Gbpjpy: Short positionAs you can see in the chart, price arrived to daily strong resistance zone and at the same time it create a supply zone after trendline breakout at H1 time frame, thus we expect the decent opportunity for short.
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 MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest yo
GBPJPY bearish imbalance area detected you can sell here BOS on every time frame and also create imbalance area on 1H tf and you can check below the target area
GBPJPY SETUPGBPJPY is forming an ascending triangle pattern. Wait for either break to the upside for long positions or break to the downside for short.
GBPJPY SHORT Price is being rejected and building momentum for a bearish movement ,might needs a bit of patience
gbp jpy downside move possiblegbp jpy downside move possible
selling below the 184.975 stoploss 175.788 target 182.960
BUY GBPJPYI am looking for buy GJ at price 183.017 on strong demand zone .Do not enter without lower TF confirmation, and always use proper risk management. Take a risk of 1% to 2% of your account.I would appreciate your support if you agree with my analysis .If you are new to the forex market and want to lea
gbp jpy upside move possiblegbp jpy upside move possible
buying above the 184.461
stoploss 184.005
target 185.367
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