Gbpjpysetup
GBPJPY H1 Analysis GBPJPY completed the H&S pattern by breaking the neckline. Now that price has found a new level of support, I'll be looking for price to pullback to retest either the weekly key level which lines up with 38.2% fib level or the neckline which also lines up with 61.8% Fib level
New Update On GBP/JPY +200 Pips New Update On GBP/JPY +200 Pips
New Setup To Catch More Than 300 Pips
GBJPY multi frame analysisHello Trader, Here is the full analysis of GBPJPY:
1) Monthly - Prices are currently testing monthly support and if it break then it will test the 135.285 level.
2) Daily - We can see a retracement between 23 and 38 levels.
3) Hourly - We can prices are taking support at monthly level.
Action
With one hour prospect prices seem to be within weekly and monthly resistance and support. One can wait for either one to break and then take positions. If it falls below monthly then 135.196 will be tested and then possible up move will be seen. if crosses 141.028 then one can look for long position.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
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GBPJPY LONG SETUPCurrently price rejecting 139.700 region.
I'm expecting price to retest around 134.500 - 135.500 before trying to break 140.000
GBPJPY LONG - WEEK 17-22thGBPJPY will follow the same trend as GBPUSD. Price will go up then have an extremely nice sell. TRADE GANGGGGGGG
GBPJPY Short trade opportunity! On screen analysis...Hi traders,
GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys.
As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance.
On the 4 hour chart you can see a Counter trend where I drew a purple trend line. A break of the trend line will give us a nice opportunity to go short on this pair.
The first target is based on a Fibonacci Retracement level of 0.618
The Second target point is the last Lower Low seen on the Daily chart
The Third target point is based on the Fibonacci Trend Extension level of 0.786
Be patient and always trade with care!
GBP/JPY, Daily Candle closed above the Key Level 132.00This close of the daily candle could expose the price more to the upside. I like this looks good.
GBPJPY M15As long as this short doesn't break the 133.2 area I'll keep the order in in case it drops and hits the sell order.
GBPJPY, SELL on H4- Structure : downtred
- Below previous resistance
- Wait for confirmation
=> SELL
GBP/JPY, expect a Drop of the priceAfter GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
Short Setup on GBPJPYThis is a short potential area that we can consider.
If the price break the trend line by open the new candle above the trend line, we can close the trade and change to long position
GBPJPY, SELL on H4- GBPJPY might reverse it's trend
- We got to see an impulsive move
- Now wait it's time for corrective move and then go up again
- Use fibo 50-61.8% for target
GBPJPY LONGLong GBPJPY.. just started to posting ideas, this one went nice (will provide more fresh ideas from now on)
GBPJPY triangle GBPJPY the price is 127.7 on the lower line of the triangle .
let see if it will be strong enough to send the price up
