Greetings Fellow Traders: We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance... It did hold pretty well... But wow factor is that we mentioned 172.87 as our Target 🎯 And rest you can see by yourself Congratulations to those who took benefit out of this analysis
GBPJPY - H4 - This pair blew up earlier riding the weekly uptrend and didn't give any pullbacks for traders to jump in. I'm expecting a nice sell off on this pair now down to a daily buy zone.
The pair may experience to complete the minor wave 5 of the corrective wave (b) up to 1.236-1.382 fib extension of the micro wave 3. When validated, the pair may then drop to resume the corrective wave (c). #elliotwaveforecast @marketpainterPH
Head and shoulders formation on the weekly might signal strong bearish sentiments in weeks ahead, look out for more sell opportunities, patiently waiting for the price to break the current zone and close below.
GBPJPY IF price retraces then I'm looking for a strong sell in between 135.000 / 135.500
FOREXCOM:GBPJPY NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see market is in a bearish flow. We can see that price has broken the support zone and may likely retest the support turned resistance as a common pattern of impulse correction impulse. REMEMBER: THE MARKET MOVES...
Simple price action aalluding to a possible GJ short on the books. Look for price action to signal bear and rejection of the mark area then look for shorts.
Hi fellow traders. GJ ended up not adhering to my last trade idea, so I did not place any orders. I think if this new red line proves to act as a resistance trend line, we could see a pullback. Looking to take profits along the way. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading...
Simple price action alluding to possible H/S forming on both 30m & 1H. Look for right shoulder to form before taking short positions.
The Pair is trading near critical levels at the moment. after analyzing the wave structure i believe there is still a missing leg to take place in the near term targeting 139!! level soon. to finish the grand 3 waves pullback. short positions are from current levels!!! Good Luck !!!!
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 !
Gbjpy - monthly and weekly charts calling for big downside I'm seeing 132 before a pullback in pound yen.