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Gbpjpytrade

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 3 Line crossOf all GBP pairs that went up simultaneously after 'May spoke about hard-brexit, GBPJPY was one of the few that did NOT touch the 10EMA on the way up. That is curious, because most GBP did. That is a good indicator that GBPJPY short is strong. All three trend lines is on their way to make a major cross. It's worth keeping an eye on this one the for the week. To be on the save side it might be worth waiting for 55MA and 200MA to cross and the price surpass 137.078.
Short
by chastic
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