GBP JPY lost momentum above 139.73 resistance. Check out the new charts and goals for GBP JPY currency pair!
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 is ranging between 151.771 and 128.042. It has crossed a down trend line. The rsi is in the middle but clearly moving up to the sell zone. If this pair moves up to the top of the range this would give 1720 pips.
Daily chart of GBP JPY
Daily shows this pair made a large move down of 980 pips. It is has crossed a down trend line and appears to be headed to the .236 at 136.869 which would give 150 pips. The rsi is just under the sell zone indicating further up movement to come before this pair starts to head down to the buy zone.
Hourly chart of GBP JPY
Hourly shows this pair has made a substantial move down to the .382 at 135.280. The rsi is in the buy zone and looks ready to move up to the sell zone. This pair should go to the .270 at 136.836 and should give 134 pips.
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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
In the bigger picture, rise from 123.94 is still seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor, according to ActionForex.com
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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