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Gbpjpysignal

GBPJPY the monthly : price is fully bullish, we can see that it broke the strong supply and demand zone. weekly; price broke and retraced to the broken supply and demand zone, there are two candles rejecting the zone so I'm expecting a retracement to the downside and then a bullish continuation. daily; The trend is fully bullish there is also a high momentum and we also have the SMA's confirmation of a strong bullish trend, so I'm only looking for buys 4h; There is a probability of price retracing then continuing the bullish trend or breaking and retesting the zone either way ill be looking for a long trade after seeing some shrinking candles on the zone with some rejections and a hammer candle as a confirmation to look for my entry on the lower timeframe RM; sl; below the rejections tp; next s/d zone R; 3:1 minimum
Long
by Ily14
1
Welcome, New Trading Week Commences!Starting off the week with a much needed analysis for the pair GBPJPY. Great British Pound / Japanese Yen This pair has been in a constant incline since CPI in March ... If you don't trade this pair often, at least attempt to focus on my RESISTANCE (sell) zones. Don't forget about the reversal! How to play my chart: Buy at support TP's (green), sell at resistance TP's (red). When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays! All likes/comments and feedback are very much appreciated!
Short
by ExclusivelyFX
GBPJPY - SHORT; Looking for a Top hereThe Pound found itself rather unimpressed on the heels of the recent inflation data prints. Speculation abound whether there is one more rate hike left in the BoE, before long? (Likely.) Even so, everything (including the kitchen sink) has already been factored into the Pound crosses thus, any short fall in inflation prints from here on out are likely to have severe (down side) consequences! This pair has been quite overextended, already, above 170.00. The EUR/GBP is showing signs of an intermediate bottom, following its recent drop. (Thus, if anything this is the pair to look for Shorts, vs. the EURJPY.) Overall, both pairs EUR/JPY and this one, GBP/JPY are somewhere very close to a (very!) long term top, e.g., both pairs are deserving some unmitigated attention at this point. Looking for Short Entries here Here is the Daily view; ... and here is the EURGBP;
Short
by Nemo_Confidat
21