gbp/jpy

Good morning, Today we use GBP, JPY and its cross pair analysis to shed the light on tricky EUR/USD technical picture:

GBP/JPY is looking as bullish as ever

I want to share my research taken to extract pip range so You can use it and implement it into your trading strategy. I hope this helps someone because I know it was helpful to me. CHART - trading session First chart shows how pair is doing on trading sessions compared to others trading...

GBP/JPY – strong uptrend in place set buy alarm at 171.15, no nearby resistance past there USD/JPY – strong uptrend in place set buy alarm at 104.35, next resistance is at 106.50-109.00 area. Other Pairs – the NZD/JPY, CHF/JPY and EUR/JPY are also in strong up trends but these pairs should...

GBP/JPY – strong down trend in place set sell alarm at 123.90, could drop to 120.00 GBP/USD – set support alarm at 1.5600, room to drop to 1.5400 or lower. The GBP/NZD also has a fresh D1 time frame trend to the down side, we have no problem selling this pair however we could not...

On an overall basis the JPY is weak and many of these pairs like the AUD/JPY, CAD/JPY and USD/JPY need to consolidate before planning new buys since they moved up most of the day. Pairs like the CAD/JPY have excellent upside potential and a strong uptrend. But these two pairs look okay to trade...

The JPY exotics should move higher tonight however all of them have nearby resistance. One pair we like is the GBP/JPY due to not having any resistance past the alarm price. GBP/JPY – set buy alarm at 122.50, room to move up to the 125.50 resistance and the D1 trend should form past the alarm...