Hello everyone, I am shorting GBPJPY 25pips sl and 100pips TP, close to DAILY POI
Since 150 recent low on 20 December, GbpJpy has risen strongly and has gained 600 pips. At this moment the pair is trading exactly in a strong resistance zone and normally this would be a good sell signal. However, considering that GbpJpy is a very volatile and, more importantly, a trick pair, I expect a spike up before the drop. A clear sell signal is given by a...
This is my idea about GBPJPY next move which you can see it in chart Uptrend is broken and a pullback happened
Hello everyone, my view on GBPJPY, U can see everything on chart :) January will be bearish for most of the pairs imo
Hello everyone, I am shorting GBPJPY as u can see. We had BOS now it is doing bearish flag and I am aiming at support
As the downtrend has ended the price is expected to easily correct 61.8% of its previous move
Got stop-out 152.50, but am considering re-entering due to the fact that stochastic is high, and we are kind-of gravitating around FIB re-tracement level 152.57. For now will re-sell 152.75-153.00 based on high stochastic level. However, if we confidently trade beyond 153.00 it may be the start of uptrend once again.
If you look carefully at history, we have 5 BOTTOM pattern. Considering that, and the minor risk of selling, I think we will see low 138.00. Sell current 150.00-150.50 and place stop-loss above 152.50 (its medium term strategy). Profit 139.50 for now. The MACD is kind of neutral turning negative, and stochastic RSI is negative.
Looking to see if price is going to make more rejections out of the resistance for a possible short trade back to major support level and lower, so I will be watching price for another spike up where I may take the rest of my profit.
The pound yen is forming a wave 4 correction and I think the bottom may be in for this move upwards. However wave 4 correction can be messy so please control your risk in your trade. The stop loss at 149 looks like a safe one and we are targeting 152.5 for an exit.
Hey tradomaniacs, looks like GBP/JPY wants to continue its downtrend after the recent retest and strong rejection. Good opportunity to short with a HIGH RISK-REWARD.
Hi TRADERS 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 as you can see in our previous week chart on the GBP/JPY we predicted a nice sell trade so i am expecting a pullback to the order block zones and will be looking for a sell trade look for pullback to zones lined off on...
The British pound fell a bit last week as we have seen a major “risk off” attitude approach the markets. All of that being said, the market is very sensitive to risk appetite as the Japanese yen is considered to be a major safety currency, while the British pound will gain against it in times of “risk on.” At this point, it looks like there are serious cracks in...
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
Looking at a intra-day short position from around 154.000 on GBPJPY. Stop loss will be moved to cover trade once price reaches around 153.600.
GBPJPY Sell analysis on timeframe H1 based on naked chart trading system...