Get started

Gbpjpyshort

GBP/JPY finally showing bearish signs, time to fall 270 Pips?Dear traders, GBP/JPY is finally showing some bearish signs on the 1Hour chart after a huge bullish rally. So, there could be some short-term pullback in GBP/JPY. In the 1 hour chart, the price is very overextended from the hourly moving average. So, there could be a pullback to 178.80 level. If price continues to struggle at the resistance level highlighted in my chart, traders can consider selling GBP/JPY@181.80-182.10 with SL above resistance and TP at 178.80.
by YourLazyTrader
10
GBPJPY Trading Guide. Selling is not yet started.Note : small traders should trade with money management as the pair is highly volatile. Level to take trades for small trading account holders Sell 182.150 Tp 181.750 Sell 187.5 Tp 187.0 Sell 190 hold for long 178. Fundamental Analysis When everyone is selling GBPJPY, then who is buying it and why it's going up and up without stopping ??? The answer is very simple. Big Investors and traders with technical + fundamental knowledge are not buying JPY. whenever GBP breaks resistance, retest it and start moving up. Simply buy GBPJPY. because JPY is not offering anything to investors then why investors buy JPY ???. Now you get my point. Now we will do some technical analysis. Technical analysis Technically the pair is showing overbought sign do expect some correction from 181.8 to 182.350, you can sell pair in this range and hold 50 pips or 500 points easily. but I am expecting bullish rally to 190 & 195 areas To be tested easily in a month or 2 month may be earlier. There we will sell from 190 and our target will be 178. I have mentioned these in the chart also. As Daily chart is bullish but showing highly overbought sign so at 190 psychological mark expect aggressive selling of the pair. Moreover, Bank of Japan is preparing to Intervene in the Market, so when the intervene will start ??? Bank of Japan is watching USDJPY levels so therefore when USDJPY reaches 150 then they will decide a meeting to intervene again. Apart from that retailers will also plan to wait at 150-152 area and avoid buying here. So when USDJPY reaches 150 psychological mark, expect BOJ intervene in FX market. As GBP is also going up without any Reason, therefore GBP will likely to fall heavy against all pairs.
Short
by AhsanTufail
Ready, Set, Trade: Are We On the Road to 168??Hey there, quick update on this setup. Like I mentioned in the initial analysis post earlier, I was waiting for a signal from the TRFX indicator, looking at anything from 4hr to 12hr. Well, it just gave the go-ahead on the 8hr mark after we saw a quick rise earlier - looks like we had a stop hunt. I've put my stop loss a bit above 178 and I'm keeping my eyes on the prize at the 168 area. As this pair starts moving our way, I'll be closing parts of it and dragging the stop loss behind. First thing's first, I'm looking to close about half of the position once we hit the 172.5 area and move the stop loss to the entry price. Hope this one helps you rack up some good pips
Short
by TheFxAce
10
#GBPJPY- Multiple opportunities Buy and Sell!-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP DATA comes out then we may see another strong bullish impulse leading GBPJPY to 179.00-181.00 region. -There are two opportunities here, first is to buy when we have minor pullback, this 'buy opportunity' in itself will be 400-500 pips move. Secondly if we misses out on buying then we will have 1000-2000 swing selling opportunity. -Please Like and Follow for more.
by Setupsfx_
50