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Gbpjpybuy

GBPJPY medium term positionThe 50 EMA (red) on 4h seems to be acting as a nice support which has created multiple different support trend lines coming off of many different areas on the chart. A 4h close above 141.50-60 could indicate the start to a 100-150 pip bullish move. If you look at momentum the highest high it made was November 10th 2016, ever since then it has created lower highs. Starting off the high from the 10th of November, momentum has created a solid bearish trend line which it is now trading on the high side of. As long as momentum stays above the -.07875 level we should see market price make a bullish move up to the 143.20 area.
Long
by chrisolivera_
GBPJPY Quaterly Trend Change INVESTORS ONLY Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline. Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time, momentum below market on our model implying there is more upside to come. Overhead key resistance for a bull market stands at 222820. If broken the gates for previous major highs back in 1980 at 569550 will be open. All the best, like and comment your views!
Long
by TheBanker
4
GBPJPY Long - 133.200The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback. I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA. I am expecting a retest of the D21 and previous structure found at the 133.200 level before going long, with targets up at 134.200-400, with a long-term 382 fib resting around 134.480. Stop loss will be tight at around 25 pips with a 100 pip target, giving us a 1:4 risk/reward ratio.
Long
by Mase_00_7
Where next for GBPJPY?Sell the rally, but where to sell? The big blue 504 period EMA represents the Daily 21 EMA on this hourly chart, and as you can see we had 2 nice bounces off of it. I have marked up the 618 fib of the double top so if you were a bear you could short from 132.937 as a 2618 trade with an initial target of 132.477 or roughly 45 pips. The rest is up to your trade management but this target would mean a break of the upwards trendline that has been in place sine the 22nd August and a potential reversal for longer term trend continuation. If you're bullish on this pair then you might want to see a break of the previous highs and the Daily 21 EMA, then a retest of structure before going long with a target of 134.470 or roughly 117 pips. Or you could trade them both? What do you think?
by Mase_00_7