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Gbpjpybuy

GBPJPY Double Bottom at Structure!Hi guys, i've been watching this pair for quite a while, price has finally reached the daily structure i wanted to. Here we have two harmonic patterns already completed (Bat and Gartley) and price has formed a nice double bottom with RSI divergence. The first way you can trade it is by buying right now, with stops below the lows and targets at a minimum 1,25:1 RR. The second way is by waiting to see a break of the trendline, that would also mean a break of the double bottom to the upside (and then a 2618 strategy), and buying at the first retracement. That second way would be safer but you can also miss this trade. Now it's up to you. If you want to share your view, comment beneath. Otherwise, see you in the next chart!
Long
by Roker1
5
Two Harmonic Patterns at market on GBPJPYHi guys, i've been watching this pair for quite a while, price has finally reached the daily structure i wanted to. Here we have two harmonic patterns already completed (Bat and Gartley) and price has formed a nice double bottom with RSI divergence. The first way you can trade it is by buying right now, with stops below the lows and targets at a minimum 1,25:1 RR. The second way is by waiting to see a break of the trendline, that would also mean a break of the double bottom to the upside (and then a 2618 strategy), and buying at the first retracement. That second way would be safer but you can also miss this trade. Now it's up to you. If you want to share your view, comment beneath. Otherwise, see you in the next chart!
Long
by Roker1
2
GBPJPY longGBPJPY was totaly exhausted trying to go further down, so what I expect from GJ this week is defitinitely uptrend movement. Important Supply area with daily resistance is important and major area to break. Daily trendline is also major resistance, which will try to hold GJ in downtrend. After breaking trendline + resistance area, i will be looking for buy opportunities same as on USDJPY (on UJ i expect bigger pullback before move up than on GJ) Don't forget to trade with proper RM/MM and caution. Good luck traders! Wish ya profitable week
Long
by PeryCapital
GBPJPY medium term positionThe 50 EMA (red) on 4h seems to be acting as a nice support which has created multiple different support trend lines coming off of many different areas on the chart. A 4h close above 141.50-60 could indicate the start to a 100-150 pip bullish move. If you look at momentum the highest high it made was November 10th 2016, ever since then it has created lower highs. Starting off the high from the 10th of November, momentum has created a solid bearish trend line which it is now trading on the high side of. As long as momentum stays above the -.07875 level we should see market price make a bullish move up to the 143.20 area.
Long
by chrisolivera_
GBPJPY Quaterly Trend Change INVESTORS ONLY Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline. Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time, momentum below market on our model implying there is more upside to come. Overhead key resistance for a bull market stands at 222820. If broken the gates for previous major highs back in 1980 at 569550 will be open. All the best, like and comment your views!
Long
by TheBanker
4