GBPJPY Pair : GBPJPY ( British Pound / Japanese Yen )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame
Break of Structure and Retracement
Triple Top
RSI - Divergence
Completed " 12345 " Impulsive Waves
Gbpjpybuy
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.
GJ BuysGj had been consolidating a while and now broke above zone (190.900) and closed on the 1H. This happened at 10..00 am UK time.
Upon seeing this I waited for retracement to zone, where I entered 190.900 with sl@190.57(risking 33 pips).
TP1: 191.500 TP2: 191.800
* Where has the market moved since I entered my trade? Slight Profit
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic, taken outside mu usual time lot
* What do I like about this trade ? Good entry, solid confirm on both 1h & 4h
* What do I dis-like about this trade now? Nothing
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? No
GBP JPY TRADE SET UP GBP JPY TRADE SET UP.
GBP JPY has broken out of a bullish rectangle pattern.
waiting for a retest to enter for long position
GBPJPYPair : GBPJPY ( British Pound / Japanese Yen )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
GBPJPY H1 / Long Entry Confirmation ✅Hello Traders!
This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY H1 / POSSIBLE BREACH OF THE STRUCTURE 📉Hello Traders!
This is my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ.
Keep in touch!
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPJPY H1 buy now # Today Confirm Analysis GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair.
The expectation is that the administration of US President Joe Biden will give the go-ahead for military actions in retaliation to the recent drone attack on a US outpost in Jordan. This attack led to the loss of three US troops and left at least 24 individuals injured.
GBPJPY BUY NOW 186.712
CONFIRM TARGET 188.121
GBP/JPY buy signal AnalysisHello traders, In our recent price action on GJ we saw a nice bullish momentum. Despite I was bearish last week and I was wrong about the biais I didn't took any action and didn't push any button as the anticipated shift in momentum didn't materialize. This week, my perspective has shifted, and I now anticipate the bullish trend to persist. We saw a retracement into a daily IRL, establishing the sell side of the curve. My current expectation is for the market to take the ERL. For me to consider any entry, I'm waiting to see if we get a stop hunt and a clear shift in momentum. So I would consider an entry.
GBPJPY H1 / EXPECTING A STRONG BULLISH MOVE UNTIL 187.200❗️Hello Traders!
This is my idea related to GBPJPY H1. I expect a retracement from the resistance level at the price of 184.300. We are in an ascendant trend and I will look only for Long entries.
Remember, history always repeats!
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GBPJPY top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPYDear Traders,
FX:GBPJPY price consolidated and it is time to extract from that consolidation phase, we are now targeting 190 price region which will be crucial to look around that area. Entry now with accurate stop loss can be a good option to buy swing and take advantage this trade.
trade smart not emotionally,
GBPJPY Strong Support Ahead!GBP-JPY keeps going down
To retest the horizontal
Support level of 181.1
From where I believe
We will see a local
Bullish rebound as
The pair is now oversold !
GBPJPY Possible Scenario on H1 time frameGBPJPY Major trend is bullish minor also bullish,
Clean and Clear buy Setup on H1 time frame.
wait for this Setup don't rush to this setup.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#GBPJPYIn the 2-hour period, the resistance of 186,750 was broken, and in the case of a pullback and confirmation of the candlestick, it enters a buy position for the previous ceiling, and in the daily period, it reached 190 units.
GBPJPY R:R 1:2This is for short term
Marked Possible Buy Zone
Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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GBPJPY possible buy zone!A minor double bottom pattern has emerged on GBPJPY, precisely on a horizontal support level within the intraday timeframe. This setup appears to present a promising opportunity for short-term scalping.
There is a potential for the currency pair to experience a rebound towards the 184.25 mark.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello, my analysis for the gbpjpy Hello, my analysis for the gbpjpy pair. The bearish channel has been broken. We are waiting for a retest of the 182.083 area and the 181.686 area. We have bought from these support levels. We are targeting the value 183.519. Good luck to everyone.
