GBBJPY SUPER BearishGBPJPY Market Structures Super Bearish on Major Time frames H4 and D1,
only look for Sell setup with proper Risk management and Stop loss.
Happy trading.
About British Pound / Japanese Yen
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
Next price for GBPJPY?The price of the GBPJPY pair may retreat to the POI area, therefore we will have buy positions up to that POI area, this trade will be a trade placed against the trend.
SELL TRADE SETUP ON GBPJPYHey Traders,
Check out this technical analysis on GBPJPY.
GBPJPY is currently trading with bearish momentum by staying below the broken bullish trend line.
So anticipate a retest of the broken support level and consider entering SELL positions.
Keep a close eye on this; it could play out in eith
GBPJPY WEAKNING OF BUYERS AND POSSIBLE REVERSALHello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !
GBP/JPY Falling; Where Next?GBPJPY alike many other JPY pairs is retracing on short falls and a change in market mood.
Key areas of support exist lower (visible on higher TF's as shown) but will require a continued downside movement.
This is what to expect after such a long rally.
GBPJPY 9/12/66
📈 GBPJPY 📉
Sell Setup 🔻
H4
-Bearish Trend
- SZ
- Fibo 61.8
- POC
🔔Confirmation
- PA Sell Breakout and retest
- QML
w1 Demand zone | GBPJPY Short-term pull back (risky)GBPJPY is at demand zone(nested daily in weekly demand zone) there is a possibility for a short-term pull back, since GBPJPY is at extreme holding long is risky.
upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone.
W1 and w2 zone are the two demand zone in c
GBP JPY Short oppurtinityGBP JPY is moving towards 180 and below area.... have a short and then switch to buy from there
good luck sports
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