Gbpjpydaily
GBPJPY Bullish Scenario (H4 Timeframe)Another long term trading opportunity for GBPJPY!
After a deep pull back, more bullish moves are expected on this pair!
Any bullish pattern and candlesticks on lower timeframe might be additional proof for bulls dominance!
Its a long term journey, patience will be needed for this one!
GbpjpyGBPJPY
Here we have the chart of GBPJAY I am going to short from here because on the monthly time frame it touched the strong resistance And if we see one the other side we easily can see that GBPJAY running on the parallel channel and given breakout
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Thankyou
I hope from this trade you will get some green pips 💲💲🤪
GBP/JPY is about to reach a support level, buy trades possibleGBP/JPY is about the reach the 148.50 support level from where we can see a reversal.
I advise traders to watch out for Bullish candlestick formation at the support zone that
I have highlighted in my chart.
If the bullish price action occurs, the following Buy trade will be valid
Buy entry@148.40-148.80
SL: 147.85
Target 1 : 150.20
Target 2: 151.50
Target 3: 153.30
GBPJPY: BEWARE FALSE BREAKOUT SOON.Since last week, Japan has big problem again with Corona Delta variant and very common could delay economic recovery in Japan.
you check on Daily chart of #CoronaVirus cases in Japan.
Just worry it will create false breakout on the chart.
Play safe and wait confirmation and do not rush your trade
GbpJpy- Trade the breakAfter reaching 156 high, GbpJpy started to drop.
The drop is corrective in nature and has stopped in 149-150 very strong support
At this moment the pair is trading around 153 resistance and a break here could lead to acceleration to the upside.
I'm looking to buy for 160 target
GBPJPY - SHORT This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.
Short GBPJPY @ 155
TP: 153
SL: 155.30
Good luck!