Gbpjpybuy
GBP/JPY Signal - GBP Markit Construction PMI - 7 Jan 2021GBPJPY is trending to the upside this week prior to the GBP Markit Construction PMI, and we anticipate continued upside into this event. The data shows business conditions in the UK construction sector. Technically the pair is at the 50 moving average and above the 139.94 support level and we anticipate upside into the 141.210 level.
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. ]
GBPJPY Buys to 142.500 if next H4 closes above 140.00GBPJPY Buys to 142.500 if next H4 closes above 140.00
GBPJPYsee what happens at this zone.. if we see a bullish pattern forming we can expect a push to the upside.
My exprectation for GJif the price respect 140.70 you can take the buy just wait the confirmation if the price break the 140.70 and the next candle opening under the 140.70 zone the buy not valid
GBPJPY Bullish Order Flow Out of London GBPJPY created the daily low during London open by capturing sell side liquidity. It then closed a HHHC (higher high higher close) on the 4HR during NY session giving an optimal trade entry on the pullback. Price pulled back and re-accumulated on the 1min tf and never looked back. Target is the price imbalance that rests above on the 4HR. Now short term, order flow is bullish.
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 await buyhi traders,
price is making rising flag after bearish impulse, i expect price to retest the daily uptrend before retracing to the 0.618 fib region
await price action and candle confirmation for entry
potential sell down to daily trendline.
GBP/JPY Technical Analysis
The counter has been in an ascending triangle formation.
Now, the range is narrowing and the pair is in a make or break situation.
We expect the pair to render a bullish breakout, however, we advise traders to go long only above 140.341.
GBPJPY - SWING - 30. NOVE. 2020Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Bullish pa and pressure.
4 HOUR
Price closed above main sr level.
DAILY
Expecting another push to the upside!
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FOREX SWING
BUY GBPJPY
ENTRY LEVEL @ 138.570
SL @ 137.910
TP @ 139.620
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
GBPJPY W4 NOV 2020GBPJPY
Long Setup
A unusual spike on a Monday has brought GBPJPY to the moon again. Using different strategies, we could anticipate price to reach the previous highs of 142.000-143.000.
*Different view is posted in the comments section
GBPJPY BUY ZONEGood opportunity for buyers, not in a risky situation to buy as if it breaks down the trend line there would be small loss, but Big profit as it goes up, Good luck.
GBPJPY LONG TERM BUY IDEAHello traders i hope your having a great day currently gbpjpy has been very bullish for the past few days and i think this trend will continue long term, so as the jpy yen gets stronger i expect the pound to fall
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 Long Trade SetupGBPJPY has just completed a 5-3 "impulse-corrective" wave cycle. According to the wave principle, once a 5-3 wave sequence is completed, we should expect the price to resume in the direction of the impulse pattern . In GBPJPY's case, the impulse is bullish in wave "a".
I will look for the break of the green lines to confirm my bullish thesis and have my stop loss at the red line . The price has the potential to reach the upper boundary of the parallel channel.
What's your view on GBPJPY? Let me know in the comment.
Thanks,
Veejahbee.
