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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY - Look for Continuation Short (SWING) 1:6.7!The market is clearly shifting, with bears taking control. We just need to wait for the price to reach the right zone for a continuation toward the nearest demand zone to secure profits. Let's see how the market reacts to this zone. 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!
Short
by S-Fx_
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 190.100 to 190.175, respectively, is highlighted. Things I Have Seen👀: Important Support Zone🟢: Identified between 190.100 and 190.175 serving as a low-risk sell. Bearish Targets📉: 189.750: Possible retracement area. 189.500: Possible retracement area. 189.250: Possible retracement area. 189.000: Possible retracement area. 188.500: Possible retracement area. 188.300: Significant supply zone. 188.090: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
GBP/JPY SELLIG ZONE TARGET 187.928GBP/JPY is experiencing a strong selling trend, with a potential target of 187.928. Here are some key points supporting this target: HELLO TRADERS WHAT YOU THINK GBP/JPY - Downward Channel: GBP/JPY is trading within a downward channel, indicating a strong bearish trend. - RSI Indicator: The Relative Strength Index (RSI) is below 50, confirming the bearish momentum. - Support Turned Resistance: The previous support level at 190.50 has turned into resistance, adding to the downward pressure. To maximize your gains, consider: - Take-Profit: Set your take-profit around 187.928 to lock in profits. - Stop-Loss: Place your stop-loss above 190.50 to limit potential losses. Keep monitoring the market and adjust your strategy as needed.
Short
by Geroge_Fx
GBPJPY - Bearish OpportunityThe exogenous, endogenous, and leading economic indicators are decreasing for the pair GBPGPY. The COT report also shows that Net Non-Commercial positions are decreasing for GBP and increasing for JPY. One major factor is interest rate differential as GBP is decreasing interest rates while JPY increasing interest rates. While looking technically, GBPJPY is in a bearish trend making LLs and LHs. Look for entry at the current price and place the SL on the previous 4H LH.
Short
by MasoodAnsari
GBPJPY potential longAfter a sharp move up form the discount zone and now consolidating on a FAG there is a strong indication that pair will move up before turning down to follow the overall down trend. Suggestion is wait for a further confirmation by letting the pair break past the PWL level & enter on the pullback & trail stop it to TP1 If price breaks past TP1 level wait for a pullback into the orderblock to enter again before holding for TP2 Since the overall trend is down trade with caution and move your stop loss to breakeven when allowed then trail stop
Long
by bethalldaybae