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Gbpjpytrade

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
4
GBPJPY Long - 133.200The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback. I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA. I am expecting a retest of the D21 and previous structure found at the 133.200 level before going long, with targets up at 134.200-400, with a long-term 382 fib resting around 134.480. Stop loss will be tight at around 25 pips with a 100 pip target, giving us a 1:4 risk/reward ratio.
Long
by Mase_00_7