GBPJPY in Key Structure Point. Will it fall?Hey guys,
very few trading opportunities today on my radar. Here is one of the most interesting, we're on the daily chart and it's clear to everyone that we're about to make a decision. The structure you see looking left seems very important, and also the RSI way overbought make me think it's going to reverse. Nonetheless, you don't want to short such a trending market without additional confirmation, that's why i'm paying attention to the hourly and 4hr chart in order to seek for trading opportunities.
I'll keep you updated!
If you want to ask questions or share your view, feel free to comment below.
Otherwise, see you in the next chart!
Gbpjpysell
GBPJPY Breaking out the WedgeHi Friends, as you can see that GBPJPY is in pressure from last week and now I think I will break the falling wedge If it breaks and close in a BEARISH below the RED ZONE it's a good opportunity for a short here with target of 50.00% Fibo Level.
Good Luck.
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GBPJPY outlook (sell)After 4H structure was broken and we saw perfect retest before next move down confirmed usthat we ready for downtrend continuation on weekly overview (Weekly candle closed bearish engulfing)
GBPJPY is now meeting some major daily support with down trendline at the same time.
If we see break and retest, we will be looking for some excact sell setups and jump on downtrend continuation.
Be careful of huge pullbacks, GBPJPY is very aggressive pair (Also be careful on potential weekend gaps, which might be coming today).
Trade with proper risk management and caution.