GBPJPY Long Setup Price was consolidating last week BUT it has failed to break the low of 149.000 area and has a formed a falling wedge pattern, the gains on Friday has confirm this movement to bring price higher within this expanding channel.
Overview - GBP/JPY was in a correction and consolidation phase for the last couple of weeks. However, on Friday, a big bullish candlestick was printed on the daily chart. Can this be the start of a new uptrend? Let's analyze Analysis - From the chart, you can see that price is still above the 100 day moving average, which indicates the uptrend has not been...
Welcome to our Trade Setups - April 15th ( GBPJPY ) ! BUY GBPJPY ENTRY LEVEL @ 150.022 SL @ 149.356 TP @ 153.427 Max Risk: 1% - 3%! Risk/Reward Ratio: 5 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
As shown in the chart, you can buy with a moderately tight SL if this 4H candle turns out to be bullish. Keep in mind that price action is not that supportive of the bulls right now. So, be careful ;) as use proper money management.
This pair is yet to tap into the low of the Asian Range, although it is trading within its most recent order block, I do think it is likely that a sweep of the lows will come before we begin to target some upside levels. According to market sentiment 55% of retail is selling GBPJPY.
Hi there, A Bearish Rising Wedge is forming at daily timeframe on GBPJPY, reversal is comming soon, Im waiting for the target arround 154-155 to go in for sells Jpy will get weak again incomming weeks, as it is slowly changing the bearish trend After we top in I expect GBPJPY to go for another low on the Monthly timeframe, as USD is showing signs of trend change,...
Buy set-up for GJ with entry, tp and sl as shown in chart
GJ create hidden bullish divergence in 1h, 2h & 4h also! So it gonna bullish again
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY is in a strong uptrend so in my point of view we need to see a pullback to this area of value and to see some sort of rejection hope you like il be glad to see your opinion about it I'm still a beginner though if you want to give some advice il be happy.
Actually this Is buy limit order At 151.50 Trend is still up 50 day moving average Below
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/JPY Has been great to trade the past few months sticking with Our MAJORS CURRENCY HEAT MAP which we update daily & share for FREE. We have been able to focus on one side of the MARKET at just being a BUYER of this PAIR. There has been no reason to look for SELLING this pair as JPY has remained at the bottom of the MAJORS along with CHF, for a good while...
ITS GOING UP... NB: risk management largely advised