Bank of Japan is preparing to Intervene in the Market, so when the intervene will start ??? Bank of Japan is watching USDJPY levels so therefore when USDJPY reaches 150 then they will decide a meeting to intervene again. Apart from that retailers will also plan to wait at 150-152 area and avoid buying here.
So when USDJPY reaches 150 psychological mark, expect BOJ intervene in FX market.
As GBP is also going up without any Reason, therefore GBP will likely to fall heavy against all pairs.
GBPJPY, expecting down H1i am expecting GBPJPY down move from here by making head & shoulder pattern
