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Gj

GBPJPY WEEKLY REVIEW OF OCT 3RD - 8TH 2021 GBPJPY has a had a strong bullish week as we recently tapped into the HTF Demand of 149 lows failing to break below showing us buyers are in control as higher time frame bullish ms has not been broken. which gave the strong bullish reaction we saw take place this past week to recover the sellers downside in the past 2 weeks during monthly close of September and Q3 close, Which those pullbacks was order flow / price set up for Q4. When conducting an analysis on GJ you want to gauge price movements on the Yen. Something to take note on is that YEN has been heavily bearish on the higher time frame. Thus, creating a bullish GJ. Gauging in Economic Data for Yen and Pound to gauge individuals strength as a currency. YEN is a safe haven currency Pound is a risk currency
by KimboSlice04
GBP/JPY testing second trendline. potenital short.Hello traders how are you all ? Hope you guys are doing well. So here is my simple GJ 4H time analysis. We have basically two trendline one is lower which is major D1 trendline and second is a 4H and 1H trendline. Price is just testing the 2nd trendline which is obviously showing a good selling opportunity and i had also excuted a sell trade from the same level. If the price breaks the trendline then that will be the differnt scenario. Have a good day all. Peace out.
Short
by asadlinkinpark9
Technical approach for 3rd week of September 2021 (13-17) **EDUCATION PURPOSE ONLY** Strategy- (Naked chart) Per Support or Resistance after break, It can be strong opposite zone for re-test. Range break. Head & Shoulders pattern you can see very easily. :) (But we don't consider that, However its good sign for trade confirmation) Sell stop at : 151.752 Stop loss : 152.363 Take profit : 151.583 Its wide SL and Small TP trade and we can place this for 1% for STOP LOSS (Position size)
Short
by Hashan007