Gbpjpyshort
GBP JPY - Short Observed on Weekly Time FrameThe weekly chart for GBP JPY is telling a story. It starts with showing a broken trendline. As you can see on my chart, the trendline is broken to the downside and then retested (also retesting a major level of resistance). At this meeting point, a weekly pinbar is formed (highlighted in green). Price shows us a rejection as its reaction. There are only 3 main objectives from this point:
1. Set a stop loss
2. Set a target
3. Let price do its thing
GBP/JPY NFP 11/03/2023beautiful sell on Gbp/Jpy, Japanese Yen showed extreme strength during NFP . waiting for price to reach the order block before entering for the sell.
with major news ahead I moved my stop loss to break in profit but price continued to my take profit successful end of the week...
Trend Following Strategy EntryGBJPY is currently in a strong uptrend on the 60m timeframe. It has just produced a higher high, higher close candle at the bottom of a descending channel - both of which are bullish signals.
I have entered at the open of the 12:00 candle and will hold until a retest of the previous structure high.
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY - Long active ✅Hello traders!
‼️ This is my perspective of GBPJPY .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. As I expected in my last analysis price made a retracement and rejected from bullish order block + institutional big figure 162.000.
‼️Attention!!! Due to the fact that we have news events on GBP and JPY on Friday, the analysis can be invalidated.
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GBPJPY SHORTGreetings traders,
I have been monitoring this pair for a while now. My outlook is bearish. The pair had a strong bearish momentum sliding down to 155 region, this left an imbalance that had to be mitigated by a bullish correction. We are witnessing the closing stages of the bearish correction. On the 4HR we have a CHOCH and BOS targeting 158-154 region or even lower(a fair value gap is sitting lower). We have our sell order sitting at the 166 region where we anticipate a short term correction to activate our order.
Short GBPJPY position in the near term
There is a clear signal of a short-term top in GBPJPY, and there is a demand for a pullback. Short-term trading can be positioned for short positions.
Personal trading suggestion: Enter a short position at 163.550-164.000 with a target of 161.200.
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