Gbpjpysignal
Sell GBPJPY Longterm Based on Rising Wedge + H&S PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Sell GBPJPY Longterm Based on H&S Chart Pattern on H4 TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Buy GBPJPY Based on Bullish Harmonic Gartley Pattern 15min TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPJPY VIEW We have two view on gbpjpy
First Gbpjpy make head and shoulder pattern , if hold right shoulder then sell from below and tp is 148
2nd view is if break right shoulder and upper trendline ,
then this pair going long first tp is 152.70 and tp 2 153.50 and tp 3 is 155
Good luck and trade with care
Asad ullah
Buy GBPJPY Short Term Based on Bullish Continuation - H4 + DailyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Long GBPJPY Long Term Based on Bullish Gartley PatternWe've got a triple top on another idea, which we're waiting now for the break of a neckline for confirmation and the continuing drop will be in line with this Gartley pattern to complete Leg D. However, between the Targets 1 + Targets 2 of our Gartley pattern there is our 0.786 fib level, which we will be watching as the retracement for our Triple Top short trade entry - so keep an eye out at these levels.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPJPYOur preference: buying position above 145.25 with targets at 146.10 and 146.55 in extension.
Alternative scenario: in break of 145,25, a continuation of the decrease will be envisageable with 144,80 & 144,45 in line of sight.
Comment: The RSI is bullish and militates for a continuation of the progression
GBPJPY July 17 - Technical Analysis - BearishGBPJPY almost reach resistance level at 147.84,
if this pair failed to break up, and break down up trendline, best opening position after this trendline break with target around 145.12 and stoploss above resistance.
with this setup we aim for 196 pips with 2.82 R/r ratio
Short GBPJPY Longterm Based on Daily + Weekly Charts. 500+ PipsWe went long on GBPJPY from 140 to 147 and now we have the opportunity to short this pair back down to the trend line. We can see the price has re-tested the 147 resistance line again, making it the third test in 8 months, which meets the requirements of a possible triple top. In order for this to become a valid triple top, we need to wait for price to break below the support level.
I will be monitoring this pair on multiple time frames.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Longterm GBPY Long + Short Setup on 4H + 1D Charts 300-900 pips!Hope you all had a great weekend. Looks like our active trades are making great progress to start the week, so let's try to keep the momentum going!
The GBPJPY pair has been up trending on the Weekly chart since 3rd October 2016 and we can see price has touched down on the lower uptrend level a few times since then and has respected this trend line. Most recently we have come back down to this trend line and almost touched it today and so, we are expecting price to respect the trend line and bounce back up to continue it's trend pattern. On the weekly chart we can also see price hit a major resistance level on 12th of December 2016 and the 8th of May 2017 and was unable to break through, therefore our target TP will be just below this level with a return of 700 pips.
As we zoom into the daily + 4H charts, there is still some momentum to move down a little further. On the last two bounces, price was at 5% and 3% oversold on the daily chart and we only dropped to these levels when price touched the trend line and bounced up - Currently, price is 27% oversold so this would go in hand with our opinion that there is room to move down further before the bounce.
I have marked out some key support/resistance levels I want to keep an eye on as we monitor this trade setup. The conservative approach would be to wait for the bounce and enter above 141.3x for confirmation, however, I may just wait for the bounce and try to get in as low as possible and then keep a close eye on it.
On the flip side, with everything that is happening fundamentally... it is highly likely that the GBP will continue to fall and we may just see this pair break the trend line. I have marked out my potential targets for TP if we enter a sell instead of a long.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPJPYOur preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension.
Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight.
Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.