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British Pound / Japanese Yen

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GBPJPY trade ideas

Weekly Forecast - Spoilt for choice with opportunity this weekWill the dollar correct higher or is the correction done and we're about to sell off aggressively? I'm more in favor of the former which would correlate structurally with the daily pullbacks we're seeing on EurUsd and AudUsd, which have formed 1H ranges respectively and are pending EPD mitigation for a sell off. After missed trades on Yen pairs today, I'll be looking for consolidation over Asian session before a continuation of the bearish momentum during London or New York session tomorrow (10/09/2024).
Short
by The_Modern_Day_Trader
British Pound Japanese Yen (GBP/JPY) - 09/09/2024GBPJPY - 09 Sept 2024 Analysis: 1. Market Behavior: - GBPJPY typically moves from zone to zone - Respects 4-hour structure points 2. Trade Opportunity: - Sought selling opportunity at London open - No bearish signal observed, resulting in no trade execution - No setup = No signal = No trade - Strong bearish candle closed before New York open (30-minute timeframe) 3. Entry Criteria: a) Enter on a wick up at New York open b) Enter on a break of the previous candle's low 4. Execution: - Opted for entry on break of previous candle's low - Uncertain about New York session's initial wick up as it wasn't at structure point. (A bearish signal at the zones could have justified entry on the wick up.) Result: - Successfully executed a 3R:R trade Lessons: 1. Patience in waiting for clear setups pays off 2. Flexibility in entry strategies based on market conditions is crucial 3. Importance of having predefined criteria for trade execution
Short
by arpitdahal
1
GBPJPYJen zit er bearish uit voor deze week. Ik verwacht dat we alle liq. gaan ophalen. ik kijk daarom naar twee long entrees. 182.838 of 180.156. We hebben namelijk oplopende liq achter gelaten en die hebben we nodig voor de volgende move omhoog. Voor nu kijk ik alleen naar short met je sl boven de open liq. die op 189.83 zit. woensdag kan deze worden uitgenomen met een spike om vervolgens naar beneden te gaan. Want we trekken nu allemaal sellers de komende dagen en die wil je uitwicken voordat de move verder omlaag gaat. Je wil niet dat hun voordeel hebben van de sell druk. ---------- Jen is bearish for this week. I expect we will collect all liq. so I am looking at two long entries. 182.838 or 180.156. We have left rising liq behind and we need that for the next move up. For now I am only looking at short with your sl above the open liq. which is at 189.83. Wednesday this can be taken out with a spike and then go down. Because we are now attracting all sellers in the coming days and you want to wick them out before the move goes further down. You don't want them to benefit from the sell pressure.
Long
by Ghost-Feed
1
End of an eraHello, Long term wise, BoJ have so much room to hike rate, after almost a decade of low interest rate, while this shift is happening in reverse for the west, i'm expecting long term for the JPY to double in value, so i'm very bullish on JPY. While the west is going the other way, they also have so much room to get their rate much lower than the actual one, intraday day fluctuations are hard to predict, this is why i only swing trade, I have a place I believe the JPY will get, I enter and wait, if it doesn't go this way, you close for a lose, re assess and move on. But that is my 2 cents prediction for this pair, GBP and USD going lower against JPY, eventually in 1 year it will be much clearer, in the meantime i'm only interested in short.
Short
by marouuuuuun
EJ & GJ: Preparing for a Bearish Move This Monday! Join me as I dive into my trading strategy for the upcoming week, focusing on EJ and GJ for a potential bearish move this Monday, September 8th. In this video, I’ll share my narrative and analysis to help you capitalize on price movements, even on typically slow Mondays. Whether you’re a seasoned trader or just starting out, I’ll provide insights and tips to execute your trading plan effectively. Don’t miss out on this opportunity to enhance your trading skills and make informed decisions! Subscribe for more trading strategies and live updates!
Short
by superlegit
1
GBPJPY Trade Update - Pre NFP Trade IdeasBias Analysis: 1D Minor Swing at EPD with 4H Selling off in alignment with the daily bearish bias. A consolidation formed in alignment with the 1H range and after pulling back into a 4H 1-sided FVG, which confluent swept buy side liquidity, the trade parameters were met for a short position. Grade: High Probability What I did well or could've done better: - I waited for extra confirmation as the 1M Market Structure Shift did not have the conviction I was looking for, perhaps there was nothing wrong with the MSS and I was projecting my fear onto the chart. I fortunately did not miss the trade but on a different day I would have and would be kicking myself now. I did sacrifice profit by waiting and opting for a wider stop. If the trade meets the plan, execute! Understand the variation of concepts you trade and know that the market won't always be picture perfect.
Short
by The_Modern_Day_Trader
GBPJPY Will Go Higher From Support! Buy! Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 188.555. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.544 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2