GBP/JPY bouncing off the Trendline – Buckle up for a buying signal!

Posted Wednesday, September 12, 2018 by
Arslan Butt • 1 min read

What’s up, fellas.

The Asian session was a bit muted but the investors seem to get back on the London open. We got a quick profit in French index (CAC) and reentered the market for more profits.

There’s another opportunity in the GBP/JPY. Are you up for it?

Fellas, the Japanese cross is facing a solid support near 144.950. As we can see on the hourly timeframe, there’s a bullish trendline which is holding the pair in the bullish territory. Besides that, there’s 50 – periods EMA which is also suggesting a bullish sentiment of investors.

Thus, the forex trading signal is to open a buying position above 145 with a stop at 144.68 and take profit near 145.38. Good luck!

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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ABRAHAM ODARTEY LAMPTEY

how can i pay signals from you people

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how can i buy signals from you people

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