GBPJPY
The price may form a third wave pattern. This could bring further downside movement towards 180.322
What can you expect now?
The entry can be considered a breakout of the level of 181.860.
Targets 181,284 – 180,915 – 180,322
Bearish GBPJPY as Japan's key economic ministers warn of currency intervention
Japan's key economic ministers have warned of currency market intervention, keeping investors wary of a further sell-off in the yen and weighing on the GBPJPY exchange rate.
The yen has weakened sharply against the dollar in recent months, hitting its weakest level in nearly a year...
GBPJPY has officially broken trend and looks like for the next two targets it shall hit TP. Please risk capital accordingly.
GBPJPY
SHORT/SELL
Entry: 181.425
Stop Loss: 182.642
Targets:
TP 1: 177.325
TP 2: 172.388
Risk: 2-5% of Capital
MONSTER SWING TRADE
GBPJPY
If the direction stabilized under 182.68 it will touch 182.13 then 181.72 then 181.02
if the direction reversed above 182.68 and closed it will touch 182.45 ,183.88 then 184.34
Pivot Price: 182.68
resistance line : 182.45 ,183.88 ,184.34
support line: 182.13 ,181.72 ,181.02
timeframe:4H
Hello traders, GBP/JPY is currently at a very crucial level on the
4Hour chart. Let's look at the chart and analyze it
📌In the 4Hour chart, price is currently just under the dynamic resistance.
So far, we have not seen any bearish candles. However, the next candles
could be bearish.
📌Price is also at the broken support turned resistance level as I...
Hello traders, ever since GBP/JPY was at 185, I had recommended
selling with a target of 179( previous GBP/JPY ideas attached below).
📌Currently, the price action is quite bearish even in the hourly chart.
📌GBP/JPY is unable to go above the 100-hour moving average which is
a bearish signal. In fact, every time the price pulls back to the 100H EMA,
we see further...
Hello, according to my analysis of the gbpjpy pair, there is a high possibility of a downside. The price broke the double button pattern. With a very large red negative candle. It indicates the strength of the sellers. We also notice the rapid return to the bullish channel as shown in the analysis, but it could not get out of it. In the coming days, we expect a...
Gbp jpy has broken its H1 level of interest and now heading downwards as its in a downtrend and will continue in that way also the reason to enter in the trade is we can see break of H1 support level and retest of level also completed bearish engulfing fail also made us think that the pair will go sell
GBPJPY
A triangle pattern is forming which could lead to further downward movement towards the 179,700 targets (discussed in the previous analysis).
What can you expect now?
Entry will be considered from breaking through the level of 181.400.
Targets 181,084 – 180,400 – 179,716
FX:GBPJPY
Price on GBPJPY is consistently rejecting at Daily resistance. The Daily, 4H, and 1H time frames are bearish, hence we will have a sell bias on GBPJPY.
GBPJPY
If the direction stabilized under 181.59 it will touch 181.13 then 180.75 then 180.17
if the direction reversed above 181.59 and closed it will touch 182.48 ,183.13 then 183.44
Pivot Price: 181.59
resistance line : 182.48 ,183.13 ,183.44
support line: 181.13 ,180.75,180.17
timeframe:4H
Gbpjpy is in downtrend right now and H4 just show strong rejection to the Dabel Maru Supply zone. H1 also showing Head and Shoulder pattern and I short using the confirmation candles in M30.
Waiting for a retest of 182.497 to short GBPJPY back to key 4H low at 179.785
If you agree drop a like and if you have any questions leave a comment :)
