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This is the time and place to press this one! The Weekly
GBPJPY short, trend continuation setup. You can review and give feedback.
This is likely drop to 132.50, on it's way to 110.00! It's already wicking here, like crazy!!
GJ could head down below 136.000 and then make its way back up.
This is one of the ready currencies that will move heavy momentum in this week.
Looking forward to buy GBPJPY, Head & Shoulder forming ahead.
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.
Currently, GBP/JPY is trading at 138.08. The pair may start a new down trend if it breaks the support level at 136.45. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 134.22 and second target price will be...
Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its 1st target price will be at 133.42 and 2nd...
Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair continued the down trend, its target price for the down trend will be at 131.18. Follow a proper...
Our view on #GBPJPY for the next week
Currently, GBP/JPY is trading at 137.22. The pair started a new down trend on 8th June after breaking support level at 138.29. The price is forming a lower-low-lower high pattern and moving towards its first target, which is at 135.99 and its second target is at 134.57. Do follow us for future Forex trend analysis. Thank you, Rishikesh Lilawat
Previous target reached. Waiting for a retracement to enter another sell position. A
Short signal still valid for #GBPJPY. The trendline was broken and "the brave" could have opened a short from there. We prefer to miss a good opportunity to make a better trade with lower risk. The better trade could be from 137.00 Area, which is a good Fibo confirmation level. SL 140.370 TP 129.280
Possible Short trade on #GBPJPY. We have to wait for the Elliot wave to be confirmed in point 5. As 137.00 touched (that's Fibo 61%) we can go short BUT let the price breaks the trendline first. ---- Entry 137.00 SL 140.37 TP 129.29