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Gbpjpyshort

GBPJPY IDEAWith the Pound almost continuing its downtrend on the ending day of the third quarter, today is going to decide the trend for the next quarter from where is price going to stop at the EOD. If the current monthly resistance zone holds strong we are looking at excellent sell opportunity as long as we break the daily support zone. As we have clean candles to the left to mirror we will then see huge selloff positions. Also on the daily we look to have formed the ascending triangle pattern. If the pattern indication is correct we can look for a huge breakout pretty soon and we should be watchful of it. Overall bias still remains short. Looking for sells once we come out of the no trade range.
Short
by vaishakbhandary333
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (150.58). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 19. Take Profits: TP1= @ 150.18 TP2= @ 149.55 TP3= @ 149.19 TP4= @ 148.61 TP5= @ 147.89 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
GBPJPY SellAs we can see that the asset is simply following its all the conditions , like it went for the double top then from there it came down from the resistance. Now following the box, It is going to show a down side as given by the Bearish Candle, But it might also go for the resistance line. I will take the sell trade here because it seems to be a great opportunity. Traders can follow the higher lows and Trail Stop loss to get handsome profit; else Go for the given target.
Short
by VishvendraSikarwar
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
Short
by lofitrend
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (153.09). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 48. Take Profits: TP1= @ 152.59 TP2= @ 152.31 TP3= @ 151.90 TP4= @ 151.30 TP5= @ 150.89 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4