We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected. GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally. From the chart, I would like to point out 3 things: (To receive signals, ideas and updates, don't forget to check...
Trade no.1004 Order Type: Pending Buy Stop Buy at 145.84 SL at 145.39 TP near 146.40 or 30 pips+ Order Type: Pending Sell Stop Sell at 145.05 SL at 145.50 TP near 144.45 or 30 pips+
For concurrent updates on trades, setups ; follow @sniptrading on Twitter, Instagram and Stocktwits. Support with your likes, Subscribes and follows.
I am expecting GBPJPY to continue its bullish move with potential of reaching 145.58- 145.96 before pulling back to 143.21 -142.81 And from there I am expecting it to drive back up to 149.89 region. Please note that this is just my analysis and not a trade advice for anyone. Let see how it will play out soon.
ON THE WEEKLY PRICE JUST BROKE OUT OF THE RISING WEDGE AND IS CURRENTLY DOING A PULL BACK FOR A BEARISH MOVEMENT TO THE 125 LEVEL. ON THE DAILY CHART, PRICE IS IN A TEXTBOOK DESCENDING TRIANGLE ON THE 4HR CHART, THERE IS AN INTERSECTION OF THE RESISTANCE AND A TRENDLINE AT THE 150 LEVEL, i AM HOPING PRICE WILL GET TO THAT LEVEL AND THEN TURN BACK WARDS. I...
Idea for educational and study purposes. Trade at your own risk. GBP/JPY has been in a very strong bear market over the past couple of weeks, with price reaching lows since March 2018; sentiment toward this market is very bearish. Price continues to fall well below the 50 MA. As price reaches a new low it has tested previous support. The Stop Loss is placed at the...
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
Hi Seildev here. Area of interest 143.443 ~ 144.000 for short term sell (next week or two). And at 140.65~ 140.9 we'll be looking for a buy again. - Fib at 50% @ High 10th/May/17 and Low 14th/Apr/17 - Another 50% Fib @ High 31st/May/16 and Low 7th/Oct/16 - Forming a classic ascending triangle - Structure shows 143.75 to be a key level that acted as support and...
My bias for this pair is short since it's in an overall downtrend at the moment and a rejection of the 61.8 fib would confirm further downside, however a break of the 144 resistance with trendline break would turn my bias bullish as illustrated on the chart. I'll be waiting to see how it reacts to the 61.8 fib , in the bigger picture I'm expecting a...
GBPJPY : MAJOR SUPPORT LEVEL @139.697 seems to hold. Potential reversal coming soon!
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck
Small inside/doji bar on resistance and trendline. Also trading with the trend
I expect GBPJPY to retest our marked resistance zone and then continue its move downwards. so if its one of the trade plans get ready with proper stops and targets to get on... Happy Trading !
Greetings Traders, We are currently in consolidation around the resistance level of 129.671. Looking for Monday if we break-below / close-below it would be a SELL opportunity down to 127.038. If we do not we will trend price action up to 133.316. Will keep you updated on action! Check out this outlook video for this weeks for GBPJPY: youtu.be Happy Trading!
SUMMARY: The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
The reason why we feel GBPJPY may RISE. * On weekly basis it has just started moving UP. * To RISE and come near 164.86 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Rising. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :163.29,...
We expect GBPJPY to RISE. CCI is rising. RSI is rising. STOCHASTIC RSI is rising. We would like to LONG GBPJPY above: 160.93 SL: 160.38 TGT 01: 162.31 TGT 02: 162.92 TGT 03: 164.80 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.