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Gbpjpy_outlook

Fancy riding a bucking bronco?After Thursday and Fridays bearish run last week price is now sat at an important support level and with Fridays candle closing as bullish on the 4H chart we are expecting price to carry on respecting this level, we might get 1 more test and bounce of this level before finally ending up in our green zone. Wit the only high impact news for this pairing coming on Wednesday and Friday the fundamentals shouldn't play a part, Mondays are genuinely slow in the market anyway, but we should be able to reach our target by Tuesday. Just take in not that when trading GBP pairings sudden in expected news about brexit can make the markets move like a bucking bronco... so be prepared for the bumpy ride.
Long
by ApexFX_Pro
2
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Short
by FxProNow
1
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Short
by FxProNow
1
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Short
by FxProNow
1
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNowGBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Long
by FxProNow
Fancy a trip to the MOON?Here we have a trend line breakout and price closed above strong resistance thanks to the strength of the GBP last week, now all technical point to more bullish movement so we are still long on this pairing as we explained in our last GBP JPY post on FEB 28th if you want to take a look at that. A break of 2 strong levels could see price visit the moon again... so get your space suits on ;p If you are in this trade then please use correct risk management as brexit can be a Fu@k#r so do your research and look at the economic calendar for any high impact news!
Long
by ApexFX_Pro
4
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #ForexGBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart. I think here it is... Right now we are at a possible level of resistance at this Daily Key Level $147.5. I will be looking for my TP @ 145.5 - Potential Point B - H4 TF Which is in Confluence with my H4 Key Level - $145.5 After that I will be looking for my TP @ Pending Point D for the H4 TF- TP - 149.9
Short
by FxProNow
1
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #ForexGBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart. I think here it is... Right now we are at a possible level of resistance at this Daily Key Level $147.5. I will be looking for my TP @ 145.5 - Potential Point B - H4 TF Which is in Confluence with my H4 Key Level - $145.5 After that I will be looking for my TP @ Pending Point D for the H4 TF- TP - 149.9
Short
by FxProNow
GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend. I see an interesting thing that has formed... Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146. When Placed I have seen many things... Future Point C would be at 144.1 a Parked H4 Key Level also the last place price has found a level of Support. - For me likely to be where price will draw down then start the true continuation to form a new HH. Also, with placing my fibs here we see Pending Point D - TP #1 - 147.3 - In Confluence w/ our Daily's TF Fibs (-27%) & Pending Point E (-61.8%) - TP #2 - 149 - In Confluence w/ a H4 Key Level
Long
by FxProNow
GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #ForexGBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend. I see an interesting thing that has formed... Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146. When Placed I have seen many things... Future Point C would be at 144.1 a Parked H4 Key Level also the last place price has found a level of Support. - For me likely to be where price will draw down then start the true continuation to form a new HH. Also, with placing my fibs here we see Pending Point D - TP #1 - 147.3 - In Confluence w/ our Daily's TF Fibs (-27%) & Pending Point E (-61.8%) - TP #2 - 149 - In Confluence w/ a H4 Key Level
Long
by FxProNow