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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY SELL ALERTS!!! *GBP/JPY Sell Alert: Don't Miss Out!* *Key Points to Consider:* 1. *High-Probability Sell Opportunity*: A critical resistance level has been reached, increasing the likelihood of a reversal. 2. *Yen Strength*: A strengthening Japanese Yen, driven by safe-haven demand and positive economic data, may exacerbate the GBP/JPY decline. *Trade Specifications:* - *Sell Entry:* 193 - *Profit Targets:* - TP1: 191 (50 pips) - TP2: 188 (100 pips) - *Stop-Loss:* 194 (10 pips above entry) *Market Context:* The GBP/JPY pair is consolidating, with market participants awaiting key economic data releases and Brexit updates. A break below 191 could trigger a sharp decline. *Trading Strategy:* Sell GBP/JPY at 193, with a stop-loss at 194. Use the profit targets to take profits or adjust the stop-loss to break even. *Actionable Insights:* - Monitor the GBP/JPY pair closely for a potential breakdown below 191. - Adjust your trading strategy according to market conditions and economic data releases. - Keep an eye on the Japanese Yen's strength and its impact on the GBP/JPY pair. *News and Market Analysis:* - *BOJ's Monetary Policy Decision*: The Bank of Japan's decision to maintain its monetary policy stance has strengthened the Japanese Yen. - *Brexit Uncertainty*: Ongoing Brexit negotiations and uncertainty surrounding the UK's departure from the EU may weigh on the British Pound. - *Global Economic Slowdown*: Concerns over a global economic slowdown may drive investors towards safe-haven assets, such as the Japanese Yen. *Your Feedback Matters:* If this trade idea and analysis helped you, please: Keep your best wishes to the Travis 👍 - *Like* to show appreciation - *Share* your opinions and feedback - *Follow* for more trade ideas and market analysis
Short
by Expert_Travis
GBPJPY Is Going Up! Buy! Here is our detailed technical review for GBPJPY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 194.512. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 196.392 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY: Fibonacci Levels Signal Possible Bullish ContinuationTechnical Analysis: GBP/JPY Bullish Continuation 📈 The GBP/JPY chart provided highlights a bullish trend continuation setup, supported by Fibonacci retracement levels. Here's a detailed breakdown: 📊 Fibonacci Levels in Play The swing low to swing high has been plotted, revealing key retracement levels. The price is currently near the 50% retracement level (194.326), a critical support zone in bullish trends. The 61.8% retracement level (194.165), often called the "golden ratio," serves as a stronger support below this. 📈 Bullish Bias The overall trend remains bullish, with higher highs and higher lows visible on the chart. The corrective pullback to Fibonacci levels suggests a potential continuation of the upward momentum. 🎯 Target Projection The arrow on the chart points to a projected move toward the 195.683 level, aligning with the -50% Fibonacci extension. This target aligns with the bullish trend and indicates a potential breakout above the recent high. 🔍 Confluence and Confirmation The price action shows signs of rejection at the 50% retracement level, indicating buyer interest. A bullish candlestick pattern or increased volume near this zone would further confirm the upward move. ⚠️ Risk Management The 61.8% level (194.165) is a key invalidation point. A break below this level could signal a deeper retracement toward the 78.6% level (193.937) or even the swing low. This analysis is for informational purposes only and does not constitute financial advice. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct your own research and consult with a financial advisor before making trading decisions.
Long
by fxtraderanthony
GBPJPY - Expecting Bearish Continuation In The Short TermM15 - Double uptrend line breakout Lower Lows Strong bearish momentum Potential drop after retraces if the strong resistance zone will not be broken. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VladimirRibakov