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Gbpjpysignals

GBPJPY Major Resistance from 2007!GBPJPY is ahead of a "Make or break" situation as it is facing the Lower Highs trend-line that started all the way back from the 2007 subprime mortgage crisis. As long as it holds, the pair will most likely reverse back towards the lower Support levels. However if the 2007 line breaks, then it will most likely enter a new 1-2 year Bull Phase towards the 205 Resistance. Both the 1W RSI and the Golden Cross are in similar places as in July-August 2013. We may be repeating the same fractal. Which of the two do you think will prevail? Most recent GBPJPY idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
by TradingShot
6
GBPJPY | Perspective for the new weekIt has been a while since I looked at this pair from a long term perspective but the temptation in the present contraction in the market can not be resisted as I identify a trading opportunity building up for an explosion! The British pound rallied from the Demand zone during the course of the last two weeks but since the 9th of July 2021, I have noticed that the buyers appear to be struggling to break above Key level @ Y153.200 area to confirm rally continuation. The appearance of a shooting star on the last trading day (Friday, 30th July 2021) expresses another sharp rejection of this level with a potential to transform into a Head and Shoulder pattern thereby signalling a Bearish perspective to this pair for me in the coming week(s). It is worthy to note that there is a general notion that the Japanese Yen is still considered to be a “safety currency”. Tendency: Downtrend (Bearish) Structure: Trendline | Supply & Demand | Reversal pattern (Head & Shoulder) Observation: i. Since mid-March 2021, we have witnessed a surge in the value of the Pound over the Yen which hit a peak of Y156.200 after which the price continued to find lower lows. ii. Multiple rejections of Key level @ Y153.200 gives further significance to the strength of sellers at this juncture in the market. iii. Head and Shoulder: A baseline with three peaks (the outside two is expected to be close in height and the middle is highest). The completion of this pattern will signal with a degree of accuracy that the prevailing uptrend is nearing its end. iv. Even as we await completion of Head & Shoulder, selling potentials exist below the Key level @ Y153.200 with potential to add position at Breakdown/retest of Y152.000 level. v. The completion of a bullish-to-bearish trend reversal is confirmed as soon as the price breaks down the Neckline @ Y149.000 (Demand zone) - another window to add a position. vi. CAUTION: Considering the Bullish perspective from a long term scale, we might see price do a correction into 61.8/78.6% retracement of Impulse Leg (see weekly chart) to incite rally continuation. However, should price breakout/reset Key level @ Y153.200 and Bearish Trendline our perspective shall shift to a rally continuation... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
GBPJPYAs i said last weeks ...As I said GJ he climbed to Fibonacci 786 he broke in a few hours and closed above the 153,500 and even far over ... This week I will wait for a retracement to the area 153,500 and there ... I think GJ will test the area 155.500-156,000 THIS WEEK...as I said last weeks GJ has reached 155,600 NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week. I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
2
Gbp/Jpy : Eyeing 157 handle Feb 2018 High ? As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top. Trend : Up Signal : Long Scalp ( 153.50-154.65 range) Positional trade # 1: Long above 151.70 ( EMA 50) Stop Loss : 150.50 Target : 157 handle Positional Pending trade #2 : Sell limit @ 156.70-157.30 Stop Loss : 158.50 Target : Open
Long
by UnknownUnicorn13514545
GBPJPY SELL ON DIPSHI FRIEND as i can see this pair is moving toward a strong historical resistance zone AND SHOW US A FAKE BREAKOUT and trading in resistance zone as we are getting ready to sell this pair with a very low risk and looking for a higher rewards from given support zone Friends Push like and comments It help alote to promote the idea to other peoples Follow us for more updates have a deep look on given GBPJPY trade made ALOTE OF PIPS in our previous analysis
Short
by APEX_TRADING_ACADMEY
2
GBPJPY SELL ON DIPS !As i can see this pair make a fake break out and Thursday it was closed under a resistances when Bexit deal was announced Bexit deal is done but UK is leaving EU which is fundamentally not good for UK economy and we are selling this pair with a a small risk and looking for higher rewards Friend push like and support the idea it will help us and alote of other traders we appreciate ur comments and ur love is a like Follow us for more updates
Short
by APEX_TRADING_ACADMEY
GBPJPY | PERSPECTIVE FOR THE NEW WEEKThe British pound rallied significantly during the course of last week which happens to be driven by improving risk appetite. It is worthy to also note that the JPY crosses have been drifting higher alongside global equity markets as this stimulus continues to be a major driver of markets. This been said, the Key level @ Y136.600 will be my yardstick in the coming week to gauge the strength of the Bull against the Bears as I am looking forward to finding a buying opportunity above this level. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Breakout expectations | Trendline Observation: i. Price found bottom as we experienced sharp rejection of Y135.500 in the latter part of Septemner 2020. ii. The arising of a Reversal pattern followed by consecutive Bullish run from Primary Demand level @ Y135.500 confirms a new trend has begun. iii. We saw price holding above Key level @ Y136.600 last week Thursday and Friday which also respects the Bullish Trendline on the chart. iv. Patience is pertinent here as I shall be looking forward to a significant Breakout of Y138.000 (a respected demand level in the past) for a signal in the coming week. Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward: 1:5 Potential Duration: 5 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2