Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't...
Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't...
If you got on my last trade idea for GJ then well done, inbox me your number so we can arrange for you to take me out for that drink ;p We can see price rallied through our support zone as we mentioned in our previous post, we can now see price having a pullback and making a bullish run up to this same zone again but this time using it as resistance and bouncing...
Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen. Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in...
As we can see GBP JPY is in a really strong area of support that has been used many times before but with all the recent bearish pressure going into this level could we finally see it break? Price was last below this level in Feb of this year and ever since breaking through this level price has been up and down touching multiple times, now with some medium impact...
We are looking for price to reach our resistance zone ( red box ) before making a bearish run down to our support zone ( green box ) The technical all look good and are pointing to bearish movement, we have some high impact GBP news on Monday morning and then again on Thursday so this trade could easily be achieved this week. See how nice simple charts can make...
This is a little bit long term but i think its clear long Sl: 144.50 Tp: is open good luck to all
Longing support here, looking to test the support that was lost, currently untested. A close below my stop level will invalidate the trade
GBPJPY - BULLISH - Continuation TP - 147.5
Successful recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass 200-day SMA level of 144.60, short-term descending trend-line at 144.80,...
GBPJPY - BULLISH - NOW - TP $145.5
At the moment we price is currently in a strong support and resistance zone ( green box ) In the trading week ahead we will be looking at 2 possibilities. 1. Price breaks out in a bullish manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further bullish movement and reaching our next TP...
Break or bounce? As you can see we have a strong support zone that has been used many times before where candles have entered this zone and then bounced, now we are looking for more of the same again as price is currently in this zone, so a bounce and bullish movement. The only thing to be wary about with this bounce is all the bearish movement going down into...
GBPJPY - The Bulls Tired Enough For Bears to Form Trend?
GBPJPY - BULLISH - But Holding to continue Push Upwards...
We can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone. If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p But...
GBPJPY Intra - Bearish 145.5 / Swing - Bullish 148.5