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Gbpjpysignal

GBPJPY: The probability of Diagonal pattern formation In the daily chart, by checking the details of the waves we can see that wave i from the sub-waves of wave 3 has completed in the range of 133.04, we are currently in wave ii. In the 240-minute diagram and in the details of wave 2 from sub-wave C, a diagonal pattern is forming which we can consider it as a terminated wave in the range of 142.03. To confirm the main downtrend, the price needs to cross from the range of 139.51 with 5 descending waves.
by NirmataFX
1
GBPJPY under Pressure of Resistances (Ready for Bearish)Here in Gbpjpy, i've mentioned the level @141 as selling point for 200+ pips for today if it fall otherwise the above area i've taken the familiar trend line & from 142 approx considering the proper sell area in which fake design will occur (this is in case if today it isn't fall down). All other supports & resistances are mentioned there. Best of luck with GJ. I HOPE THIS ANALYSIS GIVES YOU THE BETTER IDEA TO DO BEST. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
The Single Best Trade for 2021... and beyond. This trade naturally stands the reason. It is the worst G10 currency prospects versus what's still the most stable("best") G10 out there. While Japan continues to maintain a healthy Account Surplus (for several decades by now) the UK decided to inflate the BoE's balance sheet to the tune of 120% of GDP, in just a few short months. This fact alone justifies a complete re-pricing of this cross, without the need to speculate on the impending doom of the UK, a debt-ridden, rapidly aging, outpost (and Not just because of Brexit - which is a day late and a dollar short!) that is currently dying in the pandemic (economically and in the literal sense) faster than any other country in the developed world. E.g. a total and rapid repricing of this pair is inevitable. (... and as we all know that, this pair can do that faster/better than any other pair in the majors!) Here is the Monthly outlook - And for those who wondered "what the 2nd best trade could be"...;
Short
by Nemo_Confidat
GBPJPY – Nice Sell Setup waiting for BreakAfter moving in choppy manner over the last few weeks, GBPJPY correctively and slowly move to the upside while approaching the sell area of TF structure. Now, it finally looks convincing again... Yesterday, finally, GBPJPY gor rejected impulsively from the high value area (Inflection point / double top) I have marked from a long time. Now, the price is forming a small bearish continuation flag in H1 TF. I’m waiting for the break of this flag structure to confirm a further move to the downside. Lets see how will this pair play out. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPJPY Long-term Bearish Trade SetupIn the GBPJPY 4 hourly chart above, the price decline in five waves, it's positively correlated with GU at the moment. A five-wave move is regarded as an impulse pattern, which indicates the direction of the primary trend. According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse move. In GBPJPY's case, the retracement took the shape of (w)-(x)-(y) double zigzag pattern. The most interesting thing is that, once the correction is completed the price resumes in the direction of the primary trend. If this count is correct, we can expect the price to start declining from or below the current market price in the days ahead. Want to know how I will take this setup? Send DM! Best of luck on the chart, Veejahbee.
Short
by Veejahbee
4