Get started

Gpbjpyshort

Ghost Traders FX GBP/JPY Bearish Trend Forming [SHORT]With the BOC about to make an interest rate decision change not seen since the 2008 financial crisis, it really does leave the market to guess... are we going to see another HUGE drop like we did in July last year. Bearish structure looks to be forming, but could still see a sweep above before continuing down, alternatively if price puts in a new low I believe it's much more profitable for big money to send this to 178.75 before the potential of a long-term bull trend continuing. Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained. Best of luck to everyone.
Short
by Ghost_Traders_FX
British Pound Faces Volatility Amid Economic UncertaintyThe British Pound (GBP) is experiencing heightened volatility amidst ongoing economic uncertainty. Factors such as Brexit negotiations, the resurgence of COVID-19, and inflationary pressures are contributing to fluctuations in the value of the pound. Investors are closely monitoring developments in trade negotiations between the UK and the EU, as well as the Bank of England's monetary policy decisions, for clues about the pound's future direction. With global economic conditions remaining uncertain, the British Pound is expected to continue facing volatility in the near term, posing challenges and opportunities for traders and investors alike.
by CaterinaGoldTrading
GBPJPY PentagramThe pentagram allows you to predict the appearance of reference points, as well as determine significant levels inside model. Sideways movement, a rebound from the level and a breakdown upon re-entry or change in direction of movement can happen on their horizontal projections. The blue line is the diagonal level of support/resistance. Sell from the top levels (143.53/143.87) to the targets at the bottom (141.05/141.80), buy from the targets at the bottom towards the top levels.
by Amazonka777
1