GBPJPY trade ideas
GBPJPY ANALYSISDon't go buy or sell after breaking the zones wait for candles to close Out of that zone
GBPJPY Going Downtown!Hey Guys, Been waiting for this short on GBPJPY.
I think it has aligned greatly for a short position, Will be updating the info as it goes. Stay tuned!
GJ shortGJ short trendline break market structure lower high and corrective phase in form of consolidation
GBPJPY break 0.618 for 4Hbreak 0.618 when fall back to support , bouncing from 0.768 and perhaps will arrive as another shoulder where sitting on 0.268
perhaps fall to 100% ,and bounce to 0.618 (as some strong resistance ) ,then go on
hahaha
Gbpjpy might take a bull run towards 153.00#gbpjpy
In a bullish channel , broke trend line in 4hr , took support from the channel & now retesting levels. .
If price bounce back from the yellow zone, all set to go up again
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.09.
Take Profits:
TP1= @ 149.70
TP2= @ 149.40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
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up trend in a pullback.Daily up trend in a retracement.
It may drop to 149.60 which is a buy zone on the trend , and its also .786 fib level .
