Gbpjpyidea
GBPJPY H1 Analysis Based On Price Action Theory.Sideways Trend
-Price Stuck between Resistance and Support.
Not move any direction
GBPJPY 4hr support looking strong hereGBPJPY holding to the 4hr support pretty strong as the demand zone looks clearly established with risk being small for a short term lucrative long.
Levels on chart.
GBPJPY - Sell biased outlook for 16 Sept 2020Hi all traders,
This is a video analysis on gbpjpy
I hope you like this video.
As always, i have pre-warn some important levels inside.
please take note of these levels and trade safe!
Cheers and thank you very much!
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GJ Sell SetupMuch like GBPUSD there is a nice break and retest trade at this zone for a potential sell for another drop at the retest👍🏽
Make sure you use risk management and always look to trade with the trend💯
GBPJPY - sell biasedHi all traders,
With ecb over and done with.
GJ has actually broken the major trend, so far, there isnt any much retracement happening.
So im expecting a retracement to happen within the next few days.
If it does, look out for the levels being informed.
Cheers!
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**Disclaimer: All trade ideas are of my own personal view**
Cheers!
GBPJPY is heading towards South and approaching August low levelGBPJPY
The price has reached the 142.720 which is low volume area there the price for rejected and resume the downtrend.
At 142.00 major psychological level the bullish reversal also got rejected and head and shoulder patter has formed. Left shoulder is a August high price-141.616 and the head is a the September high- 142.706.
And the price also bole the 141.00 level and 50% Fibonacci retracement level. On September 3rd the bullish trend line was clearly broken and series of lower low and lower high was forming which is signaling further downside fall.
Minor H&S pattern is also formed near 141.00 level. Currently the price is trading near 140 which is a major psychological level an qc 61.8% Fibonacci level.
Golden cross of 50,200 and 50,100 exponential moving average has happened. And the price is trading below the above mentioned moving averages.
RSI is showing the downward growth and it’s felled below 50. In one hour timeframe the stochastic is going to drop as it’s approaching 80 level.
On Elliott wave analysis the 5th wave is forming. If the price broke above the 140.00 we can short this pair a 140.500 level which is a 61.8% retracement of wave 03. Potential take profit will be around 138.00 level.
Brexit and political developments is Japan make this pair as more volatile. BOE will make a dovish stance and a loose monetary policy as counterpart
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
GBPJPY NEXT TRADE PROBABILITYAll the entries should be taken if all the rules of entries are applied .
Follow it for learning.
GBPJPY - looking for potential retracement then further upsideHi all traders.
Looking for potential retracement before we see more further upside trade for this pair.
Cheers!
Going to golden and Confirmation zone- D/4H/1H/30M Structure
- D Confirmation Zone
- 30M Golden Zone
- Trend Line ( Broken )
+ Lead and Lag Check
+ News Check
GJ Expectation #GBPJPYLongim in the trade and i expect the TP will be @140.50 if beak the trend line
GBPJPY 4H LongGBPJPY 4H
#TradingCircleStrategies
#FreeSignals
Trend continuation, has successfully broken up the previous strong resistance.
Nice risk to reward ratio (2.6)
Invest wisely, do your own analysis, and follow risk management.
Good luck!
GBPJPY ANALYSISPrice has broken out of my marked up level now i'm going long 100 pips TP and-50 pips SL
GBPJPY CLOSE TO THE RESISTANCE.ENG:
- Price close to our resistance zone/higher high, we will be looking for a long and a short setup, depending on how price behaves to that same zone.
PT:
- Preço próximo da nossa zona de resistência/higher high, iremos procurar por tanto um setup de compra como de venda.
GBPJPY, MIGHT SHORT LATER.**ENG**
- Price moving very impulsively towards our higher high/possible reversal zone.
- We can see that price is reaching overbought levels.
- Looking for shorts at the red circle.
- Only looking for longs if price breaks this zone impulsively.
**PT**
- Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão.
- Podemos também averiguar que estamos a atingir níveis de sobrecompra.
- Procurar por entradas em short na zona do circulo vermelho.
- Apenas procuramos por longs em caso de uma quebra impulsiva desta zona.
GBPJPY Short Be Quick?This is my short idea that is soon to reach entry price.
I expect another push down past the first bearish move today.
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GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 138.08. The pair may start a new down trend if it breaks the support level at 136.45. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 134.22 and second target price will be at 132.16.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
