GBPJPY confirm 270 pipsGBPJPY is creating a reflex impulse on the Daily chart so we are expecting a big fall to 130.600 from the current point
Gbpjpy_outlook
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Lookin pretty good, looking to see if we can see a nice push to the downside giving us a clean entry to take a long.
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY PLZ LIKE & comment!
This pair is looking really good. We have broken out of our consolidation range and now we look to be heading down to retest support. I would like to see us push up a bit rejecting off previously broken support giving us a clean entry to take a short! Keeping a close eye on this pair!
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Definitely looking like bulls are In control. That being said I do see a lot of indecision in the market. Which is not ideal for taking a trade. We need to sit on our hands for the time being. We don’t want to guess what’s going to happen, we want to let it play out in our favor giving use a clean entry for a trade.
GBPJPY Bulls weak; possible short-term ReversalHello friends, if you analyze the daily chart, you can figure out that GBPJPY Bulls have been getting weak for the last 5-7 days.
Bulls can't clear the 135.50-137 resistance area.
Yesterday, GBPJPY printed a Bearish Candle in the daily chart. If GJ is unable to break the resistance area, then I expect a short-term reversal
and a subsequent drop to 132.50 area.
GBP/JPY, Update on the pairGBP/JPY fell down like an apple from a tree and smashed our 1st Take Profit. 2nd Entry was closed manually when it reached the first structural Level on H4 Timeframe.
GBP/JPY, expect a Drop of the priceAfter GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
GBPJPY 85% confirm entry in sellGBPJPY will pull back on the daily chart giving us a good chance to earn
GBPJPY great trade coming aheadGBPJPY is overall expected to go bullish but still there is a 45% chance of pull back either if the zone is broken in any direct we can surely enter in that direction and gain some good pips
GBPJPY LOOKING FOR BIG BUY TREND AT 134.500.STAY WITH BIG BOYSGBPJPY may reach 132.350 and retrace for a big buy move.Our 1st buy target is 134.600.we can expect a retracement untill 133.760.Our 2ND targets will be 136.00 but it may goes risky because corona virus situation getting worse in GREAT BRITAIN ENGLAND.
GBPJPY, SELL on H4- GBPJPY might reverse it's trend
- We got to see an impulsive move
- Now wait it's time for corrective move and then go up again
- Use fibo 50-61.8% for target
GbpJpy- 50% Fibo is the keyAfter a 1000 pips correction, GbpJpy has encounter resistance and 50% Fibo of the previous leg down.
135 could be the top of this correction and the pair could drop at least 500 pips from this point.
Looking to sell
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 134.713 where it could potentially drop further to 129.655.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
London Daybreak Trade Idea GBPJPY London Daybreak GBPJPY
Buy Stop :
Entry : 133.254
S/L : 132.954
T/P : 133.554
Sell Stop :
Entry : 132.954
S/L : 133.251
T/P : 132.651
GBPJPY CONSOLIDATION AREA BROKE, GO LONG!Hi Traders,
I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind.
I see a strong uptrend on H1, H2, H4. The price broke 50EMA upwards at128.716, that confirmed the uptrend. After consolidation, price broke upwards from the last consolidation area at 134.000. Closed above it. Now i go long.
I put my stoploss at 132.830.
I won't use take profit in this trade, just let it run till the end of the uptrend. I will post future ideas when will I close this trade.
Let's be successful together.
Follow me for new ideas, I'll appreciate your follows.
Have a great day ahead,
Benjamin
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Looking like the bulls are still in control. I wanted to see a bigger retracement to the downside giving us a cleaner entry for taking a long but that didn’t happen. When it comes to trading you can’t force things. You need to have a trading plan because failing to plan is planning to fail and more importantly you need to STICK TO YOUR PLAN. It does look like we are retesting support, we need to see how we react around these current levels.
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Looking very interesting, I would have liked to see GBPJPY come a bit lower and reject off the 61.8 fib we got close but we technically didn’t reach it. Similar to the gold long last week that I was looking at we seemed to have rejected right before it. I am keeping a close eye on GBPJPY for possible longs soon I believe we could push up to around 134. As I just said I would have liked for us to come a little lower and give us a clean rejection off the 61.8 fib but that might not happen and we need to be adaptable.
