GBPJPY short speculationGBPJPY is in a bearish trend according to our indicator.
Selling either at CMP or after a minor pullback.
Gbpjpy_outlook
Will GBPJPY Beak 145.000 & Continue Lower?I think we will see more bearish movement in all GBP pairs. Let's see how next week turns out!
We could have another retrace back higher testing near trend.
GBPJPY dropping nicely from resistance, potentially more bearishGBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 94% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY - going longGBPJPY 4 hour chart is potential bullish. walking smoothly on support line. Minor correction is expected, use proper RR.
Please hit "LIKE" to support.
Vinny
GBPJPY Setting Up Nicely For A PlungeGBPJPY is right on major resistance and is setting up nicely for a plunge from here.
Sell below 149.86. Stop loss at 150.76. Take profit at 147.14.
Reason for the trading strategy (technically):
Price is seeing major resistance below 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop from here could push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support, Fibonacci extension).
Stochastic (55,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.
GBPJPY ELLIOTT WAVE ANALYSISPeriod: short term
Pattern: wave 3 of 5 (motive wave)
Expectation: started wave 3 of 5 heading to new low
GBPJPY - Short opp.Hello traders,
I am sitting tight to grab 200 + pips on this soon.
this is not a trade setup, it is only a predicted direction of the market
Thanks!
GBP JPY Trend Changed?GBP JPY Has Broken the uptrend Channel from March 2018. An strong bearish trend in Daily Chart as well. i will Short only after the pullback at 151.300 For TGT of 149.400 with the STOPLOSS of 152.213 which gives us Risk to Reward Ratio of 1:2.
GBPJPY BullishForgot to upload this chart earlier. i entered this position around 70 PIPs before. Adding more long position for GBPJPY i love using 4 hour chart, you can plan your entry using smaller time frame and pull back.
Please hit "LIKE" to support.
Happy Earning
Vinny
Short GBPJPY under 153.000Today the GBPJPY should have turned back, by completing the 5th wave. However, due to the tension between the superpowers GBP has become a kind of safe-haven. If tomorrow or early next week the tension will ease, the pair should turn back towards, 148.000. If the tension remains, be prepared for 156.000.
This is only opinion, make your own analysis.
Be careful and keep an eye on the news an Twitter accounts. Good luck.
GBP/JPY Long Term Sell OpportunityIt seems GBP/JPY almost reached it's resistance. There will be a good opportunity to go bearish the price If the market breakout's it's direction price between 152.048 to 151.283
GBP/JPY - 400 Pips Short OpportunityGBP/JPY does not seem to have the force to go up higher. It can potentially break it's current support and head further down. Sell the breakout!
GBPJPY Buy and sell IdeasA break above 151.23 invalidation level for my analysis would mean more upside, this could be a nice short opportunity coming if it stays below.
GBP/JPY Sell OpportunityFrom the Bullish Channel trend. GBP/JPY Reached it's resistance @ 150.380. Now there is a good Opportunity to Sell until price @ 149.000
GBP/JPY Technical Analysis Current trend of the GBP/JPY Bulllish channel reached it's Bearish Support price @ 147.890. Now there are two possibilities for market breakout
* Current market price of the GBP/JPY brekout the price 147.890 then it will be to touch the untested support @ 147.090.
* There is a good possibility to retrace the price from breakout from the bearish to bullish positions to go long.
GBP/JPY Buy OpportunityFrom the Pivot Point analysis GBP/JPY expected to reach price 150.226 today.
Also it's on uptrend for recent days expected nearby resistance price too.
GBP/JPY Bullish trend Opportunityurrent market analysis of GBP/JPY drawn in given below image. From the image GBP/JPY Breakout it’s bullish channel support @ 147.860. Now there is a good Opportunity go bullish until price @ 149.798
GBPJPY has potential to go higher!Trade as simple as AB=CD
HERE'S THE GOLDEN RULE:
* SELL when the price make a new "Lower HIGH"
* BUY when the price make a new "Higher LOW"
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