British Pound / Japanese Yen forum
GBPJPY happy weekend everybody :)
GBPJPY This is going to 242.3GBPJPY TP hit. price bounced precisely at the H1 supply. I think it's just a pullback though. Weekly tf still bearish, daily and H4 bullish.
GBPJPY this guy coming down anytime soon?
GBPJPY GBPJPY 27th December 2024 Daily Analysis Based on Main Key Levels
Daily Current Market Price (DCMP)
The current market price for GBPJPY is 197.528. This serves as a crucial reference point for identifying trading opportunities.
Key Levels
Resistance (Above DCMP)
Resistance 1: 198.423
Resistance 2: 199.673
Resistance 3: 201.697
Support (Below DCMP)
Support 1: 196.399
Support 2: 194.375
Swing Levels
Swing High: 199.564
Swing Low: 194.072
Summary of Analysis
As of the latest evaluation, the GBPJPY market is positioned at 197.528. Key resistance levels above this price include 198.423, 199.673, and 201.697. The support levels below this price are 196.399 and 194.375. The swing high is noted at 199.564, while the swing low is at 194.072.
Suggested Trades
Intraday Buy Trade
Entry Price: 196.399
Stop Loss: 194.375
Take Profit 1: 197.528
Take Profit 2: 198.423
Reason for Entry
The price is approaching a key support level at 196.399, indicating a favorable buying opportunity based on technical analysis.
Intraday Sell Trade
Entry Price: 198.423
Stop Loss: 199.673
Take Profit 1: 198.000
Take Profit 2: 201.697
Reason for Entry
Resistance at 198.423 suggests a potential selling opportunity, with targets set below this level.
Conclusion
This analysis provides a concise overview of key levels and trade opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
GBPJPY The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Pound (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading (one of today's most popular trading strategies). A carry trade happens when a person sells or borrows an asset with a low-interest rate in order to purchase another asset with a higher interest rate, looking to profit from the underlying interest rate difference. This strategy is heavily used in the foreign exchange market tradingview.com/x/ao7BW1H9
GBPJPY Any idea for today?
GBPJPY heading to 198.366?
Idea:#GBPJPY Buy 196.4 - 196.0
💎 #GBPJPY Buy 196.4 - 196.0 💎
Stoploss 195.2
Breakeven 196.45
TakeProfit 1: 196.6
TakeProfit 2: 196.8
TakeProfit 3: 197.0
TakeProfit 4: 197.2
TakeProfit 5: 197.4
TakeProfit 10: 198.4
TakeProfit 20: 200.4
TakeProfit 30: 202.4
Trade at your own risk
Protect your capital
The Wizard 🧙♂️
Friday 12/20/2024 04:45 AM EST
GBPJPY
💎 #GBPJPY Buy 196.4 - 196.0 💎
Stoploss 195.2
Breakeven 196.45
TakeProfit 1: 196.6
TakeProfit 2: 196.8
TakeProfit 3: 197.0
TakeProfit 4: 197.2
TakeProfit 5: 197.4
TakeProfit 10: 198.4
TakeProfit 20: 200.4
TakeProfit 30: 202.4
Trade at your own risk
Protect your capital
The Wizard 🧙♂️
Friday 12/20/2024 04:45 AM EST
GBPJPY
GBPJPY 200 pips target done enjoy