Just as any Yen pair, GBPJPY has too many levels to account for, yet I've been able to dig through them for you and here is the analysis.
The charts above are there to show you the big picture.
So the pair has broken two important diagonal...
- Price close to our resistance zone/higher high, we will be looking for a long and a short setup, depending on how price behaves to that same zone.
- Preço próximo da nossa zona de resistência/higher high, iremos procurar por tanto um setup de compra como de venda.
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/JPY has been ranging for couple of days now. Looking more closely we can see it is forming bullish rectangle. When this structure is broken price could go higher.
Let us know what you think...
After the last strong bullish impulse, this pair has been trading within a consolidation channel. If the price continues to go sideways, we hold our horse before placing a trade.
Now, we should wait for the breakout of the resistance level and retest to enter a long position, where we could expect a subtle bullish impulse towards the projection from the flag's...
In my previous GBPJPY idea, I told you to buy at 138.20 and target 139.20 level. That trade set-up played out perfectly and my target reached within 24 hours( idea links attached below)
Well, currently GBJPY has bounced again from the 100H EMA. If the price...
It looks like GBPJPY's uptrend will continue. However, buyers must be careful and watch the 138 area. The price must stay above 137.80 level, which is the confluence of the 100H EMA and the support level.
If price stays above the support level, then we can expect a continuation of the uptrend to 139.20 level.
I have already bought at 137.85 and currently...
Looking for continuation long, GBP pairs have been on fire this last week. I have two positions in prof, just added a final position on this. The trend does appear to remain bullish, I believe it will smash through the last daily high, especially if the JPY GDP is reported at the contracted rate that is expected.
🙂 good luck