Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (139.65). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 23.
Take Profits:
TP1= @ 137.85
TP2= @ 136.60
TP3= @ 135.10
TP4= @ 133.95
TP5= @ 131.95
SL: Break Above R2
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J-GBPJPY
GBPJPY, Weekly analysis Sep 7-11Pound against Japanese yen, has completed the week rejection candle (Shooting star) in weekly chart, it indicates the price stopped go above the last week open, price may attracts towards 138.500 area ..
note - price action analysis done only for education purpose, predictions are subjected to change..
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (140.4). 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 67.
Take Profits:
TP1= @ 141.00
TP2= @ 141.25
TP3= @ 141.70
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 (139.15). 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 57.
Take Profits:
TP1= @ 140.00
TP2= @ 140.74
TP3= @ 141.68
TP4= @ 142.95
TP5= @ 144.95
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 (138.1). 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= @ 138.85
TP2= @ 139.20
TP3= @ 139.70
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 (138.3). 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 65.
Take Profits:
TP1= @ 139.15
TP2= @ 139.72
TP3= @ 140.90
TP4= @ 142.05
TP5= @ 143.35
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 (136.7). 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 70.
Take Profits:
TP1= @ 137.30
TP2= @ 137.75
TP3= @ 138.50
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 (135.9). 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 65.
Take Profits:
TP1= @ 136.55
TP2= @ 137.00
TP3= @ 137.50
SL= Break below S2
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GBPJPY LONG TRADE SETUPThe daily right side is down against 147.75. The 4-hour is turning up against 131.71. The 1 hour is turning down against 136.62. While above 131.71 it can see a swing higher toward 142.00 before it corrects the cycle up from the March 2020 lows.
BUY GBPJPY
@135.05-134.85
TP: 136.00
SL: 134.50
Good luck !
GBPJPY 4HR LONG PROJECIONHello Trades, Welcome back to another GJ analysis.Overall bullish trend, so positively our buy entry shall give us a good result.Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
GBPJPY Update: Profit=1445 pip SL=400 pip Reward/Risk > 3.6:1 Trade Setup summary:
Profit targets=1445 pip (70+ 145+ 290+ 415+ 535)
Stop Loss =400 pip
Reward/Risk > 3.6 : 1
Current Status:
Total Profit: 650 pip
Closed trade(s): 215 pip Profit
Open trade(s): 435 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 134.35 based on 'previous Forecast' at 2020.07.17 :
Open Profit:
Profit for one trade is 135.8 (current price) - 134.35 (open price) = 145pip
3 trade(s) still open, therefore total profit for open trade(s) is 145 x = 435 pip
Technical analysis:
.GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 64.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.35) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 120.65
TP2= @ 121.10
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
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 (135.1). 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 78.
Take Profits:
TP1= @ 135.90
TP2= @ 136.30
TP3= @ 136.85
SL= Break below S2
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GBPJPY, Weekly analysis, July 20-24Dear traders,
Have a great trading week ahead,
Pound against Japanese yen, have been trading sideways in day chart and in 4 hr chart its trading in falling wedge pattern, previous resistance zone between 133.750 to 134.150 area now act as a support zone , this week price expects to favour bullish moves upto 136 from technical perspective..when fundamentals supports the price action
Note- Predictions based on price action ..and for educational purposes..
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.35). 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 55.
Take Profits:
TP1= @ 135.05
TP2= @ 135.80
TP3= @ 137.25
TP4= @ 138.50
TP5= @ 139.70
SL= Break below S2
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GBPJPY Weekly analysis Jul 13 - 17 , 2020Hi traders,
Have a great week ahead,
Pound against Yen, is trending upwards towards the resistance of 134.400 and the support of 134.870 in the starting of the week, and expecting the trend will be bearish till the major resistance of 133.600..
Note- Weekly price action analysis based on technical..movements subjected to change also