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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY View!!FX volatility is a key, yet unknown parameter of an FX option premium, so dealers use implied volatility as a stand in. If actual volatility matches implied volatility over the life of that option it should cover the premium, with the disparity potential making FX volatility a tradable asset. Implied volatility therefore represents the expected realised volatility and should demand additional premium if its expiry includes a high volatility risk event, such as an election. Historic volatility is actual/realised volatility over a particular time frame in the past and can provide a fair value measure upon which to gauge implied volatility.
Long
by FXBANkthe8055
Get Ready to Profit with GBP/JPY Trade: Comprehensive Analysis ooin us to explore a new trading opportunity in the GBP/JPY currency pair. In this comprehensive analysis, we'll take a look at key technical indicators such as RSI and MACD, along with monitoring fundamental economic events impacting the markets. Whether you're a beginner or a professional trader, we'll provide well-researched recommendations to help you make informed trading decisions. Don’t miss out on diving into the trading world and discovering effective strategies for profit. Click here to start your journey towards trading success!
Short
by tickmill9
4
GBP FOREX FACTORY CHARTWe were looking through a simple strategy for beginner traders to follow. We Decided to lok at GBP pairs for market structure to see, if we have a sell or a buy. The team determined the market was going to go into a bearish trend based on the news we seen and the structre of the market. ( this chart is to serve as a demonstration, if the market were to go into a sell what would happen, because it was the weekend we couldn't actively test the theory. { Long Weekend}) CAP DETECTORS: - Tatiana - Rita - ROSE - Amilia
Short
by GQJOHNWICKCHARTS
GBPJPY: A Potential DowntrendThe major supply zone has been tested several times and appears to be holding, suggesting that sellers may soon take control. The price recently dipped into a minor demand zone around 193.700 and bounced back. I anticipate selling will resume after this brief retracement. As always, patience is key—we need to wait for a clear trade setup to develop on the M15 timeframe before executing. If price breaks the minor zone at 193.700, it will likely move to the next one at 193.000 with ease. Let’s see how this trade idea unfolds.
Short
by shidiq
2
GBPJPY OverviewLooking at the GBP/JPY chart, it seems we’ve hit a point of interest after a bullish move, and price is showing signs of a potential reversal. The structure around this area is interesting—there’s a clear Break of Structure (BOS), followed by a shift that suggests sellers might be stepping in. The market appears to be losing bullish momentum as it approaches the 195.032 level, and I’m expecting it to pull back. I believe that the price could retrace downwards towards the support zone marked around 193.800. If the current resistance holds, we might see a bearish move in the coming sessions, and price could make its way back to test the support area. If price respects that level, there may be an opportunity to go long again, but for now, I’m looking for a potential short setup from this resistance zone. We’ll need to keep an eye on the price action around these key levels to see whether this scenario plays out as expected.
Short
by Astonstevn
GBPJPY - October 24 Price Prediction - LongHello Everyone, With price currently on GJ being squeezed around the 195 levels, it is inevitable we will get a breakout one way or the other. However, l feel the breakout to the upside, why? Volume & Liquidity - The area of 195 has been tested and with each retracement it has reduced in distance, simply, as this level has been repeatedily tested the shorts orders are reducing. Meaning when we get another touch, the bulls with most likely have more pressure to break through that level. JPYBASKET - The JPYBASKET last week broke the daily lows of 6,480 and has not been able to break 6,500 OB. If price rejects the 6,500, we can easily see price hit the first OB drawn out. The downside potential is large on JPYBASKET if it holds 6,500 and that where my second long target comes from. Fundamentals - The United Kingdom and there first labour government of 14 years will be announcing there first budget on the 30/10/2024, this will detail any tax increases/reductions, public spending and current economical situation. I believe it to be bearish for the GBP, so price will be driven as high as possible to maximise shortfall. I have entered at Long at 194.500 with an SL at 194, 200 (30pips) Goodluck and comment down below your thoughts.
Long
by LewisFXBlue
GBP/JPY H4 | Approaching 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 195.32 which is a multi-swing-high resistance. Stop loss is at 196.14 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 that aligns with the 50.0% Fibonacci retracement 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. 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
1
GBP/JPY Short Setup - 1H TimeframeI'm Looking to short GBP/JPY from the 195.15 resistance level, with a Stop Loss at 196.20 to account for potential spikes above the recent highs. My strategy includes moving the Stop Loss to breakeven (SL to BE) once Take Profit 1 (TP1) at 194.08 is hit to lock in some profits safely. The trade includes multiple Take Profit (TP) levels: Take Profit 1 (TP1): 194.08 – I’ll move my SL to breakeven once this level is hit, reducing risk and locking in the position. Take Profit 2 (TP2): 193.35 Take Profit 3 (TP3): 191.97 This setup allows for a favorable risk-to-reward ratio, especially if the pair respects the resistance level and follows through with a reversal. The Stop Loss is placed to protect against potential bullish continuation if the market breaks the current structure.
Short
by PipShiesty
#GBP/JPY 4HThe GBP/JPY 4-hour chart is showing the formation of a triangle pattern, which is typically a continuation or consolidation pattern. This pattern suggests that the market is experiencing a period of indecision, as buyers and sellers battle for control. In this case, we are seeing lower highs and higher lows converging into the apex of the triangle, indicating that the price is squeezing into a tighter range. Forecast: Sell Given the overall market sentiment and technical analysis, a **bearish breakout** from this triangle pattern is anticipated. If the price breaks below the lower trendline of the triangle, it could signal a strong selling opportunity. Key factors supporting this sell forecast include: 1. Downtrend Continuation: If the previous trend was bearish, a breakout to the downside aligns with the continuation of that trend. 2. Volume: A spike in volume upon the breakout is expected to confirm the sell signal. 3. Key Support Levels: Watch for the price to test and potentially break key support levels after the breakout. It's important to set proper risk management levels, including stop-loss orders just above the upper trendline in case of a false breakout, and to monitor the market for any significant news events that may impact the currency pair.
Short
by PIPSFIGHTER
1