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Gbpjpyanalysis

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 Analysis (8th April 2024) Market Analysis PT1/2 (8th April 2024) GBPJPY Analysis 1 hour timeframe, Price action has created a very bullish push to the upside after retesting the Bullish orderblock, creating another BOS to the upside. In the process, price action has created a bullish FVG on the 1 hour as well. There are 2 main scenarios i am looking out for later on in the London Session. 1. Price rejects off the fvg and creates a 5 minute Change of Character to continue bullish. Only then will i be interested to look for longs. 2. Price action fails to hold the bullish FVG and retraces deeper into a 1 hour OB. This is where i will be alittle more cautious of buys but its still possible if it gives us a 15 minute bullish Change of Character to show us that the lower timeframe orderflow is shifting bullish.
Long
by CallistoFX
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
GBPJPY Bullish Long side Robbery on GJ BankHola Traders, This is our Day Trade master plan to Heist Bullish side of GBP/JPY BANK . my dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Long
by Thief_Trader
1
GBP/JPY 130 Pips profit secured, new buy set-up after pullbackHello traders, in my yesterday's post, I advised you to buy GBP/JPY@190.60 after price breaks out of the trendline resistance and 100hour mav resistance. As you can see, the buy trade@190.60 from yesterday is in 130+ Pips profit . For those who followed the idea, I recommend you to take partial profit. Those who didn't buy, I recommend you to wait for a pullback before buying. If price visits the 191.10 level again and shows bullish price action, I would consider buying GJ again.
by KaltoireCapital
8
GBPJPY I Bullish breakout and continuation Welcome 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
4
GBPJPY In the GBP/JPY pair's 4-hour timeframe, a bearish movement is evident as the Elliott Wave analysis suggests completion of the 12345 sequence, indicating a potential correction. Following this, the correction pattern ABC is anticipated. Moreover, with the price having completed around a 38% retracement of the last impulse, further downside movement aligns with a potential downtrend scenario. Traders may monitor key support levels for potential entry points in line with this bearish outlook.
Short
by forex_info
GBPJPY SHORT 1100 PIPS READ DESCRIPTIONThe analysis for GBP/JPY (British Pound paired with Japanese Yen) indicates a significant sell zone, characterized by the breaking of previous major support, which has now turned into resistance. The main resistance zone is identified between 190.9 to 191.4, suggesting a strong barrier to further upward movement in the currency pair. Examining the data from big players and investors provides further insight into market sentiment. Over the last two weeks, there have been 81,000 short entries compared to 19,000 long entries, indicating a significant bias towards short positions. This sentiment is reflected in the daily reports, which show 70% shorts and 30% longs. Furthermore, recent data shows 58% sell orders, indicating a prevailing bearish sentiment among traders. Considering technical analysis, the market volatility level of GBP/JPY over the past week is notable, with an Average True Range (ATR) of 1.24 and a total intraday range of 148.62%. This suggests heightened volatility, which can present opportunities for traders to capitalize on price fluctuations. The proposed trade aims to capitalize on the bearish sentiment in GBP/JPY, with a target of 1170.8 pips and a 6.14% profit potential. A stop-loss of 40 pips is set to mitigate potential losses in case the trade moves against expectations. Additionally, four target prices are set to capture potential profits at different levels, providing flexibility in managing the trade. Risk management is emphasized as a crucial aspect of trading, with traders advised to manage their risk effectively to protect their capital. By adhering to proper risk management principles and remaining vigilant for any signs of confusion or uncertainty in the market, traders can navigate the complexities of trading with confidence. In summary, the analysis suggests a strong bearish outlook for GBP/JPY, supported by technical and fundamental factors. Traders are presented with an opportunity to capitalize on this sentiment through a well-defined trading strategy, while also prioritizing risk management to safeguard their investments.
Short
by MOAZAM1133