It looks like there will be something interesting if you look at the trendline on the H4 timeframe. If you draw a line from below, it will be seen that a Fake Breakout has occurred. But if it is a breakout then the decline will reach the 165 area, becoming a strong support determining area to return to the positive trend.
#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat STRONG as VIX...
OANDA:GBPJPY Long Trade Setup Support & Resistance Level. GBP JPY Retest the Support level again. Buy Limit Order Placed. If price touch our level then our Order is execute.
The GBPJPY pair lost the positive momentum after stochastic attempt to exit the overbought areas, to rebound bearishly from 161.00 level and settles near 159.90, while the current rebound is considered as a threat to the continuation of the correctional bullish track due to the stability of the additional support at 158.70.
Therefore, we will keep waiting to gain...
Dear Traders,
The overall Monthly and weekly trend for GJ is Bullish.
However, last weeks we saw big volatility and sideway movements, respecting the bullish sentiment though.
Due to the above, I am bullish till the psychological level of 168. It can buy back up to 168.8 in my opinion but I prefer to set
realistic, faster and safer targets.
As usual, I put...
hello, as I said yesterday GJ is at critical area where it has tested for support, resistance in the past(1 week) major structure, but price eariler today touched the minor weekly trendline, and retraced little but still maintaining a bullish momentum. So i want to see price break trendline and retest . but always set alerts at your trendlines to avoid impulsive...
GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
GBPJPY 4hr long
buystop @ 154.837
TP #1 @ 155.378 72.92% wr
TP #2 @ 156.150 41.67% wr
SL @ swing low 152.951 12.50% hr
WR and HR determined from past trades
More trades like this on my profile and on bifrosttrades.com
Hi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY has been going sideways now since 30th November it is showing us combustion and is ready to explode out of order block
when this meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks...
