Gbpjpyforecast
GBPJPY top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/JPY Sell Signals= +1.4k - 2.1k pipsTrade Levels:
SELL LIMIT/STOP: 163/162.4
STOP LOSS: 163.5 - 164
TAKE PROFITS: 160.9 - 161
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GBPJPY - FUNDAMENTALS WITH SECHNICAL BIASCurrently, GBPJPY is going down a bit due to MARKET RISK OFF. We expect GBPJPY to go UP again.
Anyway, that PRICE can fall on the SUPPORT LINE on the GBPJPY chart again. After that the MARKET can go UPSIDE. You can definitely buy at the GBPJPY 168.69 level. For that, MARKET RISK should be ON.
But we can sell GBPJPY up to 158.60 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
⁉️ GBPJPY - Market AnalysisHello traders!
⁉️This is my analysis on GBPJPY.
Here we have the same scenario as on EURJPY, I expect a retracement and if the price fills the imbalances and rejects from bearish orderblock + institutional 165.000 I will open a short.
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