Gbpjpyprediction
GBP/JPY FOLLOW THE HEDGE FUNDS!Add GBP/JPY in your watchlist, it seems it is ready for a potential down move 📉
Things to consider:
1. Big impulse last month, now taking breath
2. Traingle Formation
3. Hidden Divergence in RSI
4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k
How to enter:
1. Study the chart as shown in my analysis
2. Wait until trendline is broken and turned into resistance
3. Entry should be taken on 4hr timeframe for better R:R and enter when moment is downwards
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks ago!
THIS WEEK...as I said a few weeks ago GJ made the 700 pips we announced and rejected from the target area number 1
Now, I expect a period of range and a retest of the trend line but at the first close even on 1 day below area 148 I will enter SELL until area 142
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GREAT ATTENTION:
*This information is not a Financial Advice.
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks .... GJ has reached the trend line and strongly rejected ... which I still look forward to.
Even if he can make another range, I expect GJ to go down the steps to area 148 ... and from there I'll reanalyze!
THIS WEEK...GJ has already made 50% of the descent we were waiting for!
Even if it will probably retest the trend line ... my target for the next period remains 148,400
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBP/JPY SELL FROM 1.42 REGION - SHORT TERM SELLLooking at shorting GJ from current price when markets open looking at price action we can see that we have hit a point of resistance wed haven't broken this zone since 13th jan not only that every time we come into this area of 1.42100-1.42200 we start to see bearish price action showing this level of resistance could hold once more but you have to remember that we are in a strong uptrend so this trade would be going against the trend but its worth the shot as the risk to reward is around 1:8
we can see that we have been in a bit of consoldation recently for the past two weeks my general outlook on gj is still bullish but this move here could catch around 100+ to the downside
Reasons for sells
1. daily closure Friday bearish
2. weekly 200m respected
3. At the top of the range/at a strong level of resistance
SELL FROM OPEN WAIT FOR 11PM
ENTRY : 142.000
STOP LOSS 142.150 (15PIPS)
TAKE PROFIT 1 141.000 (100 PIPS)
TAKE PROFIT 2 140.400 (170 pips)
Looking at the overall trend of gj is bullish which means this is counter trend trade use only 1% of account balance
Trade at your own risk
GBPJPY 4HR LONG PROJECIONHello Trades, Welcome back to another GJ analysis.Overall bullish trend, so positively our buy entry shall give us a good result.Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
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 TERM TRADE SETUPTechnical Analysis- The 4 hour right is turning down against 4/09/2020 peak (135.74) but shows a bearish sequence. 1 hour is turning up. However, while near-term dips remain above 131.44 high expect pair to extend lower 1 more push before cycle from 4/09/2020 peak ends & a bounce higher in 3, 7 or 11 swings could take place.
Signal- Long GBPJPY
@129.50-25
TP1 : 130.10
Tp2: 130.50
Tp3: 131.10
Sl:128.80
Good luck !