• Trade of The Week: Sell GBPJPY

    Trade of the Week  SELL GBPJPY 134.10 STOP 135.80 TARGET 130.80 & 126.50 IN EXTENSION (RISK 0.75%) GBP: Outperformed all G10s and advanced a whopping 1.55% week over week to 1.2526 against the USD, lifted by improving Brexit sentiments as European Commission President Juncker’s comment raised hope of a soft Brexit. Bank of England’s abstains from […]

  • Summary

    GBPJPY reacted off resistance perfectly, dropping to our support target.

  • Summary

    GBPJPY reacted off resistance perfectly, dropping to our support target.

  • GBPJPY potential reversal!

    GBPJPY expected to rise up to 1st resistance at 135.313 where it could potentially react off and drop down to 1st support at 134.609. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    GBPJPY bounced nicely towards our target.

  • GBPJPY approaching support, potential for a bounce!

    GBPJPY is expected to drop to 1st support at 134.567 where it could potentially react off and up to 1st resistance at 135.140. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • GBPJPY facing bearish pressure, potential drop!

    GBPJPY is facing bearish pressure from our first resistance at 144.95 where we might see a drop in price to our first support level at 143.81. Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please […]

  • GBPJPY approaching support, potential bounce!

    GBPJPY is approaching our first support at 144.84 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 146.74 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries […]

  • GBPJPY approaching support, potential bounce!

    GBPJPY is approaching our first support level at 140.68 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.18 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 146.02 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 141.83 (horizontal pullback support, 50% Fibonacci retracement). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 145.50 (horizontal swing high resistance, 100% Fibonacci extension, 50%, 61.8%, 78.6% Fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 142.09 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a […]

  • GBPJPY testing resistance, potential drop!

    GBPJPY is testing our first resistance at 145.51 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 142.48 (Horizontal pullback support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 140.58 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 135.88 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • GBPJPY approaching support, potential bounce!

    GBPJPY is approaching our first support at 140.18 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.56 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching support where we might see […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.73 (horizontal swing high resistance, 61.8% fibonacci retracement, 100%, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 146.12 (Horizontal swing low support, 50% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we […]