Gbpjpyidea
GBPJPY Bullish AgainGJ create hidden bullish divergence in 1h, 2h & 4h also! So it gonna bullish again
GBP/JPY Broke Our Res Area And New Long Trade Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/JPY approaching historical resistance level! Will it drop?Overview - GBP/JPY is on a relentless rally since October'2020.
A moderate correction took place in March this year but price has broken
through the 153 level now. Most of the retail traders are selling GBP/JPY
but price is in a continuous uptrend. But, it looks like the time for sellers
is finally here.
Analysis - As you can see from the chart, 156 level is a historical
resistance for GBP/JPY. It looks unlikely that bulls will be able to take out this
resistance level in the first attempt. So, this might be the much needed
catalyst for the Guppy sellers.
Probable trade set-up - Based on the analysis, a short entry at
156 with SL above the resistance area and first TP at 152 and final
TP at 148 looks very good attractive.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
GBPJPY – New Week Analysis – 5-Apr-21
📈 BUY ZONE – 152.563 to 152.063
🔷 Take Profit 1 - 152.763 (20 Pips)
🔷 Take Profit 2 - 153.063 (50 Pips)
🔷 Take Profit 3 - 153.563 (100 Pips)
⛔ Exit / SL - 153.563
There is potential for the price to move higher, wait for the pullback into the BUY ZONE AREA for entry after we notice the confirmation for price reversal to take place. Price expected to reach the target area around 153.500 region.
GBP/JPY Trying To Make A New Double TopThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY BULLISH TREND NEAR TO BE END.GBPJPY entered a sell zone. If the price respects the spot, then we may see an extensive sell. We have to wait to watch the lower time frame and look for a sell setup.
151.800 to 152.000 is a good area for a good sell setup.
Do not consider this as a piece of financial advice—this Above chart analysis based on experience with the combination of technical and fundamental Knowledge. Please follow proper risk management parameters to trade in the market.
Have a nice day.
The Financial Regime
GBPJPY gonna bearish GJ create hidden bearish divergence in 4h. ready for short.
50 pips opportunity
tp 149.74
GBPJPY Trading Idea GBPJPY is in a strong uptrend so in my point of view we need to see a pullback to this area of value and to see some sort of rejection hope you like il be glad to see your opinion about it
I'm still a beginner though if you want to give some advice il be happy.
GBP/JPY New Analysis And 2 Setups Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY short trade ideaPlan: wait for the price to bounce off from key resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPJPY heavy drop is commingHi there,
Gbpjpy is setting up for a heavy drop and change of trend, watch lower timeframes, wait for sharp sell and join it on the corrections
Expecting a double bottom on Monthly timeframe, then we change trend for uptrend in daily, weekly and Monthly timeframes.
Good luck
GBPJPY Gonna Short FOR_SUREGJ Gonna short, Its create bearish butterfly with strong bearish Divergence.
1st TP: 150.70
2nd TP 150.05
GBPJPY - WHERE IS IT GOING NEXT?HOW MANY LINES DO YOU DRAW ON YOUR CHART TO UNDERSTAND WHERE THE MARKET IS GOING NEXT?
I am not a big fan of messy charts, full of lines, channels, Fibonacci, blablabla... The list can be really extensive.
For FX:GBPJPY pair, it has been rising for the last 4 months, non-stop.
We can see RSI indicating it is overbought and OBV showing divergencies vs price movements.
It has also reached a strong resistance trend line, coming all the way from 2016.
It has also touched a strong resistance level, which has put the price down on the last days of February.
On top of that, it has reached the top of a rising channel. Which I expect to hold and drop the price to support levels.
My take is that price will revisit this strong resistance level and continue its way down...
Nevertheless, it needs a correction from the 4-month rise.
I expect next week to form a strong red candle.
WHAT IS YOUR BIAS?
Please share with me below.
HOPE YOU HAVE A PROFITABLE WEEK!
Let's go!
GBP/JPY Wait For RetraceThe previous trade I posted on this pair went very well and hit TP. This is now at a large resistance level and has been overbought so I want to see a retrace before taking another position. RSI is showing overbought on daily and weekly timeframes. There is a chance to open a short trade but I will not be taking that trade personally as I do not like trading against the trend.
This could retrace to any of the Fibonacci levels before rebounding but it is worth keeping a close eye on 0.382 Fib as this aligns perfectly with previous structure. If there is a clear reaction to that price level then that may be a good price to long from.
TP can be set at the previous high of 148.296 for a safer trade, as I said this is at big resistance so setting a TP above is risky. If you are willing to take that risk the net target can be 151.666
GBPJPY short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPJPY weekly swing short Hey fellow traders! As you can see, GBPJPY has been moving parabolic these past few weeks as it had broken a weekly downtrend trendline to the upside. GBPJPY has been respecting smaller timeframe levels on the 1 hour and continues to creep up; however, I believe that there will be some downwards pressure in the zone we are in right now. GBPJPY is effectively attempting for form equal highs with the tops of the two candles we saw peaked in December 2019. The strong move into this zone of resistance along with the form of a double top and multiple gaps to be filled from this parabolic movement has me convinced that we will see some intense selling pressure here. You can see that the weekly candle is already starting to wick near those previous highs and we have seen some down movement on the 1 and 4 hour timeframes already. On the fundamental side, there is more news circulating that the new UK Covid-19 strain may actually be more lethal than we originally anticipated, so this may serve as a catalyst to push down GBP pairs. I am already in a sell position that I entered at 147.517 and will be targeting 142.338 for 518 pips in order to maintain a 1:3 risk to reward ratio. I am also looking to enter another position if GJ pushes up to 147.965 since we also see heavy rejection far to the left around that zone and my stop loss for both positions will be around 149.261. If my second position is activated I will look to either peel partials or close that position around 144.277 for around a 365 pip gain while I let the other position run to my 142.338 target. Either way, there is at the very least 300-500 pips to be gained from this play and I am willing to hold for a week or more. I believe GBPJPY has to retest the zone around 141.611 that was previous weekly resistance it broke out of, so my targets are set before that area.
