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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPYAs per our last mind we asked you guys which pair you want and analysis for. The public has asked for GBPJPY . Here is our view. As of now, GBPJPY is sitting at our PBA 2 (Pullback Area). If we break above 193.290 (October 1st highs) we will continue to the upside . However , If we break below our PBA 2 192.000 , we could see a downside move to our PBA 1 . Breaks below could also result in lower prices. We advise you not to enter in any trades until breaks of either 193.290 or 192.000 . We will send out the update once a break happens. KEY NOTES - GBPJPY has fallen to our PBA 2. - Important levels to break are 193.290 or 192.000. - Break above 193.290 would confirm higher highs. - Break below 192.000 would confirm lower lows. Happy trading! FxPocket
by FxPocket
2
GBPJPY Oct 4 2024 pending buy limit activatedDetailed entry on GBPJPY maximizing liquidity grab. :) This trade was taken during N.Y session of Oct 3 2024. I set pending buy limit because I saw Slow motion while approaching fair value gap (see charts arrow) . As I go to my fundamentals i saw an important NEWS --> NFP USD. Anticipating large momentum because of the demand introduced this week. This trade was a success, years of learning and charts behavior observation. Trade with confidence and patience. :) Have a great day folks! #wyckoff #supplyanddemand
Long
by glyrad
GBPJPY Will Move Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 17h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 192.985. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 188.232 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
The Geppy GBP/JPY long callCurrent Price: 192.862 Buy Zone: After closing above 195.971 Stop-Loss: 189.488 Target: 205 Analysis: Parallel Channel: GBP/JPY is trading within a parallel channel, indicating a structured range between support and resistance. This suggests the market is respecting these levels, and a break above the upper trendline (195.971) would confirm the bullish breakout. Fibonacci Extension: Using Fibonacci levels as a tool to project future price movements, the extension aligns with the 205.161 target, a significant level based on the projected price move. This target could coincide with key resistance levels. Risk/Reward: With a stop-loss at 189.488 and a target of 205, the trade offers a favorable risk-to-reward ratio, ensuring good potential profits relative to the risk.
Long
by PMEXSCS
2
GBPJPY BULLISH VEIWDISCLAIMER: The info provided below is just my personal view trade at your own risk. FUNDERMENTAL The Japan pm changed the market view by saying that the yen is not expected to hike rates hence the decline of the yen this week Wednesday TECHNICAL The GJ has been quite bullish over from a HTF view with Wednesday and Thursday giving us a pullback. The previous weeks low has been swept and since we are bullish the next DOL is the previous weeks high The weekly volume activity (accumulation) is on point with the NFP data
Long
by Kush0
GBPJPY,15M LONG IDEA(RRR= 1:4) 300 PIPSGBPJPY is technically bullish, after witnessing a weak pound yesterday, today the Great Britain pound is expected to make some recovery, and I am anticipating a stronger pound after the NFP today. However, my analysis is purely technical. On 15m chart, GBPJPY has bounced off a fair value gap, and am projecting a surge in price to the previous higher high at 194.500. Therefore, am bullish on this pair and have taken my long trade at 192.117, with my target at 194.452, and my stop at 191.732. Apply proper risk management, remember risk management is our SUPER POWER HERE. Let me know your thoughts in the comment section, like and share..
Long
by TheForexDon
GBPJPY Down? - (Update)GBPJPY . Potential short opportunity. This is an update on the previous analysis we have posted. We have been waiting on the break of our 192.000 level since our yesterday’s analysis. We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000 . Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590 . Our TP (Take Profit) is at 188.055 . PARAMETERS - Entry: 192.000 - SL: 193.590 - TP: 188.055 KEY NOTES - GBPJPY has broken below our PBA 2. - Break below 190.000 would confirm our sells - Break above our SL would result in higher highs and invalidate the trade idea. Happy trading! FxPocket
Short
by FxPocket