GJstrong momentum. interventions are cooling down. profit taking swing trade for atleast a month or 2. 208 is my target next month and december maybe more. stay tuned. lets goLongby ASFAND_GOLD1
GBPJPY NEW HIGHER HIGHGBPJPY is still in an uptrend and looking for a new way down ; some correction for now and a new HH in the next few days, that's what we think, but the ceiling is not really that strong so it could break and go even higher than the upper green line.Longby edl754
long GBPJPYAfter ascending triangle break out and establishing a gap in the early Monday session I prefer to long on this pair with a stop loss below the gap and target price at 208.146 at the previous high on July 2024 could the main profit targetLongby aryoTraderX117
GBPJPY long ideaIm in longs here for GJ, its already taken the LQ from below on the daily and 4hr ,also the last 4hr closed above the previous so i expect that GJ will continue upwards to the next daily high target, i see this most probably happening in asia. let me know what you all think Longby TheRogueChef440
GBPJPY Analyse for shortermI do expect a pull back for my next setup. Waiting game is on ! Longby AEL_Education336
GBPJPY WILL MOVE LOWER SHORTHere is our detailed technical review for GBPJPY. The price is testing a key resistance 197.995. Taking into consideration the current market trend and overbought RSI,chances will be high to see bearish movement to the downside at least to 193.732 level.Shortby GoldMarketKiller110
GBP/JPY Set for Dramatic MovementsAt Vital Direction, we have conducted an in-depth analysis of GBP/JPY. Since December 2023, GBP/JPY surged in five clear impulsive waves, reaching a pivotal high around 208 yen by July 2024. This level marked a significant turning point, leading to an impulsive downward wave A, followed by a complex corrective phase structured as a WXY pattern. We currently estimate that the Y wave is either complete or nearing completion with a potential top around 202 yen. This would set the stage for a wave C decline, potentially targeting the 174 yen area by February 2025. This projection aligns with broader cyclical patterns, suggesting that GBP/JPY may find a significant bottom following this correction, presenting a possible bullish reversal opportunity thereafter.by VitalDirection0
GBPJPY Bullish Analyse UpdateMy last bullish analyse hold and go well. with today low volume I to expect a pull back and on Asian session should be back on bullishLongby AEL_Education0
GBPJPY REVERSAL Technically: GBPJPY is printing bearish divergence GBPJPY break bullish trendline GBPJPY break its last Higher Low Shortby rizwanahmed06030
GBPJPY BUYUptrend and higher bottom than bottom. The price respected the golden Fibonacci zone and bounced from the demand zone 196.640 Good luck everyone 🍀Longby OUSSVMV111
GBP/JPY H1 Chart Breakdown Elliott Wave Structure: The chart appears to be within an Elliott Wave pattern, specifically focusing on the 5th wave. Wave 5 is nearing completion and has projected targets around 196.139. The invalidation level for this wave is located at 196.671—if price moves beyond this, it will invalidate the current wave count. Break of Structure (BOS): A Break of Structure (BOS) is noted on the internal high. This indicates a shift in price momentum from bearish to bullish. After the bullish movement broke the structure, price retraced and created a correction phase. Fibonacci Retracement Levels: The retracement after the bullish push aligns with Fibonacci levels: 0.236 level at 195.517 0.382 level at 195.192 These levels are crucial as they indicate where the price could react, showing potential areas for entries if a bounce occurs. The equilibrium level (50% Fib) is located at 194.915, which often acts as a magnet for price in corrective phases. Order Blocks: A bullish order block sits below 195.192, signaling a key demand area. If the price retraces to this level, we can expect a possible bullish continuation from this discounted zone. Short-term Outlook: A retracement toward 195.192–194.915 is anticipated before a possible bullish continuation. Price should not break below 193.687, which is a key invalidation zone for the bullish scenario. Longby spacedevilUpdated 112
The 3-Step Rocket Booster Strategy [3.min Video Review]I had a terrible nightmare, and am really not sure why I placed a trade on Bitcoin even at its all-time high Maybe waiting for the price action to be profitable could be the reason why my nightmares kicked in.. Anyway in this video: ->We review the rocket booster ->Candlestick patterns for CAPITALCOM:GBPJPY ->Resistance levels Watch it right now to learn more Also, rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit-taking strategies because you will lose money whether you like it or not. Long05:13by lubosi2
GBPJPY Is About to RecoverHaving found support, GBPJPY is expected to move at least to the 197.75 area in the short term. This is the minimum target, as we could also see a larger move towards the round 200.00 level.Longby OchlokratUpdated 110
GBP/JPY Analysis BUYCurrently observing a potential bullish reversal on GBP/JPY. After a recent downtrend, the pair seems to be approaching key Fibonacci levels that could act as support zones for a bullish rebound. The recent price action shows a descending wedge formation, often indicative of an impending breakout. Key support levels are noted around the 38.2% and 50% Fibonacci retracement zones, which align with previous structural support levels. If the price manages to hold above these areas, we could anticipate a bullish impulse towards the 197.750 - 198.500 zone. I've also identified a potential double-bottom pattern in this area, suggesting increased buyer interest. A break above the 198.080 resistance could lead to further upside movement, with targets around the 198.903 and possibly beyond. Monitoring for a breakout confirmation before entering a long position. Stay tuned for updates! Longby AEL_Education110
