Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair continued the down trend, its target price for the down trend will be at 131.18. Follow a proper...
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and put 1 more sell limit order on ~137.25 targets: 132.1 - 131.3 - 130.3 after first target reached move ur stop to breakeven stop: above 138.2 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if...
Good Day Traders, I present this neat, and simple mark up of GBPJPY which formed a nice Head and Shoulders Pattern. Price broke out of the neckline and closed beneath and now doing a re-test of the neckline before Tanking down for 30+ pips to support. I will enter after a bearish engulfing forms after the retest candle closes.
GJ failed to break above previous support and also gave a fake breakout of 136.049. If price breaks current level of support, it has the potential to create a right shoulder of an inverted H&S pattern near the 133.800 level.
Will be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry...
Waiting to see if this short can fill up some space down below. At least 24 pips.
Currently, GBP/JPY is trading at 137.22. The pair started a new down trend on 8th June after breaking support level at 138.29. The price is forming a lower-low-lower high pattern and moving towards its first target, which is at 135.99 and its second target is at 134.57. Do follow us for future Forex trend analysis. Thank you, Rishikesh Lilawat
Great week ahead! sending many blessings to all in hopes that EVERYONE is profitable and EVERYONE is taking some time to breathe. PLEASE TAKE THE TIME TO READ. A lot can consume ones mind, but we must not allow these thoughts to define who we are. We all have the ability to be the best versions of ourselves RIGHT NOW. most people fail at trading as even with...
Currently price rejecting 139.700 region. I'm expecting price to retest around 134.500 - 135.500 before trying to break 140.000
Further bearish potential on this pair to marked levels. Entry, stop loss and take profit levels have been marked. Do not risk more than 2%
Hi all, I have attached our previous analysis below where by price achieved our take profit levels. GBPJPY overall is still looking bullish so we may have another opportunity to enter long again. i will be looking for price to move bearish first to our marked entry before we see a potential bullish impulse move. Entry, stop loss and take profit levels have...
in my previous analysis of GBPJPY () the resistance is meant to be broken and hopefully all the above resistance could be broken in the rally, almost all currencies rally against the JPY safe haven in the coming weeks. Since lockdown is been eased in almost all part of the world
Hello ! Here we can see that the price is at the moment at very key level. The price was very strong resistance zone. I will go SELL without waiting to be completed this and the next candle. Good luck. If you are agree don't skimp on like button.
Hi, 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...