Wait for a break and close to for confirmed longsWait for price to close above 184 or 183.90 for confirmation to go long. Look for targets like
1. Target 1 => 186.56
2. Target 2 => 188.12
3. Target 3 => 190.14
Gbpyen
GBPJPY: Bullish Pin Bar SignalGBPJPY – SPOT: Buying On Retracement Lower To Within The Range Of Long-Tailed Bullish Pin Bar Signal
Price Action: Price moved higher from the Long-Tailed Bullish Pin Bar Signal that had formed earlier this week (We suggested trading on a retracement lower into the range of this signal in the August 3rd members' daily newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the current Long-Tailed Bullish Pin Bar Signal.
GBPJPY: Bullish Fakey + Pin Bar SetupGBPJPY – SPOT: Buying Within The Range Of Bullish Fakey + Pin Bar Setup
Price Action: Price moved higher from the Bullish Fakey + Pin Bar Setup that had formed late last week.
Price moved higher from within the range of the recent Bullish Multiple Inside Bar + Pin Bar (Combo Setup) that had triggered around three weeks ago (We suggested trading the pullback to this setup in the June 1st, members' daily newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the current Bullish Pin Bar Signal (Which is a part of the current Bullish Fakey Setup).
Range trading GBPJPY.The pound yen is good for a long on the pullback as long as the price does not break 155.4. We will hold this long trade until the top of the channel at around 157. From there, we will wait and see what happens. It could pull back to retest the bottom of the channel and breakdown from there or break upwards from here. It is highly dependant on whether the macros favour risk on from the day the fed starts raising interest rates.
GBPJPY - BUY OPPORTUNITY ARISING Hi traders.
Planning on longing GJ if it fails to break above the pink resistance level and also starts to fall back down, towards the green support trend line. If the blue support level holds, I will plan on placing a long trade for this pair.
If this support level does not hold, then I plan on placing a long from the next green support trend line drawn below.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
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GBPJPY Short IdeaHello traders.
GBPJPY is approaching the red resistance line drawn. I believe we could be looking to enter shorts from this region. I would aim to retest the support trend line drawn within the next day. Would suggest waiting a bit longer until the red resistance or higher is tested to then open a short. I think we may, in an unlikely scenario see a push to the purple trend line before entering a short. I would expect a slow push down. I would recommend taking profits partially once every support/resistance zone is tested.
Hope this plays out.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!
GBPJPY WEEKLY SWING TRADE! (1000 PIPS?)Hi fellow traders.
Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up.
I believe we could possibly see a long trade that could play out within the next few weeks in order to approach the outer resistance trend line drawn in black. I would aim to enter slightly lower than the current market price, around the region of 133.000 - 133.500 or lower. A perfect entry with a tight stop loss could prove to provide invaluable profits. A perfect break of the purple resistance drawn could help in providing a long bias for the weeks ahead.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
GBPJPY Quick Push UpHi fellow traders.
Considering GBPJPY has just tapped the trend line from below acting as support, I plan to swing this trade to the upside where the upper resistance trend line lies. Aim to enter slightly lower than the current price, setting a buy order around 133.350. Could possible retrace lower and then move to the upside, so be ready to buy in at a lower possible price. Keeping a stop loss on this trade around the red support trend line.
Hope this plays out well. Good luck!
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
Short opportunity after closing below resistance?The price of GBPJPY has been in a steady uptrend for a couple of days, trending very nicely as seen on the ADX indicator. Now the price has closed just at the Fibonacci R3 and is unable to break higher at the last session of the previous week. This forms a tweezer top right at the resistance, signalling a possible reversal or a slight pullback. To confirm this, the stochastic indicator has been showing overbought signals for a while now, and that the pair is likely to continue trending as shown by ADX. Price is likely to consolidate at R3 before breaking out or reversing back to R2 for a short opportunity.
Let me know what you think in the comments, thank you for your attention!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=130.05.
TP4: R2=130.7.
Set the stoploss of these orders at breakout of S2=128.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.55.
In this situation, there is an expectation to reach the target S3=127.2.
Set the stoploss of reverse orders at breakout of S1=129.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=130.05.
TP4: R2=130.7.
Set the stoploss of these orders at breakout of S2=128.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.55.
In this situation, there is an expectation to reach the target S3=127.2.
Set the stoploss of reverse orders at breakout of S1=129.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.9.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=129.65.
TP4: R2=130.05.
Set the stoploss of these orders at breakout of S2=128.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.65.
In this situation, there is an expectation to reach the target S3=127.6.
Set the stoploss of reverse orders at breakout of S1=128.9.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.9.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=129.65.
TP4: R2=130.05.
Set the stoploss of these orders at breakout of S2=128.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.65.
In this situation, there is an expectation to reach the target S3=127.6.
Set the stoploss of reverse orders at breakout of S1=128.9.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=129.55.
TP4: R2=130.05.
Set the stoploss of these orders at breakout of S2=128.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.35.
In this situation, there is an expectation to reach the target S3=127.25.
Set the stoploss of reverse orders at breakout of S1=128.65.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=129.55.
TP4: R2=130.05.
Set the stoploss of these orders at breakout of S2=128.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.35.
In this situation, there is an expectation to reach the target S3=127.25.
Set the stoploss of reverse orders at breakout of S1=128.65.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=128.9.
TP4: R2=129.25.
Set the stoploss of these orders at breakout of S2=127.45.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=127.45.
In this situation, there is an expectation to reach the target S3=126.3.
Set the stoploss of reverse orders at breakout of S1=127.8.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=128.9.
TP4: R2=129.25.
Set the stoploss of these orders at breakout of S2=127.45.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=127.45.
In this situation, there is an expectation to reach the target S3=126.3.
Set the stoploss of reverse orders at breakout of S1=127.8.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (129.06). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 131.00
TP2= @ 131.60
TP3= @ 133.00
SL= @ 128.00
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (129.06). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 131.00
TP2= @ 131.60
TP3= @ 133.00
SL= @ 128.00
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=131.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=132.85.
TP4: R2=133.3.
Set the stoploss of these orders at breakout of S2=131.5.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=131.5.
In this situation, there is an expectation to reach the target S3=130.6.
Set the stoploss of reverse orders at breakout of S1=131.6.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=134.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=135.35.
TP4: R2=135.85.
Set the stoploss of these orders at breakout of S2=134.4.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=134.4.
In this situation, there is an expectation to reach the target S3=133.35.
Set the stoploss of reverse orders at breakout of S1=134.65.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
