GBP/JPY analysis

[June Moon]

GBPJPY has already crossed 145.23 which prove that market is strong at bearish zone. It will move down and is making a big opportunity to the sellers. The upcoming target of GBPJPY is 142.53. The resistant zone is really strong.

 

[lioneld]

Last night I opened a sell trade on GBPJPY at the level 148.78 with 44 pips TP and 12 pips SL, yes that was a scalping trade position! In addition, I just got my TP now! Actually, GBPJPY is very volatile trading pair and I like to use this pair for scalping most!

 

[Lee Mark]

Right now, I am with no bias, no buy-no sell! Because, now we are in a daily range! If market breaks this range, then I’ll follow that new trend.

 

[Oscar Shumack]

Especially knowledge of support and resistance level is important. Always enter the market with SL. Most of the new trader fail to do that.

 

[Cooper Truebridge]

From this zone, I am not inclined to make trading entries now. I would like some more confirmation.