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Gpbjpy

Ghost Traders FX GBP/JPY Bearish Trend Forming [SHORT]With the BOC about to make an interest rate decision change not seen since the 2008 financial crisis, it really does leave the market to guess... are we going to see another HUGE drop like we did in July last year. Bearish structure looks to be forming, but could still see a sweep above before continuing down, alternatively if price puts in a new low I believe it's much more profitable for big money to send this to 178.75 before the potential of a long-term bull trend continuing. Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained. Best of luck to everyone.
Short
by Ghost_Traders_FX
Short Analysis of the GBP/USD Chart: Short Analysis of the GBP/USD Chart: - *Current Price*: 1.22722 USD per GBP. - *Resistance Level*: Around 1.23500 USD, marked as a rejection zone. - *Support Trendline*: An upward trendline connecting the lows from January 10 to January 21. - *Potential Movement*: Indication of a downward movement from the rejection zone, suggesting a bearish outlook. target based on the provided GBP/USD chart analysis: Bearish Scenario: - *Initial Target*: If the price rejects the resistance level around 1.23500 USD and confirms a downward movement, the initial target would be around 1.22000 USD. - *Extended Target*: If the bearish trend continues, a more extended target could be around 1.21000 USD, close to the next significant support level.
Short
by TRADE_CENTER_1
Uptrend in Play or Drop Incoming? Key Price Zones!OANDA:GBPJPY Current Price: 195.150 Chart Timeframe: 1-Hour Bullish Outlook: The price tested the Ascending Channel’s lower trendline as support and is now heading toward the 196.049 target. Minor resistance at 195.714 may cause a pullback to 195.339 before the price resumes its move toward the 196.049 target. Alternatively, if the price breaks below the channel’s lower trendline, it could lead to a decline towards 193.708. Resistance Levels: • 195.714 (Minor resistance) • 196.049 (Primary target) Support Levels: • 195.339 (Expected pullback level) • Lower trendline of the Ascending Channel (Current support) • 193.708 (If the price breaks below the channel) Happy Trading!
Long
by SpicyPips
GBPJPY "Perfect Gartley" Point B retrace at 61.8 What is more important in this case is point BC also retrace at 61.8 This double 61.8 retracement is a perfect Gartley in Theory. There are also confirming sing for the short position. If we have a classic divergence when the price reaching the price tag that will be even more of a perfect sell set up. The RSI is expect to have a classic divergence getting into the zone and then REC ABCD down to do another Bullish classic divergence up to the upper channel again.
Short
by TraderGold888
1