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Gbpjpy_outlook

GBPJPY Completing Movement of Wave CThis pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c. The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c. if viewed to a lower time frame that is H4, this movement has been cornered with the confirmation of a strong price movement that will push the price move higher. The recommendation we provide is to buy up to point movement point c and stop loss between 145,000 to 144,000.
Short
by fXVolume
GBPJPY Fundamental Analysis – June 11th 2018 Here are the key factors to keep in mind today for British Pound trades: UK Trade Balance: The UK Visible Trade Balance for April is predicted at -£11.400B. Forex traders can compare this to the UK Visible Trade Balance for March which was reported at -£12.287B. The UK Trade Balance Non EU for April is predicted at -£3.200B. Forex traders can compare this to the UK Trade Balance Non EU for March which was reported at -£3.639B. The UK Total Trade Balance for April is predicted at -£2.500B. Forex traders can compare this to the UK Total Trade Balance for March which was reported at -£3,091B. UK Industrial Production and UK Manufacturing Production: UK Industrial Production for April is predicted to increase by 0.1% monthly and by 2.7% annualized. Forex traders can compare this to UK Industrial Production for March which increased by 0.1% monthly and by 2.9% annualized. UK Manufacturing Production for April is predicted to increase by 0.3% monthly and by 3.1% annualized. Forex traders can compare this to UK Manufacturing Production for March which decreased by 0.1% monthly and which increased by 2.9% annualized. UK Construction Output Seasonally Adjusted: UK Construction Output Seasonally Adjusted for April is predicted to increase by 2.2% monthly and to decrease by 1.4% annualized. Forex traders can compare this to UK Construction Output Seasonally Adjusted for March which decreased by 2.3% monthly and by 4.9% annualized. UK NIESR GDP Estimate: The UK NIESR GDP Estimate for May is predicted to increase by 0.3% monthly. Forex traders can compare this to the UK NIESR GDP Estimate for April which increased by 0.1% monthly. Here are the key factors to keep in mind today for Japanese Yen trades: Japanese Money Stock M2+CD and Japanese Money Stock M3: Japanese Money Stock M2+CD for May increased by 3.2% annualized and Japanese Money Stock M3 increased by 2.7% annualized. Economists predicted an increase of 3.3% and of 2.8%. Forex traders can compare this to Japanese Money Stock M2+CD for April which increased by 3.3% annualized and to Japanese Money Stock M3 which increased by 2.8% annualized. Japanese Machine Orders: Japanese Machine Orders for April increased by 10.1% monthly and by 9.6% annualized. Economists predicted an increase of 2.4% monthly 3.8% annualized. Forex traders can compare this to Japanese Machine Orders for March which decreased by 3.9% monthly and by 2.4% annualized. Japanese Machine Tool Orders: Japanese Preliminary Machine Tool Orders for May increased by 14.9% annualized. Forex traders can compare this to Japanese Machine Tool Orders for April which increased by 22.0% annualized. Should price action for the GBPJPY remain inside the or breakdown below the 147.450 to 148.100 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 147.800 Take Profit Zone: 143.150 – 143.600 Stop Loss Level: 149.000 Should price action for the GBPJPY breakout above 148.100 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 148.500 Take Profit Zone: 150.000 – 150.800 Stop Loss Level: 148.100
by Kate_111
GBPJPY dropping nicely from resistance, potentially more bearishGBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 94% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
GBPJPY Setting Up Nicely For A PlungeGBPJPY is right on major resistance and is setting up nicely for a plunge from here. Sell below 149.86. Stop loss at 150.76. Take profit at 147.14. Reason for the trading strategy (technically): Price is seeing major resistance below 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop from here could push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.
Short
by theforexarmy