GBPJPY.P trade ideas
GBPJPY Long Trade SetupGoing long on Gbp/Jpy, The pair looks like it could continue to move higher especially after opening with a gap. The price action behavior is a bit stiff and this setup does come along with its own risks like the GBP news events today.
Entry: 199.66
Stop: 197.70
Targets: 201.50 & 203.44
Risk to Reward 1:2
GBPJPY - LONG - TREND LINE | BULLISH CONFLUENCES Bearish Indicators
1- Series of HL and HH
2- Market took retracement of Bullish trend line support
3- Market respected Fib-23.60% level
4- Formation of Hammer after retracement depicts continuation of pattern.
Entry Price - 199.460
Stop Loss - 197.931
TP1 - 200.913
TP2 - 202.663
GBPJPYCurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.
GBPJPY UPDATE BUY LAST DAYFX:GBPJPY
Last day i send this analysis. a few hours ago the price riches to the zone that i specified, as i said we have to wait for low time frame confirmation. there is clear and valid confirmation .
CONGRATS TO WHO WAS WITH ME
GBPJPY IS BUYYY RIGHT NEWThe British pound experienced a sharp decline against the Japanese yen during the European session, but U.S. data later drove it into a strong upward trend.
GBPJPY WONDERMAP GBPJPY WONDERMAP
Weekly candle closed bullish, and here’s the plan:
We’re predicting a pullback to:
• H4 RBS
• H1 breakout
• M30 support
From there, we’re looking for lower timeframe continuation buys. Stay sharp and patient for the perfect entry! Let’s ride this bullish wave to the top!
GBPJPY long idea Waiting for GJ to come back into this area to take the LQ for longs.
This should see GJ pushing up higher or back higher
This isn’t a signal just my own trades I’m taking
GBPJPY SELL IDEA!!!!!GBPJPY come down breaking 199.10 - 199.00 then come back and retested 199.30 area and the continued to drop back to the 199.100 area where we should see a continuation drop down to 198.50 -198.00
GBPJPY Support and Resistance Levels: Is 200.50 Within Reach?GBPJPY recently reached a target we discussed a couple of weeks ago, and the bullish trend remains intact above the 197.76 level. The price bounced from this level on Sunday, Monday, and Tuesday. If the price dips to around 198.42 but holds above 197.76, I anticipate bullish traders will likely support the price, aiming to lift it toward the resistance at 199.43. Should the price break above 199.71—the next target at 200.50 may come into play.
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GbpjpyWeakly & Daily Bullish :
4hr &1hr (Demand level + 61.8% fib level + gape
Bullish channel and ultra volume upper trigle line)
previous Daily candle liquidity is still pending
GJstrong momentum. interventions are cooling down. profit taking swing trade for atleast a month or 2. 208 is my target next month and december maybe more. stay tuned. lets go
GBPJPY NEW HIGHER HIGHGBPJPY is still in an uptrend and looking for a new way down ;
some correction for now and a new HH in the next few days, that's what we think, but the ceiling is not really that strong so it could break and go even higher than the upper green line.
long GBPJPYAfter ascending triangle break out and establishing a gap in the early Monday session I prefer to long on this pair with a stop loss below the gap and target price at 208.146 at the previous high on July 2024 could the main profit target
GBPJPY OCT Week 3 Hello peace be upon you.
Small momentum of Bullish is already showed to us.
Take an action
USDJPY Divergance on 4H showing it can give us a setup for shortBuy Stop on on the break of Last Higher Low and Higher High will be the Stoploss
Possibility of correction According to the behavior of the price in the current resistance range, possible scenarios have been identified. As long as the price does not stabilize above the 78.6% level, there is a possibility of changing the trend and starting a downward trend
GBPJPY Bullish Trade SetupLooking to go long on GbpJpy. Targeting the area around 199.18 for 1:1 risk to reward with stops around 195.07.
Alternatively if we break past 199.18 and close above it with confirmation. We may likely see further gains
GBPJPY GBP/JPY Analysis Summary
Technical Analysis
- Trend: GBP/JPY is in an uptrend, with the 10, 50, and 200 EMAs indicating bullish momentum. Price has recently been trading above these EMAs, suggesting continued upward pressure.
- Resistance and Support: Resistance is near 198.80 and 199.35, while support can be found around the 198.00 level, which aligns with the buy zone.
- Indicators: The Squeeze Momentum Indicator (SQZMOM) shows bullish momentum with green bars, but it’s not at extreme levels, indicating a steady rather than sharp increase in buying power.
Fundamental Analysis
- Bank of England (BoE): The BoE has been raising interest rates in response to inflation, supporting a stronger pound. UK inflation has recently slowed but remains a consideration for future policy adjustments.
- Bank of Japan (BoJ): The BoJ continues its dovish stance, with no immediate plans to raise interest rates, as confirmed by BoJ board member Adachi. This policy divergence between the BoE and BoJ favors GBP/JPY long positions.
- Market Sentiment: Traders expect GBP/JPY to maintain an upward trajectory, with some forecasts suggesting it could reach 203 by the end of 2024 if fundamentals remain favorable.
Trade Plan
- Buy Zone: Enter at 198.00 - 198.50.
- Stop Loss: Set at 197.00
- Take Profit:
- First TP: 199.80 (near resistance).
- Second TP: 202.00 (for a more extended bullish target).
This setup leverages the strong technical trend and fundamental support from the BoE-BoJ policy gap. Keep an eye on unexpected policy changes, particularly from Japan.
GBPJPY - LongTook out yesterdays low and now confirming the bullish continuation on the 30 min timeframe. Placed my limited and targeting the previous high of this week.
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
