Gbpjpybuy
GBPJPY#1--->Waiting buy:Good day, dear #investors and colleagues #traders!
To your attention, a technical analysis of the #Gbpjpy currency pair:
#Comment_to_past_week:
The currency pair, under the influence of the factor #usdjpy, got rid of the major pair #gbpusd, this allowed to close the week +146 points (+ 0.98%).
In this asset, the difference in the indicators of economic data was especially felt.
It was rather difficult for the pair to determine the direction of movement and in the moment, it fell almost 100 points in the direction of our forecast.
#Technical analysis:
Globally (D1):
The currency pair changed the picture over the past week. Instead of a flat, on the daily chart, we got an upward channel with an obvious resistance zone: 144.03-144.60. By the way, at the time of writing, the pair is approaching the lower border of this channel.
Locally (H1-H4):
In this case, the global projection is also shown on lower time frames, and according to our estimates and our system’s estimates, in the conditions of a currency pair reduction to marks: 142.50-142.30, this can serve as a signal for a favorable place for shopping.
By tradition, we call the weekly support and resistance zones:
A) Support: 142.92 and 141.30.
B) Resistance: 144.30 and 145.57.
#Orders_and_position:
At the moment, the price is in a neutral state.
Therefore, we recommend that you refrain from opening positions at this time.
However, we recommend that you wait until the pair “finds” consolidation, only then, we suggest you open long positions with short stops.
By levels, this is the zone announced above: 142.50-142.30 (Only in case of consolidation at this level).
Regards to subscribers,
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My Idea on GBPJPYI'm looking for a long break on GBPJPY but first I'm seeing the market going side ways all the way to the yellow Zone, I'm still going to keep my eye on this pair we might see the break happening before the Zone. and like always we should respect the reversal patterns they can be a confirmation of the break coming up
GBPJPY Good entries coming up <3143.360 is not officially a very strong support for GBPJPY , Today as the market opens GBPJPY is expected to be bullish overall today. It's a good entry 144.350 and if it crosses over 144.350 we can expect a good tail on 1D.
GBPJPY buy@144.350
tp@145.579(150 pips)
sl@143.360(90 pips)
worth taking the risk
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GBPJPY approaching resistance, look out for potential reversal!
GBPJPY is approaching its resistance at 143.207 where it is could reverse down to its support at 142.700.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY - FOREX - 20. JAN. 2020Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Small push above previous consolidation highs.
4 HOUR
Pump and dump, takeout of short holders and down now?
DAILY
Overall market turned bearish , expecting some more bearish pressure.
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FOREX SETUP
BUY GBPJPY
ENTRY LEVEL @ 142.860
SL @ 142.140
TP @ 144.290
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPJPY approaching resistance, look out for potential reversal!
GBPJPY is approaching its resistance at 144.432 where it is could reverse down to its support at 141.280.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.