GBP/JPY is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
Hi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support.
I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP...
GBPJPY Daily :
We can clearly observe a structure made on the daily time frame with a descending channel to the downside targeting the point of 127.200-127.00 area. That area is in line with the daily support as well. On this specific time frame we can see the overall movement as we have been seeing a downside rally since March. Please await for the price to tap...
#GBPJPY #USDJPY #EURJPY
Hello to all watching my charts
This pair is still sooo short ; exact like my last post from
a fey days ago ,as the short brake has startet.
I will show you here that really all ! timeframes are short
which is little bit rare.
My longtime channel (BLUE LINES , as you know...)
short since 26.7.
My middletime channel (RED LINES) also...
Hi everyone. Please refer the explanation in the image. I'm seeing a potential (strong) Bearish setup on its way based on the current market structure.
Target ENTRY at the Confluence Area. TAYOR and let's see how this goes.
HAPPY LABOR DAY!
We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected.
GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally.
From the chart, I would like to point out 3 things:
(To receive signals, ideas and updates, don't forget to check...
I am expecting GBPJPY to continue its bullish move with potential of reaching 145.58- 145.96 before pulling back to 143.21 -142.81 And from there I am expecting it to drive back up to 149.89 region. Please note that this is just my analysis and not a trade advice for anyone. Let see how it will play out soon.
ON THE WEEKLY PRICE JUST BROKE OUT OF THE RISING WEDGE AND IS CURRENTLY DOING A PULL BACK FOR A BEARISH MOVEMENT TO THE 125 LEVEL.
ON THE DAILY CHART, PRICE IS IN A TEXTBOOK DESCENDING TRIANGLE
ON THE 4HR CHART, THERE IS AN INTERSECTION OF THE RESISTANCE AND A TRENDLINE AT THE 150 LEVEL, i AM HOPING PRICE WILL GET TO THAT LEVEL AND THEN TURN BACK WARDS.
Idea for educational and study purposes. Trade at your own risk.
GBP/JPY has been in a very strong bear market over the past couple of weeks, with price reaching lows since March 2018; sentiment toward this market is very bearish. Price continues to fall well below the 50 MA. As price reaches a new low it has tested previous support. The Stop Loss is placed at the...
Area of interest 143.443 ~ 144.000 for short term sell (next week or two). And at 140.65~ 140.9 we'll be looking for a buy again.
- Fib at 50% @ High 10th/May/17 and Low 14th/Apr/17
- Another 50% Fib @ High 31st/May/16 and Low 7th/Oct/16
- Forming a classic ascending triangle
- Structure shows 143.75 to be a key level that acted as support and...
My bias for this pair is short since it's in an overall downtrend at the moment and a rejection of the 61.8 fib would confirm further downside, however a break of the 144 resistance with trendline break would turn my bias bullish as illustrated on the chart.
I'll be waiting to see how it reacts to the 61.8 fib, in the bigger picture I'm expecting a rejection of...
We are currently in consolidation around the resistance level of 129.671. Looking for Monday if we break-below / close-below it would be a SELL opportunity down to 127.038. If we do not we will trend price action up to 133.316.
Will keep you updated on action!
Check out this outlook video for this weeks for GBPJPY:...