GBPJPY Ready to moon? or not

REB_FX

Trader
Feb 8, 2019
65
5
14
35
45 minutes to go but looks like a nice daily rejection candle through the down trend line.
Hopefully a sign we are about to get some movement!
GBPJPY.png
 
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Leebax

Master Trader
Aug 16, 2019
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Back on gbpjpy today traders.
Since the madness of the UK elections. Its clear to see theres still a strong Bull lurking on gbpjpy .
We got the big spike when the election was announced, and the tank after that with the brexit news release. The end of the month will be a big time for this pair with the impending brexit news release.
The market doesnt like uncertainty so most no-deal brexit news seems to make gbp tank. This could be the case once again come end of january.
But for now until then it looks to me like were trading in this big range. My bias is still currently bullish , but as i say that could change with some really bad brexit news. Hindsight it could continue if we have a good deal/news on that subject. One to watchScreenshot_1.png
 

pezza55

Trader
Dec 2, 2019
16
4
9
35
Back on gbpjpy today traders.
Since the madness of the UK elections. Its clear to see theres still a strong Bull lurking on gbpjpy .
We got the big spike when the election was announced, and the tank after that with the brexit news release. The end of the month will be a big time for this pair with the impending brexit news release.
The market doesnt like uncertainty so most no-deal brexit news seems to make gbp tank. This could be the case once again come end of january.
But for now until then it looks to me like were trading in this big range. My bias is still currently bullish , but as i say that could change with some really bad brexit news. Hindsight it could continue if we have a good deal/news on that subject. One to watchView attachment 15153
Trading GBP pairs and also JPY with safe haven after the us news can only be a bull run as you predict!
 
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Leebax

Master Trader
Aug 16, 2019
62
27
49
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Looking back at [URL deleted] GBPJPY today. There hasnt been much movement since we last looked at it really. Looks like were stuck in this range between 143 and 141. Still its a nice 200 pip range so theres pips to be made on the lower timeframes, but were looking for the big stuff.

So we look a little deeper and throw the fib on and you can see perfectly in the bull run where price has its 50% rest stop before the next push up to the swing high.
The primary trend is a long way away, i think the best course of action would be to look for longs on the 0.382 fib at price of 141.228. Dont just jump in, look for exhaustion in price and [URL deleted] bullish price action. Patience is needed with this one for now Screenshot_3.png
 
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REB_FX

Trader
Feb 8, 2019
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Price Action is knarly on this pair right now, definitely need to have patience and get some clear direction