Gbpjpyshort
GBPJPY: A bearish taleThe pair shows strong bearish rally with formation of lower highs and lower lows.
300 Pips TP hit in GBPJPY, will it drop further?Dear traders, in my previous chart attached below , I indicated that
GBPJPY will drop to 158 level from 161.50 level. Currently, price action is tilted to the downside with no major
support levels.
The area at 155.50 can be minor support from where price can rebound again. At the moment, I advise traders
not to buy GBPJPY. It is better to wait and see if GBPJPY drops to 155.50 from where we can consider buying.
GBPJPY Sell 4HSelling opportunity alert! GBP/JPY on the 4H timeframe is approaching a key resistance zone. Keep an eye out for bearish price action signals and consider taking a short position. As always, stay informed about any economic events that may affect the value of the pound and yen #GBPJPY #ForexTrading #ResistanceZone
GBPJPY looking for a limited rally.GBPJPY - Intraday - We look to Sell at 158.10 (stop at 159.05)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The hourly chart technicals suggests further upside before the downtrend returns.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 155.85 and 155.35
Resistance: 157.60 / 160.40 / 163.15
Support: 153.65 / 151.00 / 148.60
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GBPJPY SHORT - JPY STRENGTH HERE TO STAY!Waiting for a pullback to retest 158.577 to short GBPJPY back down to the key weekly level at 151.838.
If you agree drop a like and if you have any questions leave a comment :)
GBPJPY SELL IDEAMy view for GBPJPY is to see a bit more movement to upside to pass 158.000 and there will find some resistance from the trend and it will change direction to the downside with a potential take profit at 155.669 but possibly to pass the 155.429 and continue to the downside.
I am not expecting this pair to pass the 161.225 so its better to have a stoploss there because if pass this level the pair will take a bullish trend to the upside.
GBP/JPY :: which one ?!!GBP/JPY :::
Both are equally likely.
Will the price move up or will it break the support and decrease ?
GBPJPY - Daily Trade Idea - 16-Jan-23GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY - Daily Trade Idea - 13-Jan-23GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
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.
GBP/JPY - downside movement is possibleHello guys!
If we analyze H4 chart then we can see that GBPJPY created nice downside channel and try to go down. In my opinion, it will start to go downward from starting 159.890.
We can open SELL orders or use SELL STOP orders also.
Possible targets are:
1. 158.730
2. 156.720
3. 153.330
Stop Loss is important also. It can be here - 162.750
$Gbpjpy Short Trade Setup. #elliottwaveThis 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 SHORTDaily has bheen preety Bearish. price is approaching Fibonacci levels on the 4H. Given that these are retest levels at a premium, its a suitable place to sell the pair.
