GBPJPY LONG & SHORT FORECAST Q2 W25 D20 Y25GBPJPY LONG & SHORT FORECAST Q2 W25 D20 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Daily order block
✅15' order block
✅Intraday breaks of structure
✅4H Order block
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Gbpjpyshortsetup
GBPJPY SHORT FORECAST Q2 W24 D13 Y25GBPJPY SHORT FORECAST Q2 W24 D13 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Daily order block
✅15' order block
✅Intraday breaks of structure
✅4H 50 EMA rejection
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame)
While the price is below the resistance 199.79, resumption of downtrend is expected.
Technical analysis:
The descending flag taking shape suggests we will soon see another leg lower.
Trading suggestion:
Price rejected from Trend Hunter Sell Zone (198.42 to 199.79). We are going to open 8 sell trade based on these Take Profits:
Take Profits:
196.00
193.51
191.88
189.47
186.23
182.78
178.41
Short Term forecast: (H4 Time-frame)
The Uptrend is broken, and the price is in an impulse wave.
Correction wave toward the Sell Zone.
Another Downward Impulse wave toward Lower TPs.
SL: Above 199.79
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GBP/JPY - Short; Watch for a reversal hereThis pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though!
(When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.)
Here is a close up;
GBPJPY 15MIN TIMEFRAME ANALYSIS (sell)We sell this pair because of a strong resistance above. The entry and exit levels have been shown on the chart. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. Invest wisely. See you making huge profit in this one.
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 138.08. The pair may start a new down trend if it breaks the support level at 136.45. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 134.22 and second target price will be at 132.16.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its 1st target price will be at 133.42 and 2nd target will be at 132.30.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair continued the down trend, its target price for the down trend will be at 131.18.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 137.22. The pair started a new down trend on 8th June after breaking support level at 138.29. The price is forming a lower-low-lower high pattern and moving towards its first target, which is at 135.99 and its second target is at 134.57.
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat