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Gbpjpyshort

GBPJPY: best entry?GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.
Long
by Sphyn-Trader
8
GbpJpy- Sell on confirmationSince the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172. However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168. At this moment GbpJpy is trading near resistance and is in a consolidation. Short-term support lies at 171.50 and a break under this support could lead to further losses and towards to lower boundary of the range. Aggressive traders could use this break as a signal for opening short trades, keeping in mind that they trade against the trend.
by Mihai_Iacob
17
GBPJPY 171.619 -0.25% SHORT IDEA 📉🐻💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at GBP/JPY In the coming week. 1. BSL TAKEN. 2. LOOKING FOR A PUSH INTO THE -OB for possible reversals. 3. Looking at momentum heading into the oderblock to determine if we might break above or what. 4. Looking at that unfilled FVG as a possible entry with the BEARS. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
20 Reason for sell GBPJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum. 2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment. 3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling. 4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing. 😇7 Dimension Analysis 🟢 Analysis Time Frame: D1 Price Structure: The overall structure is bullish, with the swing almost completed. Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal. Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure. Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum. Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility. Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength. Sentiment ROC: Check the rate of change for further insights. ✔️ Entry Time Frame: H1 12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes. Entry Move: Look for a corrective move before entering. Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes. FIB or Trendline: The trigger event has already occurred, and the trendline has been broken. ☑️ Final Comments: Sell position is recommended at this point. 16. 💡Decision: Sell 🚀Entry: 171.693 ✋Stop Loss: 172.521 🎯Take Profit: 165.373 😊Risk-to-Reward Ratio: 1 to 7 🕛 Expected Duration: 30 days
Short
by Optimum369
2
Bearish reversal scenario for GBP/JPYGBP/JPY has reached the resistance zone of 172 where multiple price rejections had taken place in the past. So far, price has failed to breach this level. If the bears continue to defend this strong resistance zone, then a bearish reversal is likely for GBP/JPY. As indicated in the chart, a sell entry in the vicinity of 172 with Stop loss placed above the resistance zone and initial TP at 168 would be potential sell trade. Keep in mind, this bearish scenario is valid only if the resistance zone at 172 stays intact.
Short
by YourLazyTrader
1