GJ thoughts for Sunday/MondayJust my thoughts. Not a signal call at all. I'm a "newbie" Let me know what you guys think.
JPYGBP trade ideas
GBP/JPY Bullish momentum : Trading the A.c & key value areasIn my view, GBP/JPY is showing strong bullish momentum within a well-defined ascending channel. This structure provides clear boundaries for potential pullbacks and rallies. The FVG suggests the possibility of a gap-fill before continuing upward. Additionally , key Value Areas - with VAH (193.041) as resistance and VAL (190.511) as support -highlight strategic entry and exit points. A breakout above the recent high at 196.07 would signal further bullish continuation.
Wishing everyone a successful trading week ahead.
GBPJPY - BUY OPPORTUNITYEyeing GJ for a potential LONG from BUY AREA to TP1, TP2 and STP.
TP1 = 50 PIPs
TP2 = 100 PIPS
STP = 200 PIPS
Trade Safe - only risk what you can afford to lose - Risk management is key!
GBPJPY💹
Outlook: Price is showing alot of strength on the 5hr time frame. It has made small correction into the 10ema on our 30m time frame.We could see a continuation for JPY pairs todays Tokyo session or if we do have a bigger correction for Tokyo expect London to continue.
Bias: Bullish
GBPJPY One pullback to give before strong rally.GBPJPY is trading inside a CHannel Up since May 2021.
Having a strong correction in July, the price has stabilized on a shorter term Channel Up.
A similar Channel Up was formed after the previous bottom in January - March 2023 and then the price rallied by +20%.
Expect a similar bullish wave. Buy and target 217.00.
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GJ Weekly OutlookGj looks short on lower tf however looks can be deceiving. If you look at higher time frames it has completed a 50% retracement from the last low and bounced off that level. Fibonacci extension is showing the same target for both weekly and H4. I am bullish on GJ at all levels.
GBP/JPY Buy Setup Awaiting Bullish TDI SignalGBP/JPY OLHC buy structure forming for September on the daily timeframe. Awaiting a buy signal once the TDI crosses bullish on the daily chart. My target is 191.750 , which aligns with the Monthly Open.
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GBPJPY h PatternDown it goes all the way upto 156
i've seen this pattern before and i 've lost my life on one of these i was long
The h pattern means death
GBPJPYAs per our last mind we asked you guys which pair you want and analysis for. The public has asked for GBPJPY . Here is our view.
As of now, GBPJPY is sitting at our PBA 2 (Pullback Area). If we break above 193.290 (October 1st highs) we will continue to the upside .
However ,
If we break below our PBA 2 192.000 , we could see a downside move to our PBA 1 . Breaks below could also result in lower prices.
We advise you not to enter in any trades until breaks of either 193.290 or 192.000 .
We will send out the update once a break happens.
KEY NOTES
- GBPJPY has fallen to our PBA 2.
- Important levels to break are 193.290 or 192.000.
- Break above 193.290 would confirm higher highs.
- Break below 192.000 would confirm lower lows.
Happy trading!
FxPocket
Trade Idea: GBP/JPY Potential Rejection at ResistanceI'm monitoring GBP/JPY as it approaches a key resistance level. If the price reaches this point, I expect it could face rejection, possibly leading to a pullback. This setup offers a potential opportunity for a short position if rejection occurs.
GBPJPY Oct 4 2024 pending buy limit activatedDetailed entry on GBPJPY maximizing liquidity grab. :)
This trade was taken during N.Y session of Oct 3 2024. I set pending buy limit because I saw Slow motion while approaching fair value gap (see charts arrow) . As I go to my fundamentals i saw an important NEWS --> NFP USD. Anticipating large momentum because of the demand introduced this week. This trade was a success, years of learning and charts behavior observation. Trade with confidence and patience. :)
Have a great day folks!
#wyckoff
#supplyanddemand
GBPJPY : WEEKLY UPDATEHi all
expecting a lower high as soon as the previous trade plan
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
Watchlist Update Post-NFP + GBPJPY Mini LessonExplanation as to why I did not entertain the GBPJPY sell I was looking at from my morning forecast video earlier today.
GBPJPY Fri 04 OctDaily : Bullish Trend,
H4 : Levels 1and 2 Completed.
H1 : False Moov Completed
M15 : ChOCH, Wait for retracement
Possible by @ 192.615
GBPJPYwe can see a clear impulse wave and then long term ABC correction we can make a short position around these levels .R/R is perfect . this is monthly chart and trade in this time frim is not suitable for day traders or scalpers.
gj longi entered early on this trade, have 1.5 orders in, wanted to put only 1.
i entered not cause of strat, just i saw big consolidation during last nights dump, see GJ 15m chart, damn many wicks that failed it, im just making a gamble, that there won't be enough limit orders on top, then buyers have no choice but to pump it to tp.
even if news yesterday considered bearish, i think it's already been priced in.
GBPJPY Will Move Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 17h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 192.985.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 188.232 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GJ buy position on 4h tf;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
GBP/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 182.891.
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The Geppy GBP/JPY long callCurrent Price: 192.862
Buy Zone: After closing above 195.971
Stop-Loss: 189.488
Target: 205
Analysis:
Parallel Channel:
GBP/JPY is trading within a parallel channel, indicating a structured range between support and resistance. This suggests the market is respecting these levels, and a break above the upper trendline (195.971) would confirm the bullish breakout.
Fibonacci Extension:
Using Fibonacci levels as a tool to project future price movements, the extension aligns with the 205.161 target, a significant level based on the projected price move. This target could coincide with key resistance levels.
Risk/Reward:
With a stop-loss at 189.488 and a target of 205, the trade offers a favorable risk-to-reward ratio, ensuring good potential profits relative to the risk.
GBPJPY may come down sides now.GBPJPY may come down sides now.
There is an order block between 194.630 and 194.170 . Sellers may take control at the order block take the price down. so lets take a sell order.
I am creating this idea using Most advanced price action concept. which was known as SMART MONEY CONCEPT (SMC) .
according to my analysis the SMC suggests that :-
Entry price :- 194.147
Take Profit :- 191.823
Stop loss :- 196.471
GBPJPY BULLISH VEIWDISCLAIMER: The info provided below is just my personal view trade at your own risk.
FUNDERMENTAL
The Japan pm changed the market view by saying that the yen is not expected to hike rates hence the decline of the yen this week Wednesday
TECHNICAL
The GJ has been quite bullish over from a HTF view with Wednesday and Thursday giving us a pullback.
The previous weeks low has been swept and since we are bullish the next DOL is the previous weeks high
The weekly volume activity (accumulation) is on point with the NFP data
uptrendIt is expected that the price will stabilize above the support range and then we will see the beginning of the upward trend.
After crossing the level of 61.8%, the downward trend will continue
