Gbpjpybuy
GBPJPY Setup: Buy Or Sell Are Both Equally PossibleHi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support.
I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP so please be careful as it will give an impact to GBPJPY.
TAYOR and all the best traders!
KHALID HAMID
GBPJPY - FOREX - 29. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish break below previous week support.
4 HOUR
Market at its support zone and psychological turn area.
DAILY
Price action slowing down, looking for a turn now.
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FOREX SETUP
BUY GBPJPY
ENTRY @ 134.080
SL @ 133.560 (50 Pips)
TP @ 134.960 (85 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPJPY approaching support, potential for a bounce!
GBPJPY is expected to drop to 1st support at 136.067 where it could potentially react off and up to 1st resistance at 137.124.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY approaching resistance, look out for potential reversal!GBPJPY is approaching its resistance at 371.18 where it is could reverse down to its support at 311.34.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 137.124 where it could potentially drop further to 136.067.
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