JPY pairs Weekly Outlook and Trade Setups

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@nsg_usd - 3 days ago
Quoted - nsg_usd

GBPJPY D1: there's been an imprint of the Bearish Head and shoulder Pattern with the shoulders formed at the 214.013 internal Resistance Region. This signals a further downside for the pair, but the Trend support has kept price at the 212.31 support region all through the week.

GBPJPY D1: there's been an imprint of the Bearish Head and shoulder Pattern with the shoulders formed at the 214.013 internal Resistance Region. This signals a further downside for the pair, but the Trend support has kept price at the 212.31 support region all through the week.

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@nsg_usd - 3 days ago

GBPJPY H4: on the 4hrs chart, there's a bearish trend Channel with price recently making a 3rd touch on the upper channel. This presents a Sell opportunity for next week .

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@nsg_usd - 3 days ago

GBPJPY Trade Setup: On the H1, to take advantage of the sells, I'll wait for price to break below the 213.36 price region and retest it, invalidating the bullish flag pattern, and validating the price region as a resistance, confirming as my entry as well. The retest is also a Right shoulder of the 1hr HnS pattern, hence an additional confirmation to strengthen confidence in the Sells.

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@nsg_usd - 3 days ago

GBPJPY Short Setup - Entry at 213.42 price region,, Sl at 213.85 and TP at 212.50

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@godspowerdan - 3 days ago
Quoted - nsg_usd

GBPJPY Short Setup - Entry at 213.42 price region,, Sl at 213.85 and TP at 212.50

I would rather wait for price to get to that supply zone ahead and give me a change of character to the downside. Price is currently bullish in the orderflow

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@godspowerdan - 3 days ago
Quoted - nsg_usd

GBPJPY Short Setup - Entry at 213.42 price region,, Sl at 213.85 and TP at 212.50

i want to see price do something like this on Monday. Like i said i'm expecting price to get to that supply and give a BOS/CHOCH to the downside

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@godspowerdan - 3 days ago
Quoted - nsg_usd

GBPJPY Short Setup - Entry at 213.42 price region,, Sl at 213.85 and TP at 212.50

Or if price breaks that strong low by monday, then the sells can start coming in

N
@nsg_usd - 1 day ago
Quoted - godspowerdan

I would rather wait for price to get to that supply zone ahead and give me a change of character to the downside. Price is currently bullish in the orderflow

On GBPJPY price has not invalidated the 4hr bullish flag, i'll be waiting to see if it will break above 214.015 level, or react and reverse from there.

Quoted - nsg_usd

GBPJPY Short Setup - Entry at 213.42 price region,, Sl at 213.85 and TP at 212.50

Sorry for replying late but price might have taken out your SL, 213.305 would have been your validation level to look for shorts, because the order flow was bullish, you should have waited for downside confirmation

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@nsg_usd - 1 day ago
Quoted - godspowerdan

i want to see price do something like this on Monday. Like i said i'm expecting price to get to that supply and give a BOS/CHOCH to the downside

GBPJPY- broken above the 214.01 minor resistance region. a retest of the zone will likely push price upwards to 215.00 price region

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@nsg_usd - 1 day ago
Quoted - asuquokelvin

Sorry for replying late but price might have taken out your SL, 213.305 would have been your validation level to look for shorts, because the order flow was bullish, you should have waited for downside confirmation

I was still watching for confirmations, so luckily, i didn't execute it. Price didn't break below, to invalidate the channel like i expected, so i just sat on my hands.

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@nsg_usd - 1 day ago
Quoted - godspowerdan

The orderflow is still bullish

Just look out for buys

Yeah. it is bullish. A breakout of the yellow trendline below will confirm it is ready to pullback.

N
@nsg_usd - 1 day ago

I'll be looking out for entry on two regions. 214.013 region, and 213.748 region

N
@nsg_usd - 1 day ago

On USDJPY- price is gradually pushing above the 2025 june-july Resistance- Still continues it's attempt to breakout out of the region completely. Entering buys at this region is dicey considering NFP is coming up on thursday

Quoted - nsg_usd

On USDJPY- price is gradually pushing above the 2025 june-july Resistance- Still continues it's attempt to breakout out of the region completely. Entering buys at this region is dicey considering NFP is coming up on thursday

I will suggest a quick caution wait for the news instead, dxy and USDCAD are behaving very funny this days , if you look at the 4hrs timeframe dxy already making lower highs already, just wait

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@nsg_usd - 1 day ago
Quoted - asuquokelvin

Better for you if you want to sell wait for the order flow to change and that 213.305 is the valid low

With how GJ is pushing today, i'm no longer considering sells. i'll wait for a pullback to join the buys. i've already missed an entry.

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