GBPJPY Has been a great pair for is to trade on the LONG side over the past few months.
Our CURRENCY HEAT MAP has kept us from selling any GBP.
JPY has consistently given us a SELL BIAS and so pairing up these two majors good opportunities have been given every WEEK to BUY GBPJPY
Check our previous ANALYSIS on this MAJOR & see how we did for yourself.
The Way looks clear for continued GBP STRENGTH accross the Majors.
Having Taken Top spot On our CURRENCY HEAT MAP late January 2021
GBP has given Great trade opportunities throughout this month of FEBRUARY
From here it looks like we will have a nice BULLISH CLOSE on the MONTHLY CANDLE.
The next MAJOR PIVOT price Resistance & TARGET comes in at 153.150
Taking a look at the Daily chart on GBPJPY we have seen a potential level that could generate a bullish trading opportunity.
As you can see from chart, we have what looks like a possible stronger level of horizontal support around the 135.74 mark. This level has seen multiple registered hits on the line both using this level as previous support and resistance in...
Looking for continuation long, GBP pairs have been on fire this last week. I have two positions in prof, just added a final position on this. The trend does appear to remain bullish, I believe it will smash through the last daily high, especially if the JPY GDP is reported at the contracted rate that is expected.
🙂 good luck
GBP/JPY broken fibonacci level=>extensions
The last fibonacci zone is broken and we're heading to a fibonacci extension tot -62%.
We could enter from a retest outer trendline 134.000
Take profits 136.000
Always risk 1-3 % of your captital