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Gbpjpyshort

GBPJPY: Following the BEARISH MOMENTUMHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: After a quite long period of uptrend inside a rising wedge, the market broke the structure to the downside, starting a new bearish impulsive phase. As you can see on the chart, since the end of October, the market has been performing impulses and corrections to the downside, and considering the overall bearish momentum in most JPY pairs, we can still see the possibility of further continuation till is LTF swing low and so on till the bottom of the beginning of the rising wedge. When, where and why would we step into the market? It’s a market condition that we like and the structures are quite clear. Although we don’t see enough confluences to enter this market from the top of the LTF structure, as moderate traders, waiting the breakout and continuation will definitely limit your losses. 163.000 is our first target, only if all the conditions will be respected. In the scenario of reverse or breakout to the upside, this setup will be invalidated and no action will be taken on here. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
16
GBP/JPY Price Analysis Bearish OutlookGBP/JPY break of 166.00 will bring a deeper pull back to 162.00-160.00 support and below. It's creating a Head & Shoulder Pattern. Any convincing close below that level will drag the pair to the next level. GBPJPY hits an intraday low of 168.42 and is currently trading around 166.47. Every Upside can be an excellent opportunity to Sell on the Rise. Significant Levels - 166.00,164.50, 163.20, 162.50, 160.00. DM TO JOIN OUR FREE ANALYSIS GROUP. Cheers!!
by GraceLeow
GBPJPY - Daily Trade Idea - 10-Nov-22GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1