GBPJPY SET TO FALL GBPJPY is sell to fall, there might be profit bookings in coming sessions. I have two setups, one is 15m and 1hr timeframes.
look in the chart, once the bearish trend start its set to fall. happy trading.
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About British Pound / Japanese Yen
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
Gbpjpy possibilityGbpjpy ve possibility dear trader possibility of Gbpjpy Some Time If you See The impulse move Then Wait For 3/5 Candle M In 15min Time frame Then Sl will Be Very Small You can Hold it How Far Price Going up don't know But we Can only Predict
Bearish DivergencePossible Bear Moment
As you can see the price action is on uptrend and over sold while the RSI is loosing the strength, creating a bearish divergence and a Short trading Opportunity with close SL
gbp jpy buy idea,gbpjpy, can go more up in strong trend, here you can get safe buy trade , sl at previous day low, and entry at 0.5 lvl, there is also stuck area breakout at there. it can come there to retest. youcan get 1:3 rr ratio.
GBPJPY LONG INFLATION IS COMING SOON INFLACTION EXPECTED TO COME DOWN FROM 10.1 TO 8
WHICH IS GOOD FOR CURRENCY
STRONG SUPPORT BELOW
200EMA IS BELOW THE PRICE
BEST 1:8 TRADE
Forex factory analysis link below
sell GBPJPYGBPJPY is distributed at the top and the bottom liquidity is creating eventually institutions are eventually will grab the liquidity and fall down. don't look the long position price is now at the distribution stage. it is for education purposes only.
for a good trader is not about making money onl
Bearish Outlook for GBP/JPY## Introduction
In this analysis, we will discuss a potential bearish outlook for the GBP/JPY currency pair.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
