Potential short on GBP/JPY Pay attention to what we explain and point out in our technical analysis.
looking for sell on GBPJPY, price is being pushed down toward the liquidity pool below
Even tho the trade is going pretty well JPY index doesn't look like it's reversing. Holding the trade might be risky that's why I put my SL on BE. Let's see how it goes. What do you think? LQP = Liquidity Pool DBR = Drop Base Rally demand zone 2WT = 2 Way Trap
GBPJPY on the 4-hour timeframe has broken its uptrend. It's time to take a short position, right?
In analyzing GBPJPY's current position at 188.999, it's striking to note its resemblance to the levels observed back in August 2015. During that period, the currency pair experienced a substantial downtrend, plummeting from 189.504 to 129.788 by November 1, 2016. This historical context suggests a significant resistance zone around the current price point, echoing...
Weekly=Bullish. Daily=Bullish. 4H=Bearish (waiting for shift of structure) Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Spotting bearish signals on GBPJPY: A bearish channel and a potential head and shoulders pattern emerging. Waiting for the right moment to execute a trade at the Right shoulder. #ForexAnalysis #BearishTrend
GBPJPY / 1D Hello Traders, welcome back to another market breakdown. GBPJPY has been trading in a trading range, the price seems to be failing to break higher from the last swing high. I'm expecting more weakness fro the coming weeks on this pair. Trade safely, Trader Leo.
As we see on h4 chart , trendline broken by making double top. I am expecting 400-500 pips move from here to downside. Also on monthly chart price very close to monthly strong resistance at +- 195. Need to bullish power to retest it. That is why i am thinking GBPJPY will go down next 2 weeks.
GBPJPY - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy GBPJPY Entry Level - 188.99 Sl - 188.34 Tp - 190.25 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Forecasting a run above liquidity area looking to short
Looking to Long GJ at 187.600 Currently seeing some strength in the Pound markets. In terms of technical perspectives, Confluences Intra KL 50D MA 61.8% Fibo TDI over extension from H4 to H12. Alignment with other JPY pairs is present too. Catch you later traders ▲
GBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and...
Double Top Spotted on GBPJPY with Bearish Divergence.... Bearish divergence spotted with double top. First LH & LL are formed, I can see a retracement on fib 0.5 level which creates the second LH. Will place a sell stop order under the LL to be on safe side. Sell Stop: 188.170 Stop Loss: 189.872 TP1: 186.510 TP2: 184.807
Hello Traders! This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share...
This pattern usually indicates the end of a trend and the beginning of a new one. It's worth keeping an eye on as it offers a good trade opportunity.