This is a short term setup as we've got divergence on the RSI and rejection of a key level. We may drop to the green zones for a potential long entry.
This is the time and place to press this one! The Weekly
GBP/JPY have been respecting the green upward trend line since last month. The price failed to break above the key resistance level. I expect GBP/JPY to undergo retracements and the price to fall until the key support level or until it comes close to the trend line it follows. Once it fall i expect it to buy gain till the previous resistance level that it failed...
Similar to GBPUSD, this pair is making it's way closer to a strong sell zone. In fact, there are two sell zones in close proximity. On lower time frames (2H + 4H) we can see price has been slowing down, accumulating buy orders and pushing up towards these key levels. From the two supply zones, the lower one is weaker and both are untested. Keep an eye on price...
GBPJPY BEARISH DEEP CRAB PATTERN Market Sell Order Set Up. Sell Entry: (143.623) Min Take-Profit: (142.368) Max Take-Profit: (141.585) Stop-Loss: (144.553) Max Risk-Reward: (2.19) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Hello Traders, here is the full analysis for this pair. Watch strong price action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in USDJPY .. I still did my best and this is the most likely count for me at the moment .. Support the idea with like and follow my profile TO SEE MORE! Traders, if you liked this idea or if you have your own opinion...
I'm going short on GBPJPY!! Risk less on this trade, We have some JPY news coming up in a bit.
Price action is turning bearish at a strong sell zone.
As we can see on my previous post for gbpjpy running well here we go the third touch for the trendline already happened i just aggresive entry for sell , good risk to reward and high probability thankyou
GBPJPY, has a Strong Resistance, Strong Trend line, and price action calls healthy pull back!
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money...
GBPJPY is back in a reactive sell zone. We saw a strong push to the downside this morning and it's now pulling back on the 5min, 15min and 30min timeframes. Providing this zone holds strong as resistance, we look at price action for entry for a possible sell to the downside.
The price has reached a major resistance level and tested multiple times failing to break above it. I expect the price to once again fail to break the key resistance level and fall until it reaches the yellow support zone or the next key support area. Adding on to the confluence I can see a potential double top pattern forming near the Major resistance zone...
We have here another potential short setup on GBPJPY. This research is for informational purposes and should not be construed as personal or financial advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Mind-blowing opportunity to go short.... ...Take it into consideration anything can be possible to happen, if it breaks up the resistance level this idea would be failed. You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
gbpjpy today retested the doubble top as i have posted my analysis 2 days before . reason to sell : 1. bullish trendline is broken and is retested now, coincidence is that this retest worth and for doubble top . 2. buyers are failing to make a new higher high. 3. price is showing wicks at fibonnaci level 0.718