GBPJPY Hit 70 Pips Profit – Are you up for Next Trade? - Forex News by FX Leaders

GBPJPY Hit 70 Pips Profit – Are you up for Next Trade?

Posted Monday, September 18, 2017 by
Arslan Butt • 1 min read

What's up traders, hope you are enjoying our forex trading signals on GBPJPY as we closed another +60 Pips trade on Friday. During the last week, we matured +215 Pips merely in the Guppy. Are you looking for a new trade setup? Let's crack it…


GBPJPY: Technical Overview

The Guppy soared to trade at $151.014 after the Bank of England remained neutral over the interest rates hikes. On the 4-hour timeframe, the GBPJPY is holding below a major resistance level of $151.250.

GBPJPY - 4 Hour Chart - Fibonacci Retracement GBPJPY – 4 Hour Chart – Fibonacci Retracement 

Traders, take a look at the RSI, the pair is heavily overbought that's why I'm always taking sell trades to catch retracement. For now, the next resistance is at $151.450. Below this, the pair can drop to complete the 23.6% Fibonacci retracement at $150.350 and 38.2% retracement at $149.650. Newbies should check out FX Leaders Fibonacci Trading Strategy to ensure profitable decisions.


GBPJPY – Trading Plan

I just shared a forex trading signal to sell below $151.250 with a stop loss above $151.50 and a take profit at $150.650. Good luck and keep following for more updates!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments