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Gbpjpybuy

Strength Continues in GBPJPY MID Term Target Still In Play GBP/JPY Has been great to trade the past few months sticking with Our MAJORS CURRENCY HEAT MAP which we update daily & share for FREE. We have been able to focus on one side of the MARKET at just being a BUYER of this PAIR. There has been no reason to look for SELLING this pair as JPY has remained at the bottom of the MAJORS along with CHF, for a good while now. GBP STRENGTH has been consistent too leading the board along with AUD. Out of the EUROPEAN majors GBP has left EUR & CHF behind. It's strength against these two can easily be seen in both EURGBP & GBPCHF Therefore we remain with out BULLISH GBP bias & are trading it against selected weaker MAJORS currently they are GBP-JPY and GBP-CHF Since retesting 149.400 last FRIDAY 05/03/2021 GBP JPY has continued towards are MID term TARGET at 153.150 There was also a very clean and text book break and RETEST re-entry trade offered on Tuesday 09/03/2021 when last weeks high was retested.
Long
by seekingpips
GBPJPY - SWING - 01. MAR. 2021Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Closure above main sr level. 4 HOUR Good price action and pressure. DAILY Overall sideways moving structure, expecting another push to the upside. - FOREX SWING BUY GBPJPY ENTRY LEVEL @ 148.570 SL @ 147.560 TP @ 150.090 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
48
GBP/JPY Wait For RetraceThe previous trade I posted on this pair went very well and hit TP. This is now at a large resistance level and has been overbought so I want to see a retrace before taking another position. RSI is showing overbought on daily and weekly timeframes. There is a chance to open a short trade but I will not be taking that trade personally as I do not like trading against the trend. This could retrace to any of the Fibonacci levels before rebounding but it is worth keeping a close eye on 0.382 Fib as this aligns perfectly with previous structure. If there is a clear reaction to that price level then that may be a good price to long from. TP can be set at the previous high of 148.296 for a safer trade, as I said this is at big resistance so setting a TP above is risky. If you are willing to take that risk the net target can be 151.666
by olly48
GBPJPY Breakout New Week High - GBP buy as strongest JPY sell FXGBPJPY has been great to us of the past few weeks. Staying on one side of the market buy calculating Daily the strongest and weakest of the Major Currencies has helped us maintain our edge using proven Statistics. GBP has been ahead of the pack for several weeks and has been increasing its strength daily over the other Majors. 146.560 has proved a great target and since turned into a clean support area where several low risk entries were offered from this week. We still like GBP Higher and will continue to trade it on the long side and buy it against the weakest currencies including CHF at the moment. We appreciate all constructive comments to our post and will to to engage with all sensible and polite comments left. We will not entertain any rude or obnoxious feedback. have a great weekend everyone. P.S @Rtradez following your comments on Feb 16 I genuinely do hope you are still short after your comment "Your heat map is wrong then ,it will surely fall hard no doubt" Great weekend to you too. Feel free to contact us anytime.
Long
by seekingpips
GBPJPY: The Start of a 500 Pip Rally?GJ In fact, last week closed above a key trend line near 142.50, and this week’s action is a continuation of that breakout. The monthly chart above shows a triangle/wedge pattern within a larger structure that dates back to 2007. Notice how GBPJPY is starting to break out from the smaller pattern. If the larger structure from 2007 remains intact, and I think it will, it means GBPJPY could be north of 150.00 later this year. Depending on how quickly this rally plays out, the 2007 trend line comes in between 150.00 and 155.00. That’s 600 – 1,100 pips from today’s price, so this is one to watch. However, there will be other resistance areas on the way up. One such area is 148.00. You can see from the chart below how 148.00 has been critical for years. It was even a key pivot in 2013. As long as this week’s low at 142.80 is intact, I like GBPJPY higher toward 148.00, followed by the 2017 trend line above 150.00.
Long
by EagleForexTrade
GBPJPY ANALYSIS 15 - 19 FEBANALYSIS -------------- DAILY TF: BIG BULLISH MOMEMNTUM CANDLES 4HR TF: BREAK OF RECENT HIGHER HIGHS 1HR: BREAK OF A RECENT HIGHER HIGHS PLAN OF ACTION ---------------------- - WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR & OR 5MIN TF TO COMPLETE BEFORE TAKING BUYS - IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELL TRADES - CHECK ASIA & LONDON SESSIONS FOR BREAKOUT OF THE CORRECTION PHASE ENTRY REASON -------------------- - BREAK OF CORRECTION PHASE STOP LOSS @ TO BE DETERMINED AFTER CORRECTION TAKE PROFIT @ NEXT ZONE
Long
by Terapips
2
GBP/JPY Might Reach the 144.29 Level Soon 🚀 🚀 🚀 💡 Trade Idea 📈 Buy Limit GBP/JPY @ 142.95 🎯 Target Profit 144.29 🛑 Stop Loss 142.51 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is a clear upward movement by posting higher highs and lows. Currently, it is trading within a wedge formation, and as per Elliott Wave Theory, we are in Wave 4. Our expectation is a breakout to the upside from the wedge and a move towards the 144.29. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
6
||THE STRUGGLE FOR CONTROL ABOVE 142.2X (GBPJPY)Since start of 2021 we had highs on GBPJPY hovering @141.2x struggling to break above , but failed at (X-1) we have push lower for sellers to cover up some loses towards the last lows @139.5x and the lows held strong at (Y-1) Bullish momentum kicked in at (Y-1) enabling buyers to take control upwards for another re-attempt to break the last point of resistance at (X-1) but it held strong forming a new zone (X-2) While at (X-2) we had a pullback 0.61% retracement to get a bounce in buyside liquidity to break 141.2x which broke out and created new highs @s142xp Similar pattern happening again , so expecting a 0.61% retracement at (X-2) creating a bounce for price to push above 142.2x towards around 143.4x risk: 1-3 risk reward both on buys and sells X- INTIAL HIGHS X-1- FIRST ATTEMPT TO BREAK X-2-SECOND ATTEMPT TO BREAK Y- INTIAL LOWS Y-1-FIRST ATTEMPT TP BREAK
Long
by da-bag
2