GBPJPY has been great to us of the past few weeks.
Staying on one side of the market buy calculating Daily the strongest and weakest of the Major Currencies has helped us maintain our edge using proven Statistics.
GBP has been ahead of the pack for several weeks and has been increasing its strength daily over the other Majors.
146.560 has proved a great target...
GBP Strengh has been relentless
We favour the LONG side of this pair now having cleared liquidity at previous levels identified in last GBPCAD shared idea on this platform.
A NEW 52W WEEK HIGH SEEMS VERY DOABLE FROM HERE.
We have been only trading on the long side of GBP across several of the majors during the past few weeks and have had some of easiest timed trades focusing in one direction.
A lot of money is lost by traders trying to trade both long and short especially within the same timeframe chart.
A lot of the feedback we get from traders is how to identify the best pairs...
Our Currency Heat Map tells us to stay Long GBP.
Still being the strongest Major currency we see no reason to be short the British pound, we are therefore pairing it with JPY which remains the weakest of the Major currency pairs for today's trading in the Forex Market.
Buy using our propriety currency Heat Map filter it allows us to easily pair the stongest vs...
Looking for a rejection of support for this to climb higher. Recently broke above a big resistance level, if price can hold here and not fall below support again then there is a good long opportunity on this. Want to see MACD remain above 0 and EMA to remain bullish if and when this holds at support before longing. Target is at the next high of 1.88158
The pair maintains its laterality, which enhances the idea that it will continue in an uptrend. A clear flag marks this lateral movement. At any moment we should see a bullish momentum. If we see it with Elliot Wave, we would be in front of a lateral 4 wave. going in search of wave 5, and resistance.