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Gbpjpybuy

GBPJPY going long..I feel that GBPJPY will be reaching for the stars this week for several reasons. The price is oversold on the RSI Stochastic indicator as well as a crossover of the EMA to the upside. It looks like a bull flag could be forming. Price has continued its recent uptrend since October 2016. It seems to be respecting a trendline and may be starting another take off following a pullback in February 2018. The Great Brithish Pound is looking good for the week for a positive bullish sentiment. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.
Long
by pipared1
GBPJPY : IS THE RISK WORTH IT?Hi traders! GBPJPY is standing in a funny place. After a huge bull run was over, it was met by a healthy retracement. I'm getting plenty of different signal from this chart. I have 2 set of FIB extensions set in this chart because the up move was too strong and have super big gaps between the extensions. I have one for the weekly & one for the daily. Also, I added a order block which has been bought and put the price over top of it. The price close over the daily 0.5 and it just under the 0.5 weekly. The RSI is saying the me that they are still more buyers than sellers for this pair. MACD is about the cross... but right on the edge of it. So I'm looking what the GBP is doing vs other pairs and it looks positive. The same can be said of JPY who has shown weakness the last few days. If the price finds the momentum to go up, it will be a very nice push! For all those reasons, here's what I'm seeing : GBPJPY LONG ENTRY : 149.90 SL : 149.117 TP : 154.306 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
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