GBPJPY LongGBP was originally thought to be on an uptrend last week, but looks like the actual movement is currently hapenning. We had a huge break and retest of a signification resistance level. Looking to target nearest highs
Gbpyjpy
Holding Critical Sell Resistance 133.20 (Could Break or Return)GBP/JPY tested the key-resistance at 133.19 but failed to break above in the first attempt, but after a minor correction, a second and more successful attempt should be seen. A break above key-resistance at 133.19 will shift the currently alternate count to the preferred count and this outcome looks possible towards Major Resistance 135.10
In the short-term, support is seen at 131.97 and ideally, this support will be able to protect the downside for the next attack on key-resistance at 133.19. A break above here will call for a continuation higher to 135.38 on the way back to 140.95.
If price come back to support 131.50 level possible break downside more towards 125.60 medium to long term.
R3: 133.59
R2: 133.19
R1: 132.40
Pivot: 131.97
S1: 131.56
S2: 131.20
S3: 130.65
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Simple test entrance I was looking at GBP/JPY this is what I confirmed so far it was a quick test hope you guys like it and take action of this
GBPJPY Bearish ChannelGBPJPY Retraced back to the 61 Fibb, failed to break resistance even on the retest and it look possible for the bearish trend to continue.
What goes upGBPJPY has been on a northern run, but is now breaking the rising wedge and falling. I anticipate a 32.8 retracement due to the strength of the move.
We shall see
GBPJPY shortWe notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
GbpJpy 70% sell (Counter Trade)This is a Counter trade, My actual trade will be a Buy around the 38% area.
I'm on this trade with a smaller lot than regular.
GBP/JPY - Going long after a lengthy rangePrice has broken a ranging zone after 10months.
Currently forming a H&S at 4H view. wait for a bounce from it or bounce from trendline.
Very Long term - bullish
Target: 163.200
Pips expected: over 1500
Look at chart for graphical instructions
Bullish Gartley Completetion at 141.55Price has already entered prz. wait for retest of 141.55. tp 1 60 pips tp 2 90 pips sl below X
GBPJPY Ready for another large down move.Been waiting on this move for a while...
Take the break and trade the trade.
GBPJPY - Long opportunity + D & H4 Just keeping an eye on this one, dont know what happened yesterday, hoping for a long opportunity when it comes back up?
GBPJPY Short 1HOUR... Elliott Wave, RSI, ResistanceThis pair may keep going up until it hits the major resistance as it has on numerous occasions as you can see by scrolling to the left. I feel as if it will break down before it hits the resistance level but we will just have to watch. Good luck.
GBPJPY ShortGBPJPY broke out of the channel due to brexit news, as the previous lower channel break shows, most channel breaks get retested and a lot of times, re enter the channel. Along with bearish SMAs
Use Proper MM
