Gbp Jpy is making a pullback to support and demand orderblock,marked in the purple box. A hold of this area can send GBPJPY to supply zone marked on charts. This setup has a good R/R and multiple confluences that it will play out. Please note: Do not risk more then 2% of capital on this trade.
Setup Contains: 1. Bullish to Bearish market Shift 2. Return To Orderblock 3. Fibonacci Retracement 79% FOLLOW PAFX & TRADE LIKE BANKS 💸
GBP JPY has a potential short trade in play. The market levels are key demand and supply areas where price is likely to react and turn around. Now that GBPJPY has retested the highs, there is likely to be a pullback to grab liquidity.
it in on upward trend, it will continue till above resistant
It seems the trend is moving towards where it had dropped lastly. So use proper management. !Happy trading
GBPJPY long setup, if demand area holds. Look for bullish candle confirmation before jumping in long.
GBPJPY Breakout support trend line is a very good opportunity to take a short trade here with stop loss above the support area "Always trade with Stop Loss"
Gbpjpy currently moving in downward trend, Looking for short term Selling Opportunities.
Price broke from 160.180 is a clean indication for price to move up, Wait for a retest and then GBPJPY is ready to go up till 161.100
Price can go down its opportunity to short term for sell because occur HEAD AND SHOULDERS chart pattern in GBPJPY
The Level has been rejected properly and now it is most likely to pump up with Buyers gang.
we have seen the pair move up till 95970 now is the time for sellers to come into action 133 pips down for now rest we will see if the market is still going down
gbpjpy still uptrend look at 1D timeframe for more confirmations
Looking for selling opportunities in gbpjpy, Proper money management suggested.
GBPjpy for long - pulling back from Demand zone - expected to go the resistance draw for more details see the chart
Overall GBPJPY is in Upward trend, Looking for short term buying opportunities for GBPJPY pair.
After break in the market falling speedly, it may bear for long term so use proper risk management !happy trading