Get started

Gbpjpy_outlook

GBPJPY potential long ideaThe GBP were under pressure since the begining of May and we have witnessed some singinficant downtrend. The price action is at a major level and created a new lower low but within that downside channel which this pair has been respecting for a while now. Price action has touched and bounced from the trend line. I'm expecting a few more touches on that line followed by a bullish candle so that we can go long from here and target the upper band. On the 4h chart we can see clear bullish divergence which is a plus. That ticks alomst every box and just to be sure we need a few touch followed a bullish engulfing candle (It can be on 1h or 4h) before going long on this. Pure rule based trade hence there should not be any trade should it not meet the criteria. I'm bearish on this pair for long term but we can have short term long on this pair for now. I have marked the tp and sl for you as well. Please let me know your thoughts. Trade safe and good luck.
Long
by BannaKhan
GBPJPY-- Market Video Analysis (Bangla) Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view. We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free) Never Trade alone we really hope you enjoy All trade.. Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _______________________________________________________________________________________________ Thank you for your support!
by morshedul-munna
1
More downtrend is possible in GBPJPYHello friends, I have been selling GBPJPY for the last 2-3 weeks now since 135.50 area. Although the movement has been very slow. I am trying to sell, take profit and then re-enter the trade on a Pullback. This is my chart from yesterday where I expected price to drop from the 133.40 area. Currently, we are 100 pips lower from that level. However, I believe GBPJPY will drop to 130.50 area again later this week or early next week. So, I prefer to add to my sells in GBPJPY
by TraderAvDM
44