GbpJpy is in strong resistance. Good time to sell?Since 150 recent low on 20 December, GbpJpy has risen strongly and has gained 600 pips.
At this moment the pair is trading exactly in a strong resistance zone and normally this would be a good sell signal.
However, considering that GbpJpy is a very volatile and, more importantly, a trick pair, I expect a spike up before the drop.
A clear sell signal is given by a new low under yesterday's
Gbpjpyforecast
GBPJPY SHORT TERM SELLShort term relative eq highs were cleared with and aggressive move and we see price moving straight back down. I am looking to short GJ at market price with a small stop loss. I will close 80% of my position when it reaches my 50pip tp, the rest I will leave running for a swing target of 143.000
Trade safely, I am not a financial advisor and nor is this financial advice.
GBPJPY top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY: Liquidity GapYou will notice that bulls are slowing down as we approach the key hourly supply zone.
This will lure some sellers in early, please be patient and wait for a clear liquidity grab before considering your sells.
If you time your sell position correctly at the supply, you may be able to catch the wave all the way down to the support liquidity.
What is your view of this analysis?
GBPJPY top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPYThe pair is trading in a long-term bullish trend. After the price set a new high in October, the pair retraced. The market dropped to a key daily demand zone 148.2 - 149.0. To catch a swing move from that zone, pay close attention to a bullish flag pattern on 12H time frame. Wait for its resistance breakout & then buy on a retest. Goals will be 152.3 / 154.0
GBPJPY top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY has been going sideways now since 30th November it is showing us combustion and is ready to explode out of order block
when this meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome