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! :-)
Hello guys! it's time to take a close look at this pair which reached an important level. All the details are in the chart. Like if you agree, follow and support please!
formation of a small price consolidation to continue its downtrend, TOWARDS 121.
IS CLEAR NOW JUST PUT SELL AND TP @ 126 SHORT AND @ 125.4 LONG
GBP/JPY has been in a downtrend for a long time. Technically, things have changed a little bit. First of all, look at the candles that closed above the 26 EMA. A candle or two just closed above EMA 26 does not mean that the pair is ready to buy. I have consulted it with other trend indicators as well. It seems to me that the pair can pull back in upward direction....
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.
GBPJPY LONG EXPECTED - TARGET 146.XXX
It a long term Trade with high Reward 1:3.5 Risk Reward let's see
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...