GJwe gonna see a retest to zone of 145.700
then continue its up move to meet zone between 146.770 / 147.000
Gjmafia
GBP JPY TARGET HIT Our GBP JPY trade idea has now hit the final target and we will now see it test the 200 moving average on the 4 hours we could see a small retrace before the pair continuing bullish or we may see a breakout.
Trade on H4 chart: short for a re-test or await the breakout and go long targeting 146.700 - 147.000
Short bias on GBPJPY GJ keeps declining in this descending channel, i expect further downside move to 145 during London session while Assian session will pullback the price to my entry.
GJ bounceGJ is at a key 4 hour support, we are looking for price to bounce off this support, we are keeping a close eye on this trade before we send out the signal to our clients, but this is looking like a really strong setup that will catch a few pips.
If you are interested in joining our team then we offer a 2 weeks free trial if you message us.
GBPJPY - BUYS - LIQUIDITY NEEDEDGood morning guys,
Here's a 4 hour analysis of Pound-Yen. Let's break it down from weekly to 1 hour:
WEEKLY
On the weekly chart, we can see the strong bearish momentum we had in the first week of the month, following up that beautiful pin bar that was rejected from the 200 EMA and broke that up trend line. Although bears are in control, nobody wants to jump in sells (if we are going further down) while the train is moving. So, as we've reached a important and strong support area (and both psychological and fundamental, but that's a story for another day), price might retrace hard to grab some liquidity and orders to continue it's down momentum (or create a lower high, as you wish to call it). Remember it's GJ, so it will moves like a crazy horse without brakes. Of course, we are going to forget this idea if it continues moving down and doesn't get oxygen on its race. So, ALWAYS wait for price action to show clear breaks, last kisses and sup/res.
DAILY
On daily, the same idea applies: we have that strong support (just look on the weekly chart how price reacted every time it has reached that price zone), a clear daily trendline which is about to reject something (it already formed a wick, but remember we are in a strong bearish momentum) and not a single bull candle through all those candles. So, if price action shows us and price starts to retrace, create wicks and take a bear-break, we are going at least to the 200 Daily EMA (the pink one). Hey, if you were a bank and you were aiming for sells, would you jump right in or would you drive price back to a premium area where you could enter with beautiful prices and make some pennies? Also, there's the fundamentals (but this is too long to write here), telling why that price area is not that interesting to be at right now.
4 HOUR
Now, in the 4 hour chart, things get way clearer:
we have two beautiful daily lower highs. we have beautiful bearish momentum breaking every support and emas on its way (and also retesting... looks like a school book). We have EMAs crossing and the 200 being left behind. We have a beautiful new deep low. So, besides that strange doji that appeared on that support area, why the hell would we look for buys here, if price action shows us? Well guys, we need a new lower high. Again, price needs to breath and grab some liquidity, premium price, retrace, touch the trendline or whatever. Hey, I might be wrong (as GJ likes to do that) and price will just dive down, but it doesn't seem logical.
It's a good R:R for a week swing trade, BUT, if we wait for price action to show us a clear path, we won't need a 60 pips SL. We'll barely need a 20 pips SL.
So, I'm gonna wait for some retest at the downside, price to create a double bottom or to break the 14 EMA and consolidate a little bit there. Gonna look at the 1 hour and visualize what's going on. Then, jump to the 15minute chart and get the sexiest entry I can spot.
Of course, if price action doesn't play out like this, I'm just gonna wait for another last kiss and jump in sells.
See ya.
GJ swing offer (short) 28th Sept 2017GJ swing offer setup 28th Sept 2017
Entry: 151.000
SL: 139.000
TP: 145.000
Good luck!
GBPJPY H4 OUTLOOK 29 AUG 2017SWING DEMAND AT 140-140.500 area.
Take Profit at 147
Stops at 139
Expecting a ranging move in Daily until it breaches one or the other of its SNR.
BOE Inflation data to be monitored.
GJ Swing Offer (short) 12 July 2017Swing offer trade setup on GJ for this month. Short on GJ.
Entry: 146.000
SL: 148.000
TP: 140.000
Make it rain. Cheers!
