GBPJPY 15MIN TIMEFRAME ANALYSIS (sell)We sell this pair because of a strong resistance above. The entry and exit levels have been shown on the chart. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. Invest wisely. See you making huge profit in this one.
Gbpjpysignal
GBPJPY Is Back For the Retest After the Breakout
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Hi Traders, GBPJPY on H4 Has broken below a major Resistance and now it’s back for the retest. It’s expected to go lower to 148.1
⬇️Sell now or Sell at 149.57
⭕️SL @ 150.41
✅TP1 @ 148.1
✅TP2 @ 146.5
✅TP3 @ 145.05
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GBPJPY H4 TIMEFRAME ANALYSIS (SELL)As you may see on the chart the price is trading below the trendline which means that the trendline breakout has already happened and the price is ready to trade in the downward direction.in addition to that the parallel channel/equal-distance channel is pointing downward as a sign of a major trend reversal. Our aim is to capture the beginning of a new downward trend and that is what we want because it is where the smart money is made. The GBPJPY seems to change its trend direction so we join in early before others notice it. The entry and exit levels have been indicated on the chart. The major key levels have also been drawn on the chart. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. If you have any idea be free to add it in the comment area. Otherwise, invest wisely. Wish you more success.
GBPJPY Has Made a Double Top H1
Welcome back Traders, Investors, and Community!
Hi Traders, GBPJPY on H1 has made a Double Top and rejected by a large red candle which indicates it’s going lower. It can go lower to 151.9
⬇️Sell now or Sell at 152.88
⭕️SL @ 153.31
✅TP1 @ 151.9
✅TP2 @ 151.17
✅TP3 @ 150.20
We will have more FREE forecasts in TradingView soon
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Have a Profitable Day
GBPJPY BUYThis is GBPJPY analysis on 1hr timeframe, the market overall is trending to the upside and came down for retracement last week for a sell and this week the market has been moving to the upside, and i'm expecting it to continue to move to the upside from where it is at a moment, this is ITT's technical analysis trade with a good risk management.
gbpjpy 23.06.21 swing idealooking at a swing point, gbpjpy might be ready for the great fall. last week price made its first bearish impulse and we have seen price retracing all the way back completing its retracement (if price is going to drop) and has reached an orderblock. from here we should see price reverse however it would also be best if we could get a fakeout before price drops because that would mean they have taken out some stop losses aiding price to drop more hence why our stop loss is above the high.
GBPJPY Forming Bearing Pattern As we can see on the GBPJPY daily time frame since last December, the Bull keeps the market up strongly, and the Pound was getting stronger than strong against YEN. After the G7 Meeting and Federal Reserve Meting, the Pond is getting weaker slowly. We are going to open a short position from the current price level.
GBPJPYAs i said last weeks ...as I said last weeks GJ has reached 155,600
NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week.
I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ...
THIS WEEK...as I said last week ... GJ has reached the trend line and strongly rejected ... which I still look forward to.
Even if he can make another range, I expect GJ to go down the steps to area 148 ... and from there I'll reanalyze!
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*This information is not a Financial Advice.
GBPJPY Is Heading Lower In Three Waves.GBPJPY has just completed a five-wave impulse to the upside and according to EW principle, a three-wave correction follows every impulse sequence.
If this count is correct, a decline to the previous fourth wave low is plausible in circled wave iv.
Do you think bears will take over on GJ? Let me know in the comment.
Thanks for reading!
GBPJPYAs i said last weeks ...As I said GJ he climbed to Fibonacci 786 he broke in a few hours and closed above the 153,500 and even far over ...
This week I will wait for a retracement to the area 153,500 and there ... I think GJ will test the area 155.500-156,000
THIS WEEK...as I said last weeks GJ has reached 155,600
NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week.
I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ...
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPJPY Set To Resume HigherGBPJPY is heading higher to complete a five-wave sequence. The is currently unfolding as a triangle in wave iv of a five-wave sequence.
According to Elliott Wave theory, a triangle usually precedes the last move of a sequence. If this count is correct, we should see another leg higher before any major bearish reversal.
What's your view on GJ? Let me know in the comment.
Thanks for reading!
Gbp/Jpy : Eyeing 157 handle Feb 2018 High ? As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top.
Trend : Up
Signal : Long Scalp ( 153.50-154.65 range)
Positional trade # 1: Long above 151.70 ( EMA 50)
Stop Loss : 150.50
Target : 157 handle
Positional Pending trade #2 : Sell limit @ 156.70-157.30
Stop Loss : 158.50
Target : Open