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Gbpjpybuy

GBP/JPY Buy idea, bullish candle at the supportOverview - GBP/JPY was in a correction and consolidation phase for the last couple of weeks. However, on Friday, a big bullish candlestick was printed on the daily chart. Can this be the start of a new uptrend? Let's analyze Analysis - From the chart, you can see that price is still above the 100 day moving average, which indicates the uptrend has not been broken. The recent down wave is merely a correction. After many days of consolidation at the support, a big bullish candlestick has formed on the daily chart. Thus, the likelihood of a new uptrend brewing is reasonably high now. Probable trade set-up - Based on this, if the positive momentum is intact, a buy @149.90-150.20 with SL below 149 and TP at 153 may be considered as a potential buy signal. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Long
by MarcellusLUX
10
GBPJPY is topping soon!Hi there, A Bearish Rising Wedge is forming at daily timeframe on GBPJPY, reversal is comming soon, Im waiting for the target arround 154-155 to go in for sells Jpy will get weak again incomming weeks, as it is slowly changing the bearish trend After we top in I expect GBPJPY to go for another low on the Monthly timeframe, as USD is showing signs of trend change, JPY follows as it is also a safe haven. Wait for the targets mentioned to go short Good luck
Short
by fernandoc17
7