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Gbpjpybuy

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
GBPJPY Holds Above 140.69 LevelSignposts summarized key chart details. Sell off from the 141.24 level continues to weaken. While 140.69 is a rather minor level, price is holding on this week's open. Pound traded higher despite Brexit news, which is expecting to hold given current price action. Aiming to see 141.24 resistance invalidate over the next couple of weeks. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR