Looking for Long Position based on bullish trend of GBPJPY.
Breakout from flag pattern in an uptrend, excellent pattern to trade. There is also not much resistance nearby and good floor to use as support.
In this trade you are getting one more chance to enter You take entry only after checking it. This is a multi confirmation based entry, I requested to trade only after taking care of multi confirmation and your risk management.
Another yen pair where we are seeing a breakout and the closest resistance is a long way away. Also note the hike by ECB yesterday of 0.5% point will lend support to pound.
the counter has run up a lot recently and a consolidation rectangle on the hourly charts has been formed from which the pair has broken down. We are looking at the support of around 179.5 as the target.
Triple bottom on 15 mins time frame? Going long on GBP JPY - low risk entry.
Hello Traders, Hope you all are doing good!! I expect GJ to go Down after finishing this wave. Look for your SELL setups. My charts explains the reason if you are aware of the wave analysis. If not, then contact me and I can patch you up with the right people. Please follow me and like if you agree or this idea helps you out in your trading...
Gbp Jpy is making a pullback to support and demand orderblock,marked in the purple box. A hold of this area can send GBPJPY to supply zone marked on charts. This setup has a good R/R and multiple confluences that it will play out. Please note: Do not risk more then 2% of capital on this trade.
GBPJPY long setup, if demand area holds. Look for bullish candle confirmation before jumping in long.
Price can go down its opportunity to short term for sell because occur HEAD AND SHOULDERS chart pattern in GBPJPY
Overall GBPJPY is in Upward trend, Looking for short term buying opportunities for GBPJPY pair.
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced off the support zone of 151.000. GBP/JPY’s next support zone is at 151.000 and the next resistance zone is at 153.800. Look for short-term buying opportunities of GBP/JPY.
Well, today as I can see GBPJPY getting downward! side around 80 pips down from current price will check at evening! the results we learn we earn
GJ tried and failed at breaking a key weekly support area and has now rejected heavily off of the Weekly Support Zone and has gone bullish with a strong momentum moving almost approx. 200 pips in a day on Thursday. Today is a weekend and I would be cautious trading the pair. Though past data shows that momentum did continue the next day with reference to the July...
Buy with SL of recent low for target of new high & then short from the top to the previous fourth & the second wave of ending diagonal as a target.