GBPJPY broke and closed below the psychological level at 160.000. The market rejected the resistance by creating a double top. Price is most likely to go down from the level because we have the same price action. Look left. We expect a sharp bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GBP-JPY is trading below the Falling resistance in a downtrend So we are bearish biased And a move down Is to be expected !
Sell Idea. This is how I look at this Price action. Looks very nice for selling
GBP JPY Short TP SL as shown Disclaimer* Not Financial Advice
Correction was shallow. Price bounced off a little below 23.8% retracement. For several hours, it compressed to give way to clear signals of buy. From here, we can expect bulls to try to break yesterday's high of 161.85. If bulls are successful, we'll see 162.70 to 163.30 if not today, then tomorrow. From 163.30, we can expect the bears to come in.
as i was about to close my eyes my alarms started going off for GBP/JPY im looking for a Massive move to the Downside, i do NOT know if its going to happen now, but i have a Plan and am Prepared for this market to give us a Sniper entry!! Disclaimer- information shared is for educational and demo purposes only, please master and practice proper risk management...
On this pair, we are still looking for buys, cause the Pound to use is to showing strength, and the Jpy has not showed any sign of strength.
Details on chart - looking to continue the bullish bias of GBPJPY and create new HH's
Trading Idea : British Pound vs Japanese Yen { GBPJPY } * * The major cross-pairing is nicknamed "the dragon" and is considered to be a barometer of the global economy. In periods of economic and market stress expect downward pressure to be exhibited. As a safe haven currency, the Yen finds support in perids of political and economic uncertainty. Energy prices are...
GBPJPY H1 GBPJPY in this timeframe, we are waiting to buy opportunity, but we should find an excellent area to buy near 50 percent
pivot points levels for Standard, Fibonacci, Camarilla, Woodie's and Demark's are supplied. All technical studies are available in different time frames.
** BEFORE I BEGIN, ALLOW ME TO APOLOGIZE FOR ERASING MOST OF MY DRAWING. I know it would have been more beneficial to leave it but I'll leave it from here on. ** So for this one, I started on the monthly and worked my way down until I could find a nice entry point. On the monthly, I noticed structure and marked off the closest SD zones in relation to the current...
After doing a top down analysis GBP/JPY is looking to break out above previous structure high and take off. We have seen the market test and retest the same resistance area for quite some time. Looking to take buys above 161.65 after the market pushes to the upside and a clean retest of that area. Wait for break and close above 161.65 on the 4h to confirm long...