GBPJPY on decision areaThe chart shows a bullish trend on the 4-hour timeframe. The price has been consistently breaking above resistance levels and creating higher highs. GBPJPY is on a triangle, waiting a broke of one side. Targets on chartby miketiger0
GBPJPY Eyes Stability as BoJ Plans More Rate HikesFxnews —The immediate support is at 198.45. A new consolidation phase could potentially form if GBP/JPY closes below 198.45. If this scenario unfolds, the price could dip to the 23.6% Fibonacci retracement level at 197.3, supported by the 100-period simple moving average.by FxNews-meUpdated 0
GBPJPY LONG SETUP Smart Money Play for GBPJPY With GBPJPY showing signs of support in the current range, the smart play would involve waiting for confirmation of continued strength before entering long, or positioning for a minor pullback in line with the recent shift in momentum. 1. Identify Key Support Zone • Price is currently testing the 100 SMA on the 4-hour chart and is positioned near two previous significant turning points. This level could act as a pivotal support if buyers re-enter the market here, as it has been a strong level in the past. • The presence of the 4-hour Ichimoku cloud just below price suggests that any break lower could see further downside, but above it, we may be primed for a continuation to the upside. 2. Volume and Trend Alignment on the Daily • With the ADL, CMF, and CMO still positive, underlying buying pressure remains intact. The positive daily Ichimoku cloud further confirms a bullish trend, especially since price is above the cloud and the lagging span is supportive above price. • Daily RSI being above 50 also supports a bullish outlook, though the recent fall indicates a need for confirmation that buyers are indeed stepping in at this level. 3. Monitor Lower Timeframes for Pullback Confirmation or Reversal • 4-Hour Chart: Wait for bullish confirmation to resume on the 4-hour MACD or RSI. If the RSI and MACD indicators start to show signs of upward momentum, it could signal that buyers are actively defending this level, supporting a bullish entry. • 2-Hour MACD: The MACD remains dark red, signaling current downside momentum. For a higher-probability entry, wait until MACD shifts lighter or flips entirely, indicating a possible end to the pullback. 4. Confluence with Bollinger Bands and Divergence on Lower Timeframes • The price recently touched the upper band of the daily Bollinger Bands, indicating a high point, and is now testing the 20 SMA. This setup suggests we are at a consolidation or retracement phase. • On the 15-minute chart, RSI divergence (price making higher lows while RSI makes lower lows) could hint at a potential bullish reversal at this support zone, but higher timeframe confirmation is needed. Trade Idea Given these signals, there are two potential smart-money plays: 1. Long Continuation: • Wait for the 4-hour indicators (MACD and RSI) to confirm a bullish reversal. Enter long if RSI begins to rise again and MACD shows green momentum, ideally with a close above the 100 SMA on the 4-hour as confirmation of strength. • Place stop-loss below the 4-hour Ichimoku cloud or recent support levels, aiming for an initial target near 199 or the upper Bollinger Band on the daily. 2. Short Pullback Trade (if price breaks 4-hour support): • If price breaks and closes below the 100 SMA and the lower edge of the 4-hour Ichimoku cloud, consider a short entry targeting the daily 20 SMA or the 197 level as interim support. • Monitor CMF and ADL for signs of waning buying pressure, as well as confirmation from MACD on lower timeframes turning darker again, supporting a continued down move. Summary of Smart Money Play 1. Trend Bias: Overall bullish on the daily, but cautious of the pullback on the 4-hour and lower timeframes. 2. Setup: Wait for pullback completion or a break of support for bearish continuation. 3. Entry Trigger: Use 4-hour MACD and RSI as signals to confirm reversal to the upside or continued weakness. 4. Risk Management: Place stops below significant support zones, targeting recent highs or lower support levels in line with the trend.Longby Shivsaransh10
correctionIt is expected that the corrective trend will advance to the specified support levels and then we will see the beginning of the upward trend. If the price crosses the red support zone, the downward trend is likely to continueShortby STPFOREX0
Flair area The Flare area is the price bounce area and you will get a beautiful bounce as in the picture. The important thing is to follow the trend and follow your own strategy in risk management.by ahmadshanti0
donedifficult pair to trade but it follows setups most of the time, it might continue to rise based on serious economic crisis that Japan is facing Longby sizwedlaminiforex0
GBPJPY US Election Rally Buy GBPJPY @ 196.3 - 195.9💷GBPJPY💴 US Election Rally 💎Buy GBPJPY @ 196.3 - 195.9💎 Tuesday 11/05/2024 07 PM 195.1 StopLoss —> 196.35 BreakEven+ Scalp TakeProfit 1: 196.5 TakeProfit 2: 196.7 TakeProfit 3: 196.9 Daily TakeProfit 4: 197.1 TakeProfit 5: 197.3 Swing TakeProfit 10: 198.3 TakeProfit 20: 200.3 TakeProfit 30: 202.3 Position TakeProfit 50: 206.3 TakeProfit 100: 216.3 TakeProfit 200: 236.3 TakeProfit 300: 256.3 Richard Eyo ~ The Wizard 🧙♂️Longby SmartWizardFX1
BUY GBP VS JPY Triangle BreakoutThe GBP vs JPY pair on the M30 Timeframe presents a potential Buying oppurtunity due to a recent breakout from a triangle pattern This suggest a shift in momentum towards the upside and higher likehood of further advances in the coming the hour POSSIBLE LONG TRADE First Resistance 199 Second Resistance 200 Stoploss To manage risk place a stoploss order below support zone This helps limit potential losses if the price falls back unexpectedly Your likes and comments are incedibly motvitation and will encourage me to more analysis with you Longby GoldMarketKiller2