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Gbjpyshort

Selling GBPJPY into a rally.GBPJPY - Intraday - We look to Sell at 167.75 (stop at 168.85) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Our profit targets will be 164.60 and 164.00 Resistance: 168.70 / 172.15 / 174.20 Support: 164.00 / 161.10 / 158.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPJPY(30) DROP DOWN ANALYSIS Hello, i was so happy with GJ last week, my analysis played out on the weekly just like I had predicted. Praise Jesus! So for this week, I want to see price open up with a small bullish momentum, move up to 158.587 price range after hitting -27.86% fib level. If you entered this position for a minor structure buy last week, this will be your TP2, there after drop form a small bearish momentum hit the trend lines, Finally push up with a bullish momentum to -61.80% as TP3 then drop there after. Trade with enough confluences, trade what you see and not what you think. Jesus loves you ♥️
by louisemwesigwa
GBPJPY TRADE PLAN UPDATEThe GBPJPY has had a strong run, rejecting both the weekly resistance levels of 152.864 and 152.553. GBPJPY, on the other hand, is trading sideways on a weekly basis. With two daily rejections so far, 151.455 appears to be a significant resistance level, and a breakthrough level of 150.567 is confirmation to sell at 151.455. or I take a chance on a 151.455 short position without confirmation. main target is 147 My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Short
by mytw0cents
GBPJPY Sell the breakdown.GBPJPY - Intraday - We look to Sell a break of 149.28 (stop at 149.56) A break of yesterdays low would confirm bearish momentum. Daily signals are bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Daily pivot is at 148.46. We look for losses to be extended today. Our profit targets will be 148.51 and 148.31 Resistance: 149.80 / 150.00 / 150.30 Support: 149.30 / 149.00 / 148.80
Short
by Signal_Centre1
1
Bearish Pressure on GBPJPY...Rejection!!Today's candle is definitely one of the candle that is important as we determine how GBPJPY may move in the next few days. The question that some of you may ask is if this is a retest for a BULLISH move or a fakeout. Personally, I see this more as a fakeout as 138.28 price level is where a strong resistance level lies and we definitely say a rejection for today's candle. BULLS have yet to show strength if a breakout is going to happen. USing bollinger bands, we can see that price level is currently at the upper band with great possibility of a BEARISH move towards the middle band. Ichimoku cloud yet to confirm a position as of now but will be an important indicator to look out for. Price is currently in the cloud and we will like to see it breaking down further which will confirm our short position. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex