Gbpjpybuy
GBPJPY Setup: Buy Or Sell Are Both Equally PossibleHi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support.
I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP so please be careful as it will give an impact to GBPJPY.
TAYOR and all the best traders!
KHALID HAMID
GBPJPY - FOREX - 29. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish break below previous week support.
4 HOUR
Market at its support zone and psychological turn area.
DAILY
Price action slowing down, looking for a turn now.
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FOREX SETUP
BUY GBPJPY
ENTRY @ 134.080
SL @ 133.560 (50 Pips)
TP @ 134.960 (85 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN