Short Setup on GBPJPYThis is a short potential area that we can consider.
If the price break the trend line by open the new candle above the trend line, we can close the trade and change to long position
Gbpjpysell
GBP/JPY SELLLooking for entries for shorts at 134.518
1. Currently sitting in a supply zone
2. Looking for 3rd touch of 0.5 fib level
3. Would then create a triple top
4. Previous break and retest indicating downside
Targeting demand zone about 750 pips down can also set a tight SL here
London Daybreak Trade Idea GBPJPY London Daybreak GBPJPY
Buy Stop :
Entry : 133.254
S/L : 132.954
T/P : 133.554
Sell Stop :
Entry : 132.954
S/L : 133.251
T/P : 132.651
BRITISH POUND / JAPANESE YEN (GBPJPY) DailyDates in the future with the greatest probability for a price high or price low
GBPJPY: short on 137.00 if...Possible Short trade on #GBPJPY.
We have to wait for the Elliot wave to be confirmed in point 5.
As 137.00 touched (that's Fibo 61%) we can go short BUT let the price breaks the trendline first.
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Entry 137.00
SL 140.37
TP 129.29
GBPJPY shortTook this tarde, and hopefully it will test 130.50 level soon. There are some historical levels there.
GBPJPY 4H TF SELLFlag pattern at 4 hours time frame and Bearish Symmetrical Triangle at 1 hour time frame
GBPJPY: BE READY FOR NEXT IMPULSIVE WAVE.Thanks for Taking Interested in my Trading Idea.
GBPJPY: CORRECTION WAVE STARTED READY FOR NEXT IMPULSIVE WAVE.
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GBPJPY SELLBreak and retest of ascending trendline and of previous lows indicating further downside.
Also is good on a fundamental side due to the coronavirus.
GBPJPY VENTAConfirmaciones para comprar y posteriormente vender :
- Se está operando un patrón armónico AB=CD con tendencia bajista.
- Al interior del patrón se puede ver una que la onda 3 llegó al 2.618 de la onda 1, por lo que se puede tomar la compra de la onda correctiva número 4 y posteriormente seguir con la tendencia mayor bajista (onda 5 y fin del patrón armónico).
- Se puede ver cómo en mayor temporalidad el fin del patrón armónico (AB=CD) da con el 0.618 de todo el impulso mayor.
- Y como una confirmación extra se trazó un ciclo de tiempo.
GBPJPY ---> Time To sell:Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpjpy:
* Commentary last week:
Last week, the currency pair added significantly amid rising pounds against the dollar. The pound, in principle, grew throughout the market sector using optimistic macro-economic data. In general, macrodata allowed to grow by 182 points (1.3%).
Many market participants and analysts predict that there can be no more such optimistic data, since the issue of Brexit has been resolved and Britain has indeed left the EU. Naturally, this will cause difficulties with the main trading partner of the United Kingdom.
As a result of this, it is wise to use any growth for sales until all necessary trade agreements are settled.
* Technical comment:
The price range is reduced from 244 to 224 points (R factor). The currency pair is trading in a range with a slight bullish tilt. At the time of writing, the pair is trading close to the resistance zone 143.20-143.40.
The pair entered the zone of potential sales. Support and resistance levels for the current week:
- Resistances: 144.06 and 144.88
- Supports: 141.82 and 140.40
* Orders and positions:
Our valuation system considers the current value of the asset to be overvalued, and the technical picture assumes its short-term sale. This position is likely to be supported by macro-economic data that will be released this week.
A potential deal is as follows: Sell from current values, with #stoploss: 143.71 and with potential #takeprofit: 141.90, 141.60 and possibly 141.26. In our case of opening deals, the coefficient RR = 2, minimum.
(! Attention, these are preliminary price levels and we reserve the right to change them).
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Gbp/Jpy (At Daily Resistance But Ranging)Gbp/Jpy has been ranging between 2 levels you can see on the chart! You can also see that there is a Triangle Pattern and I put on the blue trend line to show that not only has price stalled out at the level of resistance on the daily chart , but that price did not break the triangle pattern! I Personally believe that Gbp/Jpy will fall from here! Will it break out of the Consolidation?
I think that it actually will! Remember that Next Week we have a lot of news! On Tuesday Feb 18 Here in the United States at 4:30am , The Pound will have a lot of news that most likely will negatively effect that Pound. The Number of Brits "Claiming Unemployment Benefits" is expected to rise from 14.8 thousand people , to 21.7 thousand people! This is a significant change.
The Average Earnings index for the Pound is expected to be lower according to "Forex Factory" ... While other sources I was reading are claiming it to be unchanged! The Employment Change is expected to move from 208k , to 217k which is good , but not a significant number!
So for now I expect the British Pound to be Bearish!
