On the H4 time frame, prices are in a descending channel and a pullback to the resistance zone at 164.50, in line with the 78.6% Fibonacci retracement and 100% Fibonacci extension presents an opportunity to play the drop to the next support zone at 159.50. Stochastic is facing bearish pressure from the resistance at 97.37 as well where we could see a reversal...
GBPJPY gained sharply above It has shown a minor decline despite upbeat UK CPI.
the pair is holding above short-term 21-EMA, 55 EMA, and long-term 200 EMA (162.13).
Hello traders!
✅ This is my trade on GBPJPY .
Here I expect bearish price action as price took out liquidity above previous daily high and rejected from bearish orderblock + institutional big figure 163.000.
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GBPJPY has rebounded strongly from the low of last week.
It has made a high yesterday and is now showing weakness at the current level.
A sell trade here will allow us to challenge the 160 lows.
RSI divergence present and stops just 50 pips above.
Price retraced to premium of the supply that caused the strong bearish move, ChoCH already occured on m15-m1. Entering a sell limit at the OB that caused CHoCH on m1. Risking just 0.5% First TP is 1:3RR
Hello, it has been quite a while! Price has hit 61.80% and on major structure that's reversal on major structure, so am expecting price to prz levels that's 50.00% to 38.80% and fill up previous candles on the left which are the big candles then move to -27.00% and -61.80%, filling the candles at the left although when price approaches in between, 23.00% & 0.00%...
Hello traders, in today's trading session my team and I are monitoring GBPJPY for a selling opportunity below the 160.604 price level, once we get a bearish breach the pending order will be activated.
Pip Regards, DayBot6.
PS: Kindly COMMENT on what you think of this idea. Also LIKE, if you do.
GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Overall trend is bearish for gbpjpy. Last week this pair has broken below the blue trend line. Now is running below SMA50 as well. Macd is below 0 which is indicating bearish mode on.
I am bearish on GBPJPY.
Trade well and wisely.
Price is below weekly and daily pivot. There is a break of counter trend ascending channel with strong 1hr bearish break candle. Bigger overall descending channel. Last week 4hr candle closed as bearish engulfing. 1hr bearish pin.
Yo familyyy
This is what I'm looking out for on GBPJPY
Price movement was unstable last week until the CPI news added little volatility to the movement on wednesday.
Kindly watch video till the end and comment your thoughts below👇👇
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GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Midterm forecast:
While the price is above the below 162.124 , beginning of down trend is expected.
If Monday long bearish candle appears then most likely our next target will be around 159.60.
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Trade Plan: S/R Flip
Weekly:
BBWP is at 20.63%, price could potentially be looking to break out this week or next, previous break out on the weekly the BBWP was at 14.24%
Daily:
Price appears to have made a support and is likely to continue pushing up to 163.700, if price can break above this, we could see levels of 166.103
4hr:
Price has formed support around...
GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Yo guys,
This is my view on GBPJPY, Lets see if prce will obey the setup
Kindly watch video till the end and comment your thoughts below
ALWAYS REACT TO WHAT YOU SEE
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