Gbpjpy_outlook
GBPJPY D TECHNICAL ANALYSISWe short this pair from current level and book profit at 145 range.
Let's Watch !!
Short 150.85 Target weeky support at 147.9 (295pips) SL 151.83I shorted the Gbpjpy Friday night ,i no have time to post at that time ,then i just thinking about today to why to not post it..because have room for again enter in.
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In technical analysis i see a possible H&S and even the weekly support is right Far ,usually when a price Breakout this kind of strong resistance the AT suggest that he will pullback on for bounce more up after. so i think with the h&S formation is good to try it.
Also i got a kind of RSI BEARISH DIVERGENCE in H4 chart
In fundamental.
Carney talk abour rate hike yes but they alredy talk about it before so i thought market have priced it already.
Brexit sill confuse topic and not all line in good ,it still again a little mess
missed his GDP forecast even other data are very good
The gbpusd fail to pass the resistance many time at 1.3610 and even he still on bullish trend short/middle time,he have room to consolidate more.
the usdjpy dont know wher eto go is in range since 3days and i think trump administration,fiscl policy details and maybe again NK will weight on this cross
so i just think i may wrong like all trade we do but i wanna try this idea,with a good MM and ration
Short at 150.85 in 2 lot
Target 1 at 149.50
Target 2 at 147.90
Slop loss at 151.50
Risk reward 5=(ration) = 1/3.0 who is i think attractive
In long term on other post i am long,when this trade is reached ..:-)
GBPJPY Watch break outWatch break out for sell setup. Price is in middle of nowhere, if you are trading yen pairs, perhaps consider this one )
It is my trading experience, not a trade call or signal.
Good luck & trade with care!
GBPJPY Medium TermGBPJPY price action contained in a multi-month bullish channel and broke out 2017 highs,I am short GBPJPY at 150.92- i am looking for a bigger swing to play with a target in view 147.63 (38.2% fibonacci retracement/my 1mo moving number) & a prior support turned resistance area. My stop is currently break even now.
GBPJPY VIEW We have two view on gbpjpy
First Gbpjpy make head and shoulder pattern , if hold right shoulder then sell from below and tp is 148
2nd view is if break right shoulder and upper trendline ,
then this pair going long first tp is 152.70 and tp 2 153.50 and tp 3 is 155
Good luck and trade with care
Asad ullah
Potential Head & Shoulders on GBP/JPYIf this pattern completes, the daily zone (green area) where the breakout occurred recently will finally be re-tested. Look for a candle to close below the pink zone on the 1H chart or the blue zone on the 4H chart in order to short the pair down to this area. The rule of thumb for trading a H&S pattern is the distance - in pips of course :) - between the head and the neckline is how far down you will set your take profit.
What is your analysis of GBP/JPY currently?
GBP - JPY (Outlook)It seems the price will go down but we are not sure, it would be coming up and retest and going down again but we need for more confirmation so we are waiting for good signal then go in If this level was broken will go up if not will go extremely down.
Good luck! :)
GBPJPY Playbook - Will 139.000 Key Level Hold?
As GBPJPY approaches the 139.000 key level, I am looking for a bounce or a break. If price bounces then we will be looking to go long with an initial target of 141.000 and an extended target of 142.000.
If we see a break of the key level, I will be waiting for a re-test of the 130.000 level to confirm its validity as resistance and set a short targets for 138.000, 137.000 & finally 136.000
I will update this idea if an actual trade setup forms.
GBPJPY SHORT The price broke a stronger main trend line , now the price is doing a pullback. I'll sell for sure
GBPJPYThree patterns working bearish MACD divergence. It is very interesting that there is a confluence in fill of bullish bat and bullish crab at demand. I will look for short entries on daily basis. Key levels and TLs I will look for are on the chart.
GBPJPY Short Trade!Hello traders,
There is a nice trading opportunity to short GBPJPY.
As shown in the chart, once the entry point line is broken using a strong bearish movement, you can short!
However, if you want to have your risk/reward to be higher, you the pair can be shorted now with a stop loss at 147.8
Goodluck!
GBP/JPY - 300 Pips+ Long Term Short Opportunity GBP/JPY showed first signs of important weakness. It has moved down under all the ema's on the hourly chart to make it an important movement and could very potentially be a trend continuation pattern.
If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term.
Always trade after your own analysis as well as risk/money manage properly.
Happy trading and wish you the best!
GBPJPY : ELW analysisGBPJPY : I think it is the TP of A and now will sideway up or retrace for B
PLAN:
I will wait for SELL at 61.8, 78.6 of A Stop loss at High of A
Please share idea if I wrong.
Bearish outlook GBPJPYSelling once we break the channel and the green line, best wait for a 4hr close under the green line before taking positions.
GBPJPY - Daily Tech UpdatedThe GBP is on the verge of breaking out, both against the USD and the JPY; the USD is also looking to post a breakout against the JPY, which would further support the GBPJPY pair breaking above 148 level and begin its way into the mid 150s. My concern is that any risk aversion could lead to quick reversals and increased vols. Keep an eye on fundamentals as this weeks' data was not too supportive of the pound.
GBPJPY - WEEKEND ANALYSIS - POSSIBLE SHORTSHi All,
Here is my weekend Analysis on this pair. Please note that this is only a guide I do not trade in the weekly time frame.
Happy Trading.
GBPJPY: Possible 390 Pips Big Move Up With a Weekly Outlook!Hi traders, after coming back from a nice 200 pip profit from the previous GBPJPY trade I'm looking for another 390 PIPS to the upside even tough the main trend is down.
I've bought from the 23.6 fib as seen on the chart above and I'll long it until 61.8 to see how it reacts to the resistance line ,
a break of that would most likely mean that the bulls are back and we can expect to reach our TP3 target =145.400
My bias for this pair is still bearish and it will remain so as long as the 143.30 (71.86 fib) resistance remains intact , if it breaks then we can expect further upside to 145.400 to be realistic.
Reasons to buy:
Currently the pair has formed a nice Bullish AB=CD pattern and is probably making a correction.
The MACD has crossed the signal line which indicates a buy signal
Double Bottom
Touched the 140.6 which is a very important support , indicates possible trend change!
Bullish butterfly D leg completeion near the 140.6 support line
Keep in mind that the Japanese Yen related pairs tend to be very risk sensitive. This is probably one of the most risk sensitive pairs, so having the stock markets rally simultaneously is a huge help for this market which can move 100 pips in the blink of an eye.
The UK elections are tomorrow aswell at the time of writing, so have that on your radar because we can expect some big volatility !
