Gbpjpysetup
GBPJPYGJ taking to the short position
Use Proper Risk Management
When in 20pips Profit, Breakeven with a 2 pip "Stop Profit"
Disclaimer: Past Results does not guarantee future results
Do your Due Diligence before taking the trade
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GJ Analysis 29/09/2020We are currently trading in a 16 pip range. If we break resistance and form support on lower timeframes there are potential scalp longs to fill the wick and maybe even push through with Asian volume. The target would be a wickfill as there is a clean range to move up. I would advise caution with sells because the range below support is very messy, if you were to take a sell, you would need resistance to form as your confirmations for sells. Buys are preferred
SHORT GBP/JPY | To complete the roof? Short...GBP/JPY
A roof? What do we have here?
on GBP/JPY all we see is a confirmation for a sell to 131.372
We might see a pull back to 135.576
Resistance levels: 135.576, 138.27
Support levels: 133.372, 131.168, 129.341
Let's watch...
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GBPJPY - FULL ANALYSIS BREAKDOWN Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
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GBPJPY H1 Analysis Based On Price Action Theory.Sideways Trend
-Price Stuck between Resistance and Support.
Not move any direction
GJ Sell SetupMuch like GBPUSD there is a nice break and retest trade at this zone for a potential sell for another drop at the retest👍🏽
Make sure you use risk management and always look to trade with the trend💯
GBPJPY | MY PERSPECTIVE FOR THE WEEKOver 120pips fetched in my last publication (see link below for reference purposes) as another trading opportunity arises. The British Pound surrendered much of its Thursday gain on Friday to close the week below 141.000. despite this retraction, the possibility of a rally is still paramount as I have found two windows on the chart for buying opportunity.
Tendency: Uptrend ( Bullish )
Structure: Trendline | Support & Resistance | Channel
Observation: i. Price action has been contained between upward sloping parallel lines characterized by Higher highs and higher lows to make my Bullish bias emphatic.
ii. Major Support @ 139.300 - a structure which has been a strong hold for Bullish tendencies since 2016 could open us to a Buy opportunity if price breaks down 140.000level.
Trading plan: BUY confirmation with a minimum potential profit of 250 pips.
Risk/Reward: 1:4
Potential Duration: 3 to 8 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPJPY | MY PERSPECTIVE FOR THE WEEKWith over 500pips in our direction since my last publication on this pair (see link below for reference purposes); the GBP/JPY pair broke out of my Key level @ 139.500 on Thursday only for price to Breakdown this level to make an intraday dip to the 139.35 region on Friday which also coincides with Breakdown of trendline insinuating a temporary Downtrend in the following week(s) for me.
Tendency: Temporary Downtrend ( Bearish )
Structure: Trendline | Support & Resistance
Observation: i. The line drawn under pivot lows emphasizes the prevailing direction of price.
ii. Breakdown of 139.500 level after Selling pressure gained momentum in the last day of the week to close under.
iii. A retest/rejection of my Key level in the coming week might be a signal to look for in the coming week.
Trading plan: SELLconfirmation with a minimum potential profit of 250 pips.
Risk/Reward: 1:4
Potential Duration: 2 to 6 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPJPY POTENTIAL SHORT TRADE SETUPHi Traders,
- In the GBPJPY 2H chart above, price is trading within an ascending wedge pattern.
- Price made a multi-touch on the upper trendline which is suggesting deceleration of buyers.
- I will be watching out for the breakout of the green levels on the chart which will also lead to the break of the ascending trend lines for short entries.
- Price has the potential to move lower towards the major ascending trendline on the chart.
I'll be watching how this plays out in the days ahead.
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Thanks for reading!
Veejahbee.
SOME PIPS COULD BE GRAB SOONFrom the monthly time frame to the Daily TF, we noted an upside movement and on the 4H we saw that GBPJPY just broke out of a consolidating movement to the upside, followed by a minor consolidation. This is very important to state because it means that from a Top down perspective everything is in confluence and also by the way, according to the last report institutions has being buying the pound. SO it doesn't hurt to say that we might be expecting a move to the upside. SO if and only if the price is going to break the upper trendline then and only then we are gong to long the market with a good risk reward and a good probability to the upside
GBPJPY, MIGHT SHORT LATER.**ENG**
- Price moving very impulsively towards our higher high/possible reversal zone.
- We can see that price is reaching overbought levels.
- Looking for shorts at the red circle.
- Only looking for longs if price breaks this zone impulsively.
**PT**
- Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão.
- Podemos também averiguar que estamos a atingir níveis de sobrecompra.
- Procurar por entradas em short na zona do circulo vermelho.
- Apenas procuramos por longs em caso de uma quebra impulsiva desta zona.
GBP/JPY: +400 pips to catch NOW Learn About The Reversal SignalsDisclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
High Timeframe outlook on GBPJPYFirst of all noticing bullish divergence on the RSI, despite making a lower low causing the bullish Divergence + with the HTF Resitance being quite far away at almost 148 Yen.
Additionally adding a second infection wave on the asian continent causing weakness in the japanese markets.
GBPJPY sell position.I am expecting a bearish movement next week. Early next week price should go up and create a some kind of resistance above from the current price. It will probably be near the last 4h resistance. Entry will be between 0.5-0.618 fibonacci zone in lower timeframes. Stops above the 4h resistance depending on the candlestick formations. Stops will be breakeven when it reaches the first support. Target is these support/structure zones (yellow retriangles, -0.27 fibonacci level).
GBPJPY Analysiswe have a good overview to make decisions base upon on our Ascending and descending trend-lines.
GBP/JPY, possible short term Sell by market.GBP/JPY is currently jumping around resistance area with not clearly breaking it. I am looking for a positive candle to be printed under the key level and then I would enter the market by accurate instant sell order.
GBPJPY, SELL on H4Probable Harmonic pattern
Recently it created a double bottom @ 131.90 zone
it might complete the harmonic pattern before going long buy.
we can take a short sell entry at 135.70
and target is near 133.70
GBPJPY, 4hr tf, 5th wave analysis of ELliott WaveBased on the 4hr timeframe we i tried to analysis GBPJPY movement using Elliott Waves principle. Wave 3rd finished exactly at 161.8 fibonacci expansion level while Wave 4th stopped at 38.2% fibonacci retracement of Wave 3rd.
Usually when the 3rd wave stopped at 161.8 fibonacci expansion of Wave 1, the 5th wave length will be the same with the 1st wave. The comparison of 3 impulsive waves will be a 1 : 1,618 : 1
We could try selling this pair with stop loss above the 4th wave top at 134.00 because if price move above that it means wave 5 is completed already.
For a better entry we will wait for GBPJPY to retrace a bit to 132.80-132.90 before selling it
Sell GBPJPY 132.80-132.90
Stop Loss 134.00
Take profit 1 at 131.70
Take profit 2 at 130.50
Good Luck
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 133.01. The pair is consolidating in the resistance and support ascending triangle wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 133.55, then it may start a new up trend and its target price will be at 135.59. If the price breaks the support level at 132.84, then it may start a new down trend and its target price will be at 131.85.
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Rishikesh Lilawat
