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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY BULLISH Play for the WeekGJ has been on a Monthly Bullish Run in my eyes, so with that in mind looking into this weeks play I expect a break to the upside into Bullish Territory once my Yellow 4hr/Daily Trendline has been broken. Before that I expect a bearish start to the week bringing price down to our Buy Limit ultimately propelling us to the upside. Once 194.500 has been broken I expect a BULLISH Rally, will set trades to BREAK EVEN at this stage of the trade. TP 1 & 2 have a potential to get hit this week (keep in mind a retracement is possible at the TP1 area) TP 3 will probably have to wait till next week but let’s get through this week 1st and see if the markets are on our side..!
Long
by jcatchinpips
Monthly CLS, FVG in FIB zone, Model 2 entryMonthly CLS, FVG in FIB zone, Model 2 entry you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
GBP/JPY ShortAs of December 28, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, with the current exchange rate around 198.56 JPY per GBP. Support and Resistance Levels: Support: Key levels identified at 197.80 and 195.85, providing potential price floors in case of a downturn. Resistance: Observed at 199.79 and 203.58, which may act as barriers to further price increases. Technical Indicators: Moving Averages (MAs): Short-Term (MA5, MA10): Indicate a 'Buy' signal, suggesting upward momentum in the immediate term. Medium to Long-Term (MA50, MA100, MA200): Show 'Sell' signals, reflecting previous bearish trends. Relative Strength Index (RSI): At 62.48, indicating moderate bullish momentum without entering overbought territory. Moving Average Convergence Divergence (MACD): Positive at 0.3796, suggesting potential for continued upward movement. Market Sentiment: Analyses suggest a 'Strong Buy' signal, reflecting positive market sentiment towards GBP/JPY. Would be a Great Opportunity to get the BUY Phase on the way up but I'm looking for the sell Phase opportunity on the way down because its a more comfortable play and yields a better opportunity for me. After the Bulls ease off from buying. Historically January usually is always a Slow month in Great Britain so this will give buyers Yen a bit more purchasing / buying power. Remember its not how it moves but when. Will be setting Price Alerts for this closer to the time. Patience in the market. Let it Come to You!
Short
by Millionairo
GBP/JPY Bullish Breakout: Ready for Strong Upside📢 GBP/JPY Bullish Outlook 🚀 🔹 Trade Details: Take Profit: 207.809 Stop Loss: 193.969 📈 Why This Trade? ✅ Strong UK Economic Data: Positive UK economic news is supporting GBP strength. ✅ JPY Weakness: The Bank of Japan’s dovish stance continues to put pressure on the Yen. ✅ Technical Breakout: GBP/JPY has broken key resistance levels, suggesting further upside potential. ✅ Bullish Indicators: MACD bullish crossover and higher lows indicate a strong uptrend. 📊 Analysis Summary: With GBP strength and JPY weakness in play, GBP/JPY is positioned for substantial upside. The pair has cleared major resistance, and technical indicators suggest a continuation of the bullish trend.
Long
by ValchevFinance
GBPJPY Is Bullish! Long! Here is our detailed technical review for GBPJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 196.848. Considering the today's price action, probabilities will be high to see a movement to 199.032. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
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