Gbpjpydaily
GBPJPY : IS THE RISK WORTH IT?Hi traders!
GBPJPY is standing in a funny place. After a huge bull run was over, it was met by a healthy retracement. I'm getting plenty of different signal from this chart. I have 2 set of FIB extensions set in this chart because the up move was too strong and have super big gaps between the extensions.
I have one for the weekly & one for the daily. Also, I added a order block which has been bought and put the price over top of it. The price close over the daily 0.5 and it just under the 0.5 weekly. The RSI is saying the me that they are still more buyers than sellers for this pair. MACD is about the cross... but right on the edge of it.
So I'm looking what the GBP is doing vs other pairs and it looks positive. The same can be said of JPY who has shown weakness the last few days. If the price finds the momentum to go up, it will be a very nice push!
For all those reasons, here's what I'm seeing :
GBPJPY LONG
ENTRY : 149.90
SL : 149.117
TP : 154.306
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
GBPJPY D TECHNICAL ANALYSISWe short this pair from current level and book profit at 145 range.
Let's Watch !!
Sell GBPJPY Longterm Based on Rising Wedge + H&S PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPJPY Medium TermGBPJPY price action contained in a multi-month bullish channel and broke out 2017 highs,I am short GBPJPY at 150.92- i am looking for a bigger swing to play with a target in view 147.63 (38.2% fibonacci retracement/my 1mo moving number) & a prior support turned resistance area. My stop is currently break even now.
GBPJPY VIEW We have two view on gbpjpy
First Gbpjpy make head and shoulder pattern , if hold right shoulder then sell from below and tp is 148
2nd view is if break right shoulder and upper trendline ,
then this pair going long first tp is 152.70 and tp 2 153.50 and tp 3 is 155
Good luck and trade with care
Asad ullah
Potential Head & Shoulders on GBP/JPYIf this pattern completes, the daily zone (green area) where the breakout occurred recently will finally be re-tested. Look for a candle to close below the pink zone on the 1H chart or the blue zone on the 4H chart in order to short the pair down to this area. The rule of thumb for trading a H&S pattern is the distance - in pips of course :) - between the head and the neckline is how far down you will set your take profit.
What is your analysis of GBP/JPY currently?
GBP JPY - Channel Broken ( Short Opportunity )As you can see long channel has been broken and good Opportunity for short trade
Good Luck!
Long GBPJPY Long Term Based on Bullish Gartley PatternWe've got a triple top on another idea, which we're waiting now for the break of a neckline for confirmation and the continuing drop will be in line with this Gartley pattern to complete Leg D. However, between the Targets 1 + Targets 2 of our Gartley pattern there is our 0.786 fib level, which we will be watching as the retracement for our Triple Top short trade entry - so keep an eye out at these levels.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBP ShortAt key level 61.8 fib, wait for a close below or a few candles to ensure it's not going to bounce off.
If price breaks below could see it hitting the key level which is our 1st target. Possible 2nd target large level of resis below.
Double top indicates buying pressure is exhausted and it's ready to fall.
Any questions/opinions please feel free to comment!
GBPJPY D TECHNICAL ANALYSISWe identified bearish three drive pattern and ascending triangle with downward break.
We take short position from current level and book profit @ 138.50
Let's Watch !!
GBP/JPY - 300 Pips+ Long Term Short Opportunity GBP/JPY showed first signs of important weakness. It has moved down under all the ema's on the hourly chart to make it an important movement and could very potentially be a trend continuation pattern.
If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term.
Always trade after your own analysis as well as risk/money manage properly.
Happy trading and wish you the best!
Short GBPJPY Longterm Based on Daily + Weekly Charts. 500+ PipsWe went long on GBPJPY from 140 to 147 and now we have the opportunity to short this pair back down to the trend line. We can see the price has re-tested the 147 resistance line again, making it the third test in 8 months, which meets the requirements of a possible triple top. In order for this to become a valid triple top, we need to wait for price to break below the support level.
I will be monitoring this pair on multiple time frames.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPJPYOur preference: sales position below 147.20 with targets at 146.45 & 146.00 in extension.
Alternative scenario: in excess of 147,20, aim for a continuation of the rise with 147,60 & 148,00 in line of sight.
Comment: The RSI is bearish and militates for a continuation of the decline.
