by Vivek | Jun 26, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY is forming a Descending Triangle pattern, which is a bearish pattern . According to chart pattern analysis, we might see a downside in GBPJPY toward support level 1 and support level 2. One can initiate the short side trade at the current level with proper risk...
by Rishikesh Lilawat | Jun 25, 2020 | Forex Trade Ideas, GBPJPY
Currently, GBP/JPY is trading at 133.01. The pair is consolidating in the resistance and support ascending triangle wedges . Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support...
by Ryan Lopes | Jun 25, 2020 | Forex Trade Ideas, GBPJPY
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the price is at its trendline . One can wait for it to breakout. Let us...
by Rishikesh Lilawat | Jun 18, 2020 | Forex Trade Ideas, GBPJPY
Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair...
by Vivek | Jun 10, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY is forming the head & shoulder pattern at the top, which is a bearish trend signal. According to chart pattern analysis, we might see a downturn in GBPJPY towards the support level, as shown in the chart. Short side trade can be initiated with proper risk...
by Rishikesh Lilawat | Jun 9, 2020 | Forex Trade Ideas, GBPJPY
Currently, GBP/JPY is trading at 137.22. The pair started a new down trend on 8th June after breaking support level at 138.29. The price is forming a lower-low-lower high pattern and moving towards its first target, which is at 135.99 and its second target is at...