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GBPJPY

GJStill holding a bad trade from yesterday, entered too early. DAILY We had a close with a reversal stop candle which was showing us downwards demand, now we we are forming a bullish reversal candle. So we know that the candlestick use is wrong, as we should use patterns to give us more guidance. Retesting 192.00, which we have established as our resistance and price of reversal. 4H 192.50 was the turning point and we are still moving to down side, so we will wait and hold. Having a trend within a trend, we have a bullish reversal channel forming in the larger bull structure, therefore we need a break and retest in order to fully execute this trade idea. 1H The close of the candlestick will give us the confirmation we need to start thinking of placing our sells. 191.60 is where we need to break and reject before we fully execute. 15Min First let price reach 191.80 and break through here first.
Short
by Mhangwane1
GBPJPY Analysis (11th April 2024) Market Analysis PT2/2 (11th April 2024) GBPJPY Analysis On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour. In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1 hour Fair value gap. This will be a high probability area for me to look for potential SELLS from. Ideally i want to see price tap into the 4 hour FVG and create a 5/15 minute Change of Character before looking for sell on GJ.
Short
by CallistoFX
GJWe were triggered in our sell and stop out within a few minutes. So we must sit back and wait for a better trading opportunity. DAILY We fighting to go up and candlesticks are very bullish. We will possibly see a 193.00 touch 4H Support at 192.00, if we get a rejection here at 192.70 we could get a nice sell opportunity. 1H It's a bad trade idea, we have only one confluence, RR is not what we would go for and highly risky. Our aim is to trade with the lowest amount of risk. 15Min Stay watching
by Mhangwane1
GBP/JPY 4H chart analysis, bullish move next week?Hello traders, let us take a look at the 4H chart of GBP/JPY. As you can see, price has respected the dynamic support level( 100 period Moving Average). In addition, the support zone indicated in the chart is also unbroken. I feel there is enough bullish momentum for price to reach 193 and beyond. The first minor resistance would be at 192.25 which if broken will take the price towards 193.50 We are already holding buys from 190.90 level. Recommend traders to load buys if price dips to the 191 level again
Long
by KaltoireCapital
18
GBPJPY Analysis (10th April 2024) Market Analysis PT1/2 (9th April 2024) GBPJPY Analysis On the daily timeframe, Price action has created a daily fair Value Gap. Since the over trend is bullish after creating a bullish Change of Character and a BOS to the upside, I am primarily looking for Longs. What i want to see price action do is to come into the daily Bullish Fair Value Gap and reject off it, creating a 15 minute/1 hour bullish Change of Character. This will tell me that price action is still bullish and we can continue looking for longs in alignment with the daily timeframe price action. Ideally price should come and tap into the 1 hour Bullish Orderblock where we can look for potential longs as an added confluence. Remember to Risk less when trading this Tomorrow as there is CPI and FOMC Minutes coming up so there will be increased volatility in the markets.
Long
by CallistoFX
GBP/JPY - Potential Upside Opportunity from Key Support LevelKey Support Level Analysis: GBP/JPY currently finds itself positioned at a crucial support level, indicating a potential opportunity for upward movement in the market. This support level, identified at 190.400, has historically demonstrated a significant influence on price action. Entry Strategy: Traders looking to capitalize on the anticipated upward movement may consider entering the market upon a re-test of the support level at 190.400. This re-test serves as a confirmation of the support's strength and validates the bullish bias. Risk Management: To mitigate potential losses, a prudent risk management approach suggests placing a stop loss order at 189.380. This level serves as a safeguard against adverse price movements and aligns with the technical analysis framework. Take Profit Targets: Three distinct take profit targets offer strategic exit points for traders seeking to maximize profit potential: 1. Take Profit 1 (TP-1): Positioned at 191.475, TP-1 represents an initial profit-taking opportunity as the upward momentum gains traction. 2. Take Profit 2 (TP-2): Set at 192.500, TP-2 reflects a continuation of the bullish trend, capturing additional gains as the price trajectory unfolds. 3. Take Profit 3 (TP-3): Targeting 193.500, TP-3 serves as a more ambitious profit target, accounting for potential extended upward movement in the GBP/JPY pair. Disclaimer: Trading forex carries a high level of risk, and individuals should carefully consider their risk tolerance and financial situation before engaging in any trading activities. It is advisable to seek advice from a qualified financial advisor before making any investment decisions.
Long
by trading_jupiter
Falling toward the support GBPJPY is currently at the pivot and could potentially fall to a pullback support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level, above 127.2% Fibonacci extension Pivot: 192.26 Support: 191.54 Resistance: 192.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBP/JPY Key levels for buying +250 Pips potentialHello traders, GBP/JPY has been sliding lower for the last few days. What's even more interesting if the fact that price has constantly stayed below the 100-hour moving average for quite some time now. That being said, there is a possibility of a rebound in GBP/JPY Traders waiting to buy, must wait for the price to break the 100-hour moving average level with a strong bullish impulse. Subsequently, the levels to target would be 191.40, 192.26 and 193.60
Long
by KaltoireCapital
11
GBPJPY: Growth Will Continue 🇬🇧🇯🇵 Update for GBPJPY. Earlier, I shared a very bullish forecast for the pair on a daily. Analyzing the intraday price action today, I see strong confirmations of my predictions. On a 4H, the price broke and closed above a resistance line of a falling channel, retesting the broken trend line, the price formed a double bottom and violated its neckline. We can expect more growth now. Intraday goals: 192.1 / 194.64 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBPJPY H1 | Bearish DropBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 191.92, which is a pullback resistance that aligns with the 78.6% Fibo retracement. Our take profit will be at 191.33, an overlap support level. The stop loss will be placed at 192.31, above a swing-high resistance level High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GJDAILY Still expanding the current wedge we are in. Peaking at 193.50, which could either be our ceiling this week or our target before heading up to 193.60 4H We are still in a small pullback flag, so the assumption stays that long term we are bullish but no commitment as of yet. 1H We either going to bounce on 191.30 or we are going to get rejected at 192.00, for now just hold on and wait. 15Min Opened with gapping downwards and now we are shooting upwards. So that shortfall will be recovered, for now stay watching. We'll wait for more developments.
by Mhangwane1
GBPJPY I Potential pullback to support and more growthWelcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2