AlphaForex56

GBPJPY @ SELLING Scenario, Breakdown The Uptrend (Read Captions)

Short
AlphaForex56 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
πŸ“‰ GBP/JPY PRICE FORECAST πŸ“‰
GBPJPY
GBP/JPY encountered resistance from the peak of highs and subsequently broke down the ascending trendline. Presently, it's undergoing retracement towards the resistance level at 191.30. Alternatively, entry could be initiated upon the formation of a strong bearish candle.

Key Highlights:
1. Resistance from peak highs and breakdown of the ascending trendline indicate a potential shift to a selling trend.
2. Retracement towards the 191.30 resistance level offers a possible entry point for bearish positions.
3. A golden crossover of 200EMA & 50EMA in smaller timeframes signals the initiation of a selling trend.
4. Increased volume suggests heightened interest from sellers.

Key Levels:
- Support: 189.20, 185.70, and 178.90
- Resistance: 190.70 and 191.30


Your continued support is appreciated as we navigate these market movements together. Stay tuned for further updates!

#GBPJPY #ForexTrading #MarketAnalysis πŸ“ˆπŸ’ͺ
Comment:
GBPJPY retrace the resistance level that's one is our order block waiting for strong bearish candle πŸ’ͺπŸ’ͺ
Trade active:
πŸ“‰πŸ”₯ GBP/JPY Trade Update: Entry Activated and Profits Rolling In! πŸš€πŸ’Ό

Traders, here's the latest update on GBP/JPY:

πŸ“‰ Entry Activated: Our entry on GBP/JPY was activated as the price retraced to the resistance level, triggering a strong bearish candle and confirming our trade setup.

πŸ’° Profitable Trade: We're currently enjoying 20+ pips of profit as the trade progresses in our favor, locking in gains along the way.

πŸ” Stay Alert: Keep monitoring the price action closely as GBP/JPY continues its movement, and consider adjusting your trading strategy to maximize profits.

πŸ‘ Well Done: Congratulations to all traders who joined the trade and capitalized on this profitable opportunity!

Let's keep up the momentum and aim for more successful trades ahead! πŸ“‰πŸ“ˆ #GBPJPY #TradingUpdate #ProfitableTrade
Comment:
πŸ“‰πŸ’Ό GBP/JPY Trade Update: Profits Surpassing 250+ Pips! πŸ’°πŸš€

Traders, an exciting update on GBP/JPY:

πŸ“‰ Retracement Complete: GBP/JPY has retraced from the first phase, hitting 191.10, and is now heading downwards towards our anticipated support levels.

πŸ’Ό Massive Profits: We've secured an impressive profit of over 250 pips so far in this trade! Congratulations to all traders who joined and capitalized on this opportunity.

πŸ‘ Well Done: Your trust and commitment have once again resulted in profitable outcomes. Let's continue this winning streak!

πŸ“ˆ Stay Tuned: Keep monitoring GBP/JPY as it progresses towards our support levels, and consider adjusting your trading strategy to maximize potential gains.

Keep up the great work, and let's continue to seize profitable opportunities in the market! πŸŒŸπŸ“Š #GBPJPY #ProfitUpdate #TradingSuccess

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