Tag: GBPJPY analysis

450 more pips to go on the GBPJPY

Have you been trading any of the JPY crosses lately?

I have, on the short side. Most of them are trading in a bearish condition.

There is always the fear of a possible BOJ intervention, but let me tell you something, I think the USDJPY is a few hundred pips away from “the intervention levels” around 76.09, so we’ve got some room left.

Back to the GBPJPY, here is the daily chart:

So for now, I’ll be looking for short opportunities on the GBPJPY.

Do you trade this cross? Let me know.

Cheers,
Raul

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The GBPJPY is the currency pair I like the most today, and it will be like this for at least until the end of the week…

It is trading in a very clear bearish market condition and I’m looking already for short opportunities.

Here is what I’m waiting for:

Even if it doesn’t retrace that far, I’ll keep monitoring it and if I see any kind of downward pressure, I’ll go short.

Are you trading the GBPJPY?

Trade Safe!
Raul Lopez

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I have the GBPJPY on my watch list today

Last week’s AUDUSD order update: it didn’t get triggered (luckily)
Hope you all had a great weekend!
What do you have on your watch list this week? What currency pairs you are going to be trading this week?

If you asked me, I’d say the GBPJPY is one of the clearest of them all… It’s clear that on the long term charts it is trading in a bearish condition.

Also, on the short term charts, it just broke through an important support level. This is what I’m talking about:

As long as the GBPJPY trades below 127.96 I’d be looking for short opportunities.

What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

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GBPJPY looks goof for longs

Hope you all had a great weekend!

Here is my analysis, a little later than usual, but here at last!

I’d feel comfortable looking for long opportunities on the GBPJPY, both long term and short term charts have a clear bullish condition:

As long as it trades above 131.54 I’ll be looking for long opportunities on the GBPJPY.

Trade Safe!

Raul Lopez
Forex Coaching

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I’m considering longing the GBPJPY

What do you think about the GBPJPY? If you are looking for long opportunities I’m with you.
The GBPJPY is trading in a very clear bullish condition, it was clearly rejected from an important LT support level and it is likely to continue its way up.

Now, take a look at the short term charts:

It broke through an important ST resistance level, retraced back and now it is testing the support level.

Do you think it will hold? Let me know.

Good trading!

Raul Lopez
Forex Coaching

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GBPCHF update and GBPJPY opportunity

My trade on the GBPCHF didn’t work out yesterday, I still think it was a good opportunity, it was trading in a well defined short term range near an important ST resistance level, but the GBPCHF just didn’t want to follow through and I’ll have to reassess it’s analysis.

Anyway, I’m keeping an eye open on the GBPJPY, take a look at its short term charts:

What do you think about the support level? I really like it, I see good upward pressure around 121.40, which is where I usually get my signals.

Are you thinking about going long here? Let me know.

Cheers,

Raul Lopez
Forex Training

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Clear bullish condition on GBPJPY

I know many of you like to trade the GBPJPY because it is one of the currency crosses that moves the most. Now, let me tell you what I think about this one:

I also like it, but not when it is on a bearish condition, because you know, a BOJ intervention is always possible (when it’s bearish). But now it is different, it is trading in a bullish condition, and if the BOJ intervenes it will be on our favor, it will actually help us if we are long.

So this would be a good time for us to look for long opportunities on the GBPJPY:

As you can see, it already broke through the ST resistance level, so as long as it trades above this level, I’ll be looking for long opportunities.

The next resistance level here is at 124.04

Trade Safe!

Raul Lopez
Forex Course

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GBPJPY – Short signal

The GBPJPY is trading in a clear bearish condition, I was looking forward for a retracement to the ST resistance level, which it did, and it formed a significant pattern with downward pressure:

Here are the details of my order (still pending):

Entry order: 131.08
SL: 131.58
TP: 127.05

Trade Safe!

Have a great week ahead!

Raul Lopez
Forex Training

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Since last week that the GBPJPY is trading in a bearish condition, now that we don’t have important announcements (at least today and tomorrow) I’m going to look for short opportunities:

I’d like to see how it behaves around the ST resistance level, if the GBPJPY forms a significant pattern with downward pressure around the ST resistance

level, I’ll definitely go short.

Trade Safe!

Raul Lopez
Forex Training

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