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Gjlong

GJ made a early move today, but as predictedAs you can see, GJ made an early move up this morning. After breaking through and retesting last week's market level of 166.945, also the blue line which is the channel that price was trading in the 4hr chart. Price gave a perfect retest on the 30min chart and the 4hr chart, the 4 hours being a stronger time frame which means stronger confirmation of retest. Price went up almost 100 pips from the retest, we are currently pulling back to retest support/EMA again on smaller time frames, which will give us the buy signal for the London session until the next zone 168.586 and beyond. Wait for the retest, the next 15min or 30 min bullish candle that forms, in the next 1hour will be your entry for a buy. Boost and follow for some support. All the best for trading today. P.S. GJ is Bae
Long
by faddy
2
GBPUSD LONGGBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August) which is a good signal to find an entry to the upside. The daily time frame also just trend bullish, this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a trade which currently stands at a risk reward of about 1 to 8. Targets are set using the Fibonacci tool. The monthly timeframe trend is in line with the weekly timeframe, which is in line with the daily timeframe creating a high probability trade.
Long
by NDOBObanks
2
GBPJPY BUY Potential return of between 7.8 % to 15.6 % GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August) which is a good signal to find an entry to the upside. The daily time frame also just trend bullish , this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a trade which currently stands at a risk reward of about 1 to 8. Potential return of between 7.8 to 15.6 % if you risk between 1 to 2 % of your account on each trade. Targets are set using the Fibonacci tool. The monthly timeframe trend is in line with the weekly timeframe , which is in line with the daily timeframe creating a high probability trade.
Long
by NDOBObanks
GBP/JPY - Long - Technical Analysis This is my technical breakdown on GJ. GJ is in a bearish condition on the higher time frames, however, we've just had a strong breakout of a descending wedge (bullish pattern), caused by the UK electing their new Prime Minister. Now we've had this break out, I'd be looking to go long on GJ on the retest which could happen at either 163.500 or 162.500, where price previously respected these levels as resistance. 162.500 offers the most confluences, but with this bullish strength, we could see GJ respect 163.500 - I'd be looking on the H1 timeframe for a rejection / indication that GJ wants to go long. The UK electing a new PM, could be the catalyst to drive GJ higher breaking this years highs, however, I'd be looking to target 166. and 168. If we get a break of 168, we could see price hit 170 or even 175. a very bold psychological level
Long
by TomBray1
GBPJPY -Expecting long from Daily Trendline SupportGBPJPY- Expecting Long from Support- Daily ascending Trendline. Price is above 200 SMA . But on HTF we are also seeing Lower highs and developing of ascending triangle . Expecting price bounce from the Support. On fundamental front. BOE is on roads to Raise 25 BPS interest rates in Aug. Though 50BPS under discussion ( Remote). This can act as catalyst to GBP pairs especially JPY due to dovish monetary policy of BOJ and interest rates differentials between the central banks. Comment on the idea and odds, Cheers!
Long
by decentshaw