Gbpjpysell
GBPJPY Breakout Short!GBP-JPY was trading along the rising support
But broke the rising support so I am locally bearish
And I think that the pair will go down
🔴 GBPJPY - 12H (20.10.2022)🔴 GBPJPY
TF: 12H
Side: Short
SL: ¥170.095
TP 1: ¥165.030
TP 2: ¥161.896
TP 3: ¥1159.364
This pair is at a strong resistance and looking overbought.
I think it will go down to around ¥160ish and then bounce up from there.
GBPJPY SHORT TRADE IF 167.8 HOLDS RESISTANCE!!Looking for a short to start the week if we see further rejection from around the 167.8 resistance.. very early in the week with London session still to come, we may create some momentum from there so no rushing into any trades... 166 immediate target with eyes on 160 if that can break...
GBPJPY EXPECT TO SEE A REACTION TO 168 LEVEL!Price made the move I was expecting just never gave me a clear sign to enter after been stopped at breakeven the first time. We are running into a huge area of resistance now at 168.000 so I expect to see price slow down from here, so ill be hunting some short once again if we see the right formations from there.
GBPJPY SHORT WITH 2 CONFLUCENCES List of confluences:
1: Trendline Breakout
2:Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 2 reasons as to why we will be looking to short/ sell the pair. The trendline breakout on the daily chart signals the end of a bear market rally. This is followed by the breakout of a key level
which has been holding for about 3 months since June 2022. With that being said we might see an aggressive sell of GBPJPY.
GBPJPY sell scalp idealooking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down.
We will see what price does and manage risk based on that.
GBPJPY top-down analysisHello 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.
Wed 12th October 2022 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPJPY shortBearish daily bias. Entered after price ran up to take out buy stops and rejecting a key level. Entry based on 2 minute price action.
GBPJPY shortOverall I'm bullish on the day, but this was an opportunity to take a short for this pullback to the daily support and demand zone.
GBPJPY Sell opportunity we are looking bearish confirmation on gbpjpy on mentioned area
than we go short on gbpjpy with proper money management
patience is the key
GBPJPY Downtrend Continues! GBP-JPY is trading in a falling channel
And as the pair is in the downtrend
I think that after the pair retests
The falling resistance and
horizontal resistance at 163.656
The move down will continue
GJ at an important level!I've been watching this level for some time now. We've been consolidating for some time now but I feel like this coming week is the week for the downtrend to start. We should get price flowing downwards now targeting the relative equal lows. Feel free to follow me and reach out!
GBPJPY Local Short!GBP-JPY is going up now
But the pair has hit a horizontal resistance
Level at 165.837 and despite the fact that I am bullish biased
We all see that the pair is overbought locally
Thus a correction from the level is a likely scenario
GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Press like button if you enjoy this content 😊
Thur 15th September 2022 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPJPY Daily OutlookGBPJPY pared most of its gains made yesterday on Pound sterling weakness.
GBP surged above the 1.15000 level after UK CPI data. It jumped to 6.3% on a yearly basis from 6.2% earlier.
GBPJPY READY FOR THE PULLBACK!Still eyeing off some shorts on GBPJPY, my last area didn't show and resistance so now looking for price to make a move down after slowing down at this consolidation zone, my best area for entry would be another rejection from the top of this zone. Be aware that price is still bullish short term.. So if I take a position I will be aggressive with moving stops to break even.
GBPJPY Bullish but soon pullback GBPJPY surged sharply on the bullish pound sterling.
holding above short-term 21-EMA,
RSI Testing 70 level if break more up
but scope pullback at 70
GBPJPY CLOSE TO SELL ZONE GBPJPY as I explained last update I wanted to see make a pullback from this zone and that's exactly what we got. Now we need to be patient and wait for confirmation on a right shoulder or another rejection from sell zone to take entry's.
GBPJPY SHORTS WAITING FOR CONFIRMATION!Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
GBPJPY SHORT TRADE IDEA!!!We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
