GBPJPY - BUY H4 GbpJpy - H4 - I see price testing the H4 demand zone so good buy with a great risk to reward. Also potentially a long term buy on this pair so great entry
Gbpjpytrade
GBPJPYOur preference: buying position above 145.40 with targets at 146.85 & 147.15 in extension.
Alternative scenario: in break of 145,40, a continuation of the decrease will be envisageable with 145,15 & 144,75 in line of sight.
Comment: The RSI is well oriented.
GBPJPYOur preference: lighten as long as 1.4707 is stopper with 1.4491 as objective.
Alternative scenario: the overflow of 1.4707, will validate an increase over 1.4785 and 1.4832.
Comment: The RSI is below its neutral zone of 50. The MACD is positive and below its signal line.
GBPJPYOur preference: sales position below 146.70 with targets at 145.40 & 144.80 in extension.
Alternative scenario: in excess of 146.70, aim for a continuation of the rise with 147.10 and 147.55 in line of sight.
Comment: as long as 146.70 is resistance, trading range with a bearish bias.
GBPUSDOur preference: sales position below 147.60 with targets at 146.60 & 146.00 in extension.
Alternative scenario: in excess of 147.60, aim for a continuation of the rise with 148,10 & 148,50 in line of sight.
Comment: The RSI is misdirected.
GBP/JPY - 300 Pips+ Long Term Short Opportunity GBP/JPY showed first signs of important weakness. It has moved down under all the ema's on the hourly chart to make it an important movement and could very potentially be a trend continuation pattern.
If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term.
Always trade after your own analysis as well as risk/money manage properly.
Happy trading and wish you the best!
Bearish outlook GBPJPYSelling once we break the channel and the green line, best wait for a 4hr close under the green line before taking positions.
GBPJPYOur preference: sales position below 147.20 with targets at 146.45 & 146.00 in extension.
Alternative scenario: in excess of 147,20, aim for a continuation of the rise with 147,60 & 148,00 in line of sight.
Comment: The RSI is bearish and militates for a continuation of the decline.
GBP/JPY DAILY Trading ideaGBPJPY Chart Confluence factors :
1: pattern : Triangle (Continuation )
2: NEUTRAL
3 : WAIT FOR PROPER BREAKOUT FOR bullish trend
4: Timeframe: DAILY
5:Possibility : 65 %
6: Target : break point 141.61-70 long : 143.61 ,145.30, 147.61 .. SHORT : 139.61
GBPJPYOur preference: position bought above 139.45 with targets at 140.80 & 141.20 in extension.
Alternative scenario: in break of 139.45, a continuation of the decline will be envisageable with 139.00 & 138.60 in line of sight.
Comment: The RSI is well oriented.
GBPJPYOur preference: sales position below 140.80 with targets at 138.85 & 138.25 in extension.
Alternative scenario: in excess of 140.80, aim for a continuation of the rise with 141,20 & 141,80 in line of sight.
Comment: The RSI is misdirected.
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.
GBP/JPY - 200 Pips+ OpportunityGBP/JPY is in a bearish trend and it's loss can continue till 142 and lower.
Invest accordingly with your own analysis and money manage properly.
Happy trading!
GBPJPY long based on Mongerskit Trading System GBJPY is still long according to our system. we are just facing a pullback.
we might either retest the support or make higher high.
GBPJPY Price go in the Triangular zoneHi traders!I hold a point:Good charts does not more words to explain! Good luck!
GBPJPY Again Breakout SELLGBPJPY Touch Trendline And MA BREAKOUT Nextime Now Rebound up for Going Down... Lets Go GBPJPY Down...
GBPJPY:The price still in bearish!Hi,traders,I hold a point:Good charts does not more words to explain!
Good luck
