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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Bullish Reversal OpportunityGBPJPY price is breaking a credible resistance zone. If the price action is able to print a convincing Higher High, it may be a signal towards a proper Bullish breakout and a potential new ALL TIME HIGH may become more likely. After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic reversal from key Fibonacci Harmonic price levels which increases the importance of moving SL to Break Even if TP1 hits. Till then, opportunity may be seized by the Bulls. Trade Plan: Entry @ 197 Stop Loss @ 188.5 TP1 @ 205.5000 TP2 @ 214.0000 No. of Trades: 2 Move SL to Break Even if TP1 hits.
Long
by SalaarBT
2
GBPJPY Bullish Continuation Breakout OpportunityGBPJPY price is breaking a credible resistance zone. If the price action is able to print a convincing Higher High, it may be a signal towards a proper Bullish breakout and a potential new ALL TIME HIGH may become more likely. After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic reversal from key Fibonacci Harmonic price levels which increases the importance of moving SL to Break Even if TP1 hits. Till then, opportunity may be seized by the Bulls. Trade Plan: Entry @ 197 Stop Loss @ 192.3 TP1 @ 201.7 TP2 @ 206.4 No. of Trades: 2 Move SL to Break Even if TP1 hits.
Long
by SalaarBT
GBPJPY - 4hrs ( Buy Trade Target Range 300 : 600 PIP ) 🟢 Pair Name : GBP/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 195.500 Area Reasons - Major Turn level - Visible Range Lvn - Fixed Range hvn - Triangle Pattern - Week / Month High Area Bearish Reversal 202.000 Area Reasons - Major Turn level - Visible range hvn - FIbo Golden Zone - Channel mid Target - Quarters High Area
Long
by GoldenEngine
1
GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
8
GBP/JPY on the Rise: Key Levels to Watch!The USD/JPY hit a 10-week high on the 10th, driven by market confidence that the Fed will be cautious with rate cuts. The resilient U.S. economy is boosting the dollar, while rising U.S. bond yields could push the yen toward 150. On Thursday, the dollar briefly touched 149.54 JPY, the highest since August, before slipping 0.18%. Strong U.S. job data reduced expectations for Fed rate cuts, in contrast to Japan’s dovish tone, as new PM Shigeru Ishiba and BOJ officials dampened hopes for an October rate hike, weakening the yen. Two key factors to watch: the Fed’s rate decisions and Japan’s parliamentary elections on the 27th. If Ishiba doesn't secure a strong victory, internal party challenges could affect BOJ policy. Forecasted GBP/JPY levels (based on Fib Channel method): 194.689 197.821 201.695 207.958 Wishing you success in your trades!
Long
by fortunepivot
GBPJPYSince we got many questions regarding GBPJPY here is our overall view on it. GBPJPY has been struggling to break an important KL (Key Level) 195.971 . As of now we are trading below that KL. Breaking above it would give us a nice opportunity to enter in buys . However , if we continue to trade below 195.971 , and failing to break it, we could see more downside on the pair. Breaking below 193.990 and 193.290 would give us a nice opportunity to sell , possibly all the way down to the bottom of the range where our PBA 1 is sitting at roughly around 190.000 . As of now there is no clear indication for buys or sells. Be patient and remember, sometimes the best trade is no trade at all. We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY is trading below an important KL. - Break below 193.990 and 193.290 would confirm sells. - Break above KL (195.971) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. We would also like to take this chance to thank all of you for your support! Happy trading! FxPocket
by FxPocket
Where will GBPJPY go next ?, 4hrWe have not had a clear direction for the pair since the big fall. We have been consolidating. But now we have crossed the major resistance at 193,510 and made it a solid support which means we can depend on that level for our next prediction on the direction. Currently we a looking at an uptrend meaning that we are looking at buying opportunities but only if the pair gets enough momentum to cross the resistance at 195,445. A break above and retest will confirm the buying opportunities for the rest of the week. While a break below the support at 193,510 will a signal foe a change in direction and will be our selling setup. But so far our main trade will be a buy.
Long
by AnalysisExpert
#GBPJPY 1DAYThe GBPJPY (1-Day) chart is displaying an uptrend channel resistance pattern. This occurs when the price is moving within an upward-sloping channel and is currently approaching the resistance level, which has been established by previous highs in the trend. Key Observations: - The price has been consistently making higher highs and higher lows, following a well-defined ascending channel. - The pair is now near the upper boundary (resistance) of the channel, where sellers typically step in. - Multiple rejections from this resistance in the past suggest that the market may respect this level again, providing a potential sell opportunity. Forecast: A sell is anticipated as the price nears the channel resistance, with the expectation that it will reverse or correct lower within the channel. Traders should look for bearish confirmation, such as a reversal candlestick pattern or a break below key moving averages, to confirm the entry. Key Levels: - Resistance: The upper boundary of the channel. - Support: The lower boundary of the channel where price might target during a correction. Risk Management: Place stops above the resistance zone to protect against potential breakouts. Targets can be set near the mid or lower channel boundary.
Short
by PIPSFIGHTER
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
This will go much higher will be buying from lowsprice is in the weekly range next in the other range. COT for the GBP is bullish and for the JPY also Im a buyer, but would like to see the liquidity trap first. Otherwise, I stay off. I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
11