gbpjpy , The artwork is nearing completion , Until this moment, this deal hits ✅✅✅ three tp and On its way to the fourth ✅✅✅✅ with total profit ✅✅ 580 pips and it still running , only 70 pips more and we all done
GBPJPY has been trading inside the given Channel since the start of February 2020. The currency pair seems to have entered a correction phase . i expect to see further correction till 50% fibonacci level . But since there is a parallel support zone almost at the 38.2% fibonacci level , i will be taking 154.9 as an initial Target level !
however , the price will...
Hi everyone this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY has still got plenty of legs to keep moving to the downside, so i am expecting a pullback to the order block zone and will be looking for a sell trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only...
Got some nice positions on this pair yesterday and took 50% profit at 153.500 then got stopped at breakeven with the remainder. Ive entered shorts again off that 154.000 resistance and hoping to see price attack that support again at 153.500 and possibly lower, bit of a slow week so will be taking some profits again at 153.500
We've hit a 61.8 D extension to the downside on the lower timeframe.
Looking for a pullback, structurally that looks to appear around 155.
When price retests this resistance and I receive confirmation for an entry, I'll be looking for sells.
GBPJPY - Intraday - We look to Sell a break of 152.79 (stop at 153.11)
Broken out of the channel formation to the downside.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 151.87 and 151.67
Resistance: 53.40 / 153.80 /...
GBPJPY has broken above and retested a major weekly/monthly resistance. the next target is 162.430 (also matches Monthly 200EMA lvl). SL is below last lows (triple bottom on 4H T.f) (⚠️If you want to be safer, you can place your SL way below the support, at 155.100. My account's risk allocation doesn't allow that so i went for a smaller, but still structurally...
Price broke above and rejected that 155.950 daily resistance level, multiple daily wick rejections as well as what can be identified as a triple bottom on the 1H prompted me to take the trade. The final trigger for was that mini support/resistance level on the 1hr (156.450) getting rejected. I put my sl right below for 20 pips (which is a bargain for GJ) totaling...