by Vivek | Jun 4, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY has given a good rally. Now at the current level, it is consolidating and forming head and shoulder patterns. According to the chart pattern, we might see a downtrend in GBPJPY after some consolidation. One can trade for downside with proper risk management and...
by Rishikesh Lilawat | May 28, 2020 | Forex Trade Ideas, GBPJPY
Currently, GBP/JPY is trading at 132.84. The pair is consolidating in the ascending resistance and support wedges . If it breaks the resistance level at 133.09, the pair may start a new up trend and its target price will be at 134.96. If it breaks the support level at...
by Vivek | May 28, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY is trading a rising wedge pattern. It is trading in strong support and resistance zone. One can initiate a long trade near the support line of the rising wedge pattern with proper stop loss and risk management system, but if it breaks out of rising...
by Vivek | May 19, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY was trading in a falling wedge pattern and now it has given a good breakout from the pattern on the upside, but this upside can be limited in GBPJPY as the price will face multiple resistances on the upside. If long trade initiated on GBPJPY , one should Book...
by Ryan Lopes | May 18, 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, the price is currently in its support and resistance . There is also a...
by Vivek | May 14, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY is trading at the support level of the falling wedge pattern. We might see a bounce back from the current price level on the upside. One can initiate a trade at the current level for long , keeping the stop loss just below the support line of the falling...
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