GVPJPY To Take Another Look at 150In this update we review the recent price action in GBPJPY and identify the next high probability trade locations and price objectives to target.
Gbpjpysetup
GBJPY SELL ANALYSISLooking at GBPJPY on 1H timeframe
Currently looking for potential Sell positions
Price has broken the trendline and currently retesting the breakout
GBPJPY CASE STUDYIn this case study im showing how the market moves towards liquidity and supply and demand zones.
GBPJPYHello traders. Negative divergence in daily timeframes is evident in the price, and a new bottom that is lower than the last bottom in the uptrend, so I expect the price to fall at least to the previous floor. If you agree with me, do not forget to like.
GBPJPY Targeting 160 TestIn this update we review the recent price action in the GBPJPY and identify the next high probability trading opportunity and price objectives to target.
GBP/JPY Broke Up Trend Line , New Chance To Sell It After RetestThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPYHello traders. I expect the price to complete the 5 motivational wave and go at least to its previous level. Are you agree?
GBPJPYGBPJPY has Risen After GBP DATA RELEASE !
Therefore the the zone in which it just entered can encounter a long Potential REVERSAL from the ZONE .
Short GBPJPY I will keep my bias on sells because on the following reasons:
1- Price is currently at Weekly Fib level 0.382, which is also a major resistance zone;
2- Double Top Pattern (4H);
3- 1 Engulfing bearish candle " (4H);
4- MA 18 and EMA 8 are crossing to the down side (4H);
5- MACD is losing strength and starting to give sell confirmation (4H).
6- On the Daily and 4H I see a Descending Bearish Continuation Triangle
NOTE: Price might react with NY opening.
GBPJPY 4H ProjectionGBPJPY 4H Projection
My view on GBPJPY for 4H.
GBPJPY is falling in a downtrend
Which is a LOT for such a major pair, especially given
That the bulk of the action happened in the last few weeks
So the pair is locally oversold
And I think that those who are in the short trades
Are looking for a level at which to close their positions
Trading Idea Regarding GBPJPYThis pair was strong bearish last week and i believe it will continue its bearish behaviour for the next week
1-Bearisg Flag Chart Pattern
2-Heading towards strong demand area on daily time frame
GBPJPY SHORTThe Safe heaven currency is setting up for more strength due to high tensions in Europe. The DXY is getting stronger as well and might see a correction or a pull back. Getting short when the price reaches the marked zone. Best of Luck!
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY continuing on from last weeks trade i can still see this pair falling down lower so only looking for a short
so i will be looking for a pullback to order block zones to take a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please follow like and comment thanks
GBPJPY Is Heading Higher In Five-Wave GBPJPY seems to have completed Elliott Wave 3-3-5 regular flat pattern correction in circled wave 4. The wave (c) of 4 perfectly hit 123.6% fib extension + 4-hour order block.
The breach of the green level will indicate that the correction has bottomed and the price is resuming higher in wave 5 of iii.
What's your view on GBPJPY? Let me know in the comment.
Thanks.
GBPJPY Reaching Weekly Resistance / Volume ClusterGBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.
GBPJPY Double Top TestIn this update we review the recent price action in GBPJPY and identify some high probability trade locations to take advantage of!
GJ PREDICITONGJ retested on the .62 IPA then pushed all the way down, was not expecting that. if you go on the 4H TF then you will see an IPA on the 4H it could retest there in order to continue down to hit the daily OB (gray box)
GBPJPY SellThis is my idea on GBPJPY
If price broke support level 149.287
we can expect price to keep falling to support zone 142.691
What do you guys think?
GBPJPY Analysis and Trade Idea Dec10thGJ has bullish momentum. I am looking for a pullback to one of the two order blocks below price.
Look for a tap and go if it retests one of the OBs.
