Gbpjpy_outlook
GbpjpyGBPJPY
Here we have the chart of GBPJAY I am going to short from here because on the monthly time frame it touched the strong resistance And if we see one the other side we easily can see that GBPJAY running on the parallel channel and given breakout
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Thankyou
I hope from this trade you will get some green pips 💲💲🤪
GBPJPY preaparing for Short 200pips!!!What we see on GBPJPY is quite clear and nice, price showing bearish pattern just on the top, with strong momentum to down.
Sor far we waiting for price to show more bearish signals and ofc we wait for the price to be back to our strong resistance level which is drawn by orange area.
Finally set our 1:5 order and go with new trend ...
⚠️Take Max 1% of your capital on this trade⚠️
Lets see how price respects our scenario
Any question comment bellow
@FxShzd
GOOD-LUCK EVERYONE
GbpJpy can drop 500 pipsSince the beginning of March, GbpJpy is carving a rounded top.
Now the pair is trading exactly in pattern's support and a break here looks inevitable.
If such a break happens we can consider the formation complete and open sell position.
The target for the pattern is more than 500 pips down so 144 technical support can be in play
GBPJPY: Don't Miss This Zone!!!This is a brief update on my previous GBPJPY analysis.
Last week was extremely bullish for XXXJPY and many think the trend has to come to an end.
What many fail to observe are the nearby equal highs that need to be taken out.
I have illustrated what you can expect over the coming weeks.
Does this analysis match yours?
GBPJPY: Is it Time?Could we begin to see a slight retracement to this bullish week?
Price have trended to the upside non stop with no signs of sellers until today.
Sellers began to enter after we swept the liquidity from the equal highs to the left.
I think it's time for a retracement before we continue strongly bullish for NFP on Friday.
What are your thoughts? Let me know in the comments below.
GBPJPY FINALLY REJECTS RESISTANCE!!!After the sweet profitable uptrend on this pair, we saw price get to a resistance level and stall.
This is a 4-hour and daily resistance. After the stall came consolidation for a while, but now we see price leaving the area with bearish pressure.
We're joining the start of a possible downtrend now and will be looking for trade opportunities as the current level has been violated.
We'll wait for a pullback into the level before taking sells.
GBPJPY: Unbelievable SetupAs you can see, this morning price wicked into the demand area only to collapse.
This would suggest to me that the current break and re-test buyers will be wiped out of the market.
Once we see this liquidity taken, we can begin to buy into our area of interest.
Please see the related idea below to get a picture of what we are trying to do.
GbpJpy- Trade the breakAfter reaching 156 high, GbpJpy started to drop.
The drop is corrective in nature and has stopped in 149-150 very strong support
At this moment the pair is trading around 153 resistance and a break here could lead to acceleration to the upside.
I'm looking to buy for 160 target
GBPJPY ANALYSIS (sell)The price is failing to is finding resistance at the upper line of the ascending channel and is failing to create new highs.
In addition to that the price is also creating a head and shoulder top reversal pattern which when combined with the ascending channel setup
gives as a reason to consider for short trades. We set our pending orders below the current support line expecting the price to come there
and get us into the market. Our entry and exists are as indicated on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis.Invest wisely. Thank you for following NewJerusalemForex on Tradingview.