GBJPY : This level for trade 4hrHello friends . We see the chart of GBPjpy start and open sell trade at this point
Sell trade
entry :191.274
sl:191.693
tp:189.739
Gbpjpyforecast
GBPJPY Bullish Heist Plan Long SideHELLO LOOTERS,
This is our master plan to Heist Bullish side of GBP/jpy Market. Guys U can enter at any points, Our target is 1 and 2 Red Zone. Day Robbers loot and escape end of the day in this market, Swing Robbers can stay with us We can escape near the Highly Danger Target 2 area.
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.
GBP/JPY tests key Support, what is the best level to buy?Hello traders, GBP/JPY pulled back 300 pips from the highs at 193.50.
However, the dynamic support level on the 4Hour chart has prevented further declines.
As you can see in the chart, 190.40 level has held well so far. In view of the above,
if price tests the support level again, we would consider buying GBP/JPY@190.40
with Stop Loss placed below 190 and TP at 193.50
GBPJPY Technical Analysis GBP/JPY Technical Analysis
Timeframe: H4
Fibo 78.60% retracement done with candle confirmation. Expecting upside moves.
GBP/JPY may reach 195-196 from where it can reverseHello traders, GBP/JPY's uptrend shows no signs of slowing down. As we had
predicted in the previous idea, price has broken through the 191 level and currently
it has crossed 193 as well.
The uptrend is being fueled by the ultra-low interest rates in Japan which is weighing
negatively on the JPY.
That being said, there is a key level at 195.50-196 zone which could offer resistance.
Keep in mind that a vast majority of retail traders as shorting GBP/JPY which means
price can continue to move up as the market usually moves opposite to what the retail
does.
We have not taken any short positions in GJ. We are waiting to see whether price
reaches the 195.50 level. In case of bearish price action, we will sell GBPJPY@195.50-196
with Stop loss above 197 and TP at 190, 185.
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
GBPJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from trendline + institutional big figure 190.000.
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#GBPJPY: Yesterday's idea 200+ pips up| Here is second entry | OANDA:GBPJPY yesterday's idea did the exact same thing as had expected right now the pair is up 200+ PIPS, we are anticipating a small correction in the price, where we think price will bounce back strongly. Wait for price to approach our level and then enter a buy entry accordingly. Remember to use proper risk management and take this idea as bias only. If you do not agree then do not take.
Good luck and trade safe.
GBPJPY I Bearish divergence and overbought I It will rebalanceWelcome 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.
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GBPJPY LONGGBP/JPY Analysis
Target: 195.130
Stop Loss: 189.361
GBP/JPY is anticipated to trend towards 195.130 by month-end, supported by bullish momentum. The stop loss is set at 189.361 to manage potential downside risk. Key factors supporting this forecast include positive sentiment towards GBP and technical indicators signaling upward movement. Traders should monitor for any changes in market dynamics and adjust positions accordingly.
Can GBPJPY correct after months of climbing?After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame.
GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
GBPJPY SELL IDEAGBPJPY is already on a high curve. A leading diagonal is clearly printed. I am waiting for an abc retracement completion to catch an impulse at 0.618 or 0.786 or supply zone. Happy trading!
SHORT GBP/JPY from 189.14I've been anticipating GBP/JPY turning BEARISH for a few hours as we've seen the price push through the 200 EMA on H1 and the WP pivot and the signs are that GBP/JPY BEARS are jumping in.
BEARISH signals include RSI which was 71 but is now 61 indicating a move south and MACD which is lagging behind (as usual) but signficantly not making any more headway north and the fast MA is beginnig to turn south and looks like it will be crossing the slow MA in the next hour or two if the price continues south.
The much under used Andean Oscillator has seen the red SELL line leave zero and begin to climb (now reading .079) and at the same time we are seeing the gree BUY line of the same indicator lose ground though it still remains above the signal line and ideally we would like to see this below.
The 200 EMA and WPP mid pivot now sit above the price so GBP/JPY BULLS will have it all to do to resume travelling north particularly as RSI is still high and the price would be pushing back into over bought territory.
STOP is above the recent highs and target is the band of support at 188.41.
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 Analyisi On Weekly ChartGBPJPY: Navigating the Ranging Channel for Profit
The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel.
Key Observations:
Defined Range: The channel is characterized by parallel horizontal lines acting as support and resistance.
Price Action: The pair has been oscillating between these levels, creating predictable entry and exit points.
Volume: Look for volume confirmation when the price approaches either boundary to validate the range.
Trade Strategy:
Bullish Scenario: Consider a long position near the support level with a stop loss just below it.
Bearish Scenario: Conversely, a short position near the resistance level with a stop loss just above it could be profitable.
Take Profit: Set take profit targets within the range, respecting the historical price movements within the channel.
Risk Management:
Adjustments: Be prepared to adjust your strategy if the price breaks out of the channel, as this could signal a new trend.
News Impact: Keep an eye on economic news and events that could cause increased volatility and potential breakouts.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on the ranging channel pattern, which indicates that the price is likely to continue moving within the established boundaries until a breakout occurs. Monitor the pair closely for signs of a breakout which could indicate a new trend. Happy trading!
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: Our Bias Has changed, We are now targeting 190.00 area.OANDA:GBPJPY price breakthrough and left very strong lows, in our view, price will remain bullish. There are two possibilities at the current area, price can just shoot up to 187-188 price area. Or drop in the region of 180 and then bounce back from there. However, JPY pairs move fast and most of the time when they leave strong lows or highs they create a big move.
For these reason we are bullish.
GBPJPY: Heading towards 192.00 region! GBPJPY made a small correction, price rejected at key level and since then it has been bullish, we can expect price to hit 192.00 as it remain a crucial level to sell. If we looking at the entry criteria we can enter now with 100 pips stop loss and 500 pips tp.
GBPJPY - Potential short ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 190.000.
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GBPJPY I Forecast and Yen Fundamental Analysis 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!
GBPJPYPair : GBPJPY ( British Pound / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Trend Line
RSI - Divergence
Completed " 1234 " Impulsive Waves and Rejection from Fibonacci Level - 38.20%
Bullish Channel as an Correction in Short Time Frame
GBPJPY Long term tradeI expect a general increase in the YEN strength. It's totally oversold and Nikkei index reached a crucial level. I think Japan's will start to reverse the trend soon. I expect a good drop on major XXX/JPY pair, and especially GBPJPY looks ready for a long term sell
