GBPJPY Possible Sell setupGBPJPY price action is stalling near the resistance area, momentum is weakening as well, which is suggesting for a fresh falls coming in. Keep watching this market.
Good Luck.
Gbpjpysell
GBPJPY BUY setupi am expecting the buy this week on the pair. so if you are joining make sure you include your stop loss
GBPJPY - SHORT OPPORTUNITYPrice reached a strong resistance area and gave us some strong bearish candles. Then it broke the uptrend line and came back up as a correction, giving us now another strong bearish candle. Im going short.
GBPJPY reached top of channel, get ready for sell near to 148.10Get ready for a GBPJPY sell as price reject top of equidistant channel.
Key resistance around 148.10.
This trade, along with other GBP trade, will be traded in Copy our Robot.
For past 2 months, Copy our Robot is up about 400 pips each month.
GBPJPY short position ideaentry price : 146.350
Take profit 1 : 145.100
Take profit 2 : 143.200
Take profit 3: 140.220
Stop loss : 147.100 (suggest to use trailing stop)
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Don't forget Asset management / and please trade at your own risk and this chart is as my opinion about GBP/JPY
THANK YOU
REGARDS
Abolfazl Abedi
GBPJPY - ENTERED Intra Day ShortAnalysis still the same as earlier but TEFA got validated by breaking the 50 EMA with a shift candle.
Trade immediately went into profit, no drawdown :)
SL 25 pips
TP 35 pips
GBPJPY Forming down channel after a break of the up channel
On the daily there are some interesting things happening;
What counts against the trade is the EMA50 was broken with a serious bull candle but the 0.618 Fib level is being respected.
Pro's
There is a clear up channel break and it is text book trading on the Weekly candles.
Set SL at 147.500 and there is a lot of protection; 2 Major Fib levels and the down channel that formed trend line.
With a profit to risk ratio of just over 2 this is a go......
Cons
The EMA50 (D) might hold......
Things to remember
This is a setup making use of W and D candles so it might take some time to play out; patience will be key!!!
Gbpjpy Sell Setup With Pin bar On Fibo 0.50% levelGbjpy sell setup with pin bar on fibo at 0.50% level
SL TP mention in chart
GBPJPY SELL SETUP BASED ON WAVE ANALYSISdO'NT MISS THE SHORT AFTER BREAKING THE SWING LOW BEST OF LUCK :)
#gbpjpy ready for pullback to enter for buycheck the chart we work hard to win this game
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GBPJPYEXPECTING GBPJPY TO MOVE TO THE DOWNSIDE . IT BOUNCED YESTERDAY OF THE 50 PERCENT FIB LEVEL EXPECTING IT TO FAL FOR A TOUCH OF THAT FALLING WEDGE
GBP/JPY Technical AnalysisThe M30 chart of GBP/JPY is in the formation of full Elliot wave pattern
Currently It is in process of making the corrective wave waiting for the c wave formation
long now with the expected target of 148.160 value
GBPJPY SHORT IDEAON THE WEEKLY PRICE JUST BROKE OUT OF THE RISING WEDGE AND IS CURRENTLY DOING A PULL BACK FOR A BEARISH MOVEMENT TO THE 125 LEVEL.
ON THE DAILY CHART, PRICE IS IN A TEXTBOOK DESCENDING TRIANGLE
ON THE 4HR CHART, THERE IS AN INTERSECTION OF THE RESISTANCE AND A TRENDLINE AT THE 150 LEVEL, i AM HOPING PRICE WILL GET TO THAT LEVEL AND THEN TURN BACK WARDS.
I WOULD SET A SELL LIMIT ORDER AT THAT POINT.
GBP/JPY: Bearish - Breakout Potential Technical Analysis
The April Trend Line continues to be respected indicating the bears are still in control, with a potential breakout looming in the following days. To change my Mid-Term outlook to Bullish id be looking for GBPJPY to close above 149.9 level
Fundamental Analysis
This week Brexit is front and centre for Sterling with the European Council set to meet on June 28-29. Brexit will be discussed on Friday, June 29 so look for headlines concerning the matter to be delivered throughout the day. Markets are simply looking for concrete outcomes that give a clear view on what the future will look like. Perhaps this week we will get such outcomes. Sterling in its fragile state will be very susceptible to huge sell offs dependent on the outcome of this Friday's meeting.
Yen Strength is a key factor to consider when justifying GBP/JPY shorts as the dollar has fallen to a two-week low against the yen on the back of the latest global trade war concerns. For JPY, we saw the Nikkei dropped 176.21 points on the close last Friday, with stocks extending their losses on the Tokyo Stock Exchange on Monday, battered by the yen's strengthening against the dollar amidst increacing worries over the growing trade friction between the United States and the rest of the world.
GBPJPY WEEKLY - SELL SETUPGbpjpy - This pair has fallen into a strong downtrend since last month especially the monthly and weekly candlestick closures, expecting another 500 pips swing down for this pair moving forward.
