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Gbp-jpy

GBP/JPY:DOWNTREND | NEW SWING OPPORTUNITY | SHORT ⚡️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
2
GBPJPY on a triple top 🦐GBPJPY on the daily chart is trading near to the recent highs. The price after a 3rd rejection by the resistance structure dropped.to the 163 area and might move below it within this week. How can i approach this scenario? I will wait for the EU market open and search for a break of the support. In that case, i ll be looking for the Plancton's strategy to set a nice short order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
GBP/JPY Short analysis 280-300 pips possibilityThe overall trend for GBP/JPY last couple weeks is for short. I've made this analysis considering various elements in technical analysis which have been respected and some zones that the price has been rejected into aswell in the past. Couple of chart patterns such as support/rezistance, trendline and fibonnaci have been respected in this analysis, so there is a high probability in the next couple of days for this pair to continue the down trend. Any comment/suggestion is welcomed .
by KRDX
GBP/JPY Outlook (8 July 2022)The GBPJPY had been trading between the 162 and 165 range, due to the USDJPY and GBPUSD trading within their own wide price range. As discussed in the GBPUSD analysis, the outlook for the UK looks bleak, with price of the GBPUSD trading below 1.20 and further downside expected, the GBPJPY could be taken with it The aggressive approach would be to look for selling opportunities if price closes below 162. Alternatively a safer trade, would be seek a selling confirmation only if price breaks below 0.61. Significant volatility is to be expected below 161, with the next key support level at 157.00
Short
by JinDao_Tai
1
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart is trading bear to the recent highs. The price after another long bullish impulse might be looking for a retest of the support area at the 0.382 Fibonacci level. How can i approach this scenario? I will wait for the EU market open and search for a break of the support. In that case, i ll be looking for the Plancton's strategy to set a nice short order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart is trading at the recent highs. The price after another long bullish impulse might be looking for a retest of the support area at the 0.382 Fibonacci level. How can i approach this scenario? I will wait for the EU market open and search for a break of the support. In that case, i ll be looking for the Plancton's strategy to set a nice short order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
20
GBPJPY Weakness -- is this the End of the Monthly Trend?We are getting to the end of a monthly elliot wave cycle and I am expecting a reversal and distribution pattern to play out. I am not going to try to catch the very top but wait for a stop loss hunt/UTAD to play out. I do think we should see exhaustion of buyers soon. The peak in volume and evil wick we got recently I am taking as a sign of weakness, buyers stepped in but volume is diminishing and diverging with price since then.
Short
by b0_b0
3