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Gbpjpysell

GBPJPY Bulls Are Overstaying Their WelcomeGBPJPY reversed from the resistance zone and broke out the S&R zone and daily ascending trendline impulsively. According to the EW principle, a three-wave correction in opposite direction follows every impulse move. That's what is currently unfolding as a bullish corrective move in wave (b) The correction seems to be unfolding as a zigzag and it's about to complete. Once the correction is completed, the market resumes in the direction of the impulse. The bears have the potential to find a supply around broken S&R that lined up with 61.8 Fib. Look for the break of the parallel channel for short entries. Targets below wave (a) low is plausible in wave (c) of ((b)). What's your opinion on GJ? Let's interact in the comment section. Good luck on the chart! Veejahbee.
Short
by Veejahbee
GBPJPY, 1hr tf, inverted cup and handle to materializedHello my friends, Today i got some of my positions hit stop loss. It is a bad day for me and i believe this is a good experience as well as no traders can get it 100% right all the time. The most important thing is to keep our risk management all the time. Here are some of my positions which hit SL GBPCHF pairs for -50 pips USDJPY pairs for -45 pips For today i am gonna trade lightly with GBPJPY pairs. I am using 1hr time frame for today as i spotted a possible entry. There is a possiblity inverted cup and handle is forming. Price now below the kumo cloud which is red colored. We got parabolic SAR above the price indicating sell pressure on it. Sell GBPJPY 136.45 Stop loss 137.00 Take profit 1 @135.90 Take profit 2 @135.35 RR Ratio is 1 : 2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
3
GJ 120 pips Sells BreakdownPrice broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this trade was pretty good. As soon as we tapped into the broken support zone, I took an entry with half of my usual risk, stops were above the previous candle and my TP was highlighted on the chart. Profits were taken at each of the support zones as we tapped into them, this lowered our risk and secured profits. When we hit our final target, we removed our TP and let 10% of the trade run, the target for this was 135.887, as this was a possible rejection zone and also 120 pips profit. This target was also hit before price formed support to continue back up.
Education
by rhf_fx
GJ Analysis 30/09/2020 -- Update Longs and Shorts TakenWe already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance to form on the 15m timeframe. When the next bearish 15m candle broke the low of the previous candle, we executed sells with stops above the current 30m candle, Price than ran to our target where we secured entries and left a runner, our runner ran for 52 pips before support started forming, so we closed runners at 52 pips. Overall we caught 62 pips from this analysis
by rhf_fx
2
GJ Analysis 28/09/2020We are looking for a break of support at around 135.350-00. If this happens we would look for a resistance to form on the lower timeframes before looking to sell back down and fill the clean range down to 135 flat. The reason I am not looking for buys is that the upside is very choppy and there isn't a clean range to long into. However if we respect the support which we just broke back into, we should fill the range back up to 135.600. so that would be your buy opportunity.
Short
by rhf_fx
GBPJPY - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Slowly rising market structure.. 4 HOUR Small pullback to the upside, good short entries! DAILY Overall bearish market structure in a small pullback.. - FOREX SWING SELL GBPJPY ENTRY LEVEL @ 134.670 SL @ 135.210 TP @ 133.310 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
49
GBP/JPY - bearish flag pattern forming before next push down!GBP/JPY price action on the 4H timeframe has formed a very convincing bearish flag. Price has been trading between 136.4 and 135.4 since the bearish impulse from last week. We are anticipating that this is a current zone of consolidation before the next bearish impulse to the downside. Once we get a break and close below structure at approx. 135.3 (or lower) we will be looking to enter short. First target after entry would be 134.4 and then 132.3. If price closes above the range at 136.4 this analysis would be invalid. Happy trading guys 🙌! Lets make it a great end to the week.
Short
by TheForexFellows
GBP/JPY - break out from daily sloping support!GBP pairs have taken a real hammering this week, and GBP/JPY is no exception! Price yesterday broke outside daily sloping support which has been intact since the lows from March. It has since bounced from the support zone circling 135.35 and is currently on a pullback leg of its move. We believe that this is looking like a great opportunity to sell the currency pair. Price could now pullback to retest the sloping daily support turned resistance before continuing it's journey downwards or it may even turn quicker at the resistance of 136.39 which it currently finds itself at. If price breaks and holds above the sloping daily support turned resistance line, this analysis would be invalidated.
Short
by TheForexFellows
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 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit