Buying GBP/JPYBUY LIMIT - Pending Order
Buying GBP/JPY
Entry: 134.40
Target 1: 135.10(70+ pips)
Target 2: 136.10 (170+ pips)
SL: 133.00 (140- pips)
Risk Reward 1
Gbpjpysignal
Gbpjpy lol shortIDk where this analysis came from, it must be the High grade Jamaican Cannabis right now...
Potencial Venta +120 pipsNOTA: El análisis anterior de GBPJPY donde perseguiamos solo +60 pips, se dio con éxito hasta los +70 pips (actualmente). Éxitos a quienes tomaron la entrada!
Actualmente, nos encontramos en un retroceso ascendente de aproximadamente 30 pips. (No operaremos éste retroceso; Solo le mantendremos el seguimiento hasta que se cumpla.) 134.985/135.315.
Una vez terminado el retroceso, ser paciente y esperar entrada a venta en la gráfica (posiblemente se crea un pull back). Al salir de la zona de Liquidez abrimos la venta oficialmente.
Entrada: 135.108
TP1: 134.823 +30 pips
TP2: 134.261 +90 pips
TP3: 133.922 +120 pips
NOTA IMPORTANTE: Luego de obtener nuestro TP3 mantener seguimiento a la acción del precio, ya que nos encontramos cerca de un punto máximo, el cuál sumaría unos +100 pips a lo que actualmente especulamos. En total, tendríamos una venta Aproximadamente +230 pips.
GBPJPY at Major Demand Area: BIG BUY if Support HOLDSAfter dropping for almost TWO WEEKS, it would be interesting to see if GBJPY manages to Stage a comeback. Price has hit a Major DEMAND AREA on the Weekly Chart.
We need a couple of Constructive BREXIT related News and Improved RISK APPETITE this week to push GBPJPY higher.
So, in case of POSITIVE DEVELOPMENTS, as mentioned above, Swing Traders can definitely BUY at 139.50 area with SL below 138.
TPs can be set at 143.80 and 148.50.
GBPJPY Approaching MAJOR SUPPORT LEVELS: Potential BOUNCE/BUYGBPJPY is approaching two MAJOR SUPPORT LEVELS, the first being at the 141.01-141.15 area which has seen some decent INSTITUTIONAL BUYING in the past.
The Second Support being at the 139.80 area which is a STRONG SUPPORT as well.
It's expected that GBPJPY will bounce from one of these LEVELS and go towards the RESISTANCE at 143.80.
So, traders can look for BUY at 141 with very small SL at 140.70. TPs can be SET at 142.30 and 143.80.
If the above SUPPORT fails, traders can BUY at 139.80 with SL below 139.30 and target 141 and 144 as TPs respectively.
GBJPY Bounced off Support, more Rise expected!In my previous idea, I advised about buying GBPJPY at 143.80-144.10 area. As you can see, the price has moved up after hitting the area that I mentioned. If you have already bought at the support area, you can hold the trade for 145 and 147 TP.
Others can see the lower time frame and then go long.
For FREE SIGNALS, charts, and analysis, check my signature link at the bottom of the page.
GBP/JPY Pullback off 144.80/70 And Selling Opportunity Successful recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass 200-day SMA level of 144.60, short-term descending trend-line at 144.80, followed by 145.20, can act as intermediate halts during the upside towards 50-day SMA level of 145.90.
On the downside break of 143.70, 143.00 and February month low near 141.00 could gain sellers’ attention. GBPJPY Sell opportunity 144.80/145.00 level because Daily 200 ma and 100 ma Moving Average Area best sell opportunity in technically. On the downside break of 143.70, 143.00 and 142.45 could quickly appear on the chart whereas 142.00 could flash on sellers’ mind then after.
Previous Weekly High 147
Previous Weekly Low 145.13
Previous Monthly High 148.88
Previous Monthly Low 143.72
Daily Fibonacci 38.2% 144.2
Daily Fibonacci 61.8% 144.47
NEWS:-
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GBP:- The Bank of England will not raise any kind of rate this year. Until the end of the issue of the issue, Jahutu Bank on England will not make any major decisions. The Bank of England's monetary policy will not help in any kind of pound.
