GBPJPY: Will Pound Yen, take a Pound'in? LOLHey guys,
Here is a short idea for GJ...
Enjoy and God Bless...
Poundyen
More Yen Strength? - GBP/JPY Ichimoku Short TradeThe yen has been gaining a bit with money flooding the typical safe havens during the end of the year and most likely with the help of the recent headlines.
I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level.
If we can get a good rejection there we should fall back down to our previous major price structure support I've laid out as my major target.
I've also drawn out a few partial take profit levels on our way.
If we fail to maintain o our bearish confirmations and trend, then this setup may become invalidated.
GBPJPY Sweet short correction after failed to rise above 148.000Assalamualaikum and Hye to All my followers and friends.
Looks like GBPJPY for Hour 1 timeframe has given us insight a clear upcoming breakout a-b-c correction. We will look for short for this awesome pair !
Our Strategy :
1) Short as long as price is below 144.397
2) Short whenever price confirmed the channel breakout - hour 1 timeframe
3) Stay short after price is clearly breakout 141.156
4) Place our stop loss at any price above invalidation ( 144.397 )
5) Target max profit at 136.970
Please comment, and tell me something anything ! Thank you for stopping by !
CHEERS AND GOOD LUCK !
Pound/Yen Finished the fifth wave ?Assalamualaikum and hye folks.
Its been a hell of weekend last week ! After election poll comes out, pound/yen gain bullish effect 400+- pips. Whew !
Lets see if the wave counting is still intact or not. my suggestion is still bullish.
Wait for the bullish breakout at price I marked, and the trade is yours.
Better late than never ! cheers !
POUND/YEN looking for correction Assalamualaikum and sup guys ?
Quite aggressive movement for GJ last weekend eh ? Well looks like bearish is on the mood for the lower timeframe - H1.
We will see how the market reacts !
Our strategy :
1) use stop order for buy
2) Or buy with market order at open market later.
3) always refer my invalidation proce for stoploss
Cheers !
GBPJPY - Path of least resistance is up...- Price is above the 200ma - favouring longs on the pair
- Looking at a measure move towards 150
- For a less agressive entry, wait for the hourly break of 141.53 / S: will be placed below the consolidation area
FX:GBPJPY
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
GBPJPY SHORTPrice is stuck at the 61.8 fib level and also tapped into a wick zone. Looking for price to drop back to the market structure level and also a 3rd tap on the trend line which also lays on a fib level before continuing long. We could expect a stop hunt before we see this move.
Could This Be The Rally?I have been waiting for a reversal to start the rally on GBPJPY for wave 3 on the weekly time frame. I think this could well be the turning point. A break of the blue trend line will confirm the reversal but I am already looking for an entry point.
Happy trading!
Linton White
JP Markets
South Africa
A short movement on EurjpyLooking at a short sell on Eurjpy before a strong buy to the upside from my support level
GBPJPYW- After being stuck for two weeks, the consolidation zone was broke, last week's candle broke and closed above the wicks.
D- Zone broken, needs a re-test, double bottom.
4H- selling to re-test level, 38.20% or 61.80%
Overall, I'm looking to go long since the reversal has formed, HH's & HL's. 148.00 is the target!
GBPJPY- 5,500 pip drop looking imminent (no hype)If this move fulfills it can happen very quickly, within a year.
GBPJPY CYPHER PATTERNAnalyzing this pair made me notice an obvious Cypher Pattern C Leg Completion, very easily if price breaks and closes above our C (1.41%) in the Cypher Pattern then this Trade Idea is invalid. On the bright side we can look for shorting opportunities at the Daily Resistance Zone we are very close to. Using Structure and Reversal Pattern Confirmation we can find a Low Risk and High Reward Trade in either scenario.
GJ (GBP/JPY) oversold 2hr o/iGJ (GBP/JPY) oversold at my DeMarker, RSI EMA, MACz-Vwap indicators & oscillators and indicators, at MA's triple, exponential and etc. are "bullish" at Fibonacci 0 (135.371) support since high resistance of 1(200.925) of mid 2015. Entry at low fractals and PSAR for dip-buys lows.
Pound Still Bearish ProjectionAs you see on the chart H4 above, GBP JPY still have negative oscillator and waiting to complete bearish impuls waves......
£ YEN 141.88Every time we get a heavily oversold RSI on my key MACRO levels, we get a nice rally. I will be taking profits at 141.88 first. We will have a strong rejection there as its the top end of the Supply and Demand MACRO time frame level. Will scale up as we go along, if the trendline stabilises I can see it going up to 142.8 but no further than 143.6 if we get a sipke, we will be hitting the counter trendline again so 143 is my max TP target.
141.8
142.8
143.7
GBJPY Bounced off Support, more Rise expected!In my previous idea, I advised about buying GBPJPY at 143.80-144.10 area. As you can see, the price has moved up after hitting the area that I mentioned. If you have already bought at the support area, you can hold the trade for 145 and 147 TP.
Others can see the lower time frame and then go long.
For FREE SIGNALS, charts, and analysis, check my signature link at the bottom of the page.
Counter trend break and retestPound weakness needs to be capitalized on. The political uncertainty around Brexit is at an all time high and the pound is showing weakness despite strong employment and CPI data sets.
Technically the currency pair is exhibiting strong bearish signals. On the daily timeframe price has dropped below the 50EMA and 200EMA signaling a high probability of a continuation after the retest of the broken trendline. For more information please visit my youtube video.
