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...
Confluences: 1: Stop loss hunt at previous high on weekly chart. 2: Price heading towards high of the year(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair Summary: Price is currently over extended and has been moving in a up trend for 2 weeks straight. We...
Market structure shift at the top of Daily range with intent to go lower. LTF confirmation needed within the red zone.
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 /...
Bearish wave coming soon gpyjpy will go down up coming days just and enter here to sell market . thanks @CFTA-Chittagong-Forex-Trading-
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...
FX:GBPJPY price need to goes down until .38 or .5 to rest then goes up again
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...