Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline. Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time,...
-GBP/JPY manages to break the previous support zone strongly. -There is less resistance on the upside. -Risk to Reward Ratio is 1:2 We are bullish on this trade. EP: 145.486 SL: 141.841 TP: 153.625 Btw, this trade got little positive swap :)
Major trend line broken and retested. start with small positions, build up as the trend goes in your favor.
Now Im in short from 140.52 SL 140.77 Pending buy on 133.56 Lets see Your coment and like welcome! :-)
GBPJPY Short Area 135.496 to 136.915 Target 1 : 133.520 Target 2 : 132.911 Target 3 : 132.302
formation of a small price consolidation to continue its downtrend, TOWARDS 121.
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ON THE WEEKLY CHART PRICE HAS TESTED THE 130.008 PRICE LEVEL (PURPLE), TWICE. PLACE A BUY JUST BEFORE 130.000 LEVEL WITH A STOP LOSS JUST BELOW THAT. NO PROFIT TARGET. LET YOUR WINNERS RUN.
More ideas linked below. Chech USDJPY idea , still a chance for long entry. Give it a like if this has helped you in any way. Follow for more ideas and daily updates
GBPJPY LONG EXPECTED - TARGET 146.XXX
The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback. I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA. I am expecting a retest of the D21 and previous structure found at the 133.200 level before...
Sell the rally, but where to sell? The big blue 504 period EMA represents the Daily 21 EMA on this hourly chart, and as you can see we had 2 nice bounces off of it. I have marked up the 618 fib of the double top so if you were a bear you could short from 132.937 as a 2618 trade with an initial target of 132.477 or roughly 45 pips. The rest is up to your trade...