Gbpjpytrade
Major support# False breakout @ support
# Yesterday's candle pinned support
# The last candle on H4 also pinned support
Buying at market price 136.336 with
#SL below support @ 135.048 and
# TP just below the 141 mark @ 140.847
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
GBP JPY Break of Structure (Bat Pattern)Expecting a break of structure past the 137.900 (previous HH) level to the completion of the bat pattern at 138.600 which is within the 88.60% and 1.618% point of the D zone.
From there I will be expecting a minor retracement (50.00% or 61.80%) to TP1 which is point B of the pattern, from there I will be looking for signs of a trend continuation to enter long once again,
Regards
GBPJPY Trade IdeaPrice is currently in a bearish trend so I am only looking to sell
# Trend is bearish
# Resistance level met with a pin bar
# 21 SMA pinned by pin bar
# Pin par is the signal candle
Shorting at market price 139.144 with
# SL above the resistance @ 139.965 and
# TP lower down at 137.443 (SL x 2)
As usual, don't bet the farm, always exercise good risk management and don't rosk what you can't afford to lose.
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GBPJPY: Trying a BUY after a Selloff?Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen.
Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in GBPJPY.
However, is there a chance of a relief rally in GBPJPY?
We can see that the price is now in the 142.80-143.10 area. In the past, this area has acted as a REVERSAL point for GBPJPY.
So, it's important to analyze how price behaves in this area.
Upon BULLISH PRICE ACTION, traders can look for BUYS at 142.80-143.10 with SL below 142.60.
TPs can be set at 144, 145.20 and 147 respectively.
GBP/JPY Pullback off 144.80/70 And Selling Opportunity Successful recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass 200-day SMA level of 144.60, short-term descending trend-line at 144.80, followed by 145.20, can act as intermediate halts during the upside towards 50-day SMA level of 145.90.
On the downside break of 143.70, 143.00 and February month low near 141.00 could gain sellers’ attention. GBPJPY Sell opportunity 144.80/145.00 level because Daily 200 ma and 100 ma Moving Average Area best sell opportunity in technically. On the downside break of 143.70, 143.00 and 142.45 could quickly appear on the chart whereas 142.00 could flash on sellers’ mind then after.
Previous Weekly High 147
Previous Weekly Low 145.13
Previous Monthly High 148.88
Previous Monthly Low 143.72
Daily Fibonacci 38.2% 144.2
Daily Fibonacci 61.8% 144.47
NEWS:-
========
GBP:- The Bank of England will not raise any kind of rate this year. Until the end of the issue of the issue, Jahutu Bank on England will not make any major decisions. The Bank of England's monetary policy will not help in any kind of pound.
And the Bank of England governor will change, they are looking for new governors for long term. So the latest commentator does not seem to help here.
The next week, GBP's market capitalization data is all about the Bank of England Kendrick.
#GBP Microeconomic Mixes.
#GBP Macro Economics mixed curse bayerish.
**Focus on BOE's monetary policy meeting next Wednesday.
**No progress in cross-party negotiations likely to keep the Pound subdued.
JPY:- Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower.
JPY futures markets shrunk by around 5.5K contracts on Friday, according to advanced data from CME Group. Volume followed suit, down by nearly 5.5K contracts after three consecutive daily builds. Nikkei 225 closed all week for holiday
- (JP) According to recent survey 48% of Japanese are against sales tax hike scheduled for Oct - Japan press
GBPJPY Trade Idea# Price is around the demand zone
# Bullish railroad track candle pattern printed (buy signal)
Buying at market price 145.318
# Stop loss just below support @ 144.630
# Take profit higher up below resistance @ 146.832
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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GBPJPY - Ascending Structure - Sell on FX_IDC:GBPJPY
I am demo trading and documenting my progress. This is not intended to be a sell signal !
Ascending Trendline Structure on 4H
Possible Retest of 1H Resistance - Sell prediction on 4H with SL set at 2HR Inside Channel
Sell Limit - 144.800
SL - 145.500
TP - 142.500
GBPJPY Trade IdeaPrice has been hanging around the supply zone for a while so I have been looking for clues to short.
We now have a small support that was broken and tested as resistance plus a bearish engulfing pattern has printed
Short @ market price 146.935 and
SL above the high of the bearish engulfing pattern @ 147.935 and
TP at support lower down @ 144.584
Don't bet the farm and have fun trading!
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #ForexGBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex
We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart.
I think here it is...
Right now we are at a possible level of resistance at this Daily Key Level $147.5.
I will be looking for my TP @ 145.5 - Potential Point B - H4 TF
Which is in Confluence with my H4 Key Level - $145.5
After that I will be looking for my TP @ Pending Point D for the H4 TF- TP - 149.9
GJ - BEARISH - COMPLETION OF 140.777 is HERE! #FOREX #FXPRONOWGJ - BEARISH - COMPLETION OF 140.777 is HERE! #FOREX #FXPRONOW
Here we go! The Completion of 140.777 is here... Finally lol
We just need a Bearish Engulfing and no F'ery lol and we got it...
180 Pips on a platter ready to be gobbled up! lol
GBP JPY in the zone143.581 - 143.379 is a lovely zone, you can see where price entered it and bounced bearishly ( to the downside, orange arrows ) and bounced bullish ( to the upside, purple arrows )
You can see the importance of this area, its like a sh#t city, nobody wants to stay or live there but you have to pass through it to get to where you want to go.... The candles are the same, they don't want to stay in this area because as soon as they enter this area they exit again.
We will be placing some SELL orders around this area as price will respect this zone or area again sometime in the near future.... You always have to stay 1 step ahead of the market.
GBP JPY BEARS TAKING CRONTOL!!!GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment!
At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South !
However, a clean break of 142.139 will give us indications that we will go directly to the target!
Personally, I want to see the pair re-touch 143.604 for a better entry and of course more Points ahhaha.
All the best!
Trading Protection
GBPJPY (GJ) Reversal Coming soon! (Long/Buy) GJ still in a strong downtrend. Anticipating for it to find some support in the 138.6-140 zone.
Posted this chart earlier didnt receive a trigger to buy just yet.
Will update this chart when trade is active.
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