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GBPJPY trade ideas

GBPJPY My ViewGBPJPY - Bullish Buy on Support The strategy focuses on taking a bullish position on GBPJPY, with the goal of buying at key support levels as the pair shows strength. The idea is to enter long positions at every opportunity where the price bounces off established support zones, anticipating continued upward movement. Trade Setup: Buy on every confirmed support level, especially after price shows signs of holding above these areas. Look for bullish price action such as a candlestick reversal pattern, or indicators like RSI or MACD showing bullish momentum. Target: Hold positions for a longer-term rally, targeting higher resistance levels or key price zones where the pair has historically reversed. Stop-Loss: Place the stop-loss just below the support level to manage risk in case of a breakdown. Timeframe: Suitable for traders with a medium-to-long-term outlook, seeking to capitalize on each support bounce. Disclaimer: Always ensure to manage risk effectively, and consider market conditions before entering trades.
Long
by vpktrades_2024
GBP/JPY Mid Term after a strong fight with the JPYHi again guys, we are looking into our next fantastic opportunity which this time will be more Mid Term as development. We will check out the GBP / JPY which has been extremely bullish for an extended period of time, but as we have seen the past couple of weeks since the beginning of November until now that the price has significantly dropped down. Currently as I showcased on my technical analysis it has reached a previous Strong Resistance Line which has been tested a few times and it became a Strong Support Line , so this is why my analysis is showcasing a reversal of the downtrend into an uptrend. Current entry description - entry 191.550 Target 1 : 193.765 Target 2 : 196.015 Target 3 : 199.850 Keep in mind that we have had high volatility with the JPY pairs so you can be cautious and have your entry after the first target has been reached so you have the necessary confirmation! Happy trading!
Long
by DG55Capital
GBPJPY POSSIBLE SELLThe market is currently testing the current Daily 0.618 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
GBP/JPY at Crossroads: Strong Bearish Signals EmergeThe GBP/JPY chart indicates a potential bearish outlook based on the following key observations Downtrend Line Resistance: The pair has recently struck a descending trendline, reinforcing downward momentum. This resistance is a significant psychological barrier. Proximity to Support Zones: While support exists, price action failing to rebound strongly suggests weakening buyer interest. Lower High Formation: Consistent formation of lower highs aligns with bearish sentiment. Volume and Candlestick Analysis: If bearish candlesticks like engulfing patterns form near the trendline, it may confirm further downside. Further confirmation could come from a breakdown of marked support levels.
Short
by Bitcoin_King01
GBPJPY H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 195.94, which is a pullback resistance close to the 78.6% Fibonacci retracement. Our take profit will be at 193.91, an overlap support level. The stop loss will be at 197.94, a pullback resistance that aligns with the 78.6% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPJPY Trendline Breakout , All eyes on BuyingHello 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
by ForexMasters2000
GBPJPY Potential for LongsPrice is testing the final trend line resistance and has managed to breakout and close above the minor bearish structure on smaller timeframes. We have an inverted H/S formation on the 4H timeframe. There's a good chance price will continue to move higher from here and around the neckline of the inverted H/S price has enough support to bounce should we retest the support below. Entry: 194.00 Targets: 197.50 & 201.10 Stops: 190.50 Risk to reward ratio is 1:2.
Long
by Trader_97
December 11 2024 - Buy Limit Activated GBPJPY TRADEAs I checked one of my favorite pair in forex, I noticed that gbpjpy moving a bullish direction. One thing is certain here I will ride the pullback if supply was introduced in this market aiming for buy limit pending order in important swing low with demand. If you will noticed my chart during london session supply was introduced to mitigate Demand zone with validity. I like to trade demand and supply area with "PROOF". Please check my charts for additional information. RR: 1:4 Intraday (London-New york Session ) ATR: during that time = 10 #wyckoff #supplyand demand
Long
by glyrad
GBPJPY H4 I Bullish Bounce Off?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 192.18, which is a pullback support. Our take profit will be at 193.90, an overlap resistance close to the 61.8% Fibo retracement and the 78.6% Fibo projection, indicating a strong level of resistance. The stop loss will be placed at 190.18, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBPJPY H1 ANALYSISGBP/JPY Analysis: Rising Wedge Pattern Detected A rising wedge pattern has been identified on the GBP/JPY chart, indicating a potential reversal in the upward trend. This pattern suggests that the pair may experience a bearish breakout. Key Levels: - Resistance: 194.774 - Support: 191.500 Recommendation: Caution is advised, as a bearish breakout may occur. Consider short-term sell positions or hedging strategies to mitigate potential losses. Best Wishes Tom 😎
Short
by Tom_Trades_670
GBPJPY - Here's The Big ShortAfter unexpectedly high inflation figures from Japan, GBPJPY offers a chance for your big short: On the daily chart, we see a clear rejection at the 50% Fibo retracement of the last downward move. From this we derive price targets at least in the area of the lows from September 2024 - a move of 1000 points! I do not know whether this short will work. What is clear, however, is that the bears now have the upper hand again and the technical situation suggests that the lows will be approached.
Short
by Ochlokrat