ForexSignalPort Free GBPJPY Short Technical Trade

GBPJPY LONG : Adapted Trade Setup Recommendation : 25 Jan 2019

Pound has moved into bullish region for the first time in nearly a year as the markets perceive any Brexit news other than no deal is seen positively. With UK Parliament taking steps to avoid no deal, the pound has been gaining with risk. Phibase team has setup an automated script to buy into retracement dips (Not sharp news based moves).

  • Symbol : GBPJPY
  • Analysis time frame H1
  • Original Recommendation Date : 25 Jan 2019
  • Technical Levels : Support levels
  • Potential Reversal Zone : 143.50 to 142.75
  • Target Price : 145.00
  • Stoploss : 100 pips
  • Hidden Stoploss : 50 pips

Update 25 Jan 2019 : GBPJPY LONG : Executed @ 143.75 and Closed for gain of +94 Pips

GBPJPY SHORT : Retracement Trade Setup Recommendation [No Longer Valid]

GBPJPY short : Approaching resistance level and 50% fib level of drop from Feb 2018 high To low of Jan 2019 - Possible short if resistance is confirmed at 143.90 with tight SL above 144.20 and TP 142.30 (Risk = max 50 pips, Reward = 150 pips)

  • Symbol : GBPJPY
  • Analysis time frame H1/D1
  • Original Recommendation Date : 23rd Jan 2019
  • Technical Levels : Support/Resistance leveland 50% fib level
  • Potential Reversal Zone : 143.65 to 144.00
  • Target Price : 142.22
  • Stoploss : 50 pips

Update 25 Jan 2019 : GBPJPY SHORT : resistance invalidated [Recommendataion - No Longer Valid]

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