Get started

Gbpjpysell

GBPJPY below 163.77Last Month's Open and Close is around 163.73 - 163.77 region and from what we can see so far, price broke and has stayed below it. Reasons I am staying Bearish ATM 1. As long as price doesn't close above 163.77, I believe our bearish momentum continues 2. We had a change of character when price broke through 163.00 3. I am expecting a pull back to 163.77 before a break of structure at 162.77 4, I believe we are in a 5 wave movement downwards to 161.39 - 160.85, where we have an order flow. 5. Price is still below the 50 EMA and 200 EMA The orange zone marks my entry and where the last order block is situated which also coincides with our last month's close/open, whereas my target is 160 region. Any price movement above 163.90 invalidates my analysis. There's a buying opportunity between 163.00 - 163.80, although we are bearish, we can also scalp the longs. I would love to hear your thoughts 🤔, feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Short
by owlswift_fx
GBPJPY- A MASSIVE SELL OPPORTUNITY Dear Traders, hope all of you are doing great, we have 900= pips selling opportunity on GBPJPY, currently we had change of the character and price is bearish since last two days. There are two areas that we are targeting at the moment labelled as 'selling zone 1' and 'selling zone 2'. Remember if you are entering, enter with stop loss not more than 40+ pips which applies to both entries. Good Luck and Please do like and comment! :)
Short
by UnknownUnicorn52780235
16
The GBPJPY achieved some Gains.The GBPJPY pair ended its recent bullish rally by achieving some gains and reaching 166.40, followed by Diving bearishly towards 162.75, hinting its surrender to the stability of the major barrier around 166, which will hinder the attempts to resume the bullish attack in the near term and medium term period. Also, stochastic exit from the overbought areas will force the price to provide new negative trades that might push it to settle within the bearish channel again, to suffer some losses by moving towards 161 and beyond... BUYING SCENARIO: For now point to consider will be 162.75 as a major support...if hold (Buying Scenario) 163.80 will be my first target (Resistance) and if broken then 167 will be confirmed. SELLING SCENARIO: again point to ponder will be 162.75 as support and if broke downside then 161.10 will be my target and if broken too then we'll see further nose dive Trade Wisely.
by AdilHussain731333
GBPJPY: Bears enter!According to the Bank of Japan's Tankan survey for the first quarter, inflation expectations have increased slightly. Additionally, the Jibun Bank of Japan's manufacturing Purchasing Managers' Index (PMI) has risen from 48.6 to 49.2. At the beginning of the week, cautious markets responded to recent news regarding oil production cuts and the subsequent rise in oil prices. Saudi Arabia, along with other OPEC+ oil producers, has announced additional cuts to oil production, totalling approximately 1.16 million barrels per day. The energy ministry of Saudi Arabia stated that these cuts were made as a precautionary measure to maintain stability in the oil market. As a result, the price of WTI crude oil experienced a notable increase, opening the week with a significant gap and reaching a record high of $81.51 during the first few hours of the Asian session on Monday. Anticipate a further decline in the price.
Short
by Sphyn-Trader
#GBPJPY-300 PIP DROPPED FROM LAST SETUPDear Traders, hope you are doing great, our last trading setup on GBPJPY dropped 300 PIPS, and we have not got an opportunity where price will fill up the liquidity voided area. Next week we have NFP where mix data is expected so JPY will be seen as heavenly safe currency for the investors and hence it will be an opportunity for all of us to have an perfect entry on this pair especially when the move is around 800 pips. -Wait for the price fill the LQ VOIDED area then enter with stop loss of 40-45 PIPS.
Short
by Setupsfx_
8
GJ waiting... GJ - looking for continuations/sells on the 4/1H, targeting that HTF trend line $$. I won't be looking for buys until we get a break on top of the 164.100 level. Once support is established with the retest, I'll be looking for buys up to the 1/4H high (with the anticipation that we will break them based on the daily/weekly candles), then up to 165.000. If that level breaks, I'll take it up to the weekly high to fill in that imbalance around the 165.600 level! Let me know your thoughts!
by ProFxAI