GBPJPY lost momentum above 139.73 resistance. Check out the new charts and goals for GBPJPY 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 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.
Daily chart of GBPJPY
Daily shows this pair has been moving steadily toward an up trend line. It is sitting just under the .618 and with the rsi just under the sell zone should be ready to move down to the buy zone soon. Confirmation of this pair moving down in this time frame should happen before placing a sell trade. This pair should reach the .382 at 150.980 giving 160 pips. If it continues to the .236 at 150.064 this would give 252 pips.
Hourly chart of GBPJPY
Hourly shows this pair is sitting just below the 1.618 at 152.603 and is in consolidation at the moment. This should be short lived as the rsi is 1/2 way down to the buy zone. This pair should reach the .270 at 151.886 giving 69 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
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
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.
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
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
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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