piphunters
Long

GBPJPY: If you missed it - long

FX:GBPJPY   British Pound/Japanese Yen
2127 42 49
GBPJPY             has shot up breaking above the structure, in my earlier chart I was looking for a down move initially but we got a break above so went long instead and hopefully those watching it would have made an entry but if you missed here maybe another chance to get a good entry for a short term long.
Comment: The trade ideas posted here are only my view of the respective market and is intended purely for guidance/informative purpose only and should not be taken as a trade call.

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Thank you for taking your time to come and look at my charts, have a great day!
Thanks mate, It is exactly I drew as well, it's also similar to GBPUSD one isn't it?
+1 Reply
piphunters Tosharun
yes very similar, also most other JPY pairs too
+1 Reply
from where it takes support ?
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piphunters shahrose.ayankhan
I don't trade support and resistance but you must mean below the trend line I presume for this setup.
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bas70seven shahrose.ayankhan
Something like this...

JPY 0 and GPB -3 on currency strength, wait for "exhausting" candles near demand area (spinning tops, doji's) That's what i'm doing anyway...

Good luck!!
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bas70seven bas70seven
snapshot
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piphunters bas70seven
thanks
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piphunters bas70seven
agreed
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Nice... I see a similar pattern.
GBPJPY - A Juicy Gravestone Doji formed [4HR]
+2 Reply
piphunters AndrewFx2020
good luck!
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Selling JPY , its time to
+1 Reply
piphunters Paul-FXTC
yes
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pop !
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Same view here.. Buy after a correction.. So simple, so powerful..!
+1 Reply
piphunters Fxprotrader
Thanks mate for your compliments! we will get the trade hopefully today.
+1 Reply
Fxprotrader piphunters
What are your plans. Will you buy dip or wait for this correction to break to the upside?
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piphunters Fxprotrader
yes a break and confirmation in lower time frames and I am in
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Fxprotrader piphunters
Much safer way... I agree.. Good luck with this one..
+1 Reply
piphunters Fxprotrader
thanks!
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Hi, in my view this will tank with stocks.
+1 Reply
piphunters IvanLabrie
ok thanks.
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IvanLabrie PRO piphunters
Might be a major bottom soon though, but not yet I think.
(unless you think oil bottomed right here)
Cheers!
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piphunters IvanLabrie
yes probably! earlier I was thinking we may have one more downside lag before the large upside but after this correction now I am more inclined to think otherwise, the JPY will be sold heavily in the longer term in my view this year. As for oil I think the upcoming OPEC meeting will give investors reasons to shoot it up to the 50's
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IvanLabrie PRO piphunters
There's some fundamental boost to oil, might be nice for cad longs.
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piphunters IvanLabrie
already got one boost today isn't it, I am sure more are to come
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Marvin piphunters
Let's hope so. Well done man.
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thanks
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totally agree
+1 Reply
piphunters SmilingSword
thank you
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piphunters you are really good guy and reply on every signal comment thanks and very good trade setup watching it closely.
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piphunters GoodLuckbabe
thanks!
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I must say you do excellent work
+1 Reply
piphunters WesVander Ploeg
thanks mate!
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piphunters piphunters
Another possible long entry
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piphunters piphunters
may not even come to trend line exactly but if you keep a good eye on it you can catch the next impulse
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possible entry point.. 171.15

GBP/JPY Buy Limit Short Term
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agree.. nice
+1 Reply
jhakas piphunters
thx.. i still believe gu will head up.. cuz it holds a bullish setup.. but structure of that pattern is wide.. gu can roam more down as well.. even towards 1.40 will not effect that bullish structure... as per my view.. so i think after nice breakout in gj.. we will soon see gj going for broken double bottom on weekly 175.
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let's see, for me this pair driver will be jpy
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christom piphunters
one more dip possible and will it go for a long run ?
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