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Buygbpjpy

GBP/JPY pick your side - Because this isn't easyI was asked to do an analysis on GBP/JPY And It's like trying to get blood out of a stone. It's premature right now and I just can't see any definitive direction. By intuition, I would say I am more bullish than bearish. There is a Potential Falling Flag and a Potential Cup and Handle forming on it and the price definitely needs to go higher to close above. Then I'll have more leeway for doing a proper analysis. The target I guess is at 205.86 Nature: MPT Price<20 and <200
Long
by Timonrosso
GBPJPY Hey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 151-152 Zone, we might see a pullback around 153 zone towards 151 before the rally to 156 zone, Back then we might consider a swing sell around that strong supply zone. Once we will receive any confirmation we will execute the trades, currently we are just preparing the setups for the next week and setting the most strong zones. Don't forget that money management is the key level to success in the Trading journey so always consider following a good money management plan especially with swing trades because the movements are more Violent! Good Luck and Happy weekend! Joe.
Long
by JoeChampion
14
Bullish GBPJPY Our Forex Heat Map shows weak JPY & To Buy GBPGBPJPY Has been a great pair for is to trade on the LONG side over the past few months. Our CURRENCY HEAT MAP has kept us from selling any GBP. JPY has consistently given us a SELL BIAS and so pairing up these two majors good opportunities have been given every WEEK to BUY GBPJPY Check our previous ANALYSIS on this MAJOR & see how we did for yourself. We still see No Good Reason to be SELLING GBP/JOY & so continue to BUY THE DIP. If you enjoy our CHART FORECASTS please be sure to FOLLOW US ON THIS PLATFORM
Long
by seekingpips
2
GBPJPY - Potential buy trade opportunity using price actionTaking a look at the Daily chart on GBPJPY we have seen a potential level that could generate a bullish trading opportunity. As you can see from chart, we have what looks like a possible stronger level of horizontal support around the 135.74 mark. This level has seen multiple registered hits on the line both using this level as previous support and resistance in the past. The more hits a trend line receives the stronger it can potentially become. What can help to increase the probability of this level is that it also lines up with the 38.2% Fibonacci retracement. As with all levels we expose as possible trading opportunities we still need to be patient and see what price does once it gets there. If price does fall to this level of convergence then we want to go down to our lower time frames and see if we first get a bounce off this price zone and then we want to look for any additional confirmation in the form of a smaller bullish price pattern or structure that could get created. If price drives straight through this level then no action is needed to be taken.
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Long
by DavidVillagra
7