J-GBPJPY
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.75). 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 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= @ 135.45
TP2= @ 135.70
TP3= @ 136.35
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 (134.6). 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 51.
Take Profits:
TP1= @ 135.4
TP2= @ 135.7
TP3= @ 136.35
SL= Break below S2
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GBPJPY 4HR ProjectionOverall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.
GBPJPY , Weekly analysis,Jul 6 - 10Hi traders,
Have a great trading week,
Pound against Yen pair, 134.500 remains long time key area for GBPJPY , even though this pair seen some down side on friday last week, this pair looks to retrace the resistance area of 133.00 and it may go upside towards 136.00,
Thanks to all.
Note - Prediction based on price action analysis, fundamentals also have considerable impact on price movement..
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (133.1). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 134.00
TP2= @ 134.55
TP3= @ 135.30
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 (132.65). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 133.65
TP2= @ 134.80
TP3= @ 135.95
TP4= @ 137.40
TP5= @ 139.75
SL= Break below S2
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GBPJPY SHORT TRADE SETUPThe 4-hour right side is turning down against 6/05/2020 peak (139.78) & shows a bearish sequence. 1 hour is also down against 136.34 high & shows a bearish sequence. Near-term, while bounces fail below 136.34 high and more importantly below 139.78 high expect pair to extend lower. We prefer selling intraday bounces in 3, 7 or 11 swings against 136.34 high in the first degree.
Sell GBPJPY
@133.75-134.06
Target: 132.80
Sl: 134.44
Good luck !
Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (133.6). 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 36.
Take Profits:
TP1= @ 132.35
TP2= @ 131.70
TP3= @ 130.65
SL: Break Above R2
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GBPJPY UP UP Up Up!!About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (131.96). 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 41.
Take Profits:
TP1= @ 133.19
TP2= @ 135.44
TP3= @ 137.14
SL= Break below S2
GBPJPY SHORT TERM TRADE SETUPTechnical Analysis- The 4 hour right is turning down against 4/09/2020 peak (135.74) but shows a bearish sequence. 1 hour is turning up. However, while near-term dips remain above 131.44 high expect pair to extend lower 1 more push before cycle from 4/09/2020 peak ends & a bounce higher in 3, 7 or 11 swings could take place.
Signal- Long GBPJPY
@129.50-25
TP1 : 130.10
Tp2: 130.50
Tp3: 131.10
Sl:128.80
Good luck !
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (130.65). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 131.9
TP2= @ 132.5
TP3= @ 133.0
SL= Break below S2
GBPJPY SHORT TRADE SETUPThe 4 hour right is down against 12/13/2019 peak (148.05) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
SHORT GBPJPY
@132.40-60
TP: 131.60
SL: 133.20
GOOD LUCK !
Weekly Forecast GBPJPY (11th May to 15th May 2020)The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
Short GBPJPY
@133.133.50
Target 1- 130.50
Target2- 128.00
Sl: 134.00
Good luck !
Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (131.7). 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 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= @ 130.85
TP2= @ 130.50
TP3= @ 130.00
SL: Break Above R2