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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

gbp is showing bullish momentingGBP/JPY is showing bullish momentum, with a buy signal identified at 191.970. The first target level is set at 193.034, followed by 194.521 and 195.108, which align with key resistance zones. Traders should place a stop loss at 190.690 to manage potential risks and ensure protection against a sharp reversal. This setup suggests an uptrend as the pair moves toward higher resistance levels, supported by improving market sentiment and strengthening demand for the British pound. Additionally, the pair is benefitting from positive economic data in the UK, while the Bank of England's stance on interest rates continues to favor a stronger pound against the yen
Long
by ExpertTrader041
2
GBPJPY Sell/Short Signal 2In continuation of GBPJPY downtrend we have officially smashed through the first TP without any issues and a smooth come down on what we have seen in previous days highs that could not sustain. I still see this going down to the second TP then go all the way down to the third TP completing the entire targets range we have analyzed to make. Please be sure to use proper risk management and as well proper caution on how much you leverage for all your trades. Thanks for stopping by to see our charts!
Short
by KingTraderFX
GBPJPY at a Crossroads: The Setup You Can’t Afford to MissWhat’s up, traders! We’re back with an update on GBPJPY as of January 17, 2025. The pound-yen pair continues to keep us on our toes with its range-bound behavior, but we’re breaking down exactly where we believe the market is headed next. In this video, we’re dissecting the levels that are holding strong, the possible upside plays, and the crucial areas where liquidity is likely sitting. From analyzing key weekly and daily levels to pinpointing potential entries on the H1 and H4 timeframes, we’re laying it all out for you. We’ll also review the positions we closed earlier for a combined 2:1 risk-to-reward win and how the market dynamics shifted to create new opportunities. With the weekly candle close approaching, are we setting up for the next big move? Watch the breakdown to find out. If you’re serious about staying ahead in the markets, this is a must-watch. Don’t forget to like, share, and drop a comment below with your questions or pairs you’d like to see analyzed next. Let’s keep winning together!
by BlueOceanFxAcademy
7
GBP/JPY - reverse for test of EMA on 4H? Play for tmr or Monday- Wedge bottom could be playing out on the GBP/JPY on the 30 Min (also visible on 15 min): - Downtrend is weakening as seen on the 2h chart, bulls are able to make money as well as pullbacks are becoming more significant. There is a slight overextension of the 20EMA on the Daily timeframe and shows the downtrend is becoming slightly climatic. RSI is starting to show divergence on the 15 and 30 min timeframes (although weak signals in my opinion, be really careful with such signals following aggressive downtrends. It shows that selling pressure is weakening but does not mean buyers will be the next ones to step in.) - If wedge bottom is completed, a reversal with clear consecutive bull bars on the 5 and 15 min timeframe could open the door for a scalp at worse or a quick swing until the 4h 20 EMA (around 191.500 at time of writing). Most importantly, this is a low probability trade, we are entering longs after two aggressive tight bear legs. Manage your risk efficiently and scale up if you do not see clear entry points. C+ setup at best. Peace
Long
by Baudoouin
1
If double/triple bottom hold, long GBP/JPY (ambitious target)I've already gone long as you can see from the chart, as I was hopeful the double/triple bottom would hold. Possible target is a little under the 50% retracement of the previous large down move (193.4 ish), or one could try the 38.2% retracement (around 193.0). Stop loss could either be low to protect from volatility and in case of breaking bottom first before retracement (below 188) or tight below the bottom line after asian market opens and spread is less.
Long
by SebFX
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Long
by syomking76418