GBP/JPY SHORT OPPORTUNITY (HOURLY):GJ bullish on weekly and monthly. Retest of lower bounds, before climbing higher.
Gjshort
BEARISH WEDGE ON GJ!!Thank you for taking the time out to view this. I noticed a possible Rising Wedge in Motion on the 15min TF... Price has just closed under 1hr Ascending Channel support. Expecting more bearish movement momentarily, this pair may takeout & get back on track inside of the Ascending Channel. What are your thoughts?
GPPJPY Analysisas seen on the support level the price has hit it like 3 times now,
expectations is that it continues on a bullish trend and break the resistance area, will have to wait and see what happens.
GJ Scenarios for Early Next WeekendThe market is looking pretty neutral for my favorite forex cross at this point. I honestly think is probably headed downwards, but there is always the likely hood of a quick reversal. I've lined up some support and resistance areas, and the possible directions the market could move in.
GBPJPY sell NY session Took a sell on GJ Pre NY with a nice push down.
As i put on the chart i did not want to be in this trade long term as it is the last week in June and a new month for July in the same week. Also a holiday coming up.
Woke up late and was not able to catch London session.
Still happy with my profits today.
See you all tomorrow for London session.
I try to place my SL at BE as soon as possible to avoid any losses. But as a trader I do lose sometimes, but thats just part of the game.
Happy trading traders!
GBPJPY DOUBLE TOP Double top on 15 min at retest of previous week consolidation breakout...
Break out and retest of that DT.
To Think I Only Started Forex a Month Ago...Probably like a lot of you..
Ive only been trading for about a month, since sitting at home and getting bored pretty much. But i didn't just get into this without knowing anything,
I done my research and took my notes (Didn't buy a course/ don't have a mentor) - Had my first profitable month and also blew my account. All so quick eh?
What can we do?
Regardless, GJ Analysis Above. Let me know what you think.
Thanks :)
Will GBP/JPY finally drop?Hey tradomanics,
technically we see a very nice entry for a GBP/JPY sell here. AS the fundamental situation is still very mixed it is obviously very risky to trade a long on DXY and JXY since risk-on-sentiment is causing trouble for both currencies.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GBP Buys ContinuedGJ Outlook
Monthly Bullish
Weekly Bullish
Daily Bullish
Will be looking for buys till Target.
If you have any comments ,please let me know your take.I'm still new
Lets Talk About GJ Baby...So This Is One Of My Favourite Pairs.
It's Also The Pair That Blew My Account Last Week.
Now GJ could go one of many ways this week. Let me give you my analysis for this pair.
This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was initiated. So here we can see that just before close a red candle was formed, this may just be a pull back rather than a trend reversal. I have a line where i think the pull back may come up to. But as you can see i also have an arrow that is going downwards, if price breaks this trend line, i believe that this may not be a pullback but instead be a trend reversal.
Heres why there may be a cause for a trend reversal:
- Current situation in the UK is becoming similar to the situation in the US. (i.e Protests & Risk of a Second Coronavirus Wave)
- The government not being upfront with the people. As well as this Brexit discussions.
However as i stated, as the businesses are now re-opening there is a chance for the pound to get back to the 141/143 mark by the end of this week.
Let me know what you think of my analysis, or if theres anything i missed.
Thanks :)
gbpjpy Short trade idea // ReversalIn this analysis we can see Price has formed a H&S type of market structure at an area of previous resistance, this is a Key level in the market which has been respected in the past. RSI is also bearish indicating a reversal at this level, price is under both 9 and 21 Moving averages. SL is placed above structure for 87 pips, TP1 will be at 135.864, TP2 is at 135.000 for about 160 pips and TP3 will be at 132.592 for 400 pips. This is a 1 to 4.5 RR swing position, that i will be taking with students of LIMITLESS TRADE ACADEMY under my mentorship. If you agree with my trade idea please use proper risk management.
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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
GBPJPY forecast 2 June 2020Hi,
as you can see GJ is at the Top to make big double top then move to the downside for minimum 350 pip and maximum 580 pips to reach the start of big impulse.
i based my analyses on Market Structure and Patterns, as you can GJ come to the top in a way of correction and it made rising wedge that indicated GJ is certainly to move to the downside.
THIS IS JUST BASED ON MY IDEA.
GBPJPY LOOKING FOR SHORT GJ IS AT VERY STRONG RESISTANCE AND IM LOOKING TO SHORT THIS PAIR AS IT MAKING DOUBLE TOP
GBPJPY Market AnalysisThis is my analysis on the Pound Yen pair. It had a very strong move to the downside, followed with a correction of the impulse which stopped at the .5 Fib level. Seems to be continuing to the downside as COT data tells that they are adding more shorts.
Leave any feedback on if I missed anything or your opinion on this analysis
