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GBPJPY trade ideas

GBPJPY H1 | Eyeing a Bearish Continuation?Based on the H4 chart analysis, we can observe that the price is approaching our sell entry level at 194.89, which is a key overlap resistance near the 61.8% Fibonacci retracement. This level serves as a potential reversal point within the ongoing bearish trend. Our take profit is at 193.86, just above a strong support level and the recent swing low. The stop loss is set at 196.28, a pullback resistance 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.
Short
by FXCM
GBPJPY UPWARDS GBP/JPY Trading Signal: BUY Entry Point: 194.70 Take Profit Targets: 1. 195.50 2. 196.00 3. 196.50 Stop Loss Point: 193.10 --- Trading Insights: 1. Continuous Learning: Stay informed and enhance your trading strategies to adapt to ever-changing market conditions. 2. Risk Management: Never trade with more capital than you can afford to lose. 3. Use Protective Tools: Implement stop-loss orders to minimize potential losses and consider diversifying your investments to reduce risks. 4. Set Realistic Goals: Define your profit targets and exit strategies before entering a trade. 5. Stay Disciplined: Follow your trading plan and avoid emotional decision-making. 6. Analyze the Market: Regularly review technical and fundamental data for better insights. 7. Evaluate Performance: Track your trades to identify strengths and areas for improvement. 8. Stay Updated: Keep an eye on global economic events that may affect currency movements. 9. Prioritize Risk-Reward Ratios: Ensure potential rewards justify the risks taken. 10. Practice Patience: Successful trading requires a calm and steady approach, free from impulsive actions. Trading involves risks. Exercise caution and make well-informed decisions.
Long
by EXPERT117Ai
1
GBPJPY 4hr Price action broke the trendline and is now retesting the orderblock level. See how the price will react to the orderblock, I'm also using the 21 EMA as the dynamic trendline if it will respect that too then is possible to open a sell with final target 189.5. Good trade My advice is to open a small position for every trade. Honestly the only way to grow small accounts especially for beginners that allow people to sleep at night. Most of my setup are 1:3 or higher R:R, means you need to be right 1/4 of the times to be profitable
Short
by WBEclipse
GBPJPY Sell/Short SignalWhat I have been marking up for GBPJPY it appears to have pumped a few pips prior to stopping at its main shoulder of resistance. I have been watching key levels for take profits potential here of the levels 192.020, 188.006, and 183.762 for day trades and swing trades. Rejection levels of 199.853 and 198.881 has proven that we are facing a lower high trend rejection for a continuous downtrend for the next few months it potentially has here. I suggest to use proper risk management when entering the trade and to have your stop losses set at 30-50 pips depending where you entered in. You may close when you feel is best to do so on your own. Please message me if you have any questions about this trade! Thanks!
Short
by KingTraderFX
1