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Tag: GBP/JPY

GBPJPY Retracement Setup (Jan 21, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPJPY1
GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action. Price just broke below an area of interest at 166.50 then dipped to a low of 164.00 before pulling back. Using the Fib tool on the latest swing high and low shows that the 50% level…
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GBPJPY Daily Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-12-08_20-41-48gbpjpy
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GBPJPY Double Bottom (Dec 2, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
Screen Shot 2015-12-01 at 3.59.23 PM
GBPJPY could be in for a strong rally, as a reversal pattern can be seen on its 1-hour time frame. Price failed in its last two attempts to break below the 184.00 major psychological support and is testing the neckline resistance at the 186.00 handle. An upside break from the neckline could confirm that an…
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GBPJPY Ascending Channel (Nov 23, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
Screen Shot 2015-11-22 at 6
GBPJPY has been moving on an uptrend on its 4-hour time frame, with an ascending channel connecting the latest highs and lows of price action. Price is currently testing the channel support at the 186.50 minor psychological level and might be due for a bounce back to the resistance at 189.00. The pair also seems…
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GBPJPY Long-Term Ascending Channel (Oct 7, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
151007_gbpjpy2
Even though GBPJPY suffered a sharp selloff in the past few weeks, the longer-term uptrend on its daily chart is still intact for now. Price is currently testing the bottom of the rising channel and might be due for a bounce. Stochastic and RSI are both on the move up, with the former indicating a…
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GBPJPY Reversal Pattern (Sept 11, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150911_gbpjpy
The recent downtrend on GBPJPY might soon turn, as the pair formed an inverse head and shoulders reversal pattern on its 1-hour chart. Price is currently testing the neckline around the 186.50 minor psychological level and a break past the resistance might mean that an uptrend is in order. Stochastic and RSI are on the…
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GBPJPY Retracement Play (Sept 7, 2015) 
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150907_gbpjpy
GBPJPY has been trending lower on its 1-hour time frame, with the 100 SMA treading below the longer-term 200 SMA and indicating that the selloff could continue. Price bounced off the support at the 180.50 minor psychological mark and may be due for a pullback to the Fibonacci retracement levels. In particular, the 61.8% Fibonacci…
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GBPJPY Trade Plan 1st September 2015
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
GBPJPY 4 hr Trade Plan
On the daily chart for the GBPJPY price is at a support zone it is also at a 50% fib level price had drop to a 61.8 fib level in late August 2015. Right now price is riding the 5 EMA if price action breaks above the 5EMA I would then expect price to rise…
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Outbreak of a Triangle
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-08-24_21-24-09GBPJPY
The trader that waited patiently could have spotted the outbreak of this triangle. If you would like to trade it or similar patterns like this in the future I would recommend the following. Wait for the candle that actually breaks out of the pattern. The stop loss should be fairly tight being over the apex…
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GBPJPY Trading plan for 12th Aug 2015
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
2015-08-12_06-39-52
Price is just above the weekly WR1 right now I would look to this price level to enter a trade , Sell order:  If price break through support  @194.4700  then look for price to retest this level now as resistance. drop into a smaller time frame to enter to short order. Buy order: If price…
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The Beast – Love it? or hate it? (GBPJPY Trade Plan)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-07-31_11-37-05-GJ2
The Beast - huge opportunity exists here to make serious pips.  I have seen many traders made tons of pips with this pair, though seen as many traders melted their accounts with it as well. On July 29th, this pair moved up over 140 pips in Asian hours, and dropped 120 pips after London open!…
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GBP/JPY Good day for the British Pound
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
2015-07-14_19-55-22
It was the 5th day the British  pound has rallied to a new high @192.8582 again the Yen. We are now at WR1 @192.789 strong resistance level . We can see a spinning top on  the hourly chart could price be reversing ?. Hourly chart show price breaking through the 21 ema and  price is now at  double top…
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GBPJPY Trade Setup – July 14
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-07-14_12-46-30UJ3
My trade setups for Yen cross pairs yesterday didn't work out, due to the Greek resolution.   That's OK.  There are days when technical analysis doesn't work.   The key to the success is how not to lose the pips when the market moves to the opposite direction from our setups.     Specifically I…
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British pound Price Action again US dollar & Yen
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
2015-07-13_20-26-39
Last week price action on GBP/USD ** GBP/JPY Price try  to make a lower low. But only made a lower high. The black line is where price had to break to become a lower low. So if price only makes a lower high then who in charge,  the  bulls are and push the price higher.…
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GBPJPY Trading Setup – Reversal Pattern!
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-07-10_14-54-32GJ2
GBPJPY has been in the down trend for a while. Hourly chart below initially showed series of LL (Lower Low) and LH (Lower High). However, yesterday we found Higher Low (which shouldn't exist in the down trend) followed by Higher High.  Aggressive traders out there may have already bought this pair from Higher Low (@…
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GBPJPY Trade Setup with Multi-Timeframes
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-07-09_18-33-07GJ-006
I would like to explain how I usually build up the trade plan with multiple time frames. When I build my trade plan, I usually start from Daily chart.    Today's GBPJPY daily chart looks like this. I see green candle coming up from Support (MS2 and Role Reversal).  With the help with Stochastic, I…
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Ichimoku Study of Yen cross pairs
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-07-09_11-29-46-GJ
It was a big day for USDJPY on Ichimoku chart.  With the big red candle, USDJPY officially signals "3 Yaku Anten" - BIGGEST SELL Signals. To recap, Ichimoku has 3 small buy/sell signals, and when 3 small signals shows the same results (Buy or Sell), we say "3 Yaku Koten (Biggest Buy)" or "3 Yaku…
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