Gbpjpyidea
GBP/JPY Direction?Good day, snipers. Here in GBP/JPY, I will first see how price reacts this London Session. If I see a rejection candle of the support level, I will go long and send the entry to my students. If it breaks, I will wait for that retest before going short. Updates sent to personal students.
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GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 135.99. The pair started a new up trend after breaking the resistance level at 134.76. Previously, the pair was consolidating in the resistance and support wedges. The pair has already started a new up trend by breaking the resistance level and touched all its targets. Its first target price was at 135.76 and the second target price was at 136.38.
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Rishikesh Lilawat
GBPJPY Buy Opperunity GBPJPY Buy Opperunity wait and watch and taking entery where CTLB then buy entery ...
GBP/JPY Wave Analysis
The counter has completed its first leg (wave A) of the bear cycle with a 5-wave formation.
Now, it is at a strong resistance zone which can trigger the wave B correction.
Hence, we expect the pair to be bearish in the near-term.
GBPJPY TRADE IDEAGBPJPY - We have a downtrend closing in on the support level. Will be waiting for a break or a bounce from the trendline resistance here. If it is a break and retest I would go Long, I would have 3 TP's: 48 pips, 75 pips & 114 pips and SL would be 20 pips. Small SL because I don't really want to stay in the trade if it goes back into the wedge.
GBPJPY short trade ideaPlan: wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPJPY short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPJPY Idea - SHORTMy thoughts on GBPJPY... if this resistance holds, I see price going down towards 133.35.
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by 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 1st target price will be at 133.42 and 2nd target will be at 132.30.
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.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
GBPJPY | WEEKLY FORECASTAfter hitting a Double Bottom in June 2020, The Pound began to build a Reversal structure this month (July 2020) as it Breakout of the neckline (134.000 level) last week.
Tendency: Temporary Uptrend ( Bullish )
Structure: Double Bottom | Support & Resistance
Observation: i. Our Double bottom describes a change in trend which emphasizes a momentum reversal from prior Bearish price action.
ii. This Reversal looks like a long term prospect but its appropriate that we take it on a week to week basis.
iii . A Breakout off of our Resistance Key Level (neckline) that has been respected since mid-June 2020 became our new Support level in the latter part of last week.
iv. As our New Support gets stronger with engulfing candle, a prospect for a Bull in coming week(s) becomes feasible.
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:2.5
Potential Duration: 1 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBP/JPY, possible short term Sell by market.GBP/JPY is currently jumping around resistance area with not clearly breaking it. I am looking for a positive candle to be printed under the key level and then I would enter the market by accurate instant sell order.
GBPJPY, SELL on H4Probable Harmonic pattern
Recently it created a double bottom @ 131.90 zone
it might complete the harmonic pattern before going long buy.
we can take a short sell entry at 135.70
and target is near 133.70
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 134.02. The pair may start a new up trend if it breaks the resistance level at 133.89. Previously, the pair was trading in an up trend and after touching the resistance level it started consolidating in the resistance and support levels. The pair may start a new up trend if it breaks the resistance level, then its first target price will be at 136.81 and second target price will be at 138.61.
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.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
GBPJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPJPY GBPJPY parece estar en un canal alcista en días, sin embargo podría salir del canal e ir hacia abajo, seguiremos esta semana de cerca y ver que rumbo toma.
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 133.01. The pair is consolidating in the resistance and support ascending triangle wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 133.55, then it may start a new up trend and its target price will be at 135.59. If the price breaks the support level at 132.84, then it may start a new down trend and its target price will be at 131.85.
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.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
GBPJPY THIS WEEK ANALYSIS ..In this analysis we are clearly mentioned that there are two possible trends of gbpjpy in this week buy or sell.as we plotted read zone area where we do not put any entry until its break this red zone area.
GBPJPY AnalysisExpecting price to go sideways or re-test 134$ and then an uptrend till 139$.
wait for buys will get great profit
