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Gbpjpytrade

FOLLOW ME: GBP/JPY SHORT OpportunityGBP/JPY is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED - Monthly ORANGE - Weeky GREEN - Daily AQUA BLUE - 4H PINK - 1H LIGHT BLUE - 15M PURPLE - 5M Feel free to leave your thoughts in the comments below! Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up! After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Short
by Jabest
Bearish engulfing barThere are a few factors in play with this setup. The pin bar striking the moving average on the weekly time frame around resistance indicates a bearish signal from price action: H4 has a few clear characteristics that is classic of a bearish setup: 1. Bearish engulfing bar 2. Pinning moving average 3. Pinning fibonacci 50% pullback level When the above is kept in mind after the bullish structure broke down (trend line broken) there are many factors meeting in confluence signalling the bears. For this type of setup the stops are best placed a few pips above the high of the engulfing bar and the target must be at least 2x that of the risk. The initial target can be seen as provisional while the 660 pip mark from the entry point is a likely secondary target. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
GBPJPY Trade IdeaPrice is currently in a bearish trend so I am only looking to sell # Trend is bearish # Resistance level met with a pin bar # 21 SMA pinned by pin bar # Pin par is the signal candle Shorting at market price 139.144 with # SL above the resistance @ 139.965 and # TP lower down at 137.443 (SL x 2) As usual, don't bet the farm, always exercise good risk management and don't rosk what you can't afford to lose. Do you want to learn how to spot these trade set ups? Join my mailing list and receive free price action training at www.facebook.com
Short
by Cmasterza
1
GBPJPY: Trying a BUY after a Selloff?Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen. Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in GBPJPY. However, is there a chance of a relief rally in GBPJPY? We can see that the price is now in the 142.80-143.10 area. In the past, this area has acted as a REVERSAL point for GBPJPY. So, it's important to analyze how price behaves in this area. Upon BULLISH PRICE ACTION, traders can look for BUYS at 142.80-143.10 with SL below 142.60. TPs can be set at 144, 145.20 and 147 respectively.
Long
by TraderAvDM
GBP/JPY Pullback off 144.80/70 And Selling Opportunity Successful recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass 200-day SMA level of 144.60, short-term descending trend-line at 144.80, followed by 145.20, can act as intermediate halts during the upside towards 50-day SMA level of 145.90. On the downside break of 143.70, 143.00 and February month low near 141.00 could gain sellers’ attention. GBPJPY Sell opportunity 144.80/145.00 level because Daily 200 ma and 100 ma Moving Average Area best sell opportunity in technically. On the downside break of 143.70, 143.00 and 142.45 could quickly appear on the chart whereas 142.00 could flash on sellers’ mind then after. Previous Weekly High 147 Previous Weekly Low 145.13 Previous Monthly High 148.88 Previous Monthly Low 143.72 Daily Fibonacci 38.2% 144.2 Daily Fibonacci 61.8% 144.47 NEWS:- ======== GBP:- The Bank of England will not raise any kind of rate this year. Until the end of the issue of the issue, Jahutu Bank on England will not make any major decisions. The Bank of England's monetary policy will not help in any kind of pound. And the Bank of England governor will change, they are looking for new governors for long term. So the latest commentator does not seem to help here. The next week, GBP's market capitalization data is all about the Bank of England Kendrick. #GBP Microeconomic Mixes. #GBP Macro Economics mixed curse bayerish. **Focus on BOE's monetary policy meeting next Wednesday. **No progress in cross-party negotiations likely to keep the Pound subdued. JPY:- Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. JPY futures markets shrunk by around 5.5K contracts on Friday, according to advanced data from CME Group. Volume followed suit, down by nearly 5.5K contracts after three consecutive daily builds. Nikkei 225 closed all week for holiday - (JP) According to recent survey 48% of Japanese are against sales tax hike scheduled for Oct - Japan press
Long
by Saleh11