GBP JPY forex signals

Best free forex signals for the GBPJPY

GBPJPY lost momentum above 139.73 resistance. Check out the new charts and goals for GBPJPY currency pair!
GBP JPY forex signals
GBP JPY Forex Signals

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 GBPJPY 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 GBPJPY

Monthly shows this pair been weaving up and down along the .236 at 141.587 and is now sitting just below it. The rsi is in the middle but is moving up to the sell one. This pair should reach the .382 at 155.837 giving 1,766 pips.


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Daily chart of GBPJPY

Daily shows this pair has made a down move crossing the up trend line and moving up again. The rsi is in the buy zone and appears ready to move up to the sell zone. This pair should reach the .270 at 143.051 giving 404 pips.

Hourly chart of GBPJPY

Hourly shows this pair has moved up in a jagged fashion making 213 pips. It is in consolidation right now, however with the rsi in the sell zone, when it is finished consolidation this pair should retrace down to the .236 at 137.885 giving 133 pips. If this pair moves to the .382 at 137.362 this would give 183 pips.

Is trading Forex worth it?

Do you agree that the GBPJPY 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.

GBPJPY 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

The British pound has rallied significantly during the course of the week, slamming into the ¥140. Ultimately, this is a market that will eventually go looking towards the 200 week EMA, as we have broken significant resistance from the previous week, according to FX Empire.
The British pound rallied significantly during the trading session on Monday, to break above the 50 day EMA. Ultimately doing so, that shows that the market has plenty of fight left in it. With that being the case, you have to pay attention, but I certainly think that we are still far below resistance.

GBPJPY 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: GBPJPY prints mild gains above 134.00 amid upbeat trading sentiment
GBPJPY Forex Trading analysis by Transparent Fx Academy

The GBPJPY 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.

GBP/JPY Trade Breakdown / My life with Forex

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 sense

Finance Yahoo

GBPJPY rises for the fourth day in a row to challenge the early-May top, according to FX Street.

Intraday bias in GBPJPY 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
GBP JPY LONG OPPORTUNITY

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 GBPJPY 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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Disclaimer:

Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only general information and market commentary, thus, it does not incorporate investment advice.

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