Gbpjpy_outlook
GBPJPY approaching resistance, look out for potential reversal!
GBPJPY is approaching its resistance at 142.875 where it is could reverse down to its support at 139.374.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY bounced from support, potential for a further rise!
GBPJPY bounced off 142.851 where it could potentially rise further to 147.753.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPJPY bounced from support, potential for a further rise!
GBPJPY bounced off 143.499 where it could potentially rise further to 147.885.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPJPY approaching support, potential for a bounce!
GBPJPY is expected to drop to 1st support at 144.008 where it could potentially react off and up to 1st resistance at 139.609.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY bounced from support, potential for a further rise!
GBPJPY bounced off 140.9144 where it could potentially rise further to 141.7024.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
Same thing as GBPUSD I feel GJ is luring is less experienced traders into taking shorts where we will then pop the the upside whipping them out then rolling over to the downside.
Always keep in mind price always have multiple rejections. At least 2. Theres no missed trade just be patent and wait for another opportunity for an entry. Rarely does price just take off I one directions. At the moment staying away from GJ.