The Single Best Trade for 2021... and beyond.
This trade naturally stands the reason. It is the worst G10 currency prospects versus what's still the most stable("best") G10 out there.
While Japan continues to maintain a healthy Account Surplus (for several decades by now) the UK decided to inflate the BoE's balance sheet to the tune of 120% of GDP, in just a few short months.
This fact alone justifies a complete re-pricing of this cross, without the need to speculate on the impending doom of the UK, a debt-ridden, rapidly aging, outpost (and Not just because of Brexit - which is a day late and a dollar short!) that is currently dying in the pandemic (economically and in the literal sense) faster than any other country in the developed world.
E.g. a total and rapid repricing of this pair is inevitable. (... and as we all know that, this pair can do that faster/better than any other pair in the majors!)
Here is the Monthly outlook
- And for those who wondered "what the 2nd best trade could be"...;
Gbpjpy_outlook
GBPJPY 4HRThe bullish break of structure occurred around the 137.90 handle. It's currently retesting the 137.90 handle where it's safe to place a short sell to minimum 136.385 handle. It should complete the D leg structure of Harmonics at that level and from there it should wise to place a buy, however in order for the bulls to get a stronghold it should break 139.813 handle.
GbpJpy at confluence supportIn my last GbpJpy analysis I said that I will sell this pair on confirmation. Since then GbpJpy dropped 100 pips and now is trading just at the confluence support.
A break here should accelerate losses and give scope to my 135 target.
Sellers can try to sell rallies and only a daily close above 140 would change my bearish outlook at this point
GBPJPY 800 Pips/8% Account growth expected will it reach 145.00?GBJPY
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Price above Point of control-Volume profile
2️⃣ Bounce from lower trendline
3️⃣ Broad weakness of USD, Positive brexit talks
4️⃣ 138.00 Dynamic support and resistance
5️⃣Bounce from 134.00 Key psychological level
6️⃣ 135.00 will Acted as strong support
7️⃣ Technical support - Bull
8️⃣141.500 will acted as key reversal-bearish
9️⃣ July high-Immediate resistance-Alternative bearish entry
🔟 Possible swing target-145.00 psychological level
#️⃣ Overall bullish trend-Within converging triangle pattern
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📉 Technical bias-H4-Bullish
Price is around 50,100,200 Exponential moving average
100,200 Exponential moving average will act as support-Bull
Relative strength index - Reached 60- Still it has some room for the bull
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is still green-Price is above the cloud-Middle line support
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band
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Key reversal area's
136.000 psychological level
142.600 August month high
139.730 July month high
136.050 50% Fibonacci retracement level
140.00 Major psychological level
136.400 Possible entry- Bull
141.500 Trendline resistance/Alternative bearish entry
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Bullish entry #poundr #gbpjpy
Entry price - 136.400
Take profit 01 - 138.400 (180 PIPS)
Take profit 02 - 141.500 (475 PIPS)
Take profit 03 - 145.000 (800 PIPS)
🚫 Stop lose 135.400
⬆️ 6.3% Growth expected
⤴️ Account growth .73: 6.3
✅ Risk reward ratio 1 : 8.5
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GBPJPY BUYING WITH NO EMOTIONS !!!GBPJPY has break a higher high and now after a small retrace it will going to move more higher as we expected
we are going to buy it from this strong support zone which was a Resistance and break successful now we are trading this pair with a small risk and higher rewards
friend we love you likes and comments kindly keep following us for more updated trades
GBPJPY - Outlook 29 Sept 2020 - Where would it be heading now? Hi all traders,
I have done this video analysis of gbpjpy for you all to take note of some of the important areas.
Now that gbpjpy have broken the important trend line, we should be sell biased at least for now.
Do leave your questions in the comment section.
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Cheers and thank you very much!