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Gjshort

GBPJPY Technical Analysis as we approach London Session 1/21/22My Bias is Bearish for this Upcoming London Session 1/21/22. I believe we have strong bear momentum and can continue bearish to 154.150. I have drawn the Levels we should pay attention to carefully. I'm looking for sells around 155.200, where there is a 1hr zone. This is a good pullback spot to go short, worth the Risk:Reward, trading with momentum. Additionally, Negative retail sales for GBP certainly doesn't help a bullish GBP as we approach the end of the week.
Short
by ShrewdCatfx
GBPJPY Reaching Weekly Resistance / Volume ClusterGBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.
Short
by Pak_shaheen
GBPJPY SHORT (Mean Reversion)Confluences: 1: Stop loss hunt at previous high on weekly chart. 2: Price heading towards high of the year(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair Summary: Price is currently over extended and has been moving in a up trend for 2 weeks straight. We are looking for a potential stop hunt at the high of the year where many retail stops may be sitting. There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the upside in a few weeks to come. This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high. We will see how this current weekly candle closes before looking for any entries early next week.
by NDOBObanks
GBPJPY ShortMy view of GBPJPY . Potential short opportunity. I expect the price to come back up to mRA (minor Resistance Area) , where our entry is (152.239). Stop Loss is above MRA (Major Resistance Area) at 153.465 . From there I believe the price will get back down to respect the downtrend and head down to our PBA (Pullback Area) at 150.727 . From there we either A : Break the PBA to the downside or B : Bounce back up from it. A break of the PBA would be our confirmation that we are heading down to our Take Profit 1 which is at 149.202 . UK GDP q/q release is on 30th of September 2021 . If the release is positive, that should trigger our order. PARAMETERS - Entry: 152.239 - SL: 153.465 - TP 1: 149.202 - TP 2: 148.466 KEY NOTES - Entry at mRA (minor Resistance Area) . - Break above our Stop Loss would result in breaking the downtrend structure . - PBA is a key level with 2 possible outcomes. - UK GDP q/q release on 30th of September 2021 . Happy trading!
Short
by BANDZTRADES