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Gbpjpy_outlook

May the force be with you ;pFormed we have a good trend line ( TL ) now price is been pushed into our red zone which is previous support, we are expecting 1 more test of this area and then price to break through this TL. We have had weeks of bearish movement from this pairing, but now with May resigning we personally are expecting GBP to strengthen slightly which will cause this strong TL break. Now with May gone lets hope the UK can wake up and sort Brexit out and strengthen GBP again.
by ApexFX_Pro
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.
Long
by TraderAvDM
1
Boozed up BritsOur purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't you ;p Anyway enough of the gym talk... we are looking to see what price does at market open before we take a position on this pairing but we are looking for a possible touch and bounce off this level before a bullish run, we do have to be cautious though as the last couple of weeks price has been on a downward spiral bear run possibly caused by the s#it UK government who couldn't organise a good old p#ss up in a brewery or a fight at the boxing, And that is saying something as us Brits love a good drink and a scrap ;p So keep your eyes open for a test of this level or possibly we might action a buy trade for our clients tonight depending on where markets open.
Long
by ApexFX_Pro
Steroid factory robbed!!!Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't you ;p Anyway enough of the gym talk... we are looking to see what price does at market open before we take a position on this pairing but we are looking for a possible touch and bounce off this level before a bullish run, we do have to be cautious though as the last couple of weeks price has been on a downward spiral bear run possibly caused by the s#it UK government who couldn't organise a good old p#ss up in a brewery or a fight at the boxing, And that is saying something as us Brits love a good drink and a scrap ;p So keep your eyes open for a test of this level or possibly we might action a buy trade for our clients tonight depending on where markets open.
Long
by ApexFX_Pro
Inbox me your mobile number ;pIf you got on my last trade idea for GJ then well done, inbox me your number so we can arrange for you to take me out for that drink ;p We can see price rallied through our support zone as we mentioned in our previous post, we can now see price having a pullback and making a bullish run up to this same zone again but this time using it as resistance and bouncing off to make more bearish movement. Depending on where price opens at market open we will be jumping on this trade, last weekend the markets were crazy and opened with some mad market gaps ( thanks to Donald Trump ) This behaviour would have wiped loads of peoples accounts because if you hold a trade over the weekend and the market jumps then your SL becomes invalid... but you knew that already rite ;p So go long, but use correct risk management.
Long
by ApexFX_Pro
GBPJPY: Trying a BUY after a Selloff?Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen. Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in GBPJPY. However, is there a chance of a relief rally in GBPJPY? We can see that the price is now in the 142.80-143.10 area. In the past, this area has acted as a REVERSAL point for GBPJPY. So, it's important to analyze how price behaves in this area. Upon BULLISH PRICE ACTION, traders can look for BUYS at 142.80-143.10 with SL below 142.60. TPs can be set at 144, 145.20 and 147 respectively.
Long
by TraderAvDM
Up or down?As we can see GBP JPY is in a really strong area of support that has been used many times before but with all the recent bearish pressure going into this level could we finally see it break? Price was last below this level in Feb of this year and ever since breaking through this level price has been up and down touching multiple times, now with some medium impact news regarding GBP in 2 hours and UK100 index at a good support level could we finally see this push through and break this key level on GBP? Watch the chart and find out ;p Myself personally am favouring the break, but this is not a signal only analysis so don't take this trade if it doesn't line up with your own analysis.
by ApexFX_Pro
2
The world is CORRUPT.. OPEN YOUR EYESWe are looking for price to reach our resistance zone ( red box ) before making a bearish run down to our support zone ( green box ) The technical all look good and are pointing to bearish movement, we have some high impact GBP news on Monday morning and then again on Thursday so this trade could easily be achieved this week. See how nice simple charts can make you see things more clearly? Trading doesn't have to be hard when you strip it all back. The school system is a failure and programmes kids into thinking everything has to be complex if you want to be successful, this is to try and keep kids in line so when they grow up they will get a dead end job to keep feeding the government money. The world is a corrupt place... open your eyes.
Short
by ApexFX_Pro
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:- ======== 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
Long
by Saleh11
GOLDEN WEEK At the moment we price is currently in a strong support and resistance zone ( green box ) In the trading week ahead we will be looking at 2 possibilities. 1. Price breaks out in a bullish manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further bullish movement and reaching our next TP area ( 400 pips, also previous support ) 2. Price breaks out our zone and makes a bearish run down to our support level and TP of around 280 pips. Now this is a swing trade so expect to hold it over the whole week, but we should get some rather impulsive moves as in Japan it is "Golden week" this is an extended holiday so there will be low liquidity involving all pairs during the Asian trading hours. This low liquidity can cause extreme market movements and flash crashes and seen before on 3rd January 2019 with JPY cross pairs ( get your chart up and have a look ) We are going to try and use these sudden big movements to our advantage and hopefully hit our target this week, We also have high impact GBP news on Monday morning and on Thursday we have 4 lots of high impact GBP news, so add this with the low liquidity in the markets we could see some crazy moves... Fingers crossed ;p Obviously trade with caution and use correct risk management!
by ApexFX_Pro
7
Break or Bounce?Break or bounce? As you can see we have a strong support zone that has been used many times before where candles have entered this zone and then bounced, now we are looking for more of the same again as price is currently in this zone, so a bounce and bullish movement. The only thing to be wary about with this bounce is all the bearish movement going down into this zone, this amount of downwards pressure can sometimes cause a zone or level to break, but on the previous times price entered this zone and bounced you can also see there was good amounts of bearish pressure behind the move and the price held. Now you can look at it as a Ninja chopping a block of wood with his hand.. With every strike the wood gets weaker until it eventually breaks ( his hand been the candles and wood been the support zone ) So in time this zone will break, but I'm not really worried about it this time. We will be waiting for confirmation of the bounce and a candle close bullishly outside of this zone though before we take the trade, so keep your eyes open and don't enter unless you get confirmation! Oh and always use correct risk management... but I'm sure you are not that stupid by now ;p
Long
by ApexFX_Pro
4