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Gbpjpydaily

GBPJPY reversed from resistance, potential drop! GBPJPY reversed off its resistance at 137.124 where it could potentially drop further to 136.067. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPJPY reversed from resistance, potential drop!GBPJPY reversed off its resistance at 136.537 where it could potentially drop further to its 135.826. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
by Pepperstone
May the force be with you ;pFormed we have a good trend line ( TL ) now price is been pushed into our red zone which is previous support, we are expecting 1 more test of this area and then price to break through this TL. We have had weeks of bearish movement from this pairing, but now with May resigning we personally are expecting GBP to strengthen slightly which will cause this strong TL break. Now with May gone lets hope the UK can wake up and sort Brexit out and strengthen GBP again.
by ApexFX_Pro
GBPJPY at Major Demand Area: BIG BUY if Support HOLDSAfter dropping for almost TWO WEEKS, it would be interesting to see if GBJPY manages to Stage a comeback. Price has hit a Major DEMAND AREA on the Weekly Chart. We need a couple of Constructive BREXIT related News and Improved RISK APPETITE this week to push GBPJPY higher. So, in case of POSITIVE DEVELOPMENTS, as mentioned above, Swing Traders can definitely BUY at 139.50 area with SL below 138. TPs can be set at 143.80 and 148.50.
Long
by TraderAvDM
1
Steroid factory robbed!!!Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't you ;p Anyway enough of the gym talk... we are looking to see what price does at market open before we take a position on this pairing but we are looking for a possible touch and bounce off this level before a bullish run, we do have to be cautious though as the last couple of weeks price has been on a downward spiral bear run possibly caused by the s#it UK government who couldn't organise a good old p#ss up in a brewery or a fight at the boxing, And that is saying something as us Brits love a good drink and a scrap ;p So keep your eyes open for a test of this level or possibly we might action a buy trade for our clients tonight depending on where markets open.
Long
by ApexFX_Pro
GBPJPY Approaching MAJOR SUPPORT LEVELS: Potential BOUNCE/BUYGBPJPY is approaching two MAJOR SUPPORT LEVELS, the first being at the 141.01-141.15 area which has seen some decent INSTITUTIONAL BUYING in the past. The Second Support being at the 139.80 area which is a STRONG SUPPORT as well. It's expected that GBPJPY will bounce from one of these LEVELS and go towards the RESISTANCE at 143.80. So, traders can look for BUY at 141 with very small SL at 140.70. TPs can be SET at 142.30 and 143.80. If the above SUPPORT fails, traders can BUY at 139.80 with SL below 139.30 and target 141 and 144 as TPs respectively.
Long
by TraderAvDM