GBPJPY LONG SHORTAs you can see the gbp is trying to make the new LH in the area grey highlighted zone . You can put the sell limit around the respective zone . to confirm is you seek in Daily TF and open a bollinger bands(BB) it will come out in the mid BB with EMA 50 is also around that area which make a possible short and It would be a sweet long trade. always put a stop loss and please watch out for your margin level in trading this pair.
GBP/JPY SHORTthe pairs is currently try to make new LOWER HIGH * LH before going down. My target sell is between prize zone
146.175- 145.795 on the fibo level of 50% -61.8 % . make sure to watch out for high market impact today on Prelim GDP q/q .
Target TP is around 144.042 . happy trading
GBPJPY Swing Demand 14th June 2017Swing demand trade call on GJ for this month. Long on GJ.
Entry: 137.500
SL: 138.500
TP: 146.600
Make it rain.
GBPJPY Short Play 14th June 2017Fib level 38.2 in confluence with SBR. Short play idea:
Short at 140.200
SL 140.760
TP 138.000
GBPJPY Short Play 11th June 2017GJ is still in bearish mode. Let's see whether if its gonna keep on going down. After we've collected massive pips last month, we are now entering the 'watchout area' - play safe mode.
Entry: 140.500
SL: 141.620
TP: 139.000
GBPJPY H4 OUTLOOK 12 JUNE 2017New Low (LL) is formed, hence downtrend is still in play. Next target support will be looking at 139 area.
However, do monitor Daily as it is at our Golden Ratio Area (GR) and above the trend line.
142.765 remains as our previous high (LH). Break of that level will indicate a trend change in the 4 Hour Chart and Long Continuation in the Daily.
GBPJPY DAILY OUTLOOK 1 JUNE 2017Candle closed rejecting the Daily 50 Fib Level. Monitor the 4 hour chart for a clear confluence of long continuation in the Daily TF.
If no new highs are form, bearish remains in favour. Im expecting a short continuation to the Daily 61.8 Fib Level.
GBPJPY H4 OUTLOOK 1 JUNE 2017Looking at candle closed in the Daily Chart rejecting the 50 Fib Level, we could see a pullback scenario in the 4 Hr TF.
Possible move to the upside towards 50/61.8 fib level on the 4 Hr TF if the Manufacturing PMI data today come out positive.
We can monitor the key levels for a short continuation as long as there's no new highs form or breakout on the trend line.
GBPJPY DAILY OUTLOOK 7 JUNE 2017The pair has dropped substantially since Monday due to the polls between Conservative & Labour. Uncertainty rises, safe haven boosted, risk off market took place.
Looking at Daily, it has broke the 50 Fib Level. Im expecting the price to reach at least 61.8 Fib Level before making a decision for Long Continuation on the Daily TF or closing the Gap Scenario.
However we will monitor the price action at the Trend line and also the Fib Levels.
GBPJPY H4 OUTLOOK 29th MAY - 2nd JUNE 2017After a long consolidation at the 4 Hr Time Frame, price starts to rally down after weak GDP figures that puts further pressure on the pound.
High inflation, slagging wage growth, lower than expected GDP, an election coming up plus the thought of Brexit looks to has started to take it tole on GBP.
After the latest Poll number show, the pound is expected to decline further. 50/61.8 Fib R level will be the area for short continuation if pullback occurs.
Politics will play another important role in the pounds pricing next week and if data is released indicating Labour is closing the gap on the Conservatives in the latest polls, further Pound weakness can unquestionably be expected.
GBPJPY DAILY OUTLOOK 22-26 MAY 2017Looking at Daily Chart, Bears are still in control. No new highs are formed. Hence, downside movement is still in play and looking at 50/61.8 Fib Level.
In addition to that, looking at current issue on Trump-FBI-Russia issue, markets seem to favour on the safe haven CCY due to uncertainties (RiskOff). Hence, JPY buying is increased and this automatically gives the bears to take control on the Geppy.
However if price rally above 147. 5 key level area, we could see a Long Continuation on GBPJPY.
GBPJPY H4 OUTLOOK 18th MAY 2017144.8 remains as key levels. Rejection at this area will drive the price to a new LL.
However if breached, we will be looking at 50/61.8 fib level for short continuation opportunity.
