GBP/JPY (must watch idea)gbpjpy is going in a middle of a sellers zone .. and there is tow ideas .. we will know we the break (in/out) happen...
good luck every one ..
Gbpjpy_outlook
GBP/JPY hits the channel resistance, possibility of a dropGBP/JPY has rallied strongly yesterday. However, the bulls are taking a breather now.
Looking at the 4 hour chart, you can see that price has reached the channel resistance.
If this bearish price action persists, selling GBP/JPY@153.75-154.25 with SL above 154.70
and TP at 150.50 would be a possible sell set-up.
GBPJPY - Collapse IncomingThe collapse of GBPJPY has been brewing for a while now. Liquidity is being purged as we come closes to the previous highs, freeing up space for the banks to make a move.
Ideally, I would like to see one more push up before we begin to target some of the higher lows that have been created on the way up.
GBPJPY: Sell??This is my favourite pair.
Waiting For Touch Fib 0.5 and entry Sell Soon
If you have any idea leave comment below and dont forget give like.
Thanks
GBP/JPY Buy idea, bullish candle at the supportOverview - GBP/JPY was in a correction and consolidation phase for the last
couple of weeks. However, on Friday, a big bullish candlestick was printed on the daily chart.
Can this be the start of a new uptrend? Let's analyze
Analysis - From the chart, you can see that price is still above the 100 day moving
average, which indicates the uptrend has not been broken. The recent down wave is merely a
correction. After many days of consolidation at the support, a big bullish candlestick has formed
on the daily chart. Thus, the likelihood of a new uptrend brewing is reasonably high now.
Probable trade set-up - Based on this, if the positive momentum is intact,
a buy @149.90-150.20 with SL below 149 and TP at 153 may be considered as a potential buy signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
GBPJPY - Dip and BlowThis pair is yet to tap into the low of the Asian Range, although it is trading within its most recent order block, I do think it is likely that a sweep of the lows will come before we begin to target some upside levels.
According to market sentiment 55% of retail is selling GBPJPY.
GBPJPYGBPJPY - Took entry based on the break and retest of support turn resistance (12 pips SL, 36 pips TP)
GBPJPY Trading Idea GBPJPY is in a strong uptrend so in my point of view we need to see a pullback to this area of value and to see some sort of rejection hope you like il be glad to see your opinion about it
I'm still a beginner though if you want to give some advice il be happy.
Strength Continues in GBPJPY MID Term Target Still In Play GBP/JPY Has been great to trade the past few months sticking with Our MAJORS CURRENCY HEAT MAP which we update daily & share for FREE.
We have been able to focus on one side of the MARKET at just being a BUYER of this PAIR.
There has been no reason to look for SELLING this pair as JPY has remained at the bottom of the MAJORS along with CHF, for a good while now.
GBP STRENGTH has been consistent too leading the board along with AUD.
Out of the EUROPEAN majors GBP has left EUR & CHF behind. It's strength against these two can easily be seen in both EURGBP & GBPCHF
Therefore we remain with out BULLISH GBP bias & are trading it against selected weaker MAJORS currently they are GBP-JPY and GBP-CHF
Since retesting 149.400 last FRIDAY 05/03/2021 GBP JPY has continued towards are MID term TARGET at 153.150
There was also a very clean and text book break and RETEST re-entry trade offered on Tuesday 09/03/2021 when last weeks high was retested.
GBPJPY LIVE ANALYSIS 07/03/2021We percieve the GBP still maintains it strength from the previous week....According to COT data the GBP is stronger than the JPY,
Therefore we are expecting a drop down from the current position to 149.013 levels which will serve as our entry for a long position.
NB: Risk management highly advised. thanks
GBPJPY - Previous High WipeoutThe most recent high got purged aggressively before reverting back below the structure. I would like to see price hold below the line marked to follow the arrow down to a lower timeframe order block.
This could present a small fade opportunity on this large upwards trend.
Quick scalp (20 pips) on GBPJPY- 04March2021Please look at the chart for the trade breakdown and do comment your views on it.
GBPJPY Higher & Back On Track Heat Map▪ SELL JPY & CHFGBPJPY BREAKOUT & BACK ON TRACK FOR HIGHER prices
Patients Pays When you know which way the tide is flowing no need for guess work
GBPJPY - WHERE IS IT GOING NEXT?HOW MANY LINES DO YOU DRAW ON YOUR CHART TO UNDERSTAND WHERE THE MARKET IS GOING NEXT?
I am not a big fan of messy charts, full of lines, channels, Fibonacci, blablabla... The list can be really extensive.
For FX:GBPJPY pair, it has been rising for the last 4 months, non-stop.
We can see RSI indicating it is overbought and OBV showing divergencies vs price movements.
It has also reached a strong resistance trend line, coming all the way from 2016.
It has also touched a strong resistance level, which has put the price down on the last days of February.
On top of that, it has reached the top of a rising channel. Which I expect to hold and drop the price to support levels.
My take is that price will revisit this strong resistance level and continue its way down...
Nevertheless, it needs a correction from the 4-month rise.
I expect next week to form a strong red candle.
WHAT IS YOUR BIAS?
Please share with me below.
HOPE YOU HAVE A PROFITABLE WEEK!
Let's go!
