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Gbpjpyprediction

GBPJPY : Shorting the GBPJPY with a plan 13.5Simple, practical, professional. This is a very technical movement which is reviewed. It's based on the Head & Shoulder bearish candlestick pattern. When a Head & Shoulder pattern breaks, it aims for a movement down the size of the movement up between the neck-line to the head. In this case, the distance between the head to the neck-line is 900 pip , from 160 to 169. So the break back below 160 is now projecting a movement of roughly 900 pip lower to around 150. This makes a lot of sense as this area is a horizontal support zone stretching all the way back to beginning of 2021. Target may be achieved in the mid term of days to a couple of weeks. Within the down-trend a retest of the neck-line may take place back to 160. A break back above 160 with a candle close may show for a false break down. 158.20 is also an important horizontal resistance, a break above may confirm movement back to neck-line at 160. Trade safe! -------------------------------------------------------------------------------------------------------------------------------------------------- If you found my idea useful, please like and follow! It would mean a lot to me. Thank you so much for reading - I encourage you to do your own research and consider all info provided to be for educational purposes and not financial advice ---------------------------------------------------------------------------------------------------------------------------------------------------
Short
by Exactus
3
Jamie Gun2Head Trade - Selling GBPJPYTrade Idea: Selling GBPJPY on head and shoulders retest Reasoning: Correction lower looks to be extending further Entry Level: 160.50 Take Profit Level: 156.25 Stop Loss: 162.02 Risk/Reward: 2.8R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
GBPJPY hello, currently GJ just pushed up and hit our first tp 0.00% as first TP and also broke the trendline with a big bullish candle and is next to 61.8% on old fib level and is currently near a zone, you ought to be careful when trading around this area where there is a critical zone thats where currently we are seeing doji candle but overall i want to see it break through this current zone and push past to the -27.00% and move back down to test this current zone incase it doesn't reject it. But make sure all confluences are lined up before taking a trade. Have blessed week, remember to ask Jesus for his wisdom and guidance and he will show you. Jesus loves you<3
Long
by louisemwesigwa
GBP/JPYThe British pound has bounced hard at the end of the week, as it looks like we are trying to stay above the previous resistance. That being said, the market looks as if we are ready to go higher, but we need to get above the ¥160 level. If we break above the ¥160 level, then it is likely that we will go looking to the ¥165 level. On the other hand, if we turn around and break down below the ¥157 level, it is likely that we could go looking to the ¥155 level given enough time. You should also keep in mind that risk appetite has a major influence on what happens here as well.
by SmoothJB
GBPJPY(30) DROP DOWN ANALYSIS Hello, i was so happy with GJ last week, my analysis played out on the weekly just like I had predicted. Praise Jesus! So for this week, I want to see price open up with a small bullish momentum, move up to 158.587 price range after hitting -27.86% fib level. If you entered this position for a minor structure buy last week, this will be your TP2, there after drop form a small bearish momentum hit the trend lines, Finally push up with a bullish momentum to -61.80% as TP3 then drop there after. Trade with enough confluences, trade what you see and not what you think. Jesus loves you ♥️
by louisemwesigwa