Looking for LongGBPJPY is looking for buying opportunity after forming larger flag & expecting a movement to the upside. Target to expect at 195.000
Gbp-jpy
THE BRITISH POUND THE JAPANESE YENMaybe we can see a REJECTION/PULLBACK from previous HIGH on #GBPJPY 1H
Wait for market to MITIGATE them entry for LONG.
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (150.58).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 19.
Take Profits:
TP1= @ 150.18
TP2= @ 149.55
TP3= @ 149.19
TP4= @ 148.61
TP5= @ 147.89
SL: Break Above R2
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GBPJPY going to break its upward trend channelGBPJPY has been on an upward trend channel for quite long time. It has approached a major resistance level now and has completely formed a head and shoulders at the resistance. It may fall a little, but the trend is still bullish. Let's see if the bullish run will end or not.
GBPJPY Head and Shoulder Pattern BreakoutGBPJPY Head and Shoulder Pattern Breakout
The Timeframe is 4h that will give a head and shoulder pattern breakout.
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89
SL: Break Above R2
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GBPJPY : Looking for great buying opportunity!GBPJPY is looking for great buying opportunity to make a to the upside & has the decency RR to make some decent profit. Always stick with risk management & then make entry.
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.09.
Take Profits:
TP1= @ 149.70
TP2= @ 149.40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (150.35).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 44.14.
Take Profits:
TP1= @ 149.35
TP2= @ 149.00
TP3= @ 148.15
TP4= @ 147.45
TP5= @ 146.50
SL= Break below S2
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💡 Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (149.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 148.20
TP2= @ 147.25
TP3= @ 146.35
TP4= @ 145.05
TP5= @ 143.70
TP6= @ 142.05
SL: Break Above R2
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It's a great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (148.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 148.70
TP2= @ 149.00
TP3= @ 149.50
SL= Break below S2
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💡 Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 148.10
TP2= @ 148.35
TP3= @ 149.00
SL= Break below S2
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💡 Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (141.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 140.85
TP2= @ 140.35
TP3= @ 139.50
SL: Break Above R2
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💡 Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (141.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 140.68
TP2= @ 140.05
TP3= @ 139.55
TP4= @ 138.70
TP5= @ 137.64
TP6= @ 136.82
SL: Break Above R2
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💡 Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (141.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 142.25
TP2= @ 142.50
TP3= @ 142.50
SL= Break below S2
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💡 Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (141.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 142.00
TP2= @ 142.25
TP3= @ 142.80
SL= Break below S2
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💡 Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (139.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 140.00
TP2= @ 140.30
TP3= @ 140.70
SL= Break below S2
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💡 Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (138.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 137.9
TP2= @ 137.6
TP3= @ 137.15
SL: Break Above R2
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GBPJPY dips, halts at 0.50% retracement, followed by bidsSuggestion: BUY GBPJPY AT CMP 135.65 SL BELOW 134.90 TGT 136.80
ELSE
SELL BELOW 135 TGT 134 SL ABV 135.65
GBP/JPY: Approaching confluence level, what to do ? Hi guys,
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot + VWAP.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 60+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Trade at your own risk
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 136.00
TP2= @ 136.40
TP3= @ 136.80
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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ForecastCity English Support Team ❤️
