GBPJPY SHORT from yesterdays aggressive move on GBPs, we can see that today a correction is happening, look to sell the continuation with great risk to reward.
Gjshort
GJ SHORTS TO CONTINUE Expecting GJ to continue down next week. Brexit BS to continue and dollar strength could continue as well.. GBP had signs of strengths this week. But, in my opinion it was just normal behaviour with whipping back scaring and crushing new sellers out.
We will see!
GBPJPY SHORT-AFTERMATH OF THE RETESTprice broke out on the downside and as expected a retest occured.However the correction seems to be forming and a bearish trend will follow
tp-145.186
sl-148.617
NB-my analysis does not include fundamental analysis
GBPJPY - LOOKING FOR A SUBMARINE - DAILYGJ heading to the bottom of the ocean (or TL, call it the way you want to) after today's pullback. Watch 1H, 30m, 15m or 5m for entries. Put a SL. When your trade hits your first TP, move SL into profit and let it ride (or just close it, that works too). Watch for the news that will probably boost GJ's ride. Peace for you all. GBPJPY
GBPJPY - Short 200pipsPrice has returned to the big picture trendline resistance. it seems to have respected it and one candle broke out of the smaller timeframe Range. it is retesting that break now, and it will continue to fall.
GBP/JPY Trade IdeaComparing price movement from last swing high to swing low point (boxed in yellow); price models similar movement, hitting similar key levels. The market repeats itself in structure. For demonstration and educational purposes.
GJ SellThis can either go two ways right now. Either it will explode through The yearly high/ resistance around 152.8, or it will complete the simple M formation and stay within this trading range. I'm guessing if it goes back down we can expect 150.00 before the end of the week. If it closes about 152.8 by daily close I expect more upwards movement toward 160.00
invst.ly
Long term Short GJLooking on the weekly chart for trend structure and as an engulfing trader I saw the market moved to a support level around 137.303 and 137.202. Last week broke out of the descending wedge that you see or flag pattern. It look like this week is going to confirm that breakout to the downside and may move all the way to 126.761
GBPJPY SELL TO 135.00 Level GBPJPY is now in a downtrend towards the 131.xx levels
Keep selling lower highs and lower lows until any reversal.. !!!
