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Gbpjpyoutlook

GBPJPY hello, currently GJ just pushed up and hit our first tp 0.00% as first TP and also broke the trendline with a big bullish candle and is next to 61.8% on old fib level and is currently near a zone, you ought to be careful when trading around this area where there is a critical zone thats where currently we are seeing doji candle but overall i want to see it break through this current zone and push past to the -27.00% and move back down to test this current zone incase it doesn't reject it. But make sure all confluences are lined up before taking a trade. Have blessed week, remember to ask Jesus for his wisdom and guidance and he will show you. Jesus loves you<3
Long
by louisemwesigwa
GBPJPY | Perspective for the new weekFollowing over 200pips profit during the last week's trading session (see link for reference purposes); it is obvious that the GBPJPY pair has been displaying a back and forth set-up within a tight range of 160 and 164 areas. With the possibility of the incitement of a retracement wave, the possibility of a bullish momentum can not be ignored as the key level at 160 remains a strong level for buy opportunity going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
gbpjpy correctionhello, GJ has been in an impulse move and now its doing a correction after do a correction and then test to 161. Right now on fib level we are on 61.8% on HTF means reversal and we also have a wick which shows price exhaustion. While for structure its showing a sell although you have to keep in-mind the overall trend which a bullish trend. More so, I can see divergence on the daily chart but sometimes divergence can tend to take long to act out. Wicks always show exhaustion so pay attention to them Kindly make sure you have all your confluences in-line. Share with me your thoughts. JESUS LOVES YOU AND DIED FOR YOU <3
Short
by louisemwesigwa
GBPJPY AnalysisLooking at the weekly timeframe, GJ has been in a flag correction since the beginning of May, following a very strong impulse from mid March this year. Price has given us 3 touches on our resistance trendline confirm that price is respecting it. price has since fallen off this 3rd touch (as seen on the chart above). We were in a correction phase until price broke out with great momentum (represented by the length of the candles on H1) but was also quick to reverse back into the correction pattern. However, on the H4, its not really final as to what price wants to do. Im waiting for either a daily candle close or H4 close to support my bias. Overall I am anticipating a fall in GJ. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Short
by Magnatrio