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Gbpjpybuy

GBP/JPY Buy idea, bullish candle at the supportOverview - GBP/JPY was in a correction and consolidation phase for the last couple of weeks. However, on Friday, a big bullish candlestick was printed on the daily chart. Can this be the start of a new uptrend? Let's analyze Analysis - From the chart, you can see that price is still above the 100 day moving average, which indicates the uptrend has not been broken. The recent down wave is merely a correction. After many days of consolidation at the support, a big bullish candlestick has formed on the daily chart. Thus, the likelihood of a new uptrend brewing is reasonably high now. Probable trade set-up - Based on this, if the positive momentum is intact, a buy @149.90-150.20 with SL below 149 and TP at 153 may be considered as a potential buy signal. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Long
by MarcellusLUX
10
GBPJPY is topping soon!Hi there, A Bearish Rising Wedge is forming at daily timeframe on GBPJPY, reversal is comming soon, Im waiting for the target arround 154-155 to go in for sells Jpy will get weak again incomming weeks, as it is slowly changing the bearish trend After we top in I expect GBPJPY to go for another low on the Monthly timeframe, as USD is showing signs of trend change, JPY follows as it is also a safe haven. Wait for the targets mentioned to go short Good luck
Short
by fernandoc17
7
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