GBP/JPY defies the previous day’s losses while taking a U-turn from 134.05. Will it continue this trend?
I want to share some trading tips that may become the best free forex signals for your forex account. Here I will provide the best free forex signals for the GBP JPY currency pair right now.
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Today I’m going to show you the best free forex signals that I used to get amazing results on my own account and what I think the next few weeks will look like in the forex market.
It’s time to boost your trading account with some signals that I really believe in. Some days ago I shared the best trading ideas, and the market has not changed a lot since the last time. Join me on the GBP/JPY journey for this month. Let me know your thoughts.
Monthly chart of GBP JPY
Monthly shows this pair in a range between 157.179 and 128.042. The rsi is in the buy zone. If this pair goes to the .382 at 151.771 this would give 1,425 pips. If it goes to the bottom of the range at 128.042 this would give 1111 pips.
Daily chart of GBP JPY
Daily shows this pair made a large movement up of 727 pips up away from the up trend line. The rsi is in the sell zone, and it should retrace to the .236 at 136.783 giving 182 pips.
Hourly chart of GBP JPY
Hourly shows this pair has been ranging between 138.863 and 137.889. A nice move up of 100 pips just happened and it looks like it will continue to the top of the range giving 16 pips. The rsi is at the sell zone and it should move back down to the bottom of the range giving 96 pips. Confirmation of this pair moving down before a sell trade is recommended.
Is trading Forex worth it?
Do you agree that the GBP JPY could boost your trading account towards the end of 2020? And another important question when considering a new trade: Is trading Forex worth it? Indeed, I think so, and I’m super excited to share my best free forex signals with you, and I hope that everyone can maximize their profits based on my accurate forex signals.
GBP JPY in the news
GBP/JPY eases from intraday high of 134.32 to 134.18, up 0.08% on a day, during the early Tuesday in Asia. The quote recently gained upside momentum after market sentiment extended the previous day’s positivity. Even so, fears of the coronavirus (COVID-19) outbreak and Brexit talks, not to forget global fight against China, keep the optimism guarded.FX street: GBP/JPY prints mild gains above 134.00 amid upbeat trading sentiment
The GBP/JPY hold a bullish tone that was reinforced after the consolidation above 133.00, that now is a critical support. The immediate support stands at 133.65 (Asian session high) according to FXStreet.
It could be the Brexit situation; it could also be the US/China trade position. It is only a matter of time before something negative comes out and spooks the market considering so many different pieces are moving, and therefore I think that a run back towards the Japanese yen makes senseFinance Yahoo
GBP/JPY rises for the fourth day in a row to challenge the early-May top, according to FX Street.
Intraday bias in GBP/JPY remains on the upside for 135.74 resistance. Break there will resume whole rise from 123.94 for 61.8% projection of 123.94 to 135.74 from 129.27 at 136.56.ActionForex
Ultimately, this is a market that should continue to see quite a bit of interest in the markets once we get a little bit higher, and quite frankly I am looking to fade this pair because the British pound itself is a little overextended and quite frankly there are so many issues out there that it is only a matter of time before you we get some type of selling pressure come back in based upon some type of external pressure, according to FX Empire.
Are you happy that I shared my signals with you here in the Forex and Profits community? What do you think will happen next with the GBP JPY currency pair? I’d love to know what you thought of the post. Feel free to like, share and comment in our Forex and Profits Club on Facebook.
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