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Gbp-jpy

GBPJPY D1: Bearish outlook seen, further downside below 164.50On the Daily time frame, prices are approaching the resistance zone at 164.50, in line with the descending channel’s resistance and Fibonacci confluence levels where we could see a reversal below this area to the support target at 156.80. Failure to hold below the resistance zone at 164.50 could see a push up to the resistance target at 167.90. Stochastic is facing bearish pressure from its resistance as well where we could see limited upside before it reaches resistance at 96.70.
Short
by T3-Consultancy
Selling rallies on GBPJPYGBPJPY - Intraday - We look to Sell at 163.00 (stop at 163.90) We are trading at oversold extremes. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be 160.40 and 158.70 Resistance: 162.15 / 163.70 / 165.60 Support: 160.60 / 158.70 / 155.60 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
GBPJPY H1: Bearish outlook seen, further downside below 165.20 Prices are facing bearish pressure from its daily descending trend line and resistance zone at 166.20 where we could see further downside below this level. On the H1 time frame, a pullback to the resistance zone at 165.20, in line with the 38.2% Fibonacci retracement presents an opportunity to play the drop to the next support target at 163.60. Stochastic is testing resistance at 95.20 as well where we could see more downside, in line with prices.
Short
by T3-Consultancy
5
GBPJPY Potential for Bullish ContinuationOn the H4, with prices moving within an ascending trendline, we have a bullish bias that price will rise from the buy entry at 164.337, where the 5previous swing high resistance is to the take profit at 166.296, where the swing high is. Alternatively, the price may drop to the stop loss at 161.390, where the overlap support 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.
Long
by VantageMarkets
1
Joe Gun2Head Trade - GBPJPY to roll over?Trade Idea: Selling GBPJPY Reasoning : Rangebound in the short term. Looking for a move lower. Entry Level: 164.60 Take Profit Level: 161.82 Stop Loss: 165.20 Risk/Reward: 4.57:1 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.
Short
by Signal_Centre
GBPJPY Trade according to these levelsThe GBPJPY pair has previously formed an Inverse Head and Shoulders pattern (IH&S) that hasn't yet fulfilled its levels. The reason is the Lower Highs trend-line that has been formed since the June 09 High. Only a break above that level, which caused a rejection yesterday, can initiate a new bullish wave, in which case our targets will be 168.535 and if the Channel Up breaks, then pursue the 1.5 Fibonacci extension of the IH&S. Until that happens, we are on a short-term sell, targeting the Higher Lows trend-line. After that, only a break below the 1D MA200 (orange trend-line) can justify further selling. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
GBP/JPY:REVERSAL HARMONIC PATTERN | SHORT SETUP Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Short
by DAY_PROFITS