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Gbpjpybuy

GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPSAs you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top. Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this week. Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/support area before breakout. This way you learn while you trade and know how to spot patterns and how to outline them and workout your entry and exit positions. SPOTTING PATTERNS IN MARKET: cdn-images-1.medium.com pbs.twimg.com HELPFUL VIDEO TO TEACH YOU HOW TO TRADE: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
Long
by Dani0
5
Long GBP/JPYFundamentals:- We have quite a few data announcements out this week which suggest an increase in average hourly earnings, cpi and gdp. After the sell off on the GBP today I would suggest this is just a price correction from Fridays up leg and we should see a further increase on the GBP especially against the weaker currencies such as the JPY. Technicals:- As you can see from the current 4 hour chart the up leg from 26th October has posted a 50% fib retracement. You could take this trade from the current price but with Brexit uncertainty looming it may be risky. I would like to see a new high on the current 4 hour candle to confirm reversal of the latest downturn.
Long
by FreeForexSignals4u
GBPJPY: Let's talk about the reasons and targets of growthConversations about the rate increase by the Bank of England in August put pressure on the GBPJPY pair and push its quotes up. The reason in general is obvious – actual and future growth of the interest rates differential. The Bank of Japan continues to adhere to the ultra-soft monetary policy and does not think to change the course in the foreseeable future. But the Bank of England, in turn raised the stake, and plans to continue doing so. Accordingly, ideal conditions are created for the birth of the carry trade, when the cash flows goes from a less profitable country to a more profitable one. In this case, from Japan to the UK. What in the future will lead to an increase in the pound's exchange rate relative to the yen. The main obstacle in this direction was and so far, remains Brexit. But judging by the latest statements of the Prime Minister of Great Britain, the Government finally decided on its choice and this is the "soft" Brexit. This option bears minimum damage to the economy of Britain. The actual opening of the pound with a gap up on Monday shows where the British currency will move if this vector of Brexit's solution is implemented. Yes, loud departure of Boris Johnson confused pound bulls (previously retired and left the British Minister for Brexit David Davis), but not for long. Progress in the negotiation process will inevitably push the British currency up. In this regard, buying a pair of GBPJPY we see a very promising trading idea. The pair, if not today, then tomorrow will reach 148. And although this is a very important level, we believe that it will be taken, and the pair will return to its medium-term range 148-152. Accordingly, the next target will be the upper limit of the range 152. It is also possible that the growth will continue up to 154. All these variants of the development of events are possible even without a serious breakthrough in the negotiation process. But if the EU and Britain will agree, then we can no longer speak of fluctuations within the range, but the formation of a full-fledged upward trend in the pair.
Long
by Trade24Fx
GBPJPY dropping nicely from resistance, potentially more bearishGBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 94% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
GBPJPY Setting Up Nicely For A PlungeGBPJPY is right on major resistance and is setting up nicely for a plunge from here. Sell below 149.86. Stop loss at 150.76. Take profit at 147.14. Reason for the trading strategy (technically): Price is seeing major resistance below 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop from here could push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.
Short
by theforexarmy