Gbpjpybuy
GBPJPY Long!GBPJPY has rebounded off multi-year lows at 1.27 this year and currently we're in a consoldation area. I don't think much has changed in terms of the Pounds fundamentals but one thing that may have given us strength and may continue to give us strength, is the possibility that Britain does not leave the EU after all. There's a couple of scenarios I see happening soon.
1) EU is structurally weaker after the coronavirus, countries not able to recover/flourish because monetary policy is in the hands of the ECB and monetary policy is not easy to implement. Therefore more members favour Britain to return and negotiate a better deal for themselves.
2) Boris Johnson has a vote of no-confidence after dropping the ball on coronavirus. Regardless if it's true or not, the politics will take full advantage. This opens the door for someone at the head of Britain open to returning to the EU.
3. Britain get a much better withdrawal deal as both economies suffer a recession and are forced to put the economy first.
GBP/JPY BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market-Buy: 133,200
Stop-Loss: 132,610
Target 1: 133,915
Target 2: 134,190
Target 3: 134,640
Stop-Loss: 59 pips
Risk: 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GBPJPY - SWING - 27. APR. 2020Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Price consolidation after a bearish run.
4 HOUR
Slowing down at range low, expecting a small pullback!
DAILY
Price action turning, market about to push up.
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FOREX SWING
BUY GBPJPY
ENTRY LEVEL @ 133.020
SL @ 132.050
TP @ 134.410
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPJPY buy with 50 pips slEnter in GBPJPY buy as expected fundamentally to go bullish and on testing the resistance it may come down, the second possibility which we are looking at although probability is low, if it crosses the below plotted zone then we are looking at a definite sell
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GBPJPY - SWING - 20. APR. 2020Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Market waving slowly and with bullish direction.
4 HOUR
Overall very bullish market in a small pullback, good long entries now!
DAILY
Market at its resistance and pa slowed down, expecting another push to the upside!
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FOREX SWING
BUY GBPJPY
ENTRY LEVEL @ 134.150
SL @ 133.740
TP @ 135.280
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN