The GBP JPY has broken above 133.65 during the American session and jumped to 134.29, hitting the highest level since May 1st. 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.
Wouldn’t it be great if you could open one forex position this week and see an impressive profit growth on your forex account in just a couple of days or weeks? My signals have been extremely profitable and have given me a steady account boost in the past, and now I am sharing fresh and honest forex signals with you frequently for the Forex and Profits community.
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 making a large downward trend following a down trend line . The rsi has left the sell zone and is almost to the buy zone. This pair is on a downward fib. I think it will consolidate until the rsi moves back up to the sell zone where this pair should move down to the .270 at 112.469 which would give 2198 pips.
Daily chart of GBP JPY
Daily shows this pair has been ranging between 135.828 and 129.298. The rsi is in the sell zone but it is pointing up indicating more up movement to happen. This should allow this pair to reach the top of the range at 135.828, just above the .270. It should then come down towards the bottom of the range at 129.298 which should give 659 pips. A break in the range will give the direction this pair will take for further trading opportunities.
Hourly chart of GBP JPY
Hourly shows this pair is sitting in between the .236 and the .270. It has been following an up trend for some time and is not interested in stopping yet. The rsi is almost in the buy zone and it should reach the .270 which will give 56 pips. If it reaches the 1.618 that would give 126 pips.
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
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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