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Gbpjpyshort

7 Reasons to Sell GBPJPY1 - Purple Trendline acting as S/R Level 2 - Blue Trendline acting as S/R Level 3 - Downtrend Channel 4 - Area of Strong Support/Resistance (Red background) 5 - Fib 50%(0.5) retracement level (Gold Line) 6 - Divergence on MACD & RSI (5minutes TF) 7 - Deep Wave (IV) correction of Wave (III) completed at 158.25 (Wave (IV) is a deep correction because Wave (II) correction was shallow) Look out for reversal pattern in the zone to join the downtrend continuation. Please feel free to comment and like
Short
by owlswift_fx
15
20 Reasons For Sell GBPJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1: ✨Eagle eye: Extremely Bear, But Current Move is lower high 2: 📆Monthly: Clear bull trend at monthly 3: 📅Weekly: A strong Order block at the previous top after its price goes higher low, low trend confirmed at weekly 4 🕛Daily: A clean intra-bear trend and inner structure make a choch, so officially at daily tf right now, bearish 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: change in Guard correction 7: 3 Volume: High volumes on bearish candles good for the bear 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways 9: 5 Volatility measure Bollinger bands: Squeeze 10: 6 Strength ADX: Bears are gaining strength 11: 7 Sentiment ROC: JPY is much stronger than GBP, ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bigger structure is extremely bearish 13: entry move: waiting for an impulse move 14: Support resistance base: premium OB 15: FIB: waiting ☑️ final comments: sell At 5 min choch 16: 💡decision: sell 17: 🚀Entry: waiting for confirmation 18: ✋Stop losel:162 19: 🎯Take profit: 151 20: 😊Risk to reward Ratio: 1:7 🕛 Excepted Duration: 20 days
Short
by Optimum369
GBPJPY: BEARISH OUTLOOKThe GBPJPY trend for the month of March has been quite bearish, with the pair experiencing a significant decrease in value from 164.505 to 158.549, representing a decline of approximately 550 pips. This decline has been consistent across both daily and H4 time frames, indicating that the bearish order flow is quite strong and sustained. Despite this trend, there was a notable correction in the GBPJPY pair's trajectory, where the price experienced a deep correction to the 164.230 region, creating a double top pattern. This pattern drove the price further down to the 159.188 region, reinforcing the bearish structure. As the bearish structure is still intact, there is a high probability that the pair will continue on its downward trajectory. However, there may be a temporary push towards the 161.419 region before experiencing further downward pressure. It is important to note that any upward break of the 2nd layer trendline would signal the possibility of buyers gaining control, which might be an indication of a potential trend reversal. Based on this analysis, my short term target would be 159.750 value within the support zone while my medium term target is contingent upon the breaking of the support zone. If broken, I will be targeting the 158.362 liquidity zone.
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by Samuel124
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 156.77. Also, according to the GBPJPY STRUCTURE, it can move up to the 162.14 RESISTANCE LEVEL before SELL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
GBP JPY - Short Observed on Weekly Time FrameThe weekly chart for GBP JPY is telling a story. It starts with showing a broken trendline. As you can see on my chart, the trendline is broken to the downside and then retested (also retesting a major level of resistance). At this meeting point, a weekly pinbar is formed (highlighted in green). Price shows us a rejection as its reaction. There are only 3 main objectives from this point: 1. Set a stop loss 2. Set a target 3. Let price do its thing
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by JohnnyB61887