GBPJPY- SELL strategyRemain short and keep stop-loss around 157.80 for now.
If a new sell strategy, SELL 156.70-157.00 if reached. The MACD is on the verge of becoming negative and we have ample room down. For now keep profit order at around 155.27
Gbpjpysell
GbpJpy to break under support?GbpJpy has had an incredible run in the past 4 weeks, with the pair gaining almost 800 pips.
However, after reaching the 158 zone, GbpJpy started to consolidate in what seems to be distribution.
At this moment the pair is trading slightly under horizontal support and a clear break can happen
At least a correction could follow from now on and my target is 152.50 support
Above 158 this outlook is negated
GBJPY-SELL strategyThe sell strategy suggested so far is working well.
No change in view, SELL 157.00-157.25 (but you can adjust it at your own if needed). The stop-loss can be moved lower 157.85 for now. The profit order 155.37. The Donchian clearly shows the upper boudary and stochastics are negative giving the change for the move down.
GBPJPY Sell IncomingAfter analysing the current market conditions and seeing the longer term price action I believe GBPJPY will drop.
Price has been distributing since March 2021 and we have seen price range since then and thus I will be expecting a huge move.
Over the last couple of weeks I have noticed price re-distributing as a possible LPSY for market to drop.
Overall GBP is starting to weaken and the JPY is starting to gain strength hence why this could accelerate the drop for GJ.
Thanks for reading and looking at my chart, leave a like, comment and follow for more ideas.
DISCLAIMER: I am not a financial advisor and nor is this financial advice.
If you trade this pair with me and make money from this, please help support a fellow trader.
My cashapp is on the chart! Thank you for your time.
GBPJPY- SELL strategyNo change in view. Stochastic still negative.
SELL 157.00-157.25 for a move to 155.37. Stop-loss 157.90-158.10 area.
GBPJPY TRADING PLAN - SELLI am currently in a sell in GJ and I would like to add to the sells when I see a confirmation of downside continuations.
If price can break and retest all of the zones then I will add more sells.
My tp would swing all the way down, however, I will be taking partials at each zone.
My stop loss will generally be 30 pips however looking at how market reacts and price action I will vary my stoploss and may put it above the candle that broke through the zone.
A key zone to watch out for a reversal is 152.500. Watch carefully what price does here as it may be a potential long entry if it rejects and provides bullish confirmations.
Note that this trade could take a couple of days or weeks so be patient.
DISCLAIMER: I am not a financial advisor and nor is this financial advice.
If you trade this pair with me and make money from this, please help support a fellow trader.
My cashapp is on the chart! Thank you for your time.
GBPJPY 4H Daily OutlookGBPJPY has taken help around 200-H MA and shown a minor pullback. The pound real pared a large portion of its benefits against the US dollar. Any break above 1.3600 affirms further bullishness. The UK has announced one more 141472 day by day cases lower contrasted with the earlier day-case 179756. The intraday pattern of GBPJPY is bullish insofar as help 155.70 holds. GBPJPY hits an intraday high of 157.15and is presently exchanging around 156.83.
Short-term resistance -157.75
Intraday Support- 155.70
DISCLAIMER: ((trade based on your own decision ))
GBPJPY-SELL strategyThe SELL so far working, and now we place stop-loss 157.85.
The stochastic RSI is negative, and MACD (not shown is turning negative, but not as yet).
New trade, SELL 156.90-157.10 with stop-loss 157.85 and profit order 155.28 for now.
A short position to 154.442A sell trade after the retracement of fib31.8. A short position to 154.442
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY i will be looking for a pullback to order block zones and to take a sell trade
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
FOREX ANALYSIS : GBPJPYFX:GBPJPY
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPJPY-SELL strategyNo change in view.
The GBPJPY has gone a little to fast and too far. The stochastic RSI is turning negative. The RSI is overbought but not extreme.
The NEW MOON phase usually indicates the trend will change as well.
Strategy SEL current 157.00-157.25 for a move to 155.25 short-term. Stop-loss suggesting above 158.25 for now.
GBPJPYThe downward descent has started and is clearly marked on the chart as to where I think it can fall down to. Good luck.
GBPJPYHello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze GBP/JPY a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank You..
GBPJPY - SELL strategyThe run-up has been impressive, but now it starts becoming a rich move. The RSI is high, and the stochastic (even still bit positive) starts also looking overdone. The Heikin Ashi number of green candles are also impressive in numbers.
Strategy is SELL 157.25-157.75 in small increments, and place stop-loss above 158.50 for now.
Profit potential is below 155.00.
GBPJPY APPROACHING A SIGNIFICANT HIGHFrom a daily outlook, GJ has been on a bullish run for about a month now. At present, the pair is approaching a 3 month high at 158.00 after extensively breaking through 156.00 - Very much likely, 158.00 might offer some resistance to price, providing a logical shorting opportunity for a deeper correction on the impulse leg down to the most recent high at 154.50.
PS: Trading is reactive not predictive, until reversal signals confirm this bearish bias, don't short.
Thank you! Do hit the like button and leave a comment if you found this helpful.
Possible Short Opportunity on GBPJPY +900 PIPSAccording to Fibo Retracement
The price hit the 61% Fibo level
Resistance level
GBPJPY - SHORT - SELL Hello everyone, I am shorting GBPJPY 25pips sl and 100pips TP, close to DAILY POI
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
GBPJPY 1h, Dec 31This is my idea about GBPJPY next move which you can see it in chart
Uptrend is broken and a pullback happened
GBPJPY - SHORT - SELL Hello everyone, my view on GBPJPY, U can see everything on chart :) January will be bearish for most of the pairs imo
GBPJPY - SHORT - SELL Hello everyone, I am shorting GBPJPY as u can see. We had BOS now it is doing bearish flag and I am aiming at support
