Gbpjpysell
GBPJPY Sell a break setup,GBPJPY - Intraday - We look to Sell a break of 152.79 (stop at 153.11)
Broken out of the channel formation to the downside.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 151.87 and 151.67
Resistance: 53.40 / 153.80 / 154.00
Support: 153.00 / 152.80 / 152.50
GBPJPY SELL !!GBPJPY has been trading inside the given Channel since the start of February 2020. The currency pair seems to have entered a correction phase . i expect to see further correction till 50% fibonacci level . But since there is a parallel support zone almost at the 38.2% fibonacci level , i will be taking 154.9 as an initial Target level !
however , the price will most probably follow the direction as marked by the arrows in the Chart!
GBPJPY; Long Term BuyGBPJPY has broken above and retested a major weekly/monthly resistance. the next target is 162.430 (also matches Monthly 200EMA lvl). SL is below last lows (triple bottom on 4H T.f) (⚠️If you want to be safer, you can place your SL way below the support, at 155.100. My account's risk allocation doesn't allow that so i went for a smaller, but still structurally correct sl. Always keep in mind risk management and your account size while calculating your SLs.)
GBPJPY: The Retracement is overPrice broke above and rejected that 155.950 daily resistance level, multiple daily wick rejections as well as what can be identified as a triple bottom on the 1H prompted me to take the trade. The final trigger for was that mini support/resistance level on the 1hr (156.450) getting rejected. I put my sl right below for 20 pips (which is a bargain for GJ) totaling a 1 to 8 risk to reward ratio.
GBPJPY Sell a break setup.GBPJPY - Intraday - We look to Sell a break of 152.15 (stop at 152.41)
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Posted a Treble Top formation.
A higher correction is expected.
Expect trading to remain mixed and volatile.
The trend of lower highs is located at 152.36.
Offers ample risk/reward to sell at the market.
Our profit targets will be 151.41 and 151.21
Resistance: 152.30 / 152.60 / 152.85
Support: 152.00 / 151.80 / 151.50
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPJPY: Sells Into BuysPlease read my previous post to understand the long term directional bias.
I will be selling into swing buys.
I assume the sell setup will look something along these lines once we purge the trend line liquidity and fill some of the imbalance.
I have created an illustration to make it clearer for you.
GbpjpyGBPJPY
Here we have the chart of GBPJAY I am going to short from here because on the monthly time frame it touched the strong resistance And if we see one the other side we easily can see that GBPJAY running on the parallel channel and given breakout
[/lis
Thankyou
I hope from this trade you will get some green pips 💲💲🤪
GBPJPY signalHi guys, I hope you are fine
Today I prepared an analysis of the GBPJPY currency pair
In this chart, I see a head and shoulders pattern
The break of 151.817 price range will move to the next resistance of 152.776
✅ Buy = 151,817
🔻 Sell = 152,776
I hope you enjoyed this analysis. Follow us
GBP/JPY sellFX:GBPJPY
Hi guy this will be my setup for G/J. We have been moving quite bearish last week and ended the week @ trend resistance. This resistance had been hold price quite strongly and now have a strong possibility to repeat itself.
Entries and Take Profits you need to take carefully with proper risk management