GBPJPY LOOKING FOR SHORT(SELL). TARGET 350+ PIPS
GBPJPY expected to rise up to 1st resistance at 137.054 where it could potentially react off and drop down to 1st support at 135.333. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
just trying out this new thing i came across, lets see if we can get a few quick pips here
Bearish flag price trapped inside the diamond pattern at the 50% Fibo level Good risk reward opportunity for short breakout
Hoping to see price come down a little more to retrace on the 61.80% fib level, at this level I will look to zone in an entry when I see a clear rejection happening. This upside target is around a 200 pip move. Lets see how this plays out!
Seems like the alternate view may not be coming and we are on the original path to the downside As posted before the top and reversal, covid does play a part in this move down Until we see a strong bounce, price can still keep on melting down till it reach the stated region Good luck
A nice intraday short for around ~50 pips is available. All that is needed is a bearish candle closure below this hourly level. The Yen is strong right now as it is acting as a safe-haven during the Coronavirus frenzy.
Demonstrates a positive correlation with the pound, but is full of surprises. Follow Money Management
The GPBJPY are in the perfect demand and supply zone, RSI, MACD and Stochi Indicators are clearly shows that there is great chance for bulls to take over the game. According to the fibonacci retracement the next stop will be 145.243.
GBPJPY is approaching some significant levels, this could be an area where it reverses. I will be waiting on looking on smaller time frames like the 4H, to find an opportunity to short.
A nice break of this CTL can have GBPJPY fall to 128.220 area to create a full head and shoulders pattern.
Closing above 20sma on thursday, GBPJPY managed to kiss daily kijunsen, as that was the exact high on Friday. While Yen will be sold due to risk on. GBPJPY shall manage strong bounce. Sell trend is weakening as ADX fell towards 33 & shall fall further as markets open.
in 4H chart: Uptrend line > Buy Entry : 144.85 (Now) -Stop : 144.65 (20 pips) -TP1- : 145.60 (75 pips) -TP2- : 146.50 (165 pips)
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 25th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action moving back towards a major support zone near the 144.166 area. If price action can reach these levels and hold as support once again we will be...