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British Pound / Japanese Yen

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GBPJPY trade ideas

GBP/JPY LONG MOVEEntry: 192.175 Tp 1: 198.432 Tp 2: 205.696 Tp 3: 208.194 We can see a double bottom that price has formed on the daily and 4hr. As you may know the bigger the timeframe the outcome . We can see GBP/JPY clear direction. Notice this pair is also making a W pattern. We will place our entry at the neckline of the w which is 192.175 and set a take profit to the previous HH (Higher high). Be aware to use proper risk management and leverage for this trade will be held for 2-3 weeks.. Follow me @CEEJAYYTRADES Profits!!!
Long
by CEEJAYYTRADES
GBPJPY is in the DOOWNTRENDHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexMasters2000
GBPJPY: UPTREND TRADE IDEAGBPJPY (LONG) Timeframe = H4 Trend = Bullish ENTRY: 193.00 > 193.10 Bullish Targets:- TP1: 193.40 TP2: 195.45 TP3: 198.00 TP4: 204.00 Details:- Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert. The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess. Disparity between implied and realized over the life of the option is a common occurrence and makes FX volatility a tradable asset. Therefore, any implied volatility increase over a key event like the BoE, is also a bellwether for the wider market to see the additional FX volatility that options traders think that event will generate. GBPJPY had good volume and moved well from last 2 days. Exactly on the way as predicted. It will hit a strong resistance level around 193.40 to 195.50. Bearish Target:- 191.0 190.0 Disclaimer: Please be advised that the information presented on TradingView to 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 author 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 provided.
Long
by Intelli_ag
1
Trade Recaps: EURUSD-LONG, GBPJPY-LONG, 23/09/2024EURUSD Bias Analysis: Daily displacement higher out of order block and OTE, with the 4H trending higher presented an optimal alignment entry which aligned with the 1H range for the day. After an impulsive protraction into 1H EPD which was within a 4H OB & 1H FVG, entry confirmation was received and a long position was executed. GBPJPY Bias Analysis: The daily pulled back aggressively into EPD and with a 4H bullish trend prevailing, The market presented a resistance setup which aligned with the 1H range. Also protracting impulsively, price pulled back into confluent 4H & 1H FVG's which were within 1H EPD, meeting trade parameters which led to a long execution once entry confirmation was received. Grade: EURUSD: High Probability GBPJPY: Valid What I did well or could've done better: - Stuck to the plan and executed positions, despite impulsive price action into my entry region. - My take profit order on MetaTrader did not align with how I had frame my position on TradingView. While this led to closing out a larger profit than anticipated (this time), in future, this could lead to TP orders not being filled and walking away with less profit than anticipated.
Long
by The_Modern_Day_Trader
Longs ideal on GBPJPY. Interest rate differentials between these currencies are key when identifying trade setups. Currently, the BOE has a 5% interest rate, while the BOJ has 0.25%. Using our Institutional pairing approach, this indicates a strategy of buying the strongest currency (GBP) against the weakest (JPY). We also consider dollar-based weakness—if the USDX is bearish, we aim to buy the strongest currency against the weakest. This condition is fully present in the current market, meaning we are looking for long positions on GBP/JPY. To support upward price movement, we look for Discount Arrays on higher timeframes (HTF). If I were trading this pair, I’d focus on finding long opportunities from MWD Discount Arrays.
Long
by BullishFX_Consultancy
GBPJPY Technical Outlook - 1-Hour Chart AnalysisKey Analysis and Components: Elliott Wave Structure: The wave count shows an ongoing impulse wave (iii), which peaked near the 190.95 level. Following the peak, a corrective pattern (ABC) has developed. The chart indicates that the current correction may evolve into a larger wave 4 structure, implying that the pair has room to the downside before completing the wave cycle. Wave 5 is expected to follow after the corrective structure finalizes, likely leading to a new upward move unless invalidation occurs at key resistance levels. Sell-Side Wave 4 Projection: The chart marks the start of a potential Sell Side Wave 4 from the W Open line (week's open), further supporting the corrective nature of the current price action. A retracement level of 0.786 Fibonacci (approximately 185.609) has been highlighted as a key support level to watch during this correction. Key Resistance and Invalidation Levels: Key resistance levels are marked at 192.776, which also serves as an invalidation level for the current wave count. If prices move beyond this zone, the present wave count may no longer hold, and a new wave analysis will be necessary. The 1W Close zone around the 192.383 level aligns with the potential end of wave 5, marking an important area for traders to watch. Bullish Order Block: Below the current market structure lies a Bullish Order Block, defined around 184.900-185.500. If prices reach this zone during the correction, a potential reversal to the upside could occur as buyers step in. Volume and Market Profile: The POC (Point of Control), or the highest volume area on the chart, rests near 185.609, coinciding with key Fibonacci levels. This suggests strong support and interest in this area, where a major move could be initiated. Potential Bearish Scenario: The chart outlines a projected bearish scenario if the correction extends further, with possible moves targeting the 189.636 and 185.609 levels. Should prices break below this support zone, it may trigger further selling pressure towards the Bullish Order Block and beyond. The outlined ABC corrective waves support this view, suggesting continued bearish momentum before a potential bottom is formed. Conclusion: The GBPJPY pair is currently in a corrective wave structure following a significant bullish run. The wave count suggests the pair is within Wave 4, which could see prices decline toward the 185.609 support level. Traders should watch for signs of reversal near this zone, as the pair may enter Wave 5 afterward. Invalidation of this analysis occurs if prices break above the 192.776 level. Monitoring volume and key support levels will be crucial in the coming sessions.
Short
by spacedevil
1