Gbpjpytrade
GBPJPY - SHORT This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.
Short GBPJPY @ 155
TP: 153
SL: 155.30
Good luck!
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.
A pullback is possible in GBP/JPYGBP/JPY ended the previous week on a bearish note and the bearishness
may continue in the upcoming week as well.
The 156 level is a strong historical resistance for GBP/JPY and thus it makes
sense for a correction to happen from this level.
Watch out for selling the rallies in GBP/JPY possibly near the 155.50 level
with SL above 156.60 and TP at 150.
GBP/JPY Broke Our Res Area And New Long Trade Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions