GBP/JPY Trade Ideas

Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels XAU/USD: Gold continues to move higher achieving a full retracement. US Market View US stocks are set to extend Mond...

Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels  XAG/USD: Silver is struggling to move higher and it is trading on the 23.6% retracement area. EU Market View Asian ...

Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook. Fibonacci Levels XAG/USD: Bulls effort to send price higher failed and sends silver again below 23.6% retracement area. EU Market Vi...

GBP/JPY has formed a higher low, retraced 50% of the February-March decline, closed above 134.40 on Wednesday and is trading above the March high. The pair seems to possess positive momentum. The logical upside target is at 136.90 (61.8% Fibo). Support lies at 134.40 and 133.70. As long as the pound...

If you look on the weekly chart of GBP/JPY. You will see that the pair has ran into resistance of the 200- and 100-week MAs (143.30 and 142.50). The price tried to fight these lines, but they are powerful obstacles. As a result, there are reasons to start questioning the uptrend, which has been in p...

Trade idea SELL 144.90; TP 144.10; SL 145.10 GBP/JPY is correcting down after the excessive advance that it made on the news that Boris Johnson’s Conservative Party has won the UK election. Last week the price managed to overcome the 200-week MA at 143.60 and 78.6% Fibo retracement of March-August d...

Trade idea BUY 141.60; TP 143.25; SL 141.40 It looks like GBP/JPY is finally trying to break out of the recent consolidation. The pair’s trading above 140.30 (the triangle resistance line and 61.8% Fibo retracement of the March-August decline). Moving averages on the D1 are in the positive setup. Th...

Trade ideas BUY 141.60; TP 143.80; SL 141.35 SELL 137.80; TP 135.80; SL 138.10 What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY. GBP/JPY is testing levels above the 50-week MA at 139.45. On the upside, there’s no strong...

Trade idea  SELL 133.30; TP1 132.40; TP2 131.40; SL 133.60 GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign. On the D1, the pair ran into the resistance of the 100-day MA (now at 134.50) and turned lower. On the H4, it has recently formed a lower high. The decline ...

Trade idea SELL 139.20; TP 138.60; SL 139.40 The dire situation for the British pound continues. Although many of the negative things such as the likely resignation of Prime Minister Theresa May are probably already priced in, the uncertainty about the future should keep the sterling under pressure....

Trade idea SELL 144.90; TP 144.25; SL 145.05 The upside in GBP/JPY was limited by the 50-day MA in the 145.90 area. It seems like the pair has formed a top and will now aim at the lower levels. The fact that Brexit uncertainty remains and the Bank of England left monetary policy unchanged is providi...

Trade ideas SELL 144.00; TP1 143.60; TP2 143.10; SL 144.15 BUY 145.10; TP 146.00; SL 144.90 GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area. The natural target on the upside would be to test the 2018 downtrend resis...

Trade idea SELL 141.65; TP1 140.70; TP2 140.00; SL 141.90 GBP/JPY will remain under negative pressure as long as it’s trading below the weekly pivot point at 143.30. On W1, the 50-week MA went below the 100-week line — a negative sign. On D1, the pair met the resistance of the 100-day MA and formed ...

Company does not offer investment advice and the analysis performed does not guarantee results Trading plan for 22/01/2019:In the absence of other topics, investors express fears over global recovery and shift focus away from risky assets. The stock markets are dominated by the bearish trend.Gloom....

Trade idea BUY 138.40; TP1 138.75; TP2 139.45; SL 138.25 SELL 137.95; TP 137.05; SL 138.15 Britain will release some economic data today. The forecast is positive. It’s possible to try to exploit this idea trading GBP/JPY. The pair made a big spike down last week. Yesterday the pair found support a...

The tax reform has been approved by the House of Representatives and the Senate, currently awaiting the signature of US President Donald Trump. There is no more reaction on the market, as investors expected such a turn of events. Very good data came from the Canadian economy, resulting in CAD being ...

Trading opportunities on the currency pair: 147.81 level has been broken. The next mid-term target is 161.60. On the 4-hour chart, the price is expected to break out of the downwards channel with a target of 150.50. If Brexit talks go well, we can entertain a rise in quotes to around 151.00 – 152.00...

Trading plan for 26/10/2017:The currency market drifted during the Asian session, but a fall on Wall Street is sustained by the temporary weakness of the USD. EUR is slightly higher before the ECB interest rate decision. Nothing interesting happens on the oil market, while gold uses the dollar's wea...

Trading plan for 13/10/2017:A very quiet night on the financial markets, but like yesterday the US Dollar is losing ground to the other major currencies. The EUR/USD pair is trading around 1.1850. The British Pound is still strong: GBP/USD is close to 1.33. USD/JPY again descended to 112.00. On Wall...

Trading plan for 11/09/2017:There is slight optimism on financial markets for the North Korean regime to refrain from ballistic testing during the anniversary of the foundation of the state. This translates into the outflow of capital from safe-heaven markets: increases in US debt yields, decrease i...

Trading opportunities on the currency pair: On Friday, the 11th of August, trading on the GBPJPY pair closed around the TR3 trend line. In this idea, I’ll be looking at the possibility of an upwards rebound and a breakout of the resistance zone of 147.50 – 148.50 in a triangular formation.Friday’s c...