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Gbpjpyshort

Multiple Timeframe Update on GBPJPY(Sell)GBPJPY after mitigating the Monthly Liquidity at 183.799, Bull is finding it difficult to break the Resistance, The pair has been trading in range market between 183.799 and 182.231 for quiet number of days now, We are certain that the bear will take over the market very soon pushing it down to mitigate the liquidity that were left behind. The Stoch RSI has being over sold for weeks now, The Stoch RSI is a key indictor that communicate the market direction most offen. Bullish Target. 183.799 Done 184.6, 186.7,188.2 Bearish Target; 183.150, 182.231, 180.705, 179.767 #Vimhype Dont forget to Like, Share, Comment and Follow.
Short
by Vimhype
Update on GBPJPY (Sell)The pair GBPJPY has reach a monthly unmitigated zone, and has mitigated the liquidity, at this point the pair try breaking the high for days now but Sellers would not make way for Bull to break and continue, meaning Bear is like to take control of the price movement pushing it down to the Liquidity gaps that were left behind, For days now the volume at which the pair was moving has reduce indicating that bear is like to take control of the market. The Bull are struggling to break the high but it seems the Bears would not allow. We keep to our plan to sell from the Resistance zone at 183.56 Bear Target; 181.55, 180.69, 179.73. We only plan to Buy when Price breaks the Resistance at 188.56 and retest. #Vimhype Dont for to Like, Share, Comment, and Follow.
Short
by Vimhype
Watch out for a big fall in GBP/JPYDear traders, GBP/JPY is on a strong uptrend for many weeks now. However, the uptrend seems to have lost momentum in the last few days. The current scenario can be compared to that of a melt-up. However, if the bears step in now, expect a quick fall in GBP/JPY. Watch out for a bearish price action to sell and expect price to fall to at least 172. Price is very over-extended from the EMA so, I do not recommend any long entries at the current level .
by YourLazyTrader
10
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