Gbpjpybuy
GBPJPY approaching support, potential for a bounce!
GBPJPY is expected to drop to 1st support at 136.067 where it could potentially react off and up to 1st resistance at 137.124.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY approaching resistance, look out for potential reversal!GBPJPY is approaching its resistance at 371.18 where it is could reverse down to its support at 311.34.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 137.124 where it could potentially drop further to 136.067.
*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 resistance, look out for potential reversal!GBPJPY approaching its resistance at 137.124 where it is could reverse down to its support at 136.067.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY reversed from resistance, potential drop!GBPJPY reversed off its resistance at 136.537 where it could potentially drop further to its 135.826.
*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 - FOREX - 17. JUNE. 2019DACAPITALTRADING V2.0:
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1 HOUR
Very bearish pressure and price action.
4 HOUR
Bearish waving market broke below previous week lows.
DAILY
Price should be pushing up shortly before heading further down, we need a sellers takeout!
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FOREX SETUP
BUY GBPJPY
ENTRY @ 136.300
SL @ 135.650 (65 Pips)
TP @ 137.420 (110 Pips)
RR: 1.70
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
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GBP JPY Break of Structure (Bat Pattern)Expecting a break of structure past the 137.900 (previous HH) level to the completion of the bat pattern at 138.600 which is within the 88.60% and 1.618% point of the D zone.
From there I will be expecting a minor retracement (50.00% or 61.80%) to TP1 which is point B of the pattern, from there I will be looking for signs of a trend continuation to enter long once again,
Regards