GBPJPY SELL | Great opportunityHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPJPY .
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Gbpjpyshort
GBPJPY SHORT TRADE SETUPthe daily right side is down against 156.78. The 4-hour right side is up with a bullish sequence against 131.71. While above 138.20 where the hourly right side is up with a bullish sequence it can see a swing higher toward 147.38 before ending the cycle up from the March lows
Sell @140.90-141.10
TP: 140.10
Sl: 141.33
Good luck !
GBPJPY Weekly analysis Jul 13 - 17 , 2020Hi traders,
Have a great week ahead,
Pound against Yen, is trending upwards towards the resistance of 134.400 and the support of 134.870 in the starting of the week, and expecting the trend will be bearish till the major resistance of 133.600..
Note- Weekly price action analysis based on technical..movements subjected to change also
GBPJPY 4HR ProjectionOverall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.
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 Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=142.05.
TP4: S2=141.25.
Set the stoploss of these orders at breakout of R2=143.6.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=143.6.
In this situation, there is an expectation to reach the target R3=144.65.
Set the stoploss of reverse orders at breakout of R1=143.4.
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