Gbpjpysell
GBPJPY ANALYSISGBPJPY is trending downwards. Price broke a level of support, and i'm currently awaiting a pullback to the resistance to test it before TANKING HARD!, SL above previous highs and TP at next Support.
Will GBP/JPY finally drop?Hey tradomanics,
technically we see a very nice entry for a GBP/JPY sell here. AS the fundamental situation is still very mixed it is obviously very risky to trade a long on DXY and JXY since risk-on-sentiment is causing trouble for both currencies.
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Peace and good trades
Irasor
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GBPJPYTime = 1H
– Structure = Uptrend
– Pattern = Elliot wave
– Tendency = Downtrend
Time = D
– Structure = Downtrend
– Pattern = Fibb Retracement
– Tendency = Downtrend
*** Price tested & Couldn't fully breakout 0.618 Fib Resistance.
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION!
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
FURTHER SELLING MOMENTUM ON GBPJPY Further bearish potential on this pair to marked levels.
Entry, stop loss and take profit levels have been marked.
Do not risk more than 2%
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 BEARISH 7-9th June (big picture)GBPJPY BEARISH 7-9th June (big picture) Please leave a follow and like if you find it useful and I will keep posting for you guys!
this week will be small/big fall but we'll have other bearish on June:)
GBPJPY BEARISHGBPJPY BEARISH Please leave a follow and like if you find it useful and I will keep posting for you guys!
GBP/JPY - Sell Opportunity!We are waiting for price to retest the 131.300 area for potential sell entries
GBP/JPY - Sell Opportunity!Price is making a series of lower highs and lower lows which indicates a down trend. We are looking for price to come back to retest our highlighted area for sell entries.
GBPJPY - SHORT DowntrendGBPJPY tried to break further into 131, but failed and was met with a lot of resistance. Therefore, it will start the downtrend.
GBPJPY CONTINUATION SELLThis pair broke past intermediate support, I am anticipating a continuation on the down trend at least to the first target.
My overall thought on this pair is that it is traveling down to 15, may be 122 area.
I'd wait for a retest of intermediate support to enter a position.
GBPJPY next week trade setupGBPJPY you can see my last anlysis on gbpjpy it has reached to its target and now it will further go down but first it will retrace a little bit to buy than continue its sell trend.
GBPJPY CONTINUATION SELLI am anticipating price to continue to the downside.
My analysis is based off of Elliott Wave Theory.
On the Daily, it appears as though price is retesting the 4HR support and looks to have turned into resistance.
I would enter here for a sell. Short term, I'll likely TP 128.50. Price would need to break through intermediate support for me to hold the trade to the downside.
Long term I see price traveling down to 122.XX area.
What are your thoughts on GJ?
FURTHER SELLING POTENTIAL ON GBPJPY Price is currently at a point of support where we may see it retrace to our marked entry point before advancing lower. Entry, stop loss and take profit level has been marked.
Do not risk more than 2% on this trade.
GBPJPY Short trade opportunity! On screen analysis...Hi traders,
GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys.
As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance.
On the 4 hour chart you can see a Counter trend where I drew a purple trend line. A break of the trend line will give us a nice opportunity to go short on this pair.
The first target is based on a Fibonacci Retracement level of 0.618
The Second target point is the last Lower Low seen on the Daily chart
The Third target point is based on the Fibonacci Trend Extension level of 0.786
Be patient and always trade with care!
GBPJPY WAVE 3 COMPLETE - SELL AFTER 4TH WAVE RETRACEMENTI am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
