GBPJPY.P trade ideas
Waiting for price to reach a zoneI'm neutral on GJ for now, until price reaches one of my zones, we are currently at a resistance zone and i'm waiting for a break and retest
GBPJPY Buy trade activated Oct 25 2024Another simple trade using the knowledge of supply and demand, liquidity capture, london session and new york session. This was an intraday trade -> buy limit using mt4. Always pay attention to the manipulations and Session you are trading, orderflow will always respect the higher timeframe. First analysis of this trade was from Daily structure to 1h structure.
Refinement : Using 15 min TF to find optimal entry.
RR: 6:1
#smarttrading
#supplydemand
SELL GBPJPYIn todays session we are monitoring GBPJPY for selling opportunities, we have our entries at 196.614 and our stops above 197.34, our targets are 194.479 and below. Use proper risk management.
signal sell gbpjpyIn the current conditions, I see a signal to open a sell order in this pair with an attractive medium target when looking at the potential risk and reward ratio
GbpJpyafter a Bullish candles and after a beautiful retracement now its time for a buy, retracement is done at 61.80 fibo zone and create a good support, now lets wait more bullish candles and entry in that point for buy..GL
GbpjpyMonthly Daily weekly Bullish :
Daily( buy level +fvg )
4hr (61.8% fib level + up channel )
1hr (
Demand zone
bullish fvg
liquidity Zone
)
GBP WONDERMAP FOR TODAY GBPJPY WONDERMAP INCOMING!
Daily candle showing strong breakout BUY!
We’re predicting a pullback to H4 support, H1 RBS, and daily breakout—get ready for that continuation buy on the lower timeframes! This is where we take control!
Stay sharp, let’s keep the momentum going, KINGS!!
Falling towards 61.8% Fibonacci support?GBP/JPY is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 195.64
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 193.68
Why we like it:
There is a pullback support level.
Take profit: 198.32
Why we like it:
There is a pullback resistance level.
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GBP_JPY WILL GO UP|LONG|
✅GBP_JPY is trading in an
Uptrend and the pair is
Making a local bearish
Correction towards the
Horizontal support of 196.000
From where we will be
Expecting a further
Bullish continuation
LONG🚀
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Sell GBPJPY @ 198.0 - 198.2💎Sell GBPJPY @ 198.0 - 198.2💎
Wednesday 10/23/2024 08 AM EST
198.6 StopLoss —>
197.95 BreakEven+
TakeProfit 1: 197.8
TakeProfit 2: 197.6
TakeProfit 3: 197.4
TakeProfit 4: 197.2
TakeProfit 5: 197.0
TakeProfit 10: 196.0
TakeProfit 20: 194.0
TakeProfit 30: 192.0
The Wizard 🧙♂️
IDEA GBPJPY LONG POSITION HI TRADERS
Pair : GBPJPY
Position : LONG ( BUY )
Entry Price : 196.700
STOP LOSS @ 196.300
TP 1 @ 197.100
TP 2 @ 197.500
TP 3 @ 178.900 ( Trailing SL )
GBPJPY -LONGBullish Indicator
1- Series of HH and HL
2- Formation of inverted hammer or insider Sbar
3- SUPPORT from trend line
GBP/JPY posible buy set upafter the price brake the big resistance and retrace on anchored vwap and previous brake out and macd volume shows divergent we have lot of chances to continuous the uptrend
GBP/JPY Ascending Channel Formed – Bullish Breakout AnticipatedThe GBP/JPY pair has formed a well-defined ascending channel, signaling potential upward momentum. A bullish breakout is expected as the price tests the upper resistance of the channel. Traders are advised to watch for a strong candle close above the resistance level to confirm the breakout. Volume spikes and a retest of the resistance-turned-support could strengthen the bullish continuation.
GBPJPY OCT 24 pending order sell limit activatedThis trade was established during london and new york session. It is a bit tricky because of the range cause by the london session, respecting demand and supply (5min TF - fractal). The sell limit was activated after certain NEWS during N.Y session. It was then come to fruition after 3hrs.
RR : 7:1
supply and demand zone.
(please check the chart for reference)
GBPJPY Is Nearing Strong Resistance ZoneGBPJPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. In fact, drop from the high is impulsive on a smaller time frame, so it’s wave A that stabilized near 178 support area as expected. As such, current rise is corrective, ideally B wave that can be still in progress as a bigger correction before a continuation lower for wave C. Ideal resistance is at that channel line, from the outside, around 198 – 200 area.
GBPJPY is looking for a higher resistance within wave C of (B) in the 4-hour chart, as it can be now breaking out of subwave »iv« triangle into subwave »v« of C, so keep an eye on next strong 198 – 200 resistance zone, from where bears for a higher degree wave (C) may show up.
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
#GBPJPY: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS**
Dear Traders,
I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market.
However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market.
Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry.
Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice.
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Best regards,
Team SetupsFX_
GBPJPY - Look for Continuation Long (SWING) 1:4!GBPJPY isn’t showing any signs of reversal yet, especially following the election of Japan’s new PM and the recent BOE decision to maintain interest rates. Technically, the price appears to be forming a symmetrical triangle, suggesting a potential breakout from the resistance trendline. If confirmed, this could propel the price to the next Supply Zone on the higher timeframe.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPJPY Will Collapse! SELL!
My dear followers,
This is my opinion on the GBPJPY next move:
The asset is approaching an important pivot point 196.90
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 195.84
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
