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GBPJPY trade ideas

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
Trading Signal Alert for GBP/JPYDirection: Sell Enter Price: 190.764 Take Profit: 189.601 Stop Loss: 192.639 Dear Traders, We have identified a promising trading opportunity on the GBP/JPY currency pair. Based on our analysis using the EASY Quantum Ai strategy, we recommend initiating a sell position at an enter price of 190.764. Several key factors contribute to our bearish outlook: 1. Technical Indicators: Multiple technical indicators, including moving averages and relative strength index (RSI), are currently signaling overbought conditions. This suggests the potential for a downward correction. 2. Fundamental Factors: Recent economic data from the UK indicates slower growth, which may weaken the British Pound in the short term. Conversely, safe-haven demand for the Japanese Yen could strengthen, adding downward pressure on GBP/JPY. 3. Market Sentiment: Trader sentiment and volume analysis points to increased selling interest, aligning with our predictions for a price decline. By following this strategy and placing a take profit at 189.601, traders can secure potential gains before any market reversals. To mitigate risks, we recommend setting a stop loss at 192.639, protecting against unforeseen market movements. Trade with caution and always use proper risk management. Best regards, Your Trading Team
Short
by ForexRobotEasy
3
Buy OpportunityTrade Signal Analysis for GBPJPY Trade Overview Currency Pair: GBPJPY (British Pound / Japanese Yen) Entry Price: 188.945 Take Profit 1: 191.110 Take Profit 2: 193.446 Stop Loss: 187.883 Technical Analysis Trend Analysis: Current Trend: Confirm the prevailing trend on the daily and weekly charts. Look for a series of higher highs and higher lows to support a bullish bias. Trend Indicators: Utilize indicators like moving averages (e.g., 50-day and 200-day MAs) to confirm the trend direction. A bullish trend is supported if the price is above these moving averages or if there is a bullish crossover.
Long
by GODOCM
GBPJPY 191.974 -0.61% INTRADAY - SWING IDEA LONGHELLO TRADERS Hope everyone is doing great 📌 A look at STERLING from intra-day to possible SWING 4H GBPJPY * STERLING finally saw strong bullish momentum breaking out of the range, today we possibly seeing a retest of this range. * The bearish OB has been violated as we traded above it, possibly signalling some bullish moves. * should we reject the range looking to hold GJ swing to the upside. 1H GBPJPY * Not much is different from the hourly but we see that we are not beaking that intermitted low. * significant bullish momentum outside the range will be a signal for me. on the 15M ASIA trended nicely to the down side beautiful price action, probably signaling bad NY AM session but most like bullish signals. * a sweep of the low would have been great but we will see how price moves. * The weekly & daily TF show we are still showing signs of a Bullish move. * GJ took internal range LQ, looking for that external range LQ to be taken. * We are trading in discount of the move,This is where I would be looking for long entries. * With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS. * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
10