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Gbpjpysignal

GBPJPY analysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. we are formed LD pattern targets: 152.3 - 152.7 - 153.3 after first target reached move ur stop to breakeven stop: ~150 (depending of ur risk). ALWAYS follow ur RM . Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. If i help you TO EARN SOME MONEY i will RLY VERYVERY appreciate for ur donat! Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive
GBPJPY - WHERE IS IT GOING NEXT?HOW MANY LINES DO YOU DRAW ON YOUR CHART TO UNDERSTAND WHERE THE MARKET IS GOING NEXT? I am not a big fan of messy charts, full of lines, channels, Fibonacci, blablabla... The list can be really extensive. For FX:GBPJPY pair, it has been rising for the last 4 months, non-stop. We can see RSI indicating it is overbought and OBV showing divergencies vs price movements. It has also reached a strong resistance trend line, coming all the way from 2016. It has also touched a strong resistance level, which has put the price down on the last days of February. On top of that, it has reached the top of a rising channel. Which I expect to hold and drop the price to support levels. My take is that price will revisit this strong resistance level and continue its way down... Nevertheless, it needs a correction from the 4-month rise. I expect next week to form a strong red candle. WHAT IS YOUR BIAS? Please share with me below. HOPE YOU HAVE A PROFITABLE WEEK! Let's go!
Short
by Gaspar_Trader
2
GBP/JPY Wait For RetraceThe previous trade I posted on this pair went very well and hit TP. This is now at a large resistance level and has been overbought so I want to see a retrace before taking another position. RSI is showing overbought on daily and weekly timeframes. There is a chance to open a short trade but I will not be taking that trade personally as I do not like trading against the trend. This could retrace to any of the Fibonacci levels before rebounding but it is worth keeping a close eye on 0.382 Fib as this aligns perfectly with previous structure. If there is a clear reaction to that price level then that may be a good price to long from. TP can be set at the previous high of 148.296 for a safer trade, as I said this is at big resistance so setting a TP above is risky. If you are willing to take that risk the net target can be 151.666
by olly48