GBPJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 182.680 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 184.271 Why we like it: There is a pullback resistance that lies beyond the 61.8% Fibonacci retracement...
Price is rising towards our sell entry at 182.67, which is a pullback resistance, slightly above the 61.8% fibo retracement and 100% fibo projection. Price could take out the liquidity first, and then react bearishly to the pullback resistance. Our stop loss is at 183.55, which is placed slightly above the multi-swing high resistance. Take profit is at 180.93,...
#GBPJPY | Potential Sell | Potential 3.12RR It is still early days here - but should price is looking to continue down overall so we are looking for a good short pullback opportunity. A nice Order block has formed here so we are targetting a rejection from this area. Look for a confirmation on reversal and then aim to take entry when exiting the order block. Aim...
Hello traders, ever since GBP/JPY was at 185, I had recommended selling with a target of 179( previous GBP/JPY ideas attached below). 📌Currently, the price action is quite bearish even in the hourly chart. 📌GBP/JPY is unable to go above the 100-hour moving average which is a bearish signal. In fact, every time the price pulls back to the 100H EMA, we see further...
Set up for GJ buy. GJ is ready to rally up for a long play. But as you know with news for USD at 8:30am EST ANYTHING CAN HAPPEN. I’m anticipating the buy but have marked up for a buy and sell. SL of 30 pips. Pleas change according to your trading plan! Peace….
Supply on GBPJPY for a short position. TP1 at 1:1 and leave a runner.
Will GBPJPY Move Down Further? The Bank of Japan sent the first and strong message. What will it create in the market? Why do they want "a quiet exit" from negative rates? In this analysis, I have discussed GBPJPY from a technical and fundamental perspective in this video. You may find more details in the video! Thanks and good luck!
Hey Traders, I'm interested in BUYS here if price retreats to Demand/Liquidity below and bounces. If price sweeps liquidity above 182.97 during pre London, monitoring price action for SELLS(08:00/09:30) with confirmation as there is a supply area above at 183.25. If price breaks support - SELLS. Either way, play it safe and wait for a confirmation that the trend...
GBPJPY is trading in ascending triangle on its hourly chart and the price has broken above the Breakout: 172.331. Target1: 62%%: 176.600 79%%: 177.750
GBPJPY has come into my point of interest after breaking my trendline. Possible one hour confirmation then I would personally make a decision.
Bearish indications: Double top formation. major resistance respected. Bearish engulfer candle from resistance. Bearish divergence from 15 min time frame. Down trend is intact LLLH. Trend line support has broken and currently towards retracement. Trade plan bias short @ 181.407 SL:181.563 TP1:181.258 TP2:181.080
GBPJPY - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GBPJPY Entry - 181.19 Sl - 180.30 Tp - 182.81 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello, according to my analysis of the gbpjpy pair, there is a high possibility of a downside. The price broke the double button pattern. With a very large red negative candle. It indicates the strength of the sellers. We also notice the rapid return to the bullish channel as shown in the analysis, but it could not get out of it. In the coming days, we expect a...
HEllo everybody buy gbpjpy from this price tp and sl in the chart good luck
GBPJPY got flatly rejected on our last idea as it peaked on the HH trendline and crossed under the 1D MA50 (chart at the bottom of the analysis). Even the Channel Up broke downwards and the 1D technical outlook is bearish (RSI = 38.762, MACD = -0.520, ADX = 38.784) officially. A new Channel Down has emerged, which shifted the 4H MA50 to a Resistance after the...
Hey Traders, in today’s trading session we are monitoring GBPJPY for a buying opportunity around 180.800 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 180.800 support and resistance area. Trade safe, Joe.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.