Recently, checking Marketmilk on Babypips shown GJ on a downtrend. The bear market has been steadying since Friday. If you'd like to take part in this downtrend, use proper risk management.
GBPJPY failed to break above 153.300 last week. And finally broke support on Friday, we will wait for a retest of support as resistance and sell price down to the neckline of the break out to fill the imbalance from a few week ago.
GBPJPY Short Setup Continuation trade: 👉🏻 Price has a potential to form a corrective ABC movement here. Previously broke below and tested the 152.550 area, we could see further sell off to the previous low of 151.300. Running trade
Everything is given in chart please trail your stoploss and follow your rules Thanking you
GJ is under a strong monthly resistance level. The order flow pointing bearish with GBP bearish with net positions being closed. Price is below a daily resistance level. If I see a bearish shift in Structure, I'll go short In this pair
Price might now complete the right shoulders exactly at 61.8 fibonacci level. I am going to try selling GBPJPY as i think we have one more wave to the downside. My target will be at the trendline supporting GBPJPY since 20 March 2020. Sell GBPJPY 153.00 Stop loss 153.90 Take profit 147.90 (5.6R) Use only 1-2% risk Good luck
Another pair that I will be watching for shorts, the Japanese yen has been a bit weaker lately so will be waiting for further confirmation on this trade idea
The main trend is downwards. price broke the structure of the retracement. A big sell of happened at resistance which created an order block. Waiting for price to touch it again before it continues to fall.
gbpjpy short : Reasons : 1)below my ema lines 2)nice pattern trend indicates down you can place a down trade now take profit : green line stop loss : red line
GBP JPY is making lower low lower high look for bearish confirmation on lower time frames and enter short with your own money management always remember money management is the back bone of any strategy patience is the key
I just sold Gbpusd, Gbpyen and Eurusd for a very high reward setup. it is simply support and resistance zones. your first target should be at least the 38% fib level taken on the four hour timeframe for very conservative and fearful traders.
Welcome back Traders, Investors, and Community! Hi Traders, GBPJPY on H1 has made a Double Top and rejected by a large red candle which indicates it’s going lower. It can go lower to 151.9 ⬇️Sell now or Sell at 152.88 ⭕️SL @ 153.31 ✅TP1 @ 151.9 ✅TP2 @ 151.17 ✅TP3 @ 150.20 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really...
as per technical aspect gbpjpy broke trend line resistance on daily time frame and market is back at the broken zone for a retest look for bearish confirmation on lower time frames and enter with your own money management alwats remember that patience is the key
again GBPJPY . you should wait for a new sell trend .
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (153.09). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (153.09). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade...