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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPYPlan followed very easy to see when i fall off track and dont follow my plan, not uploading my trades to tradingview leads to crazy over trading. i need to learn to live with the fact i will have loss days and the goal is to control how much i lose. the idea that i have to spend entire week breaking even is something at this stage i should have grown out of. KEY 1-2 Trades per day SL set follow plan if i lose the first trade, within reason i can take another to break even, but two losses, and chill till another day. 30 min large engulfing candle. 50-60 pip target reached, moved SL into break even. daily target reached
Long
by cassiuskemetic
GBPJPY H1 | Bullish BounceBased on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 184.55, which is a multi-swing low support. Our take profit will be at 185.42, which is an overlap esistance level close to 50% Fibo retrtacement The stop loss will be placed at 183.71, which is a swing low support level. 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. 62% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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 SHORTM Bearish, price rejected M Res twice at 38.2 Fib Level. EMA resistance Price currently sitting just above 20 EMA potential support but if broken once again should see sell off W Bearish Continuation, LH,LL printed. EMA Resistance D Bearish engulfing coming of a pullback to most current lows at 38.2 Daily Fib along with Strong EMA resistance. Price is currently at a strong support and physcological level 184.50 area 4hr Price Doji'ing of key level at 184.50 but this was actually the pullback on 1hr timeframe price breached but cannot close above 10 or 20 Ema which is shown firm resistance. Setup: I would wait for break below 184.50 with a retest of that level and the wicks ICMARKETS:GBPJPY
Short
by MarlyForex1
GBPJPY swing plan 1. Market Structure: The chart shows GBP/JPY in a bearish trend, which is apparent from the price's decline over the past few weeks. The price seems to be approaching a potential support zone, as indicated by the horizontal lines. You are likely considering either a potential bounce from this level or a continuation of the bearish trend. 2. Trade Setup: Buy Plan (Upward Arrow): You seem to anticipate that the price may first move upward after reaching the current support level. The first target would likely be the area around 192.83 - 194.86 (marked by the purple resistance zone). This is likely a retracement or bounce play as the market is oversold on the RSI indicator, with RSI hovering near 38, which may indicate a reversal or pullback to the upside. Sell Plan (Downward Arrow): Once the price reaches the resistance zone near 192-194, the sell plan would come into play if the resistance holds. The second downward arrow indicates a potential major selloff after this resistance, possibly down to the 179.87 level. This looks like a continuation of the broader bearish trend after a corrective move up. 3. Key Levels: Support Level: Around 184.83, which appears to be the level where you anticipate a bounce for the buy entry. Resistance Level: Between 192.83 - 194.86, which is the region where you would look to either take profit on the long position or set up a short trade. Profit Targets: Long trade profit target: Around 192-194. Short trade profit target: Near 181.93 or lower, around 179.87. 4. Indicators: RSI: The RSI shows an oversold condition, indicating a possible temporary relief rally, supporting the idea of a short-term bounce before continuing the downtrend. Conclusion: Your plan seems to involve two potential plays: Buying around 184.83, aiming for a retracement toward the resistance around 192.83-194.86. Selling at the resistance level, aiming for a larger bearish move toward 181.93 or even down to 179.87 if the price fails to break through the resistance. This strategy takes into account both a short-term reversal and the broader bearish trend.
Short
by Ryantungle
GBPJPY - Bearish Move Expected After Hitting ResistanceGBPJPY has just touched a red line resistance on the chart and is likely to head downward toward the green line support level. This movement suggests a potential selling opportunity as price might seek support at the lower level. Keep an eye on how the price reacts in this zone for a possible bounce. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Feel free to comment, engage with this post, and follow for more trading insights!
Short
by Remora_traders
4
GBPJPY / TRADING UNDER DOWNWARD PRESSURE - 4HGBPJPY / 4H TIME FRAME HELLO TRADERS Current Market Analysis: Trading below the turning level at 188.478 and within a descending channel, indicating a bearish trend. Downward Conditions: As long as the price remains below 188.478, the trend suggests a potential decline , If the price continues to trade below 188.478, it may decline towards support levels at 183.218 and 180.212. Upward Conditions: A 4-hour candle close above 188.478 would signal a potential shift in momentum , If the price breaks above 188.478 and stabilizes, it could rise towards 191.993 and, further, to 196.534. TURNING LEVEL : 188.478
Short
by ArinaKarayi
GBPJPY Going Down#trading_idea #GBPJPY 💡 #GBPJPY - Downwards Channel On the 1H chart, the pair is in a descending channel with strong bearish momentum, testing support around 185.15. The price is near the lower Bollinger Band, suggesting oversold conditions, while the MACD remains below the signal line, confirming bearish pressure but with signs of weakening. The Bull Bear Power indicator is negative, indicating sellers' control. Recent bearish candles with upper wicks reflect rejection at higher levels. A break below 185.15 could push the price toward 184.00, while a move above 186.00 may signal a potential reversal. Possible scenarios: 🔽If the price breaks below 185.15, a further decline toward 184.00 is likely. 🔼Alternatively, a bounce from the current level could push the price towards 186.00 for a potential retest of the upper channel boundary. 😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back.
Short
by sabiotrade
GBPJPY → Traders increase short, preparing for a fallFX:GBPJPY is unable to continue the uptrend. The price is breaking the price channel support, and the parabolic curvature can be interpreted as a set of short positions. The Japanese Yen continues to strengthen. GBP is forming a small correction since the Open of the session, and the Japnese national currency is accelerating northward. The parabolic curvature that is forming on the chart can be explained as a set or increase of short positions by large players. Such a maneuver indicates a possible strong and prolonged decline in prices. But, the focus is on the sideways range 192 - 189. Despite the fact that the price has left the channel, it is still in the range and the mentioned support restrains the market from falling. Resistance levels: 190.97, 192, MA-50 Support levels: 189 If the bears manage to break 189 and consolidate below, it will be the reason for the continuation of the decline to the global low. On D1 the price is pushing away from the strong zone and also shows bearish preconditions Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Short
by RLinda
24
GBPJPY 185.745 0.32% LONG IDEA MULTI-TIMEFRAME ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at STERLING from HTF - MULTI TIME-FRAME ANALYSIS GBPJPY DAILY TF * With las weeks bearish momentum coming into play,looking for a bit of a push up as we close the week on GJ. * The weekly & daily TF show we are still showing signs of a BEARISH move, but looking for some retracement before continuation bearish. * GJ took External range LQ, looking for that internal range LQ to be taken. * We are trading in discount of the move,This is where I would be looking for long entries. * With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS. GBPJPY 4H TF snapshot * HTF BIAS (PO3) Is bullish . * looking for long positions OPPORTUNITIES. snapshot * We saw a rally with the bears, strong momentum to the downside. * Looking at the 1H MMS, this is where I would look for LONG entries this week. * Should this PD ARRAY hold will be long for the GJ. * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6
GBP/JPY POTENTIAL SWING TO TOPSIDE As we experienced earlier, GJ experienced a nice sell off for the last few hours of market open but if we look to the previous trading day, GJ was looking to move higher per my analysis from yesterday. I do believe this is still a strong possibility as we can take a look at eh 4H chart and notice 2 important things: - Strong bull candle close with long lower wick//: indicating strong buyer pressure - we are currently tapping that support of the last 2 open and close candles on that 4H chart. That alone is convincing enough for me to be behind a bull move on GJ. In a more technical sense, we can see on the 30M close the long lower wick indicating some buyer pressure, couple that with the bounce exactly on that support I have mentioned and you have a good recipe for a long trade. On top of this, I like the risk that I am taking as it is not a major SL to worry about if you do your trade sizing appropriately. The risk to reward is 4.54 as of right now and the trade is in profit as I am typing this analysis. Open up the perspective and get on the 1H chart and you will see yet another long lower wick and short body for a major Hourly candle. Another confluence to my plan. Of course in the event of my trade being invalidated, I have a short position ready to execute using the top of my liquidity zone as a stop loss level and a lower low as my profit target. Happy trading fam and please BOOST THIS IDEA!!
Long
by fastboiijd