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Gbpjpybuy

GBPJPY : IS THE RISK WORTH IT?Hi traders! GBPJPY is standing in a funny place. After a huge bull run was over, it was met by a healthy retracement. I'm getting plenty of different signal from this chart. I have 2 set of FIB extensions set in this chart because the up move was too strong and have super big gaps between the extensions. I have one for the weekly & one for the daily. Also, I added a order block which has been bought and put the price over top of it. The price close over the daily 0.5 and it just under the 0.5 weekly. The RSI is saying the me that they are still more buyers than sellers for this pair. MACD is about the cross... but right on the edge of it. So I'm looking what the GBP is doing vs other pairs and it looks positive. The same can be said of JPY who has shown weakness the last few days. If the price finds the momentum to go up, it will be a very nice push! For all those reasons, here's what I'm seeing : GBPJPY LONG ENTRY : 149.90 SL : 149.117 TP : 154.306 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
2
Long GBPJPY Long Term Based on Bullish Gartley PatternWe've got a triple top on another idea, which we're waiting now for the break of a neckline for confirmation and the continuing drop will be in line with this Gartley pattern to complete Leg D. However, between the Targets 1 + Targets 2 of our Gartley pattern there is our 0.786 fib level, which we will be watching as the retracement for our Triple Top short trade entry - so keep an eye out at these levels. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
GBPJPY Bull Party Has Only Just StartedGBPJPY is a perfect example of why you should also look at te higher time frames. If you would only look at the 30m, 1h, 4h, or even the daily you would quickly judge the GBPJPY has gone up a lot already and that it would be very logical to go back down again. How ever when you take a look and the weekly and monthly you see that price is still rather low and it actually just started its way back up. This is also what we see here on the weekly time fame for GBPJPY. A long term upper range has been broken and its touching the same resistance now for the 3rd time. Which means chances of it breaking this time have only gone up. So long term GBPJPY would be a beautifull buy position to hold on to and add more buys a long the way up!!!
Long
by JoshFX1