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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

Weekly Forecast & GBPJPY SHORT Trade RecapBias Analysis: Daily is in premium on the minor swing and at equilibrium on the major swing but with the 4H structure still bullish (CT) there is upside potential on this pair. Long entries were within the 1H bullish range and after a correction into EPD at NY open, entry confirmation was received after trade parameters were met. Grade: High Quality Valid What I did well or could've done better - Used pair correlation to increase discretion during entry confirmation Stayed focus during my NY Killzone despite being on the road which avoided a missed position on GJ. DXY: Structure is bullish on DXY from the HTF down to the LTF's but with price in a 1D OB, we could see the reversal from this KI area. The development of price over the initial days of the week will signal how the weekly will distribute. Today, price is within a bullish 1H range with protraction lower at KZ open.
Long
by The_Modern_Day_Trader
GBPJPY H4 - Short Signal GBPJPY H4 For those that watched the market analysis and live charting video, you would have seen us discuss GBPJPY and the 195 psychological price/sell zone. We have since seen this zone tested and subsequently rejected. How much mileage this setup has... I don't know, but if we can break 194.500, we should see a send lower. A break and candle close around or below 194.500 is important, breaking this H4 and H1 consolidation, EUR and LON session could certainly be enough to drive this setup where is needs to go.
Short
by Trade_Simple_FX
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