GBPJPY BUYS TO 155.500. Based on the HTF market structure. Currently looking for buying opportunities to 155.000 then 155.500. Overall market structure on H4/Daily is bullish. Currently ranging on H4 TF but once we have an H4 candle closure above 154.750, GBPJPY will fly to 155.000 then 155.500. Targets are posted below. Once Price hits TP1, stops are moved to...
GBPJPY has been great to us of the past few weeks. Staying on one side of the market buy calculating Daily the strongest and weakest of the Major Currencies has helped us maintain our edge using proven Statistics. GBP has been ahead of the pack for several weeks and has been increasing its strength daily over the other Majors. 146.560 has proved a great target...
GBPJPY uptrend movement and in a bullish market. We expect that G/J will reject the trend line together with the 50% fibonacci level, creating another big bull run. Risk reward ratio of 3.90. We place the SL arround 141.500-141.300 and our TP 143.380
Signposts summarized key chart details. Sell off from the 141.24 level continues to weaken. While 140.69 is a rather minor level, price is holding on this week's open. Pound traded higher despite Brexit news, which is expecting to hold given current price action. Aiming to see 141.24 resistance invalidate over the next couple of weeks. [ Note that ideas...
As I have already had a very good day, I decided when GJ broke resistance to use the 15m timeframe for confirmation, the reason being I had a lot of profits to use as leverage. When support formed on the 15m, I took a buy entry as the new 15m candle broke the high of the previous candle, with stops below that candle. As price went up into 10 pips profit, I...
"When the dragon meet the balls, make your wish.. -Zezu Zaza Webinar 6th May 2020 This is my favorite pair scalping and swinging. Most of the time, I do not suggest this pair to the novice traders. I grew up with this pair. I do not traded EURUSD and USDJPY because it was slow in volatility. I normally used EURUSD and USDJPY as a reference to other currencies...
Confirmations: 1-Fibonacci level 2-Offers area 3-Price action 4-Bearish structure
Gbpjpy - Daily - Long setup on test of weekly demand
Hi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support. I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP...
its bouncing, I hope looking for a good profit. Just MY idea
Longing support here, looking to test the support that was lost, currently untested. A close below my stop level will invalidate the trade
Back tested our major support and resistance zones in the market and it looks like our down trend will end soon. Possibly near this friendly support area. If so, based on fibs theory we are looking at a pretty sweet buy leaving us with 100-120 PIPS of profit. Good luck!
2nd leg push down, then bounce back up to median.
On the weekly time frame GBPJPY finally managed to break out from its long time resistance. You can see that in the past years it bounced back 3 times but this week it has finally broken it. This means 160+ is next for GBPJPY. Keep in mind that this is the weekly time frame providing a long term view. There will be plenty of retracements and small corrections to sell.