Gbpjpy_outlook
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More downtrend is possible in GBPJPYHello friends, I have been selling GBPJPY for the last 2-3 weeks now since 135.50 area. Although the movement has been very slow. I am trying to sell, take profit and then re-enter the trade on a Pullback.
This is my chart from yesterday where I expected price to drop from the 133.40 area.
Currently, we are 100 pips lower from that level.
However, I believe GBPJPY will drop to 130.50 area again later this week or early next week. So, I prefer to add to my sells in GBPJPY
GBPJPY buy with 50 pips slEnter in GBPJPY buy as expected fundamentally to go bullish and on testing the resistance it may come down, the second possibility which we are looking at although probability is low, if it crosses the below plotted zone then we are looking at a definite sell
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GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY PLZ LIKE & comment!
This pair is looking really good. We have broken out of our consolidation range and now we look to be heading down to retest support. I would like to see us push up a bit rejecting off previously broken support giving us a clean entry to take a short! Keeping a close eye on this pair!
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Definitely looking like bulls are In control. That being said I do see a lot of indecision in the market. Which is not ideal for taking a trade. We need to sit on our hands for the time being. We don’t want to guess what’s going to happen, we want to let it play out in our favor giving use a clean entry for a trade.
GBPJPY Bulls weak; possible short-term ReversalHello friends, if you analyze the daily chart, you can figure out that GBPJPY Bulls have been getting weak for the last 5-7 days.
Bulls can't clear the 135.50-137 resistance area.
Yesterday, GBPJPY printed a Bearish Candle in the daily chart. If GJ is unable to break the resistance area, then I expect a short-term reversal
and a subsequent drop to 132.50 area.
GBPJPY LOOKING FOR BIG BUY TREND AT 134.500.STAY WITH BIG BOYSGBPJPY may reach 132.350 and retrace for a big buy move.Our 1st buy target is 134.600.we can expect a retracement untill 133.760.Our 2ND targets will be 136.00 but it may goes risky because corona virus situation getting worse in GREAT BRITAIN ENGLAND.