In the short term, GBPJPY looks like it will reach 139.60 area. After reaching that level, there might be some pullback or a short term reversal.
Right now, the price action still supports the buyers. If you look at the 15minute chart, you can see that Friday's end of NY Session bearish move is a temporary pullback.
So, it is quite likely that GBJPY will reach...
After the drop to 135 last week, GBPJPY has rallied up to the 136.60 level which is also the previous high. The rally has happened within a micro price channel which often leads to exhausted bulls.
If GBPJPY reverses from this resistance level then there's chance for another drop. However, I don't advise selling it now . Instead, wait and see if a couple of...
BUY LIMIT - PENDING ORDER
Target 1: 137.85 (140+ pips)
Target 2: 139.36 (291+ pips)
SL: 134.94(151- pips)
Please use sensible lot size. if the SL is higher than your 1% risk don't take this trade.
GBPJPY Smashed my Take Profits for +240 Pips today, and +594 pips TP for this week and -170 pips STOP LOSS for the week which totals
+423 pips profit, I told you to risk your whole account on it. Please Like and Follow for next weeks analysis.don't miss out FOLLOW OZIWESTFX NOW.
Hello traders, this is the update on the GBPJPY trade that I forecast on Jul 17. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
GBPJPY bounced off 136.112 where it could potentially rise further to 136.976.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
With price action finding rejection from the ascending trendline is marks the opportunity for a long entry.
Price has respected the support confirming the uptrend continuation momentum, for the following entry.
S/L: 26 pips - R:R | 1:2.6 -
T/P: previous resistance form swing high
*** If you like the idea, don't be shy, click on...
I posted my reasons on the chart.
Keep in mind this is the DAILY chart, so it could take some time to play out.
I actually want price to push up more towards the trendline, for a better entry (smaller stop) for sell/short.
Also, this is NOT VALID if price DOES NOT reject the golden zone I drew on the chart.
Keep your eyes open, and if you do decide to take the...
Price action has reached a key level where is showing rejection from the downtrend movement experienced since yesterday. RSI is hovering around the oversold region, giving some support to the bullish reversal that may come.
Fundamentally speaking, GBP has shown a favorable report on the Flash Manufacturing PMI, which might bring some positive force into the...
Price action in a bullish trend forming HH&HL, in a correction at the moment, is heading towards the ascending trendline, matching the entry for a long play at the golden FIB level 618.
Price uptrend momentum could reach the resistance level from a previous H&S pattern from last month, exactly where the T/P level will be placed.