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Gj

SHORT trade for GJShort trade for GJ. Finally broke past support and made a move to the downside. I expect to see a little bit of price action between the minor resistance levels on the way to my profit target. I don't expect to see much overall resistance for the move to continue seeing as there are no major news announcements for either country at the moment. Price could very well head all the way down to the previous support level below my profit target. Here are my numbers for the trade. I am currently in this trade and will update with news on the trade. Entry - 155.552 Stop Loss - 156.052 Profit Target - 154.560 Risk - 1% R/R - 2 As always, Stay safe and stick with your plan.
Short
by Emerald_City
GBPJPY WEEKLY REVIEW OF OCT 3RD - 8TH 2021 GBPJPY has a had a strong bullish week as we recently tapped into the HTF Demand of 149 lows failing to break below showing us buyers are in control as higher time frame bullish ms has not been broken. which gave the strong bullish reaction we saw take place this past week to recover the sellers downside in the past 2 weeks during monthly close of September and Q3 close, Which those pullbacks was order flow / price set up for Q4. When conducting an analysis on GJ you want to gauge price movements on the Yen. Something to take note on is that YEN has been heavily bearish on the higher time frame. Thus, creating a bullish GJ. Gauging in Economic Data for Yen and Pound to gauge individuals strength as a currency. YEN is a safe haven currency Pound is a risk currency
by KimboSlice04
GBP/JPY testing second trendline. potenital short.Hello traders how are you all ? Hope you guys are doing well. So here is my simple GJ 4H time analysis. We have basically two trendline one is lower which is major D1 trendline and second is a 4H and 1H trendline. Price is just testing the 2nd trendline which is obviously showing a good selling opportunity and i had also excuted a sell trade from the same level. If the price breaks the trendline then that will be the differnt scenario. Have a good day all. Peace out.
Short
by asadlinkinpark9