Gbpjpyforecast
GBPJPY ShortAfter a very good trade on GPJPY last week, again there is a very good short opportunity.
GBPJPY SHORT TRADE SETUPThe 4-hour turning down with a bearish sequence against the 6/05/2020 highs at 139.74. The 1 hour is turning down against 134.69. While below there expect the pair to extend lower.
Sell GBPJPY
@134.45-60
TP: 133.70-50
SL: 135.00
Good luck
GBPJPY SHORT TRADE SETUPThe 4-hour right side is turning down against 6/05/2020 peak (139.78) & shows a bearish sequence. 1 hour is also down against 136.34 high & shows a bearish sequence. Near-term, while bounces fail below 136.34 high and more importantly below 139.78 high expect pair to extend lower. We prefer selling intraday bounces in 3, 7 or 11 swings against 136.34 high in the first degree.
Sell GBPJPY
@133.75-134.06
Target: 132.80
Sl: 134.44
Good luck !
GBPJPY SHORT TRADE SETUPThe 4 hour right is down against 12/13/2019 peak (148.05) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
SHORT GBPJPY
@132.40-60
TP: 131.60
SL: 133.20
GOOD LUCK !
GBPJPY WEEKLY FORECAST (2OTH TO 24TH APRIL)The daily and 4 hour right side is down with a bearish sequence against 147.93. While below 135.75 where the hourly is turning down it can continue lower again.
GBPJPYBearish Divergence + Head and shoulder pattern about to form + Market is retesting the Resistance area
GBPJPY SHORT TRADE SETUPThe 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . The correction of the cycle lower from there ended at 144.61. While below 143.28 where the hourly right side is down another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.
GBPJPY Weekly Short Trade SetupThe 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher aga
GBPJPY LONG TRADE SETUPThe 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.
