GBPJPY OUTLOOKSo far, there has been series of interesting market structures printed on GBPJPY without a clear sense of direction. however, right now by far, there seems to be a definitive possibility of price trending higher to around 165.20
Gbpjpyprediction
GBPJPY….BUY (278 PIPS)Expecting GJ to rallied up after rejecting my rejection zone (red box) which served as an order block for my drops.
NB: a string fundamental on GBP on Friday will affect the market too
Not a financial advice tho!
is GJ forming a symmetric or an Ascending triangle?as we monitor gbpjpy we can see it forming a symmetric triangle
> for the sake of this trade/profit we will assume that it is.
most profit potential is on the 2-day chart
key point:
. Resistance:
> after the breakout, of the previous resistance 157, we see GJ made a high of 168 also failing to break this twice we can call this our roof
> after 168 we see gj failing to stay above 166 with that we can draw a counter trend line going down by two
> it is possible to see gj eventually reacting to 164 level but i believe 166 is a more interesting area
. Support:
> after getting rejected at 168 we see price bounce off levels 151 to 156.5 now it is at 161.5
> with that we can see trend line with a rate of 5
take away:
> gj is on the verge on forming a symmetric triangle
> keynote that boost my confidence with this analysis is with the sell off last week we still see gj managing to close inside this triangle
> we should see gj bounce off from 161 to 164 or possible 166
outlook:
> if we are not in this buy, we will watch gj's buy up to 164/166 on the 2/3 day
> if there is a breach of on the 2/3 day, we can assume two things: there is a breakout or there is a trend break to the larger ascending triangle
>we will classify it as a breach when price opens or closes out of the symmetric triangle
NB: IF THERE IS A BREACH OUT OF THE SYMMETRIC TRIANGLE THEN PRICE IS REACTING TO THE LARGER TREND ASCENDING TRIANGLE WITH THAT, WE SHOULD SEE PRICE RETEST 168 LEVEL.
> After that we take profit and wait for more information to determine our bias
Short GBPJPYShort GBPJPY @ 163.30
TP: 157.88
SL: Will keep an eye and most probably cut this trade above 164.60 area.
We saw a dovish hike from BOE which cause a sell off in GBPXXX currency which was all reversed on the back of the US NFP print (which doesn't really make sense). I would think this GBP rally will be short lived and I expect sterling to trade weaker in the coming weeks.
Some technical resistance at 163.30 fibbo lvl. Support comes in at 162 area ... below that there is 160.40 area and then finally our TP at 157.88.
This trade offers a great R/R ratio.
Good luck ;)
GBPJPY Weekly Chart Analysis 8th AugustThe expected move on this week is explained through the arrows & marked key zones.
GBPJPY...SHORT 162 PIPSLast Friday GP rallied up some buys into 163.00's......on the Day TF, GJ rejected by the 8Ema. Expecting some shorts into 161.80-161.62.....before a a possible buy back.
NB: 162.80-162.60 is a breakout zone!!!
GBPJPY sellThe market is in Divergence mode better to look sell opportunity in it. Every high is best price for selling.
GBPJPY Selling Scenario Next WeekWrite in the comments all your questions and instrument analyses that you want to see.
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GBPJPY Sell opportunity GBPJPY ia struggling on a resistance
big fall is coming on gbp jpy
sell GBPJPY with your own money management and hang on for the fall
patience is the key in financial world
GBPJPY top-down analysis todayHello 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 Sell opportunity gbpjpy like other jpy pairs make an false breakout out and immediately down to our area
now we are expecting the market can go way down so must catch the wave down
look for bearish confirmations on lower time frames and sell GBPJPY with your own money management
always remember patience eis the key
GBPJPY Sell opportunity GBPJPY broke the structure and now back at retest
look for bearish confirmations on lo weer time frames and enter sell with your own money management
GBPJPY possible sell zone, UPDATED!!GBPJPY has formed another bearish engulfing pattern after breaking down from a symmetrical triangle pattern. The price is showing another possibility of a drop from this level as the price has just started a local downtrend and drop to monthly support.
GBPJPY top-down analysisHello 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 longs.....I will go long on this pair after the break and retest of the descending channel for a quick 3R which becomes 4.5R after break and retest.
GBPJPY top-down analysisHello 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 BEAR RALLY STUCKINPROFITAre you a swing trader ? and have you been bagging GJ on the wrong side, here is a preview of what me and my team we are bagging, 280 pips bagged successfully in the course of 1 week, and more to go, final target still yet to smash, i would love everyone to join the train, bag with proper risk management, have a cocktail on me with em profit. stay blessed, its end month, GOD bless y'all.
GBPJPY possible sell zone!!GJ ( 4H) Has formed a head & shoulder on the monthly resistance and has broken down. As the monthly close, the price shows a reversal pattern likely to drop to the monthly support zone. On the test of the neckline of head & shoulder, we may sell!!
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GBPJPY Long: Price Bonus Back from Support & 3 White SoldiersTrend: Bearish
Candles: Three White Soldiers.
Support & Resistance: Price moves up after testing the support.
Fibbonaci Retracment: Tp is set to 0.5 fib levels.
GBPJPY…..SHORT (245 PIPS)Last week JPY had a strong closure of the week, but looked a bit weak on the start of this new week. After the complete formation of a bearish flag on GJ today. I’m looking for a long sell trade on GJ for more than 200 pips.
