GBPJPY: Your Detailed Trading Plan 🇬🇧🇯🇵
Update for GBPJPY.
After a strong bearish wave, the market is correcting within a rising wedge pattern.
To catch the next trend-following move, wait for a bearish breakout of its support.
We need a 4h candle close below that to confirm the breakout.
A bearish continuation will be expected to 164.55 / 163.75 levels then.
Good luck!
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Gbp-jpy
GBPJPY - Top In Place!In our last GBPJPY analysis, we thought we'd make another high before reversing. However, it appears that wave 5 was an ending diagonal to complete the entire 5 wave move.
We are now looking for any opportunities to sell GBPJPY. On lower timeframe, we can look for corrections and sell on the breakdown of the corrections.
GBPJPY 8H
Trade Idea:
- Watch for the break of the current correction
- Once correction breaks, enter with stops above the correction
- Targets: 160 (650pips), 158 (850pips)
Goodluck and as always, trade safe!
Joe Gun2Head Trade - Head and shoulders top on GBPJPYTrade Idea: Selling GBPJPY
Reasoning: Head and shoulders top on GBPJPY
Entry Level: 164.15
Take Profit Level: 158.02
Stop Loss: 165.88
Risk/Reward: 9.46:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
GBPJPY Next Possible Move#GBPJPY ( British Pound / Japanese Yen )
- Following Strongly the Trend of BEARISH TRENDLINE and Rejection from it
- Rejecting from the DEMAND ZONE
- Support Level Reacting as the RESISTANCE LEVEL
- Selling Divergence
- Expanding Diagonal as a Corrective Pattern in Short Time Frame #STF
GBPJPY: Very Bearish Pattern 🇬🇧🇯🇵
Perfect bearish reversal on GBPJPY:
the price formed a head & shoulders pattern on a daily time frame,
broke and closed below its neckline then.
I think that the market will go much lower soon.
Next support - 160.05
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Joe Gun2Head Trade - Head and shoulders top on GBPJPYTrade Idea: Selling GBPJPY
Reasoning: Head and shoulders top on GBPJPY
Entry Level: 164.88
Take Profit Level: 158.04
Stop Loss: 166.23
Risk/Reward: 5.09:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
GBPJPY Potential for Bearish ContinuationOn h4, with the price breaking the ascending, we have a bearish bias that the price may drop form the sell entry at 165.212, which is in line with the overlap support to the take profit at 159.524, where the previous swing low is. Alternatively, the price may rise to the stop loss at 169.000, where the previous swing high and 61.8% fibonacci retracement is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPJPY Potential For Bullish RiseOn H4, with the price moving within the ascending channel , we have a bullish bias that the price may break the buy entry at 167.750, which is in line with the 38.2% fibonacci retracement to the take profit at 172.191, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Selling GBPJPY into a rally.GBPJPY - 11h expiry - We look to Sell at 168.70 (stop at 169.90)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
With the Ichimoku cloud resistance above we expect gains to be limited.
Preferred trade is to sell into rallies.
Our profit targets will be 165.20 and 164.00
Resistance: 168.70 / 174.20 / 181.10
Support: 164.00 / 161.10 / 158.70
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GBPJPY Potential For Bullish RiseOn H4, with the price moving within the ascending channel , we have a bullish bias that the price may break the buy entry at 167.750, which is in line with the 38.2% fibonacci retracement to the take profit at 172.191, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPJPY Potential For Bullish RiseOn H4, with the price moving within the ascending channel, we have a bullish bias that the price may break the buy entry at 168.354, which is in line with the 38.2% fibonacci retracement to the take profit at 172.191, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPJPY Potential For Bullish RiseOn H4, with the price moving across the MA of BB and stoch is rising to the resistance, we have a bullish bias that the price may break the buy entry at 167.330, which is in line with the 38.2% fibonacci retracement to the take profit at 172.243, where the swing high is. Alternatively, the price may drop to the stop loss at 164.733, which is in line with the overlap support.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.