gbpjpy double bottom **BUY**Nice double bottom formed on the poundyen. looks like the pair has broken above the resistance and is on its second retest. Look for this pair to shoot off to the moon in the next couple of days. FX:GBPUSD
Poundyen
GBP/JPYJust want to point out that GJ is approaching the 200 MA on the daily and the 4 hr. Watch the price action on those, should at least get a sell scalp off it. Look to retest level, might get a very nice sell if you let some ride (managed properly of course). It is possible considering all this pair has done is w-x-y'd for like... ever... Obviously it is long right now, but price action is choppy. 200 MA confluence daily-4hr. All I can say to look for at this point is a small sell (off daily 200). Market is just getting kicked off. Hopefully I will have time to post some more specific trades midweek off price action, but I may not have proper analysis time until next week.
GBPJPY Creeping Towards My Take Profit Then What?As predicted, GBPJPY is slowly creeping towards my Take Profit which is at the previous high level 148.000. When price reaches this level, I will bank the remaining portion of my position and look for signs of supply for a short setup. This setup will take place in the form of a bearish structure formation and I will enter the short upon confirmation of the break.
Contact me via direct message for any assistance required
Best regards
Linton
GBPJPY long opportunityThe pound just broke a resistance. i believe the pound is only going to continue to strengthen over the next week or so, but not after an exhaustion to at least the .618 fib levels, a safe bet would be wait until the pair has retraced back and wait for the next bullish engulfing candle to go long on the two. Set stop loss a good distance under the new support.
BULLISH PENNANT POSSIBILTYHye guys, the consolidation looks like the price formed a bullish pennant.
Cheers
GBPJPY long term ShortConfirmation for the short has occured from a bearish rising wedge in pund yen. This chart pattern symbolizes a continuation to the downside , which has been confirmed by a break of the bottom support and a retest of the new resistance. This pattern could still exhaust after the price pushed down a bit more, so look on the smaller timeframes to find a good entry point. currently on the 2hr chart price is in a wedge patten and looks like it may break upper resistance and make a shot term buy for lower timeframe traders. Keep an eye on the 150 area to make a re-entry on the long term sell and set stops 10 pips above the next highest resistance level.
GBPJPY BULLISH GARTLEYHi All,
Another set up Bullish Gartley on GBPJPY.
Let me know if you need information on the fib ratios/questions.
Goodluck
GBPJPY WEEKLY - SELL SETUPGbpjpy - This pair has fallen into a strong downtrend since last month especially the monthly and weekly candlestick closures, expecting another 500 pips swing down for this pair moving forward.
GBP/JPY Short- Meltdown into 140.00sBased on Weekly Price action for GBP/JPY we can see that This pair has broken a weekly Major Trendline and Retested the Area with some Choppy Consolidation and Rejection. A 61.8% rejection is also in line with Key weekly levels that also supports the idea that the -27% extension passed 140.00s will be reached.
A quick glance over at the BXY will also show some Pound Weakness as well as the Pound Drifts further and further down to key monthly Levels.
I will be swing Trading this Trade hopefully down into the 140.00 with Possible Scale in Oppurtunities along the way.
#pound #britishpound #gbpjpy
GBP / JPY - Broke bearish wedge - SHORT I hate trading this bear when the Pound is so weak, but I shorted this pair at the top of the wedge @145.2 and we're now retesting the edge of the wedge again, we're consistently breaking lower lows, but it takes time to get there, takes ages to rise and then drops each time, just like this!
142 is the target, but with eyes on 140, this pair is hard-work, so unless you want to feel the highs and lows of this trade, don't trade it and certainly don't watch it. I'm hoping to be out of it by 3pm Friday. Review my long term view below.
pound yen analysis If the market hits the orange tp then I will look for a higher close on a small time frame and get into this trade then sell off at a major trendline then back down short with the trend : if this changes then will need to reassess
pound yen short Hello everyone
At the moment a short of the pound yen could be going to the following levels before going back into the weekly trend however if we break these levels further south then will need to reassess what is going on
Happy trading
Kris
pound yen long analysis Hi everyone
this is what I see at the moment :
I see pound yen in a long movement upward to either tp1: 153.70 or up a touch more to 154.20 marker is where I would sell off if we lower lows form as we are still in a weekly downtrend. overall pretty clear and simple , I would either wait till it goes up a bit then chops back to the median brown line and try an entry their for a few pips: remember the trend is your friend
Happy TRADING EVERYONE
Shorting #GBPJPY as Another Swing Down for 800 Pips TargetsStop loss and Target Projected in Charts
Regards,
Dipak Zed
pound yen long analysis This is what I see at the moment, pound yen long could be a choppy way going up but we will see
happy trading
Kris
pound yen long and here is why based on my weekly trendlines and pitchfork and projections: this would be a great buying opportunity with a 4 to 1 reward to risk trade. my tp is the square box with the orange lines are tps all the way up to either take profit off or renter a trade all depending on your trading plan
happy trading everyone
Kris
pound yen correction then short ? Hi everyone at the moment if the price holds here , a correction will be made to either one of the two levels indicated where I will position myself to short back down to the pink /purple trendline making the weekly triangle
Kris
any questions comments let me know
GBPJPY - DAILY SELL SETUPGbpJpy - Daily. I see a good med-term sell on all JPY pairs for the next few months.
pound yen jan 4 2018 analysis 15 min Hi everyone happy
this is what I see the pound yen doing. Still uptrend , we have a little correction where I am looking at jumping in for a buy at my buy zone till then happy trading.
