Remain short and keep stop-loss around 157.80 for now. If a new sell strategy, SELL 156.70-157.00 if reached. The MACD is on the verge of becoming negative and we have ample room down. For now keep profit order at around 155.27
GbpJpy has had an incredible run in the past 4 weeks, with the pair gaining almost 800 pips. However, after reaching the 158 zone, GbpJpy started to consolidate in what seems to be distribution. At this moment the pair is trading slightly under horizontal support and a clear break can happen At least a correction could follow from now on and my target is 152.50...
The sell strategy suggested so far is working well. No change in view, SELL 157.00-157.25 (but you can adjust it at your own if needed). The stop-loss can be moved lower 157.85 for now. The profit order 155.37. The Donchian clearly shows the upper boudary and stochastics are negative giving the change for the move down.
After analysing the current market conditions and seeing the longer term price action I believe GBPJPY will drop. Price has been distributing since March 2021 and we have seen price range since then and thus I will be expecting a huge move. Over the last couple of weeks I have noticed price re-distributing as a possible LPSY for market to drop. Overall GBP is...
No change in view. Stochastic still negative. SELL 157.00-157.25 for a move to 155.37. Stop-loss 157.90-158.10 area.
I am currently in a sell in GJ and I would like to add to the sells when I see a confirmation of downside continuations. If price can break and retest all of the zones then I will add more sells. My tp would swing all the way down, however, I will be taking partials at each zone. My stop loss will generally be 30 pips however looking at how market reacts and price...
GBPJPY has taken help around 200-H MA and shown a minor pullback. The pound real pared a large portion of its benefits against the US dollar. Any break above 1.3600 affirms further bullishness. The UK has announced one more 141472 day by day cases lower contrasted with the earlier day-case 179756. The intraday pattern of GBPJPY is bullish insofar as help 155.70...
The SELL so far working, and now we place stop-loss 157.85. The stochastic RSI is negative, and MACD (not shown is turning negative, but not as yet). New trade, SELL 156.90-157.10 with stop-loss 157.85 and profit order 155.28 for now.
A sell trade after the retracement of fib31.8. A short position to 154.442
Hi TRADERS this is my trade set up for the GBP/JPY for the new week ahead GBP/JPY i will be looking for a pullback to order block zones and to take a sell trade This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
FX:GBPJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
Pound pairs are getting ready to make a huge shift. Risk small...Happy trading
No change in view. The GBPJPY has gone a little to fast and too far. The stochastic RSI is turning negative. The RSI is overbought but not extreme. The NEW MOON phase usually indicates the trend will change as well. Strategy SEL current 157.00-157.25 for a move to 155.25 short-term. Stop-loss suggesting above 158.25 for now.
Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze GBP/JPY a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities. My...
The run-up has been impressive, but now it starts becoming a rich move. The RSI is high, and the stochastic (even still bit positive) starts also looking overdone. The Heikin Ashi number of green candles are also impressive in numbers. Strategy is SELL 157.25-157.75 in small increments, and place stop-loss above 158.50 for now. Profit potential is below 155.00.
From a daily outlook, GJ has been on a bullish run for about a month now. At present, the pair is approaching a 3 month high at 158.00 after extensively breaking through 156.00 - Very much likely, 158.00 might offer some resistance to price, providing a logical shorting opportunity for a deeper correction on the impulse leg down to the most recent high at...
According to Fibo Retracement The price hit the 61% Fibo level Resistance level