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Gbpjpyshort

gbp/jpy sell gbpjpy has broken down from the head and shoulder reversal pattern and is now heading lower. Yen has been strengthening overall and it is interesting to see that even the USDJPY pair has been struggling. There is some risk off in the financial markets as a whole and that seems to help yen. The target is the depth of the pattern and is marked on the chart. There can be a partial entry at the current price and then some more when the neckline is re-tested if at all.
Short
by anshuman_05
GBPJPY MONTH TIME FRAME@717.347 All time High on 01Jan1975 @116.837 All time Low on 01Sep2011 GBPJPY market is falling down from 01Jan1975 As you see I marked 4 POI on month TF @208.117 and @188.631 this two POI are for short position. And if we see price is going to mitigate @188.631 my POI is calling them to mitigate there if you want to place order then place @188.631 short SL 198.358 TP 169.115 RR 1:2 Second short order @208.117 SL 221.481 TP 181.454 If price give us a breakout @215.892 which is high on 01Jun2008 we can see a BULL RUN ?! I don't know! But if price give us another breakout @251.115 which is also a high on 02Jun2007 then we can see a retrace and BULL RUN! And another 2 POI is for long position @161.976 and @139.478 I Think GBPJPY market is doing good going good. CHART LOOK'S GOOD AND CLEAR WHOEVER IS READING THIS COMMENT, YOUR THOUGHTS, THANK YOU.
Short
by VIJETEJBHIMRAOTAMBARE
UPCOMING "GBPJPY" MOVEAs we can see the GBPJPY is moving in a channel in one day frame + in one week time frame too . In addition when RSI get above 70 level it retests but it reached above 80 lvl so there is a high chance of a retest and there is a rectangular zone which is a strong resistance which was tested for almost 13 times so another great reason for a rejection and now it has also get overbought in RSI in weekly timeframe . Now all we have to wait is for a perfect rejection so that we can open our short positions. GBPJPY has been reached to this lvl after 6-7 years.
by siddharth_thakur
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