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British Pound / Japanese Yen

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GBPJPY trade ideas

gbpjpy overall top down analysis with 15 minute sell scalp takentoday we looked into GBPjpy overall setup from daily to 5 minute chart. we ended up taken a short sell scalp which moved directly into profit . this was a scalp but overal GBPjpy we are bullish . but in order for out analysis to play out we further need to provide price with enough room to break leading to us taking a short less scalp while price delivery takes us directly to our point of interest . higher time frame - bullish short time frame - sell scalped until our point of interest
Long
by charterprice
2
GBPJPY risky sell, aggressive stance on rate cut?Why are we taking this sell even though the trend is bullish? "Bank of England rate-setter Megan Greene suggests that future rate cuts could boost consumer spending in the UK, potentially stimulating the economy. However, she remains cautious about rushing into a faster rate-cutting cycle due to uncertainties around how households will react. With inflation risks still present and consumer spending lagging compared to the US, the outlook for GBP remains uncertain. Traders should watch for any signs of the BOE taking a more aggressive stance on rate cuts, which could impact GBP/JPY movement in the coming weeks." If BOE does take more of aggressive stance expect this to play out
Short
by Eleazarahmath
GBPJPY - 4hrs ( Buy Trade Target Range 280 PIP )🟢 Pair Name : GBP/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Break Out Done Type : Mid Term Swing ——————————— Bullish Break 195.700 Area Reasons - Major Turn level / M - Visible range Lvn - Triangel Pattern - Fibo Golden - week High Area - Choch Zone Bearish Reversal 198.850 Area - Major Turn level / D - Visible range hvn - FIbo Golden Zone - Quarters High Area - Choch Zone
Long
by GoldenEngine
7
GBPJPY: Medium term correction.GBPJPY is bullish on its 1D technical outlook (RSI = 59.018, MACD = 1.270, ADX = 45.334) but on a decreasing rate as the aggressive rise has taken a pause and the price, despite inside a Channel Up since August, has turned sideways since October 4th on the 4H MA50. We expect the bearish wave of the Channel Up to start any day now. Even though the previous targeted the 0.618 Fib, we will aim for the 0.5 this time (TP = 190.000) as the decline may start a little higher than the current price. Keep in mind that the best trigger to sell will be a 1D MACD Bearish Cross. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
JPY is going to be stronger in future-Elliot Wave AnalysisAs we see the price has completed its recent cycle on 11 July, 2024. It is now in a major correction where the wave 'A' is already formed. Now the price is forming the wave 'B' and its minimum destination is 61.80% After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 175 zone. The more days are passing by, selling opportunity is emerging. So be patience and enter into the market with confident.
by mamnunamalik
5