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Gbpjpytrade

GBPJPY medium term positionThe 50 EMA (red) on 4h seems to be acting as a nice support which has created multiple different support trend lines coming off of many different areas on the chart. A 4h close above 141.50-60 could indicate the start to a 100-150 pip bullish move. If you look at momentum the highest high it made was November 10th 2016, ever since then it has created lower highs. Starting off the high from the 10th of November, momentum has created a solid bearish trend line which it is now trading on the high side of. As long as momentum stays above the -.07875 level we should see market price make a bullish move up to the 143.20 area.
Long
by chrisolivera_
GBPJPY 3 Line crossOf all GBP pairs that went up simultaneously after 'May spoke about hard-brexit, GBPJPY was one of the few that did NOT touch the 10EMA on the way up. That is curious, because most GBP did. That is a good indicator that GBPJPY short is strong. All three trend lines is on their way to make a major cross. It's worth keeping an eye on this one the for the week. To be on the save side it might be worth waiting for 55MA and 200MA to cross and the price surpass 137.078.
Short
by chastic
GBPJPY Quaterly Trend Change INVESTORS ONLY Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline. Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time, momentum below market on our model implying there is more upside to come. Overhead key resistance for a bull market stands at 222820. If broken the gates for previous major highs back in 1980 at 569550 will be open. All the best, like and comment your views!
Long
by TheBanker
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