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Gbpjpylong

Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle. Target Levels: 1st Resistance – 195.76 2nd Resistance – 196.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
30
GBPJPY - Potential short !!Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 196.000. Fundamental news: Next week on Thursday (GMT+2) we will see results of Interest Rate on GBP and JPY, news with high impact on currencies. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Bullish Opportunity in GBP/JPY? Strategy Using Fibonacci and RSIHey traders! Today, I’m excited to share an interesting trading opportunity I spotted on the GBP/JPY pair in the 30-minute timeframe. The price is currently respecting the 50% Fibonacci retracement level at 190.752, which is aligning as a strong support zone. Additionally, the RSI is sitting at 43.80, suggesting there’s still room for an upward move before hitting overbought levels. On top of that, the ascending trendline is holding steady, giving further confluence for a potential bullish setup. Here’s my plan: - Stop Loss: Below 189.729, which is a key support zone in case the price breaks lower. - Take Profit: First target at 191.385, with a potential extension to 192.419 if momentum continues. The key here is to wait for confirmation! Ideally, we’ll see increased volume or a strong bullish candle to validate the entry. Remember, proper risk management is essential. What do you think of this setup? Drop your thoughts in the comments, and don’t forget to like and subscribe for more trading insights! See you in the next idea!" Disclaimer: This Idea is for educational and informational purposes only and does not constitute financial advice. Trading in financial markets carries significant risks, and it is important to conduct your own analysis before making any investment decisions. I am not responsible for any losses incurred from your trades. Always trade with proper risk management.
Long
by MetalsMine
GBPJPY, possible outcomes?A quick outlook on GBPJPY . Potential opportunities. GBPJPY is currently trading at around 191.000 . We are looking at two possible outcomes on this pair. We are still in a downtrend on HTF (Higher Time Frames ). However if we start breaking above 191.500 we could see a reverse happening on the pair. Scenario 1: SELLS at the break of 190.400 . We broke 190.400. That would confirm sells and we could continue the downtrend and target previous lows sitting at around 188.000 flat. Scenario 2: BUYS at the break of 191.500 . We broke above 191.500 confirming the bullish flag we had on H1 and we could start reversing on GBPJPY . We would be targeting higher levels sitting at 192.500 and higher at 193.300 . Personal opition: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at the break of 190.400. On the other hand a safe buy trade could be taken at the break of 191.500. We are more on the buy side at the time of writing this. Be patient and stay tuned for updates on this pair. KEY NOTES - GBPJPY is in a downtrend on HTF however it’s showing signs of a possible reverse. - Breaks above 191.500 would confirm buys. - Breaks below 190.400 would confirm the trend continuation and further sells. Happy trading! FxPocket
by FxPocket
#GBPJPY 4HGBPJPY 4-Hour Analysis The GBPJPY pair has recently broken above a key trendline on the 4-hour chart, indicating a shift in momentum to the upside. However, to confirm the breakout's validity, it is advisable to wait for the price to retest the trendline, which may now act as a support level, before entering a buy position. Technical Outlook: Pattern: Trendline Breakout Forecast: Bullish (Wait for Support Touch, Then Buy) Entry Strategy: Buy on a successful retest of the trendline, supported by bullish price action signals. Traders should watch for confirmation from bullish candlestick patterns, such as a bullish engulfing, or indicators like RSI and MACD showing upward momentum. Place stop-loss orders below the retested trendline to manage risk effectively. Target higher resistance levels for potential gains.
Long
by PIPSFIGHTER
GBPJPY _ BullishWe’re bullish on GBPJPY as the pair continues to demonstrate strong upward momentum supported by technical and fundamental factors. Entry Level: 191.000 This level serves as a key zone of confluence, indicating a potential shift in market sentiment. It aligns with previous support, offering a favorable risk-reward entry point for buyers. Target: 198.500 Our target range is strategically positioned at 198.500, reflecting the potential completion of the ongoing bullish trend. This level is backed by historical resistance, a Fibonacci extension zone, and other key technical indicators suggesting a probable reversal zone. Analysis Overview: Trend: The pair remains in a strong uptrend, supported by a bullish market structure on higher timeframes. Support & Resistance: The 191.000 level represents a significant support zone, with 198.500 being a critical resistance level to watch. Fundamentals: Favorable conditions in the GBP and JPY economies further reinforce the bullish outlook, including risk-on sentiment driving JPY weakness. Technical Indicators: Momentum indicators, such as RSI and MACD, confirm bullish divergence, adding strength to this setup. Risk Management: As with all trades, proper risk management is key. A stop-loss is recommended below the 189.500 level to mitigate potential risks if the market moves against our analysis. Disclaimer: This is not financial advice. Ensure you conduct your own analysis and consider market risks before entering a position. Let me know if you'd like this tailored further!
