Get started

Gbpjpy_outlook

GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Short
by FxProNow
1
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNowGBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now... We see that the M30 TF has broken a level of support. I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form OR it break the support that it is currently at right now... Again retest the broken area and strike! 145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
Long
by FxProNow
Fancy a trip to the MOON?Here we have a trend line breakout and price closed above strong resistance thanks to the strength of the GBP last week, now all technical point to more bullish movement so we are still long on this pairing as we explained in our last GBP JPY post on FEB 28th if you want to take a look at that. A break of 2 strong levels could see price visit the moon again... so get your space suits on ;p If you are in this trade then please use correct risk management as brexit can be a Fu@k#r so do your research and look at the economic calendar for any high impact news!
Long
by ApexFX_Pro
4
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #ForexGBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart. I think here it is... Right now we are at a possible level of resistance at this Daily Key Level $147.5. I will be looking for my TP @ 145.5 - Potential Point B - H4 TF Which is in Confluence with my H4 Key Level - $145.5 After that I will be looking for my TP @ Pending Point D for the H4 TF- TP - 149.9
Short
by FxProNow
1
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #ForexGBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart. I think here it is... Right now we are at a possible level of resistance at this Daily Key Level $147.5. I will be looking for my TP @ 145.5 - Potential Point B - H4 TF Which is in Confluence with my H4 Key Level - $145.5 After that I will be looking for my TP @ Pending Point D for the H4 TF- TP - 149.9
Short
by FxProNow
GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend. I see an interesting thing that has formed... Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146. When Placed I have seen many things... Future Point C would be at 144.1 a Parked H4 Key Level also the last place price has found a level of Support. - For me likely to be where price will draw down then start the true continuation to form a new HH. Also, with placing my fibs here we see Pending Point D - TP #1 - 147.3 - In Confluence w/ our Daily's TF Fibs (-27%) & Pending Point E (-61.8%) - TP #2 - 149 - In Confluence w/ a H4 Key Level
Long
by FxProNow
GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #ForexGBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend. I see an interesting thing that has formed... Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146. When Placed I have seen many things... Future Point C would be at 144.1 a Parked H4 Key Level also the last place price has found a level of Support. - For me likely to be where price will draw down then start the true continuation to form a new HH. Also, with placing my fibs here we see Pending Point D - TP #1 - 147.3 - In Confluence w/ our Daily's TF Fibs (-27%) & Pending Point E (-61.8%) - TP #2 - 149 - In Confluence w/ a H4 Key Level
Long
by FxProNow
GBPJPY - 250 PIPS+ SHORT OPPORTUNITYDo not open any trades yet, wait for second high test. No trades have been opened yet, waiting for the confirmation. GBPJPY has broken under the 4H 50 EMA and is failing to recover back on top of it. After a drop in prices, it recovered and did a high test (Prices pushing up in a short trend but failing to break the resistance (4H 50 EMA). We can expect a drop and break of the 200 EMA to happen eventually. Wait for another high test (Green candle with tick only on top of body) to confirm this pair is going to drop. Once the pair makes another successful high test, we can short it and put our SL above the 4H 50 EMA. Trade safe.
Short
by MoolahMaker