InvestingScope
Long

GBPJPY: The strongest long term buy opportunity.

FX_IDC:GBPJPY   British Pound / Japanese Yen
GBPJPY is on a strong pull back towards the 126.800 Support with even the 1W chart strongly bearish ( RSI = 31.857, MACD = -0.910, ADX = 34.619). However based on the 2007 - 2012 Bear Cycle, it appears that we are approaching the end of the current (2015 - 2020) Bear Cycle. MACD is also repeating that bottom sequence.

This is for us the most optimal long term Buy Opportunity and we are long again with 159.500 - 168.200 as our Target Zone.





** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).

Comments

this is my overall markup for GJ
Reply
good long term view, but in the short run it seems the bear cycle has not ended. Check my daily trade
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out