GJ Analysis 27/09/2020Its the start of the new trading week, and Asian session so personally not taking a trade yet, this is just to spectate, especially as the market opened with a gap. We are currently breaking resistance on the hourly, if it breaks, and support forms we would look for longs up to the next resistance to fill the range, if we close into the range again we would look for sell opportunities as outlined on the chart.
Gbpjpyidea
GbpJpy- new leg up on short term?The medium-term trend for GbpJpy is clearly down with the pair dropping almost 1000 pips from the beginning of the month...
However, it seems that this fall has stopped for the moment and the pair has found support just above 133 zone.
A short term buy with a target of 135.50 could be a good choice for scalpers
SHORT GBP/JPY | To complete the roof? Short...GBP/JPY
A roof? What do we have here?
on GBP/JPY all we see is a confirmation for a sell to 131.372
We might see a pull back to 135.576
Resistance levels: 135.576, 138.27
Support levels: 133.372, 131.168, 129.341
Let's watch...
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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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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 is heading towards South and approaching August low levelGBPJPY
The price has reached the 142.720 which is low volume area there the price for rejected and resume the downtrend.
At 142.00 major psychological level the bullish reversal also got rejected and head and shoulder patter has formed. Left shoulder is a August high price-141.616 and the head is a the September high- 142.706.
And the price also bole the 141.00 level and 50% Fibonacci retracement level. On September 3rd the bullish trend line was clearly broken and series of lower low and lower high was forming which is signaling further downside fall.
Minor H&S pattern is also formed near 141.00 level. Currently the price is trading near 140 which is a major psychological level an qc 61.8% Fibonacci level.
Golden cross of 50,200 and 50,100 exponential moving average has happened. And the price is trading below the above mentioned moving averages.
RSI is showing the downward growth and it’s felled below 50. In one hour timeframe the stochastic is going to drop as it’s approaching 80 level.
On Elliott wave analysis the 5th wave is forming. If the price broke above the 140.00 we can short this pair a 140.500 level which is a 61.8% retracement of wave 03. Potential take profit will be around 138.00 level.
Brexit and political developments is Japan make this pair as more volatile. BOE will make a dovish stance and a loose monetary policy as counterpart
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It’s not a financial advice. Do the analyze and take a decision.