Major Support ZoneFew points to note here now GBPJPY is in yearly low and also in a MAJOR support zone, so we can look for a long. Should wait for the candle confirmation to buy.
GBPJPY.P trade ideas
GBPJPY IDEAAfter a 175 Pip move yesterday into the daily resistance, we seem to have rejected right off of it and moving bullish. Though the overall trend still seems as bearish I would expect sells to be much faster than buys due to the overall trend on the higher timeframes. If trend is your friend and the way Bullish Momentum is being pretty slow, I would think that looking for sells below the Daily Resistance would be a excellent choice as post that you have clean candles to the left to replicate from and the overall HTF Trend then coming into picture in a better manner. For those who look for patterns on charts, we seem to have formed a Head and Shoulders Pattern and if that is any form of confluence then Sells are the way to go!
💡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
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GBPJPY IDEABased on Fridays Analysis, We conferred that the overall outlook of GJ had turned Bearish. It looks like the the first 2 Weeks of the Monthly Candle tried and created a top wick and we did come down pretty hard on Friday moving around 75 Pips to the bearish side. As we now enter the third week, we will come back up to create a top wick on the weekly and should then continue moving down on the smaller timeframes to 149 Levels.
GBPJPY IDEAGBP/JPY Ranged today the entire day moving up and down the ranges giving a choppy price action.
Analyzing from the monthly time frame we seem to have created a top wick and seem to be favoring the downside. Weekly has created resistance and now seem to be going to the downside. Since Wednesdays move coming down we seem to looking forward to do a correction to at least 50% of the move and then continue going down to fulfill the monthly timeframes direction.
Personally i would wait for 30 min candles to close above or below the aforesaid range marked by the levels in the chart and the next candle to create a bottom/top wick before moving in the intended direction to take a trade.
This is not a financial advice. This is my personal view of the currency pair.
GBPJPY 275 pips winner 📈💰🤑Based on previous analysis of GBPJPY, the trade came out to be a winner. Target was 300pips but market printed 275 pips (satisfied).
Usually I close my trade if the moment on intraday changes from the desired to unwanted, thst means in this case the desired momentum was bullish but at a certain time the market started rejecting download (bearish momentum establishment) so i close se the trade and take all the profits already made!
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ALL THE BEST!
benicking signalsin this area i used a secret indicator to find next momentum in htf and then i went to smaller tf and then drawn a fib and then runned the sl to 0.0 coz the htf zone is at that level i think it amay fail because our sl must be above the area of level
GJ long this another amazing trade on gj catch 30 pips on that lets goo if you wanna get same trade as me Dm me
GBP\JPY long GBP\JPY was an amazing trade i took in london session preetry basic setup formation on 30 min timeframe and price had rejected that area 3 time in past really good 50 pips there if you ant this kind of signal DM me
gj sellpositionif gj breaks below and retests suppourt then its best position to enter and target1:10
GBP|JPY analysisGBP|JPY this analysis is purely based on technical i think it will go down if you look at bigger tf you will understand more and if you quetion DM me
GBPJPY, Weekly analysis , Sep 6-10Pound against Japanese Yen pair, has a bearish outlook from technical view this month, no exceptional of the downtrend this week too,
it has strong resistance of 152.250 or 152.500 zone, this area pushes the price down further in the coming week 151.750 area..and a down wedge pattern also support this bearish scenario..
The time has come for GBPJPYGBPJPY has been respecting an upward trend for quite a long time. Now it has reached a major resistance and formed head and shoulders, which confirms the fall has to come.
This is the setup of the previous video on GBPJPY.
GBP JPYIf GJ makes a head and shoulder pattern, then looking for a strong sell position.
Daily price is in uptrend and 4H timeframe is in downtrend.
Use proper risk management
Thank you
