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Here is our GBPJPY chart. As you can see we are at a great BUY point.
We have hit our MA's and Stochastics Are low. Key zones for price action are highlighted with the eclipse icons.
Looking for a bounce and to exit as labelled.
GBPJPY in a triangle formation on the daily and we are expecting a breakout soon. With Brexit I expect GBP weakness long-term so my bias is on the downside. In addition the trend is still downwards on the larger timeframe (weekly).
Look to enter at current price of 139.40 and at the top of the channel.
Stop Loss 30 pips above channel.
Take Profit at bottom of...
Simple as the title really, GBPJPY buys had a nice bullish run, we now close the buy on the opposite signal.
Buy - 100 pips and the sell is now running.
Regards
Darren
hey guys,
GBPJPY just broke below a key structure.
it is just 15 minutes until a 4H candle close below, so the breakout is 99% confirmed,
now we can expect further bearish continuation to the next support.
130.7 is our next structure!
GBPJPY
Entry: 141.587
Stoploss: 141
Target profit 1: 143
Target profit 2: 144
Please have a look both of my posts about GBPUSD & USDJPY, those two are the reason why GBPJPY can be a bullish
On Thursday, UK retail sales beat, The Irish PM
was confident the border issue could be resolved
and EU negotiator Barnier expressed willingness
to seek out alternatives to the Irish backstop.
Meanwhile, the UK House of Commons voted to
back an amendment designed to make it tougher
for the next PM to suspend Parliament in an effort to force a
no-deal...
I am placing a sell stop on GBPJPY @ 145.064. My MA's about to cross for confirmation.
Levels:
FX:GBPJPY
Sell Stop @ 145.064
SL @ 145.364
TP @ 144.464
Risk: 2%
Looking at GBPJPY I think the pair is running out of steam. I am shorting the high if it goes and test it.
Levels:
FX:GBPJPY
Sell Limit @ 145.707
SL @ 146.007
TP @ 145.107
Risk: 2%
30 vs 60 pip trade
New Long on GBPJPY, expectation is for a lower GDP read @ 10:30, any beat and we will see GBP strength, and technically we are moving into some upside.
LEVELS:
FX:GBPJPY Buy @ 143.356 TP @ 143.956 SL @ 143.056
Risk 2%
GBPJPY could be ready for a bounce.
The green marked zone includes a strong Horizontal Support , a possible Trendline Support , a 50% Retracement and Yearly and Monthly Pivots .
The zone has already been touched, but a second, deeper touch of the Trendline would give us a better Risk:Reward-Ratio.
=== Elemont FX ===
GBPJPY looks like it is about to breakout below a bearish flag pattern setup.
Look to go short when price closes below the structure
GBPJPY has been in a decent down trend, consistently making lower lows and lower highs. For this reason we are only interested in playing this pair on the short side because we only like to take high probable trading set ups that provide us with the best odds for success. Trading WITH the trend provides just that, we cannot stress this enough. With that being...
The pair can end up topping out towards 156.5X. however a possible Bear Flag comes into play and for that matter resis kick starts from 155.7X for now.. Inclining though...
Anyways; weekly still prefers a stab lower to 148 handle and will find out how things roll out..
Cheers.....
i.imgur.com
GBPJPY 4 hr -
GJ 4h tested for the 3rd touch of the trend-line on the downtrend.It has rejected daily resistance and also rejected the 38.20 level on the fibs with a bearish engulfing candle on the 4H. We have a bearish flag pattern on the 4H as well. I'm expecting H1 and H4 structure to break and form lower lows. TP:151.659 and a SL:155.
Sentiment turned negative last week and prices fell over 3 Big Figs forming a weekly bearish engulfing. This leaves signals bearish for the coming week and the call is to sell cautiously on the open and then at Tuesdays' low at 142.38. Targets are to the December 2019 bottom at 140.82, the November 2019 low at 139.30 or even the 61.8% retracement of the Q4...
