British Pound / Japanese Yen

FXCM

GBPJPY

ForecastCity_Turkce_TR

Trading 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. ....

Forextuitions

Technical 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 :...

mahipal447855

GBPJPY

SS5554

follow risk management

fgj04

Price reaching supply zone on this pair, huge R:R if trade plays out as expected.

Gurevvv1

Took a GJ buy with extremely small lot size since the tp is huge and so is the SL. Will hold till either one triggers! :)

trevenlearning

Gj short, re testing what would be a previous resistance has now become support to see a bounce. let me know what you think

BUSINESS_WARRIOR

GBPJPY

Gurevvv1

GJ looks very good for a short. I entered at 132.270 after the retest. SL and TP marked. 70$ profit till now with 0.3 lot size. Let's see how it goes, absolutely love the RR.

theinfamoustrader

4H FALLING WEDGE AND 1HR TREND BROKE......BULLISH TILL PSYCHOLOGICAL LEVEL 133.000....ENTER AROUND 130.500 WITH STOPS BELOW THE SWING LOW.......ENJOY!!

ForecastCity_Turkce_TR

Trading 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....

Forextuitions

The 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 !

Forextuitions

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 !

ForecastCity_Turkce_TR

Trading 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...

ForecastCity_Turkce_TR

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (132.05). 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...

ochoremo

The market shows the overall movement of the GBPJPY in a downtrend Monthly: At the start of April the monthly candle maintained the uptrend into the supply zone then made a steep drop outside of the supply zone as more sellers entered the market. So far this month we can see the downtrend pattern continuing. Weekly: Since COVID19 broke in Feb 2020, GBP/JPY...