This pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though! (When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.) Here is a close up;
Here's my analysis of GBPJPY. After closing my Long trade, entered a short setup based on Smart Money Concept. Refined my OB to 30 min to get a better RR
FX:GBPJPY Forex GBPJPY Time frame H4 analysis setup My opportunity for short
Top down analysis done from the Daily to H1 and based on the perception that daily has made a pulback from the bearish move and with continue bearish after this move. Entry done on the lower TF. Very aggressive SL. More conservative and safer would be around 154.970.
Although GBPJPY Has Fallen a lot , But i still see Bearish Momentum in GJ. It Still has potential to Fall 100 Pips.
u can see the reason and explanation to my set up in the chart. please dont follow my set up blindly. im still a learner too.
We sell this pair because of a strong resistance above. The entry and exit levels have been shown on the chart. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. Invest wisely. See you making huge profit in this one.
I only provide entries. Enter at your own risk.
This is the time and place to press this one! The Weekly
GBPJPY short, trend continuation setup. You can review and give feedback.
This is likely drop to 132.50, on it's way to 110.00! It's already wicking here, like crazy!!
GJ could head down below 136.000 and then make its way back up.
This is one of the ready currencies that will move heavy momentum in this week.
Looking forward to buy GBPJPY, Head & Shoulder forming ahead.
Disclaimer : 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.
Currently, GBP/JPY is trading at 138.08. The pair may start a new down trend if it breaks the support level at 136.45. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 134.22 and second target price will be...
Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its 1st target price will be at 133.42 and 2nd...
Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair continued the down trend, its target price for the down trend will be at 131.18. Follow a proper...