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British Pound / Japanese Yen

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British Pound / Japanese Yen forum

As a profitable trader, you’ve already learned that success doesn’t come overnight. it’s built through hard work, patience, and the willingness to adapt. But just as the markets require strategy and discipline, so does your own well-being. This weekend, don’t just focus on the trades you’ve made or the charts ahead; take a moment to honor the progress you’ve achieved.

GBPJPY
GBPJPY 21st December 2024 Weekly Analysis Based on Main Key Levels

Weekly Current Market Price (DCMP): 196.578

Key Levels

Resistance (Above DCMP):
Resistance 1: 194.855
Resistance 2: 195.892
Resistance 3: 197.572

Support (Below DCMP):
Support 1: 191.495
Support 2: 190.458
Support 3: 188.778

Swing Levels
Swing High: 199.564
Swing Low: 188.088

Intraday Buy Trade Setup

Entry Price: 195.892
Stop Loss: 194.855
Take Profit 1: 196.618
Take Profit 2: 197.572

Reason for Entry:
GBPJPY is near Support 2 at 195.892, providing an opportunity for a potential upside move. The first target is 196.618, with the second target at 197.572 (Resistance 3). The Stop Loss is set at 194.855 to limit the downside risk.

Intraday Sell Trade Setup

Entry Price: 197.572
Stop Loss: 199.637
Take Profit 1: 196.618
Take Profit 2: 195.892

Reason for Entry:
With Resistance 3 at 197.572, a sell trade can be initiated. The Stop Loss is placed at 199.637, and the first target is 196.618, followed by 195.892.

Summary
GBPJPY is currently trading at 196.578.

Resistance Levels: 197.572, 199.637
Support Levels: 188.778, 190.458, 191.495

Swing High: 199.564
Swing Low: 188.088

Intraday Buy: Enter at 195.892, targets 196.618 and 197.572.
Intraday Sell: Enter at 197.572, targets 196.618 and 195.892.

GBPJPY im closing all positions now, as there has been very little volume today, and is not likely to get any better and personally I cant be bothered holding over the weekend on xmas week, paying swaps and having to deal with spreads. Hope you all have a great xmas and look forward to seeing your posts next year. Merry xmas and happy Back testing !!

GBPJPY one more push....? please...

GBPJPY I may pull here 50 pip sell down in 3 minutes ?? That's crazy ..

GBPJPY Entered Long
Snapshot

GBPJPY Possible day trade opportunity.

If price can continue momentum off 15M CHOCH area (196.200), possible buy to previous bearish 15M OB. (197.000)

A break and close below 196.000 would make the CHOCH invalid.

GBPJPY sweeping the opportunistic’s SLs before going down again.

GBPJPY We now finally moving?
Snapshot

GBPJPY if this candle closes above 196.500. it will definitely push really hard.