GBPJPY SELL WEDNESDAY, 6th 2020
#GBPJPY SELL
ENTRY = NOW 132.500
SL = 132.800 (-30 PIPS)
TP = 131.300 (+120 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
Gbpjpysell
GBPJPY Up Move Rejected - Consolidation Channel Entered. SELLGBPJPY showed a sudden, strong upward move some hours back, but the upward move seems to have lost strength around the current levels of 132.950, which is a strong resistance level for the 1H chart. I see this pair now entering a consolidation channel, hovering between 132.950 and 132.750 levels. I would go short on this pair for the near term, placing a take profit level around the 132.750 levels and wait for a clear trend to show.
GBPJPY short position in near termAs can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.
GBPJPY Analycis (Sell)GBPJPY chart shows that market is on down trand..so we have to look for a sell entry..Gbpjpy sell trand runnining..Thank You
GBPJPY M15As long as this short doesn't break the 133.2 area I'll keep the order in in case it drops and hits the sell order.
GBP/JPY 1D ShortHey friends!
GBP/JPY is in a head and shoulders pattern. I´m fundamentally and technically selling GBP/JPY. I think it will fall with the Dow Jones.
GBPJPY SELL SETUPThese are my thoughts on GBPJPY.
I've added notes to the chart that validate my theory based on Elliott Wave Theory.
I believe we are in Wave B of the overall structure.
I've linked an earlier idea that supports my theory.
Gbpjpy sell 200 pips confirmGBPJPY will move to sell next week and it will touch to its target 130.260 you can gain around 250 pips confirm
GBPJPY next week directionWe are expecting the GBPJPY to move in the downward direction for the next week
GBPJPY confirm 270 pipsGBPJPY is creating a reflex impulse on the Daily chart so we are expecting a big fall to 130.600 from the current point
GBPJPY potential shortAt the 134.500 area, this dotted line started last week as support, gradually turning into resistance, with the price remaining undecided and moving up and down and not respecting it as neither support or resistance.
We have however, had several rejections and failure to break the descending trendline . Price dropped below the 50EMA but closed above it.
I am going to be monitoring this pair, if we see a clean break of the 50MA and see that it respects the newly formed resistance area , I will be looking to go short.
GBPJPY | SHORTWAIT FOR BREAK SUPPORT LINE OPEN POSITION 1 AND AFTER BREAK LEVEL 23 FIBO OPEN POSITION 2
GBP/JPY, Update on the pairGBP/JPY fell down like an apple from a tree and smashed our 1st Take Profit. 2nd Entry was closed manually when it reached the first structural Level on H4 Timeframe.
GBPJPY short beyond 134.5The last idea is still valid on #GBPJPY.
Anyway, as the price breaks the support on 134.5,
we can go short now with a higher risk (or lower size)
Entry now
SL 136.290
TP1 133.400
TP2 132.110
GBP/JPY, expect a Drop of the priceAfter GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
GBPJPY short signalShort signal still valid for #GBPJPY.
The trendline was broken and "the brave" could have opened a short from there.
We prefer to miss a good opportunity to make a better trade with lower risk.
The better trade could be from 137.00 Area, which is a good Fibo confirmation level.
SL 140.370
TP 129.280
GBPJPY NEXT WEEK ANALYSISIF WANT MORE ANALYSIS JUST FOLLOW FXBLUEPIPS , AND WAIT FOR THE NEXT UPDATE
London Daybreak Trade Idea GBPUSDLondon Daybreak Trade Idea
BUY STOP :
Entry - 1.23504
S/L - 1.23204
T/P - 1.23804
SELL STOP :
Entry - 1.23204
S/L - 1.23504
T/P - 1.22904
gbpjpy