And the Bank of England governor will change, they are looking for new governors for long term. So the latest commentator does not seem to help here.
The next week, GBP's market capitalization data is all about the Bank of England Kendrick.
#GBP Microeconomic Mixes.
#GBP Macro Economics mixed curse bayerish.
**Focus on BOE's monetary policy meeting next Wednesday.
**No progress in cross-party negotiations likely to keep the Pound subdued.
JPY:- Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower.
JPY futures markets shrunk by around 5.5K contracts on Friday, according to advanced data from CME Group. Volume followed suit, down by nearly 5.5K contracts after three consecutive daily builds. Nikkei 225 closed all week for holiday
- (JP) According to recent survey 48% of Japanese are against sales tax hike scheduled for Oct - Japan press
Buying GBPJPY on Dips: BIG 500 PIP Target at 149-150.We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected.
GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally.
From the chart, I would like to point out 3 things:
(To receive signals, ideas and updates, don't forget to check my signature at the bottom of this idea)
1) Price is above the 100D EMA, which clearly indicates that the BIGGER TREND is BULLISH.
2) We have a very strong support zone at 143.80-144.20.
3) Price recently broke out of the TRIANGULAR FORMATION. Now, it's retesting the triangle. Even if GJ goes back into the triangle there's plenty of support.
So, in view of the above, I believe "BUY ON DIPS" is the right strategy.
Scenario 1: Traders can go long when price touches the 100D EMA at 144.80. TPs can be set at 145.70 and 146.50 respectively. To keep risk low, use small SL at 144.45
Scenario 2: If 144.80 doesn't hold, traders can go long at the support zone at 143.80-144.20. TPs can be set at 144.20, 145.50 and 147 respectively. SL should be placed below 143.50
If you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback as well.
GBPJPY Breakout System Setup - Trade the DragonTrade no.1004
Order Type: Pending Buy Stop
Buy at 145.84
SL at 145.39
TP near 146.40 or 30 pips+
Order Type: Pending Sell Stop
Sell at 145.05
SL at 145.50
TP near 144.45 or 30 pips+
GBPJPY - Tracing the DragonSince to large stop run on new years eve, we have seen this pair move higher over the first quarter of 2019. With higher time frames showing bullish activity, a buy pivot was printed on Monday when price was
in the buy zone of the previous buy pivot candle. With the MACD to confirm the direction, now is a good time to get long. I'm looking for a target of 184.240 which is if the monthly POC (point of control).
GBPJPY Sell The Breakout Opportunity (Bearish Setup)Longer term I am expecting another leg up to 155.00 but here on the daily time frame, I see an opportunity to short the pullback with a tight stop above the previous high.
SHORT Strong opportunity on GBPJPYFX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591 ...
Strong opportunity on GBPJPY FX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591
GBP JPY BEARS TAKING CRONTOL!!!GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment!
At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South !
However, a clean break of 142.139 will give us indications that we will go directly to the target!
Personally, I want to see the pair re-touch 143.604 for a better entry and of course more Points ahhaha.
All the best!
Trading Protection
GBPJPY POTENTIAL LONG TRADEGBPJPY BUY 144.20 - 143.55
SL 143.20
TP 145.80
TP2 147.15-50 ( potential short zone)
TP3 149.30
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GBPJPY Trade OpportunityWe broke and retested a big Daily resistance level as support. We haven't closed a daily candle over this level so its to early to tell but if this price action continues I would expect us to hit the Target Area.
GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPSAs you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top.
Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this week.
Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/support area before breakout.
This way you learn while you trade and know how to spot patterns and how to outline them and workout your entry and exit positions.
SPOTTING PATTERNS IN MARKET:
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HELPFUL VIDEO TO TEACH YOU HOW TO TRADE:
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DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
