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Gbpjpydaily

GBPJPY - Buy Entry - D1 ChartGBPJPY - Buy Entry - D1 Chart Buy @ Current Market Take Profit @ TP 1 or TP 2 Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
GBP/JPY approaching historical resistance level! Will it drop?Overview - GBP/JPY is on a relentless rally since October'2020. A moderate correction took place in March this year but price has broken through the 153 level now. Most of the retail traders are selling GBP/JPY but price is in a continuous uptrend. But, it looks like the time for sellers is finally here. Analysis - As you can see from the chart, 156 level is a historical resistance for GBP/JPY. It looks unlikely that bulls will be able to take out this resistance level in the first attempt. So, this might be the much needed catalyst for the Guppy sellers. Probable trade set-up - Based on the analysis, a short entry at 156 with SL above the resistance area and first TP at 152 and final TP at 148 looks very good attractive. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
by MarcellusLUX
18
Strength Continues in GBPJPY MID Term Target Still In Play GBP/JPY Has been great to trade the past few months sticking with Our MAJORS CURRENCY HEAT MAP which we update daily & share for FREE. We have been able to focus on one side of the MARKET at just being a BUYER of this PAIR. There has been no reason to look for SELLING this pair as JPY has remained at the bottom of the MAJORS along with CHF, for a good while now. GBP STRENGTH has been consistent too leading the board along with AUD. Out of the EUROPEAN majors GBP has left EUR & CHF behind. It's strength against these two can easily be seen in both EURGBP & GBPCHF Therefore we remain with out BULLISH GBP bias & are trading it against selected weaker MAJORS currently they are GBP-JPY and GBP-CHF Since retesting 149.400 last FRIDAY 05/03/2021 GBP JPY has continued towards are MID term TARGET at 153.150 There was also a very clean and text book break and RETEST re-entry trade offered on Tuesday 09/03/2021 when last weeks high was retested.
Long
by seekingpips