Long
by vpktrades_2024
1
GBPJPY Bank of Japan (BoJ) that issues statements and decides on the interest rates of the country. Its Governor is currently Kazuo Ueda. The BoJ has been applying very low interest rates for many years and even introduced a negative interest rate in January 2016, in an attempt lift consumer prices, which have been sliding for most of the past 20 years. Falling consumer prices is a concern for the country since they hurt corporate revenues and tend to stop spendings. The Japanese Consumer Price Index (CPI) is a key indicator closely monitored by traders of all JPY-related currency crosses.UK Government and its Prime Minister, Rishi Sunak who took office in October 2022, a day after becoming leader of the Conservative Party.
Long
by KingForex078
ICT Long Setup GBPJPY👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Long setup in GBPJPY for session trade (a couple of days) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
Don't miss the great SEE Opportunity in GBPJPYGBP/JPY pair on the 4-hour timeframe with a few important technical zones highlighted: 1. **Supply Zone (Red Zone at the top)**: This red box represents a supply zone where previous selling pressure occurred, causing the price to reverse downward. It is likely a resistance area where price may encounter sellers if it revisits. 2. **Demand Zone (Blue Zone at the bottom)**: The blue box at the bottom represents a demand zone where buying interest previously pushed the price higher. This is likely a support level where buyers might step in if the price retraces back to this area. 3. **Expected Price Movement (Black Zig-Zag Line)**: The zig-zag line indicates a potential short-term pullback within the current trend. It suggests that the price may initially move lower before reversing and moving up towards the green target zone. 4. **Entry and Target Levels (Green Zone)**: The green box represents a potential long trade setup. The entry zone appears to be around the lower limit of the green box, which is approximately 196.250, with a target level towards the top of the green zone near 198.850. 5. **Change of Character (CHoCH)**: The label "CHoCH" marks a potential reversal in trend, signaling that the downtrend could be ending, and an upward move might be likely if price reacts favorably in the demand zone. 6. **Break of Structure (BOS)**: The label "BOS" indicates that the price structure has shifted, which often implies a potential change in the trend or a breakout from previous price levels. ### Summary Based on this setup, the analysis suggests waiting for a pullback to the demand zone around 196.250, where a buy entry could be considered. The price target for this setup appears to be near 198.850, with a stop-loss likely below the demand zone to limit downside risk.
Long
by forexcitysignal
1
GBPJPYGBPJPY . Potential long opportunity. Yesterday we have called buys during Asian Session . We are now waiting on a clear break of our KL (Key Level) 198.360 for potential buys . We are still extremely bullish on GBPJPY . Our main target now is to break 199.800 which would confirm our continuation buys. BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market. KEY NOTES - GBPJPY has broken below our KL (Key Level) 198.360. - Targeting 199.800 break for continuation buys. - BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market. Happy trading! FxPocket
Long
by FxPocket
2
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44 Target Levels: 1st Resistance – 199.20 2nd Resistance – 200.20 Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
11
GBPJPY ANALYSISHere is our overall view on GBPJPY . After GBPJPY has made a pullback down to our PBA 1 (Pullback Area) , we are seeing more upside on the chart. At this moment we are still extremely bullish on GBPJPY. We are anticipating buys if we break above 199.180 . On the other hand, if we break 197.540 we could go back to our PBA 1 and if we break below, we could see even lower lows . As of now there is no clear indication for buys or sells. We are only entering in the trades if following has happened: Scenario 1 : breaks above 199.180 Scenario 2 : breaks below 197.540 We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY has made a pullback to our PBA 1. - Break below 197.540 would confirm sells down to our PBA 1 around (195.800). - Break above our KL (199.180) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. Happy trading! FxPocket
by FxPocket