GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair continued the down trend, its target price for the down trend will be at 131.18.
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Gbpjpyidea
GBPJPY signal (SHORT)Hello friends.
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Everything on the chart.
open pos: market and put 1 more sell limit order on ~137.25
targets: 132.1 - 131.3 - 130.3
after first target reached move ur stop to breakeven
stop: above 138.2 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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GBPJPY ANALYSISGood Day Traders,
I present this neat, and simple mark up of GBPJPY which formed a nice Head and Shoulders Pattern. Price broke out of the neckline and closed beneath and now doing a re-test of the neckline before Tanking down for 30+ pips to support. I will enter after a bearish engulfing forms after the retest candle closes.
gbpjpy shortWill be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry only if it goes up correctively, if it impulses through that zone will sit on my hands and wait to see what the market is doing. I wouldn't be surprised if we get a sharp impulse down through the monthly support level below into a bear flag continuation to the downside where ill be taking an entry if i see a clean structure of the flag.
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 137.22. The pair started a new down trend on 8th June after breaking support level at 138.29. The price is forming a lower-low-lower high pattern and moving towards its first target, which is at 135.99 and its second target is at 134.57.
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Rishikesh Lilawat
GBPJPY breakdown (SEE CHART LINKS BELOW)Great week ahead! sending many blessings to all in hopes that EVERYONE is profitable and EVERYONE is taking some time to breathe. PLEASE TAKE THE TIME TO READ. A lot can consume ones mind, but we must not allow these thoughts to define who we are. We all have the ability to be the best versions of ourselves RIGHT NOW.
most people fail at trading as even with their perception of their reality because it is in fact - THEIR REALITY. meaning that each emotion you feel comes from within, we do not need an external source to feel such emotions, but yet, get consumed by this, and then self destroy. why? the awareness that happiness is inside us all is blinded by the ego. the idea of control..and with control comes no flow.
a cancer to humanity. this ego. so let us let go of all of that, breathe with a clear mind and smash our goals!
they key im about to say will help with your trading career but as well with life. and thats the real game isn't it? so lets have fun and enjoy.
key: you are not your emotions:
- bringing AWARENESS to this presents the opportunity for all of us to VIEW our thoughts. this immediately takes us out of a reactionary state. people have a hard time realizing this as the conditioning is so deep that we've believed that HAPPINESS comes from an external source (material) when that emotion manifested from WITHIN.
- this new awareness breeds CHOICE. FREEDOM. now, knowing that every emotion you've ever felt has come from within yourself and not from the external, you can really understand how we've had a choice all along with each response. this new response no longer has to be conditioned. this new response is now pure, honest and the intent is with love. you can now see how easy life can be.
PRACTICE:
: identify the best version of yourself... think about who that person may be. feel that emotion. now, do you understand how you can be that version of yourself this very moment? so what is stopping you? you are that best version of yourself.
PRACTICE:
: breathing. inhale for 3, hold for 3, exhale for 3. this is a similar technique practiced by Marines & Buddhists which can help calm heart within a few cycles, calm your mind and your world will be calm.
PRACTICE:
: discipline & passion. you must break out of the chains that hold you back, and this can be a process for some. If you truly want something in life, you have to endure. the strong survive. be humble and DO NOT compare your chapter 1 to someones chapter 20. trust the process and understand that everyone has walked a different path. different experiences that have shaped who they are and you have your own path to walk. and we must crawl before we walk. so trust and just breathe.
cool,
I say this because I know that this will help all traders in their journey, as well as through your lifetime.
High vibes - you cant fake energy - cheers.
this is some information EVERYONE can benefit from, so please like and share.
TAKE PROFIT LEVELS ACHIEVED & WE LOOK TO GO LONG AGAIN - GBPJPY Hi all,
I have attached our previous analysis below where by price achieved our take profit levels. GBPJPY overall is still looking bullish so we may have another opportunity to enter long again. i will be looking for price to move bearish first to our marked entry before we see a potential bullish impulse move.
Entry, stop loss and take profit levels have been marked,
DO NOT risk more than 2% on this trade.
GBPJPY forecast 2 June 2020Hi,
as you can see GJ is at the Top to make big double top then move to the downside for minimum 350 pip and maximum 580 pips to reach the start of big impulse.
i based my analyses on Market Structure and Patterns, as you can GJ come to the top in a way of correction and it made rising wedge that indicated GJ is certainly to move to the downside.
THIS IS JUST BASED ON MY IDEA.
GBPJPY. Broken support level.Hi traders.
The price for the Pound is no longer supported by the support level,
this level is broken!
The price will continue to fall in the downtrend and reach the minimum values.
Good luck to you.
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This idea does not provide the financial advice.