GBPJPY bounced from support, potential for a further rise!
GBPJPY bounced off 140.9144 where it could potentially rise further to 141.7024.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Gbpjpybuy
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Same thing as GBPUSD I feel GJ is luring is less experienced traders into taking shorts where we will then pop the the upside whipping them out then rolling over to the downside.
Always keep in mind price always have multiple rejections. At least 2. Theres no missed trade just be patent and wait for another opportunity for an entry. Rarely does price just take off I one directions. At the moment staying away from GJ.
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Pushing to the top on consolidation. Like GU I feel we're going to have a big surge to make new highs then it is going to quickly roll over to the downside. I feel it will be key to be patent and alert waiting for the highest quality entry. I feel huge shorts are on the way with this pair.
GBPJPY - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( GBPJPY )!
-
1 HOUR
Waving market structure.
4 HOUR
Prices at range low, hold long on this one!
DAILY
Sideways market at its lows, high chance to rise now.
-
FOREX SETUP
BUY GBPJPY
1ST ENTRY @ 140.160
2ND ENTRY @ 139.780
SL @ 139.120
TP @ 141.310
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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 60M Long&ShortHello traders!
There are two possibilities here, a long from line B to A for 30 pips and a short from lines C to D for 30 pips,
depending on which way the market heads on open. These trades will be void however if the market opens
with a gap that disrupts current price action.
These trades can be taken with a buy stop or sell stop order as a set&forget setup.
It`s recommended to position stops no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
GBPJPY approaching resistance, look out for potential reversal!
GBPJPY is approaching its resistance at 140.500 where it is could reverse down to its support at 139.089.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPJPY - Update on next moveANALYSIS ON GBPJPY
Welcome to my analysis
-
1 Hour Chart
-
Interesting Point of interest In the GBPJPY pair.
- Price above 200 day EMA.
- Expecting more move to the upside.
- MACD showing bearish divergence but i can still see one more push to the top.
SELL at top, we should see move to around 144.00 zone.
Stay Tuned
GBPJPY - BUY NowYes if you can see the circled areas and whenever its hit the 50 EMA price is bouncing upwards. Did you noticed it? So in that case its better buy GBPJPY based on history.
Note: Trade at your own risk.
Join with us for free signals
Telegram - t.me
Facebook - www.facebook.com
Twitter - twitter.com
Website - www.forexcaction.com