GBPJPY Bull

[IceThor]

Can't win them all

 

[Farm Yard Forex]

Nevermind mate. Still 6% up over 2 trades! I'm looking at entries between your two zones actually.

 

[IceThor]

Nevermind mate. Still 6% up over 2 trades! I'm looking at entries between your two zones actually.

Yeah always be happy with that return

 

[Farm Yard Forex]

This is the level right now that I thought it would react from. See if I get stopped out.

 

[IceThor]

This is the level right now that I thought it would react from. See if I get stopped out.

we will see

 

[Farm Yard Forex]

Looks to have reacted so far.

 

[Jungletrader]

I'd like to see it retrace deeper there's a RBR below your first zone that I quite like the look of

 

[Farm Yard Forex]

Reacted nicely off the zone I hoped for.

 

[IceThor]

going well now this trade

 

[momo3HC]

Any of the next trades triggered?

 

[IceThor]

Are you still bullish with this pair?

 

[sharabela]

The daily chart shows that the price has some space to travel towards the North. It produced a bearish corrective candle after a strong bullish move. Thus, the buyers may push the price towards the upside. However, it does not offer the price to move towards it and make a big move. This may make the pair get sluggish.

 

[IceThor]

The daily chart shows that the price has some space to travel towards the North. It produced a bearish corrective candle after a strong bullish move. Thus, the buyers may push the price towards the upside. However, it does not offer the price to move towards it and make a big move. This may make the pair get sluggish.

nice analysis

 

[pezza55]

looking for a sell position from around this area as we broke lower and took out the previous lows looks like a nice bearish structure playing out and once we take to low on the left this will hold longer term. what you think

 

[IceThor]

View attachment 312985looking for a sell position from around this area as we broke lower and took out the previous lows looks like a nice bearish structure playing out and once we take to low on the left this will hold longer term. what you think

Nice fib!

 

[momo3HC]

Looks like you`ve been stopped. Any update here?

 

[sharabela]

The level of 155.500 area is a strong support zone as far as the H4 chart is concerned. A breakout below may drive the price towards the South. The chart produced an Inside Bar, so it may remain bullish for a while.

 

[Jim B]

You still trading this pair mate ? Got a short position open on it myself wondering what you’ve been trading.

 

[bax699]

Good morning all i haven't had a trade on GBPJPY for a short while, for multiple reasons. Watching other pairs more and waiting for it to come to an ideal price point also. As you can see we have broken through the trend line and touched down at the demand zone below which we got from one of our last trades. With the situation with Russia still ongoing I think JPY will continue to be stronger and therefore see further downwards momentum. Ideally I would like to see price visit the bigger demand zone lower down. But if price looks to be finding support at the first demand zone then i will look to take the trade there also. Patience with these setups, let price come to us then trade. GLIYF

 

[Farm Yard Forex]

Agree with you that in these times the sensible opinion is that JPY will gain in strength being a safe haven. Hard one to call as you now have relatively equal lows and highs there. Could see it bounce around in this sideways channel for a while.