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Gbpjpydaily

GBP/JPY Pullback off 144.80/70 And Selling Opportunity Successful recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass 200-day SMA level of 144.60, short-term descending trend-line at 144.80, followed by 145.20, can act as intermediate halts during the upside towards 50-day SMA level of 145.90. On the downside break of 143.70, 143.00 and February month low near 141.00 could gain sellers’ attention. GBPJPY Sell opportunity 144.80/145.00 level because Daily 200 ma and 100 ma Moving Average Area best sell opportunity in technically. On the downside break of 143.70, 143.00 and 142.45 could quickly appear on the chart whereas 142.00 could flash on sellers’ mind then after. Previous Weekly High 147 Previous Weekly Low 145.13 Previous Monthly High 148.88 Previous Monthly Low 143.72 Daily Fibonacci 38.2% 144.2 Daily Fibonacci 61.8% 144.47 NEWS:- ======== GBP:- The Bank of England will not raise any kind of rate this year. Until the end of the issue of the issue, Jahutu Bank on England will not make any major decisions. The Bank of England's monetary policy will not help in any kind of pound. And the Bank of England governor will change, they are looking for new governors for long term. So the latest commentator does not seem to help here. The next week, GBP's market capitalization data is all about the Bank of England Kendrick. #GBP Microeconomic Mixes. #GBP Macro Economics mixed curse bayerish. **Focus on BOE's monetary policy meeting next Wednesday. **No progress in cross-party negotiations likely to keep the Pound subdued. JPY:- Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. JPY futures markets shrunk by around 5.5K contracts on Friday, according to advanced data from CME Group. Volume followed suit, down by nearly 5.5K contracts after three consecutive daily builds. Nikkei 225 closed all week for holiday - (JP) According to recent survey 48% of Japanese are against sales tax hike scheduled for Oct - Japan press
Long
by Saleh11
GOLDEN WEEK At the moment we price is currently in a strong support and resistance zone ( green box ) In the trading week ahead we will be looking at 2 possibilities. 1. Price breaks out in a bullish manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further bullish movement and reaching our next TP area ( 400 pips, also previous support ) 2. Price breaks out our zone and makes a bearish run down to our support level and TP of around 280 pips. Now this is a swing trade so expect to hold it over the whole week, but we should get some rather impulsive moves as in Japan it is "Golden week" this is an extended holiday so there will be low liquidity involving all pairs during the Asian trading hours. This low liquidity can cause extreme market movements and flash crashes and seen before on 3rd January 2019 with JPY cross pairs ( get your chart up and have a look ) We are going to try and use these sudden big movements to our advantage and hopefully hit our target this week, We also have high impact GBP news on Monday morning and on Thursday we have 4 lots of high impact GBP news, so add this with the low liquidity in the markets we could see some crazy moves... Fingers crossed ;p Obviously trade with caution and use correct risk management!
by ApexFX_Pro
7
Buying GBPJPY on Dips: BIG 500 PIP Target at 149-150.We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected. GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally. From the chart, I would like to point out 3 things: (To receive signals, ideas and updates, don't forget to check my signature at the bottom of this idea) 1) Price is above the 100D EMA, which clearly indicates that the BIGGER TREND is BULLISH. 2) We have a very strong support zone at 143.80-144.20. 3) Price recently broke out of the TRIANGULAR FORMATION. Now, it's retesting the triangle. Even if GJ goes back into the triangle there's plenty of support. So, in view of the above, I believe "BUY ON DIPS" is the right strategy. Scenario 1: Traders can go long when price touches the 100D EMA at 144.80. TPs can be set at 145.70 and 146.50 respectively. To keep risk low, use small SL at 144.45 Scenario 2: If 144.80 doesn't hold, traders can go long at the support zone at 143.80-144.20. TPs can be set at 144.20, 145.50 and 147 respectively. SL should be placed below 143.50 If you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback as well.
Long
by TraderAvDM
Avoid getting f#ckedWe can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone. If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p But obviously with trading any GBP pairing around brexit you have to be careful and use correct risk management to avoid getting f#cked.
Long
by ApexFX_Pro
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Short
by FxProNow
1
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Short
by FxProNow
1