Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

How to trade GBP/JPY after the election

How to trade GBP/JPY after the election

Information is not investment advice

GBP/JPY is correcting down after the excessive advance that it made on the news that Boris Johnson’s Conservative Party has won the UK election. Last week the price managed to overcome the 200-week MA at 143.60 and 78.6% Fibo retracement of March-August decline at 144.00. Now these levels will act as support for the pound. 

On the D1, we see bearish divergence between the price and the Awesome Oscillator. It means that the latest advance was too fast and that the pair may return to lower levels where buyers will be able to regroup.

On the H4, GBP/JPY is within a descending wedge. The fall below its support around 144.95 will open the way down to 144.00. In the meantime, the return above the upper border at 146.20 is needed to allow the pair to retest the recent highs that are just below 148.00.

GBPJPY dec 17.png

Similar

New EUR/USD Trade

4H Chart  Daily Chart  EURUSD declined back yesterday after trying to test its 1…

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later