Gbpjpysell
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPJPY - SHORT This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.
Short GBPJPY @ 155
TP: 153
SL: 155.30
Good luck!
GBPJPY, 4hr tf, sell the end of wave-ivTrade ideas for GBPJPY by Hardi
Price right now on horizontal resistance level. There is also EMA-50 on this resistance level so we could say this is an area of confluence.
Yesterday we see an aggresive meltdown on GBPJPY, which i assume as the wave-iii.
Right now, I am assuming we're at wave-iv because it is retracing the recent meltdown. We will use wave-i as our protective stop loss based on Elliot Wave Theory
Sell GBPJPY 153.70
Stop loss 154.20
Take profit 150.70 (6R)
Use only 1-2% risk
Good luck
GBPJPY Forming Bearing Pattern As we can see on the GBPJPY daily time frame since last December, the Bull keeps the market up strongly, and the Pound was getting stronger than strong against YEN. After the G7 Meeting and Federal Reserve Meting, the Pond is getting weaker slowly. We are going to open a short position from the current price level.
GBP/JPY reversed from descending trendline , fall likelyGBP/JPY couldn't break the descending trendline resistance and currently,
price is on it's way to the 154 level.
Sellers who sold at the resistance, can continue to hold their sells and target
the 154 level as initial TP.
Fresh sells can also be executed if price reaches the 155 level once again.
GBPJPY Looking For A Short ( Sell )GBPJPY little bit of bearish flag possible continuation down if previous high structure is not broken.
Looking for a simple R:R 1 To 3
What are your thoughts let me know in the comments i love to hear from everyone with what they see also any feedback on my chart layouts are they easy to understand ?
GBP/JPY New Short Setup Available To Catch 140 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY Is Heading Lower In Three Waves.GBPJPY has just completed a five-wave impulse to the upside and according to EW principle, a three-wave correction follows every impulse sequence.
If this count is correct, a decline to the previous fourth wave low is plausible in circled wave iv.
Do you think bears will take over on GJ? Let me know in the comment.
Thanks for reading!
GBPJPY Sell Trade (My View)Nice Pair To Trade Today. The Only JPY Pair That Didn't Show Some Nice Movement With The GBP Strength .... Early Entry Here With The Higher Highs Being The SL Zone... Perfect Pair To Look For Sell SetUps & Executing .... Not An Ideal Ideal Trade But A Trade Worth Taking $ Profitable One If It Plays Out.... Risk Things!!
GBP/JPY at the channel top, sell idea!GBP/JPY is struggling to break the channel resistance. Multiple rejection candles
have formed in the channel resistance area.
So, there is a likelihood of a drop in GBP/JPY.
A sell entry@154.20-154.70 with SL above 155 and TP at 150.30
could be a possible sell signal if the bearish price action gets stronger.
GBP/JPY Running In 120 Pips Profits And New Short Option AvialbeThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions