If the peace beak the 140.45 zone the Tp for the sell will be 140.25
Feel free to follow me on tradingview for daily analysis! Patience zone means: If price gets there look for a confirmation before entering the trade.
GBP/JPY has been pushing higher since the start of July. Last week price ran into a weekly descending resistance zone, where bullish momentum faltered and even reversed during trading on Friday. The first day of the trading week, yesterday, was also a bearish day, which we are interpreting that bears have entered the market. As price is pushing higher again in...
Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! GBP/JPY: Daytrade-Preparation Market-Sell-Order: 138,560 Stop-Loss: 139,150 Target 1: 138,090 Target 2: 137,600 Target 3: 137,220 Stop-Loss: 59 pips Risk: 0,5 % - 1% Risk-Reward: 2,30 ...
Hello my friends, I previosly posted about the chance of GBPJPY making a broadening wedge pattern. Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well. I am closing my previous buy and cut my losses at138.90 for -20 pips. At the same...
After reaching 140 zone for the second time in the past 2 months, GbpJpy rolled back and is trading under 139 at the time of writing. I expect this resistance to be strong and for the pair to drop to 136.50 in the medium term. In my opinion, rallies should be sold and only a daily close above 140.50 would change this outlook
Looking forward to buy GBPJPY, Head & Shoulder forming ahead.
Wait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a SELL limit.
Hi Traders, - In the GBPJPY 2H chart above, price is trading within an ascending wedge pattern. - Price made a multi-touch on the upper trendline which is suggesting deceleration of buyers. - I will be watching out for the breakout of the green levels on the chart which will also lead to the break of the ascending trend lines for short entries. - Price has the...
Currently at the top of its range, if support is broken then we can sell
Potential trade idea Sell GBP/JPY @ 138.39 Target Profit 136.55 Stop Loss 139.90
Price has made a double top and is consolidating in the highlighted area I am waiting for price to break and retest before selling
This is my short idea that is soon to reach entry price. I expect another push down past the first bearish move today. If you like this idea please follow for more currency and commodity trade ideas.
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