JPYGBP trade ideas
GBPJPY expected to dropGBPJPY looking bearish, although it can make a slight bullish move and then drop. Overall we have a bearish reversal incoming.
💡Don't miss the great sell opportunity in GBPJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (156.40).
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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 155.31
TP2= @ 154.46
TP3= @ 153.53
TP4= @ 152.48
TP5= @ 151.60
SL: Break Above R2
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GBPJPY 15M TFPlease be careful with your trading next week and the weeks to follow, especially those of you who trade commodities (Gold and Oil in particular).
Explosions have been confirmed in Ukraine (Donetsk Province) and according to local media, Russia is attacking Ukraine.
Also, for those of you who have opened positions on Gold, expect the week to open with a considerable gap. I suggest you stay alert for the market open and make sure you minimize your exposure or even not have any exposure at all. If needed, accept a loss rather than wait for your account to be blown.
For those who trade crypto (markets are open during weekends), remember that cryptocurrencies are risky investment assets and the appetite for risk greatly reduces when there are hard times on the horizon. Therefore, my advice is to take a break from trading crypto as well.
I hope you all have a good weekend and stay safe🙏🏼
GBPJPY ANALYSIS ON H4 CHART.Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000.
The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged.
Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%)
Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K)
Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%)
The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8).
GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term buying opportunities of GBP/JPY.
short GBPJPY, if came below 155Current market position is very near to all time high of approximately 4-5 year, and forming a M shaped chart pattern, but we have to wait till market closed below 155, because it will reconfirm the downward trend, also RSI will indicate downtrend.
Good trading day.
{GBPJPY GREAT SHORT OPPORTUNITY IN DAILY}after a long trend and failed to break resistance and started falling. Enter with good risk management
Happy trading!
GBPJPY ShortWe can make GBPJPY short if, RSI comes below 50 in 4hr time frame, As current level is approximate to all time high in 4-5 year, so there is high probability for a down trend from current level.
GBPJPY Long ProjectionSetup Contains:
1. Accumulation Phase (Asian Session)
2. Manipulation (London Session)
3. Break of Structure
4. Return To OrderBlock
5. Distribution
FOLLOW PAFX & TRADE LIKE BANKS 💸
GBPJPY ANALYSIS FOR 07-02-2022Enter after the pullback for strong confirmation
note:beware of fakeouts
💡Don't miss the great BUY opportunity in GBPJPYPlease show your support back,
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ForexCity|Signal Team ❤️
💡Don't miss the great buy opportunity in GBPJPY
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (155.43).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP5= @ 159.01
TP4= @ 158.34
TP3= @ 157.68
TP2= @ 157.15
TP1= @ 156.68
SL= Break below S2
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. . . . . Please show your support back,
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Now, It's your turn !
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GBPY ANALYSIS FOR 04/02/2022Wait for the candles to close at zone and enter after the pullback for strong confirmation
Note: Due to friday beware of fakeouts
gj seems perfectly bullish well as posted yesterday its heading up and we can see that it broke resistence and now moving a head so im hoping it will hit my target
GBPJPY ANALYSIS FOR 03-02-2022Wait for the candles to close at the Zones and enter after the Pullback for strong confirmation
gj seems perfectly bullish well gj is perfectly going up and now one can enter easyly now its breaking all structures
GBPJPY LONGThis is scalping Setup So if you will take this order after reached the 30M order block and Set TP for 30 Pips.
