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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

BUY!!! GBPJPY HAS REACHED A WEEKLY INTEREST ZONEHELLO TRADERS I AM VERY INTERESTED IN BUYING THIS GBPJPY PAIR FOR THE NEXT SESSIONS LONDON AND NEW YORK FOLLOW MY ENTRY SIGNAL EVERYTHING POINTS TO THE PRICE GOING UP. TECHNICAL ANALYSIS CONFLUENCES AT THE MOMENT 1.- bullish weekly time frame 2.- bullish daily time frame 3.- rejection of the last weekly structure point 4.- rejection of weekly interest zone 5.- psychological number rejection 6.- weekly rejection candle 7.- rejection of the last daily structure point 6.- rejection of daily interest zone 8.- daily rejection candle 9.- rejection candle 4 Hr 10.- 1 Hr enveloping candle, 2 Hr enveloping candle why do I like it? The weekly and daily time frame are bullish, that is, they are in harmony, which indicates that the bullish trend has not yet ended. On the weekly time frame there are 2 weekly rejection candles. In turn, both candles being rejected in a weekly interest zone retesting above the weekly high. The psychological number 196,500 has been tested perfectly which has attracted buyers at this strong level. The price has been rejected at the highest high of the daily time frame, with a daily rejection candle. The price is being rejected in a daily interest zone that has been rejected repeatedly in the past. We have a very strong indecision candle in our area of ​​interest in the 4 Hr time frame which tells me of a change in the direction of the price towards the upside. And as the last confluence the structure in the 30 minute time frame has been broken. In all this, the only more reasonable thing is to look for purchases since the time frames are going up. If you liked my analysis, don't forget to follow me and like it, I will respond to comments and suggestions. Wait for new updates blessings and luck!!!
Long
by FxAlexisTrader
GBPJPY ANALYSISHere is our overall view on GBPJPY . After GBPJPY has made a pullback down to our PBA 1 (Pullback Area) , we are seeing more upside on the chart. At this moment we are still extremely bullish on GBPJPY. We are anticipating buys if we break above 199.180 . On the other hand, if we break 197.540 we could go back to our PBA 1 and if we break below, we could see even lower lows . As of now there is no clear indication for buys or sells. We are only entering in the trades if following has happened: Scenario 1 : breaks above 199.180 Scenario 2 : breaks below 197.540 We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY has made a pullback to our PBA 1. - Break below 197.540 would confirm sells down to our PBA 1 around (195.800). - Break above our KL (199.180) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. Happy trading! FxPocket
by FxPocket
GBP/JPY H1 | Potential bullish reversalGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 198.04 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 196.95 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 199.51 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
#GBPJPY 4HGBPJPY 4-Hour Analysis The GBPJPY pair has formed a bearish engulfing pattern on the 4-hour chart, signaling a potential reversal and indicating selling pressure in the market. This bearish engulfing area suggests that sellers are gaining control, creating an opportunity for a sell entry. Technical Outlook: - Pattern: Bearish Engulfing Area - Forecast: Bearish (Sell Opportunity) - Entry Strategy: Sell near the bearish engulfing area Traders may consider entering a sell position around the bearish engulfing pattern, targeting lower support levels. Confirming indicators such as RSI showing overbought conditions or MACD reflecting bearish momentum can strengthen the signal, making this a more reliable setup for a short trade.
Short
by PIPSFIGHTER
GBPJPY - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPJPY has been bullish trading within the rising channel in blue. Currently, GBPJPY is approaching the upper bound of the channel. Moreover, the green zone is a strong supply and structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
15
GBP/JPY Analysis: Shorterm BuyThe GBP/JPY pair currently shows a retracement from recent highs, and we can observe key levels of support and resistance based on Fibonacci retracement levels and trend lines. Trendline Support: A rising trendline from previous lows suggests continued bullish momentum as long as the price respects this trendline. The recent test of this trendline indicates a possible continuation to the upside if buyers maintain control. Fibonacci Retracement Levels: Key retracement levels are marked: The 23.6% retracement near 198.97 serves as the first potential resistance area. A break above this level could lead the price towards the next resistance. 38.2% (198.61) and 50% (198.33) levels provide additional zones where the price might face resistance before potentially moving higher. Key Support Levels: The 198.00 level acts as a psychological and technical support, with further support down to 197.50. If the price breaks below these support levels, it may signal a reversal or deeper correction. Potential Scenarios: Bullish Scenario: If the price respects the trendline and moves above 198.97, we might see an attempt to test the recent highs around 199.50 - 199.70. Bearish Scenario: Failure to hold above the trendline and a breakdown below 197.50 could initiate a deeper pullback, possibly targeting support levels around 196.50 or lower. Conclusion: The bias remains bullish as long as the trendline support holds. However, key resistance levels around 198.97 - 199.50 need to be watched closely, as they could signal either a breakout to new highs or a potential reversal if selling pressure intensifies.
Long
by AEL_Education
GBP/JPY ANALYSIS AND THOUGHTSGBP/JPY 15M - This is another pair I have taken some interest in based on the structure its putting out and how its been playing out over the course of the past few days, you will see I have gone ahead and marked out some areas in price. Price traded into a Supply Zone originally which led price to then break structure to the downside here on the higher timeframes, I have gone ahead and marked that out for you. What we are seeing now is price correcting itself. Price is currently trading back up to set a new Lower High in what I think is going to be new bearish structure. I have marked out an area of relevance I feel price may trade up and into before trading us lower in the market. In order for us to deem a valid entry we want to see price trade up, reject well from the zone breaking structure before pulling back initially and continuing to trade us lower in the market.
Short
by Lukegforex