GBPJPY - Sell biased outlook for 16 Sept 2020Hi all traders,
This is a video analysis on gbpjpy
I hope you like this video.
As always, i have pre-warn some important levels inside.
please take note of these levels and trade safe!
Cheers and thank you very much!
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Gbpjpydaily
GBPJPY - sell biasedHi all traders,
With ecb over and done with.
GJ has actually broken the major trend, so far, there isnt any much retracement happening.
So im expecting a retracement to happen within the next few days.
If it does, look out for the levels being informed.
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**Disclaimer: All trade ideas are of my own personal view**
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GbpJpy outlookAfter reaching 140 zone for the second time in the past 2 months, GbpJpy rolled back and is trading under 139 at the time of writing.
I expect this resistance to be strong and for the pair to drop to 136.50 in the medium term.
In my opinion, rallies should be sold and only a daily close above 140.50 would change this outlook
GBPJPY Last Moves for Breakout As Here in GBPJPY, it has trend from the past couples of week and now its on the resistance line waiting for breakout or fallen back to retrace one more time, so then from there it starts strengthening or fall more to getout of the trend...
Well, It depends on News what will it do. Better to focus on buying from the lower line of trend & hold it but what if it break the resistance then you're happy to take it as a buy for long term.
Becareful at this point as it can fall once more as well & then it'll breakout... Everyone want to know what GOLD is doing?
I HOPE THIS ANALYSIS GIVES YOU A BETTER IDEA.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
GBPJPY Chart Analysis: Make or break area!In my previous GBPJPY idea, I told you to buy at 138.20 and target 139.20 level. That trade set-up played out perfectly and my target reached within 24 hours( idea links attached below)
Well, currently GBJPY has bounced again from the 100H EMA. If the price manages to stay above it, I expect a continuation of the uptrend till 139.20 and even 140 next week.
However, a break below the area that I have highlighted in the chart would be negative for the buyers.
GBPJPY uptrend is likely to continue but be carefulIt looks like GBPJPY's uptrend will continue. However, buyers must be careful and watch the 138 area. The price must stay above 137.80 level, which is the confluence of the 100H EMA and the support level.
If price stays above the support level, then we can expect a continuation of the uptrend to 139.20 level.
I have already bought at 137.85 and currently holding this trade.
GBP/JPY Wave Analysis
After a strong bull run, the counter is currently in corrective (ABC) mode.
It has completed wave A and is forming its final leg of wave B.
It is now up against a resistive trendline and a break above it can take it higher.
Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.