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GBPJPY trade ideas

GBPJPY bearish for 150 pipsIn a bearish trade setup on GBP/JPY with a 150-pip profit target and a 50-pip stop loss, you’re aiming for a reward-to-risk ratio of 3:1. This means that for every 50 pips you risk, you’re potentially gaining 150 pips, which is a favorable setup. Here’s a detailed breakdown of this trade idea: 1. Setting the Profit Target (150 Pips) A 150-pip profit target is quite common in GBP/JPY due to its volatility. This target should be set near a significant support level or other technical factors such as: A previous major swing low. A Fibonacci extension level (like the 127.2% or 161.8%). A psychological level or round number (e.g., 180.00, 179.50). GBP/JPY often moves in wide ranges, so a 150-pip move in a single trading day or session is realistic, especially if the market is trending strongly. 2. Defining the Stop Loss (50 Pips) A 50-pip stop loss should ideally be placed above a significant resistance level: A recent swing high. Above a key moving average (such as the 50 or 100 MA on the 1H or 4H chart). Above a Fibonacci retracement level (such as the 38.2% or 50% retracement of the latest downtrend). You want to make sure the stop isn’t too tight, giving the trade some room to breathe, but also protecting you in case of a reversal.
Short
by LORDOFTHETRADERS
GBP/JPY Technical Analysis Looking at the 30-minute chart, GBP/JPY is showing some interesting movements. Trend Structure: After a period of consolidation, the pair broke out of a descending wedge pattern. The price tested the upper boundary near 195.602, which appears to be a key resistance level. We could see some retracement here before a continuation of the upward trend. Fibonacci Levels: The retracement zones are well-defined using Fibonacci levels. The price may pull back to one of the key Fib levels, such as 38.2% (194.712) or 50% (194.718), before resuming its bullish momentum. A deeper pullback could reach 61.8% (194.352), which aligns with another strong support area. Support and Resistance: Key horizontal support levels lie around 194.752, 194.250, and 193.832. These levels are marked by green zones on the chart. The price will likely test these areas if a retracement happens before potentially bouncing back up. MACD Indicator: The MACD shows signs of weakening bullish momentum, with the MACD line starting to flatten. This could signal a short-term pullback, aligning with the potential Fibonacci retracement mentioned earlier. Next Steps: If the price manages to hold above the 195.185 resistance level after a possible pullback, it could break through and target new highs, potentially testing 195.602 again and higher levels. However, a failure to hold these levels may lead to further declines towards the 193.832 support zone.
Long
by AEL_Education
GBP/JPY Analysis - Rebound Strategy We're currently seeing a potential rebound setup on the GBP/JPY pair with key levels to watch: 1️⃣ Short-term resistance around 194.800: After a significant upward movement, the price seems to face resistance here. A retracement to the support zone could be expected. 2️⃣ Support around 194.250: If a pullback occurs, this area could serve as a strong entry point for a bullish rebound, supported by the ascending trendline. 3️⃣ Potential targets: If the support holds, we may see a gradual rise toward resistance levels at 194.800 and 195.122. 📈 Bullish scenario: If the support holds, we could aim for higher levels as mentioned above. 🔻 Watch out for sellers: If the support breaks, we might see a decline toward the lower zone near 193.744.
Long
by AEL_Education
2
GBPJPY Will Go Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 194.510. The above observations make me that the market will inevitably achieve 193.839 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBP/JPY H4 | Rising into multi-swing-high resistanceGBP/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 195.61 which is a multi-swing-high resistance. Stop loss is at 196.35 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance. Take profit is at 193.63 which is a multi-swing-low support. 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. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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 Pull back signalGBPJPY is trading on a Channel Up but has turne sideways recently, indicating a potential top. The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023. The similarities between the two patterns are strong. The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade. Trading Plan: 1. Sell if the MA200 (1d) breaks. Targets: 1. 188.600 (above the 0.786 Fib). Tips: 1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal. Please like, follow and comment!!
Short
by TradingBrokersView