Gbp/Jpy

[BDforex]

Long position is preferable at 121.95 with price targets at 123.45 and 123.90. Other hand if it goes to below at 121.80 then we can expect downward movement with price targets 121.15 and 120.55.

[Melsayed]

My Weekly analysis:
The pair has reached to strong level that it fails to close under 119.40 so I see the next week there will be correction that may reach 122.xx level then it will continue down to reach 117.xx as shown in the chart

[aamu]

Gbp /jpy boht he acha or best pair ha muja ya pair boht acha lagta ha or main es pair ko boht zada used karta hoon muja es pair par boht sara borassa hota ha es lya main na kafi profit be earned kar lyaa ha trading sa ap koi be ak dooo pair chose kar loo or us par he trading karo kafi profit earned kar sakta hoo.

[simpleforex68]

I would like to analyze in H1 chart of the pair. The price is below the Ichimoku Kumo Cloud and EMA 200. This means that the price is in downtrend. So, I think that the price will be up to the Ichimoku Kumo Cloud and then it will decrease strongly.

[ashaab]

The pair is trading positively since the morning in attempts to reach the support level of 122.85. In general, our morning expectations remain as they are as long as the pair is stable below 122.85.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 122.85, targeting 121.50 and then 120.25 and stop loss above 123.50 might be appropriate

[vampire]

123.6 fib level (122.34) was break by yesterday's candle - and then, I see the stoch on quite nice bearish probability too, so because of this, yes - I see the more bearish probably here for today movement and Sell Op still be a better choice of course. but, please note : if then price move up more that 123.15 = Cut Loss is a nice decision for our Sell OP. I see
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[Sondag]

Its breaking yesterday's support level, but its near or has already around strong support level if we take a look on 4H Chart. Well, I expect some correction might happen for todays movement for minimum, reach 122.25 before its continue its bearish trend.

[ashaab]

The pair declined sharply affected by the negative factors mentioned earlier today, in attempts to confirm trading again within the descending channel shown above. Our morning expectations remain as they are , noting that stability below 125.20 is necessary for our expectations to prevail.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 124.45, targeting 123.20 and then 122.25 and stop loss above 125.20 might be appropriate

[vampire]

GBPJPY on also look to be more bearish - I see. Look - now the price near that Low fibo (124.13). I can say this pair to be more bearish if then price truly can break down more that 124.13 (support line) = if that break by price from top = yes, nice sell could be here again, I see.
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[Sondag]

Its broke its yesterday's support level at 124.35. Now its hold between 123.90 and 124.35. My strategy for todays movement is, buy at support (123.90) and Sell at resistance (124.35). If this pair could break the support for more than 30 pips, the scenario will be fail.