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British Pound / Japanese Yen

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British Pound / Japanese Yen forum


Ali_Explorer
GBPJPY Place your stop-loss below 197.500, as a break below this level would invalidate the bullish setup.
7. The current setup suggests buyers are stepping in near 198.300, respecting the recent support base.
8. Momentum may build up toward 199.00+ if GBP remains strong or JPY weakens further.
9. Price consolidation above 198.50 would strengthen bullish conviction ahead of the breakout zone.
10. Overall, GBP/JPY remains bullish above 197.500, with upside potential toward 199.800 in the short term.
Ali_Explorer
GBP/JPY is currently trading around 198.384, presenting a potential buy opportunity.
2. The immediate buy zone lies between 198.200 – 198.400, offering a favorable risk-reward entry.
3. First resistance is observed at 199.000, which could act as a near-term profit target.
4. A stronger resistance zone sits at 199.500, representing the next bullish hurdle.
5. A key breakout confirmation will be seen if price pushes above 199.800, signaling bullish continuation.
Tradinbee
GBPJPY CPI data tomorrow morning is the reason for this indecision. Seat back and relax , no direction,no trade. Quick scalps could work in this market but it’s better to hold on till we have a 40-50 pip move in either direction.
justineanoma
GBPJPY the indecision at this point is building towards bearish

A sign of bull will come create a perfect supply zones for huge selling pressure

If you are longing this pair be cautious when it hit the peak before London session opens tomorrow
hafizraza26
GBPJPY Patience, Patience, and only Patience. Today is just like Saturday Saunday