GBPJPY opportunities, don't miss them!

FX:GBPJPY   British Pound / Japanese Yen
42 0 0
Pretty self explanitory, GBYJPY is trading in a downward channel and has recently bounced off of 2 levels (1 in and one out of the channel) that have seemed strong and that have acted as support/resistance . If we break through the top here there is good room left in the current Fibo retracement for good gains long. If we break the bottom we have fresh lows to ride that have not been seen in 2 years.

Keep an eye on the Fibo levels and the channel resistance line when taking long profits, if the price happens to hit when they intersect, even better. TP on the short side would be 159.5 and 154.00. I would set and adjust stops jest underneath the bottom channel for a long position and just on top of the bottom channel line for short positions.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out