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Gbpjpysignal

GBP/JPY Analysis: Wait For Breaking Out Bullish Flag GBP/JPY rose significantly higher yesterday, trading up to 156.25 of its recent highs and nearing a bullish flag breakout on the daily chart. From the present situation, if GBP/JPY can break and stable above 156.40/156.50 will confirm the bullish flag breakout. With a daily closing above 156.50, there is a big chance that GBP/JPY can test 160.00 within a few days in the longer pictures. From the present rate, immediate support is identified at nearly a 154.70 price zone. However, when markets form a bullish and bearish flag, flat support and resistance are not necessary. Instead, ascending and descending channel support and resistance is a more important player. So, 154.30/154.50 may play as strong support in these cases. And strong resistance holds nearly 156.30/156.50 price zone. So, breaking above 156.40/156.50 bullish flag may break out, and we will buy GBP/JPY. First target nearly 157/157.20 Price zone. And finally, if the GBP/JPY can break above 15720, next target 158 price zone. On the other hand, if the BOE is dovish today GBP/JPY may initially test 154.70/154.30 price zone. So may see some upward correction from the 154.70/154/30 to 155.50/155.70 price zone.
by Gold_Trading_Expert
GbpJpy- 153.50-154.00 is my buy zoneAfter it has reached a high at 158, GbpJpy has started to drop but let's not be fooled, this is just a correction to the recent leg up. Also, the overall trend is strongly bullish so, the safer way to trade is on the buy side. From the technical point of view, between 154 and 153 there are a lot of indications of support including horizontal support and Fibo 50% That being said, i will look for buy signals in that zone with a target around 160
Long
by Mihai_Iacob
29
GBPJPY Entries + Exits PART 2 THIS WEEKThe ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
by ExclusivelyFX
5
GBPJPY Entries + Exits for FREEThe ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
by ExclusivelyFX
3
GBPJPY preaparing for Short 200pips!!!What we see on GBPJPY is quite clear and nice, price showing bearish pattern just on the top, with strong momentum to down. Sor far we waiting for price to show more bearish signals and ofc we wait for the price to be back to our strong resistance level which is drawn by orange area. Finally set our 1:5 order and go with new trend ... ⚠️Take Max 1% of your capital on this trade⚠️ Lets see how price respects our scenario Any question comment bellow @FxShzd GOOD-LUCK EVERYONE
Short
by FxShzd