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Gbpjpytrade

GBPJPY: Trying a BUY after a Selloff?Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen. Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in GBPJPY. However, is there a chance of a relief rally in GBPJPY? We can see that the price is now in the 142.80-143.10 area. In the past, this area has acted as a REVERSAL point for GBPJPY. So, it's important to analyze how price behaves in this area. Upon BULLISH PRICE ACTION, traders can look for BUYS at 142.80-143.10 with SL below 142.60. TPs can be set at 144, 145.20 and 147 respectively.
Long
by TraderAvDM
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
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #ForexGBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart. I think here it is... Right now we are at a possible level of resistance at this Daily Key Level $147.5. I will be looking for my TP @ 145.5 - Potential Point B - H4 TF Which is in Confluence with my H4 Key Level - $145.5 After that I will be looking for my TP @ Pending Point D for the H4 TF- TP - 149.9
Short
by FxProNow
1
GBP JPY in the zone143.581 - 143.379 is a lovely zone, you can see where price entered it and bounced bearishly ( to the downside, orange arrows ) and bounced bullish ( to the upside, purple arrows ) You can see the importance of this area, its like a sh#t city, nobody wants to stay or live there but you have to pass through it to get to where you want to go.... The candles are the same, they don't want to stay in this area because as soon as they enter this area they exit again. We will be placing some SELL orders around this area as price will respect this zone or area again sometime in the near future.... You always have to stay 1 step ahead of the market.
by Apex_Gregg
8
GBP JPY BEARS TAKING CRONTOL!!!GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment! At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South ! However, a clean break of 142.139 will give us indications that we will go directly to the target! Personally, I want to see the pair re-touch 143.604 for a better entry and of course more Points ahhaha. All the best! Trading Protection
Short
by TradingProtection
GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPSAs you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top. Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this week. Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/support area before breakout. This way you learn while you trade and know how to spot patterns and how to outline them and workout your entry and exit positions. SPOTTING PATTERNS IN MARKET: cdn-images-1.medium.com pbs.twimg.com HELPFUL VIDEO TO TEACH YOU HOW TO TRADE: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
Long
by Dani0
5
GBPJPY (1D): Strong Selling AreaGBPJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Strong Selling area (since June 18, price has been sold down from this area) - Fundamentally, yet to see actual progress in Brexit negotiations; so far all we are hearing are reports are saying this and that. Add on, a risk off play may be likely if the Democrats take over the House of Representatives. Suggested Trade: Entry @ Area of Interest: 148.20 - 149.20 SL: 149.76 TP: 146.18 RR: Approx. 2.09 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
4