GBPJPY Breakout Both Cloud and TriangleGBPJPY surged drastically and hits a 4-week high on a weak yen.
Technically in the 4- hour chart, the pair is holding above short-term 21-EMA, 55 EMA,
Gbpjpysell
GBPJPY Wait For Breakout! GBP-JPY is trading in a downtrend
In a narrowing bearish pennant pattern
So IF we see a bearish breakout
Then we will be able to go short
With the confirmation
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.
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GBPJPY Re-Testing Triangle BaseGBPJPY consolidating in a narrow range between 163.56 and 160.80
If break down triangle further down trend
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.
GBPJPY Resistance Cluster! GBP-JPY is trading in a downtrend
And the price is about to retest a resistance cluster
Of the falling resistance and 162
That of a bearish flag pattern
So after the retest we will see a move down
GBPJPY trade idea (THU - 18/08) : SELLThis idea has been revised.
GJ at broken down a number of times after having come off the Point of interest.
I am personally late into this trade but it can still be taken with good profits (RR: 5.39)
I mapped out an ideal second entry and exit strategy, in case the second order blocks should fail to be respected.
Enter at your own discretion.
GBPJPY edges above 21-EMA GBPJPY gained sharply above It has shown a minor decline despite upbeat UK CPI.
the pair is holding above short-term 21-EMA, 55 EMA, and long-term 200 EMA (162.13).
GBPJPY 200-EMA SupportGBPJPY pared most of its gains on the strong yen.
Technically in the daily chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 EMA (159.45).
GBPJPY ForecastMidterm forecast:
While the price is above the below 162.124 , beginning of down trend is expected.
If Monday long bearish candle appears then most likely our next target will be around 159.60.
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Short GBPJPYShort GBPJPY @ 163.30
TP: 157.88
SL: Will keep an eye and most probably cut this trade above 164.60 area.
We saw a dovish hike from BOE which cause a sell off in GBPXXX currency which was all reversed on the back of the US NFP print (which doesn't really make sense). I would think this GBP rally will be short lived and I expect sterling to trade weaker in the coming weeks.
Some technical resistance at 163.30 fibbo lvl. Support comes in at 162 area ... below that there is 160.40 area and then finally our TP at 157.88.
This trade offers a great R/R ratio.
Good luck ;)
GBPJPY sellThe market is in Divergence mode better to look sell opportunity in it. Every high is best price for selling.
GBPJPY Selling Scenario Next WeekWrite in the comments all your questions and instrument analyses that you want to see.
Friends, Hit the like button, write a comment, and share with your friends - that would be the best THANK YOU.
GBPJPY Short 30 minGBPJPY created a bullish chanhe of character ( Choch )
I'm actually waiting fot price to sell into the Demand zone left behind before the change of character for mitigation .
I'll be looking forward to buy from there.
price also just gave us an opportunity to sell into the demand zone before we finally buy.
follow for more analysis.
Stefan FX...
GBPJPY Sell opportunity gbpjpy like other jpy pairs make an false breakout out and immediately down to our area
now we are expecting the market can go way down so must catch the wave down
look for bearish confirmations on lower time frames and sell GBPJPY with your own money management
always remember patience eis the key
GBPJPY possible sell zone, UPDATED!!GBPJPY has formed another bearish engulfing pattern after breaking down from a symmetrical triangle pattern. The price is showing another possibility of a drop from this level as the price has just started a local downtrend and drop to monthly support.
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.
GBPJPY Sell Set UpThe price looks like it's around .618 retracement. Risking 1.5% on this trade. Between this setup and my Audjpy setup, I'm risking 1.5% with all my TPs clear on the chart. Let's see how this goes :)
GBPJPY Price Action CloudGBPJPY has formed double bottom around 163 and showed a nice pullback.
The near-term resistance is around 165,
GBPJPY SHORTGBPJPY analysis update and I’m seeing it’s going to move for +150 PIPs to the downside ✅
GBP/JPYVery simple ... Very clear
Another downtrend has begun.
This is my personal opinion. Please do not trade based on my analysis and data.
GBPJPY Sell opportunity GBPJPY first broke the trend line than broke a support
now market is going to retest the broken support which become a resistance now
wait for the retest of broken structure and look for bearish confirmation on lower time frames
than sell GBPJPY with proper money management and risk to reward
patience is the key in the financial world
