GBP/JPY Seems to be Buy with Bullish channel Trend
It seems GBP/JPY hovering to their resistance positions. Today we expected it will reach price @ 149.908
I feel that GBPJPY will be reaching for the stars this week for several reasons. The price is oversold on the RSI Stochastic indicator as well as a crossover of the EMA to the upside. It looks like a bull flag could be forming. Price has continued its recent uptrend since October 2016. It seems to be respecting a trendline and may be starting another take off...
urrent market analysis of GBP/JPY drawn in given below image. From the image GBP/JPY Breakout it’s bullish channel support @ 147.860. Now there is a good Opportunity go bullish until price @ 149.798
It seems GBP/JPY breakout it's resistance price. Now there is a good opportunity go bullish trend unil price @ 156.628
It seems GBP/JPY hovering around support resistance. Now there is a good opportunity go Long until price @ 150.444
It seems GBP/JPY Breakouts it's upword resistance price @ 148.224. Now it's best time to go bullish until price @ 156.000
It looks like downtrend momentum is slowing down.
GBJPY Ready to bounce 152.00 Level With Long tail pin bar SL TP IN CHART
Still holding positions from 150.858 now up to 152.397 - Have a TP at 155.850 for remaining positions then will be looking at selling the dip. Would like to know other peoples opinions on this and if anyone is doing anything differently
Here i have identified an opportunity to profit on a long position on the Gbp/Jpy currency pair for the week of December 18 2017. My target level is 151.100 or beyond before I look to sell again.
GbpJpy H4 chart - I prefer swinging longs on this for the next few weeks targets 155 and a decent risk to reward.
Longer term I am bearish on this pair but I do see room to the upside for another 150-200 pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Buy setup in the 1hr time frame using the Elliot Wave Theory
Hi traders! GBPJPY is standing in a funny place. After a huge bull run was over, it was met by a healthy retracement. I'm getting plenty of different signal from this chart. I have 2 set of FIB extensions set in this chart because the up move was too strong and have super big gaps between the extensions. I have one for the weekly & one for the daily. Also, I...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
GBPJPY RETEST THE BOX IN RETRACEMENT !! TP 150PIPS SL MAXX 50PIPS