GBPJPY

Been loving these Bearish GBPJPY moves this week and its great to see others enjoying it too

The GBPJPY is also feeling the uncertainty caused by Brexit and keeps its bearish trend. For now, the 149.00 zone may act as support and to the upside, the 151.64 level may act as resistance on the daily chart.

For now the pair is retracing, but who knows what will happen during Brexit. I would avoid trading it for the moment.

Volatility will be high so be careful.

Volatility will be high on all EUR and GBP pairs. I think I will wait until Friday at least to trade them.

The pair was heavily impacted by the vote!

That's an understatement. It fell with 1500 pips, which is a disaster in my opinion.

GBPJPY fell by over 2600 pips.Staying off the gbp pairs though it was technically set up for shorting is mistake I will always remember about Brexit!One may still look for an entry to short with TP at 130.25,God-willing.

GBPCAD felll by about 1700 pips.GBPCAD is good for a short now I think,with the final TP at 1.41887, God-willing-almost 3000 pips.Tps down thr road are 1.6080 and 1.5360,God-willing.

Hello traders,GBPCAD and GBPJPY seems to be on a major pullback after the Brexit heavy drop.One should be cautious and see clear set-up before placing trades in any direction.

GBPJPY and GBPCAD seems to have resumed their downtrends,God-willing.Watch for your favorite sell set-ups and review the TPs we had suggested.

Sideways trading i guess.

Unfortunately it is caught in a very tight range.

mmafxbook posted:
GBPJPY fell by over 2600 pips.Staying off the gbp pairs though it was technically set up for shorting is mistake I will always remember about Brexit!One may still look for an entry to short with TP at 130.25,God-willing.

GBPCAD felll by about 1700 pips.GBPCAD is good for a short now I think,with the final TP at 1.41887, God-willing-almost 3000 pips.Tps down thr road are 1.6080 and 1.5360,God-willing.

Hello traders,I hope we enjoyed the drop to 130.25 level as we anticipated above.This is a major higher time frame technical level.We anticipate a drop to 122.978 level next,God-willing should a favorite sell set-up occur.

The pair is still testing the resistance at 139.40. If it breaks above that level it will reach 140.50.

GBP/JPY has almost reached 140.00 and it's still very bullish. If it breaks above 140.00 it will reach 141.75, I think.

Bullish on the Yen

mlawson71 posted:
GBP/JPY has almost reached 140.00 and it's still very bullish. If it breaks above 140.00 it will reach 141.75, I think.

The pair is challenging 140.00 level again, I'm expecting further gains as the Japanese government prepares for easing.

The GBPJPY stays around the 139.00 level, the 146.00 may act as resistance and the 128.67 may act as support.

I think that if it breaks below 139.00 its next target will be 136.00 and depending on whether it breaks below that as well it might continue falling.