GBP/JPY

Nothing definite this week as yet. Price traded in a triangle yesterday, broke to the upside but seems the bulls haven't gathered enough momentum.

Still long this pair awaiting to see where the price breaks out of the flag

will enter short at the top of the hour

Entered short at 149.92
SL 150.85

150.35 has turned from support to significanr resistance,

made the 300 pips on that down trend ~ still more to go to 100ema line. u/j is down - so g/j should follow! g/j just found support at 149.5.
MACD is curving and slow stochastics is over-sold, should have a brief bounce back before the down trend continues.

So it is showing signs of that downward move finally ...

Closed the trade ~200pip profit - 150.5.

Looks as though the trend is petering out or just slow.

GJ is the Easiest and Clean run of price, just make it simple, I don't Use any indicators, just a pips counting and time, GJ is most clear at 5M and 15M, be patients everyone the price belong to us.

taking short position at 152.1x-3x tp 151.9x

T/P target is completed !

head and shoulder pattern made on the 4 hr chart. gbpjpy will goes up after touching the 151.28 get ready for it.

taking long position at 151.1x tp 151.3x
target met!

I sold it
151.80 for the target 150.50

The price sets up a falling wedge. Once price breaks above resistance, the move could indicate an interruption of a downtrend. A bullish run to 154 stays on the cards.

GBPJPY Daily Outlook

Ichimoku Analysis (4-Hour Chart) Tenken-Sen- 153.79 Kijun-Sen- 152.84 GBPJPY has halted its 14 days of the bullish trend and trading flat with no buying momentum. The minor selling in Pound sterling due to recovery in the US dollar is putting pressure on this pair. GBPUSD lost more than 100 pips from minor top 1.41672. But the pair is holding well above 1.4000. Any breach below 1.4000 confirms bearish continuation. USDJPY surged nearly 150 pips due to a surge in US bond yield. The intraday trend of GBPJPY is bullish as long support 153 holds. Markets eye Bank of England governor speech for further direction. Technical: The pair's near-term resistance around 154.50, any break above will take the pair to next level till 155/156. On the lower side, near-term support is around 153.5 0. Any indicative violation below that level will drag the pair down to 152.80/152.30/152. Significant trend reversal only if it breaks below 147.40. Ichimoku Analysis- The pair is trading above 4-hour Kijun-Sen and below Tenken-Sen, cloud. Indicator (4-Hour chart) CAM indicator –Bearish Directional movement index –Bearish It is good to buy on dips around 153.25-30 with SL around 152.80 for a TP of 155.

Short 153.9x tp 153.7x

GBPJPY Daily Outlook

Ichimoku Analysis (4-Hour Chart) Tenken-Sen- 154.28 Kijun-Sen- 154.15 GBPJPY is trading higher and holding well above yesterday's high 154.43. The pound sterling surged after better than expected UK jobs data. The Claimant count change came at -15.1K compared to a forecast of 25.6K and unemployment declined to 4.8% vs 4.9%. GBPUSD jumped more than 30 pips after the data. Any breach above 1.4240 confirms a bullish continuation. USDJPY trade below 109 on weak Japan GDP data. It should break below 108.88 for further bearishness. The intraday trend of GBPJPY is bullish as long support 154 holds. Technical: The pair's near-term resistance around 155, any break above will take the pair to next level till 156/156.60. On the lower side, near-term support is around 154. Any indicative violation below that level will drag the pair down to 153.45/ 153. Significant trend reversal only if it breaks below 147.40. Ichimoku Analysis- The pair is trading above 4-hour Kijun-Sen and cloud. Indicator (4-Hour chart) CAM indicator –Bullish Directional movement index –Bullish It is good to buy on dips around 154.25-30 with SL around 153.45 for a TP of 156.

GBPJPY Daily Outlook

Ichimoku Analysis (4-Hour Chart) Tenken-Sen- 154.576 Kijun-Sen- 154.608 GBPJPY is trading in a narrow range between 154.83 and 154.39 for the past two days despite strong Pound sterling. GBPUSD surged sharply and jumped above 1.4200 on upbeat UK jobs data and broad-based US dollar selling. Markets eye UK CPUI data which is to be released today for further direction. Any breach above 1.4240 confirms a bullish continuation. USDJPY is struggling to close above 109 levels. A dip below 108 confirms bearishness. The intraday trend of GBPJPY is bullish as long support 154 holds. Technical: The pair's near-term resistance around 155, any break above will take the pair to next level till 156/156.60. On the lower side, near-term support is around 154. Any indicative violation below that level will drag the pair down to 153.60/153. Significant trend reversal only if it breaks below 147.40. Ichimoku Analysis- The pair is trading above 4-hour Kijun-Sen and cloud. Indicator (4-Hour chart) CAM indicator –Neutral Directional movement index –Neutral It is good to buy on dips around 154.25-30 with SL around 153.45 for a TP of 156.

at times to select the date to short and short