Long Buddy!!!3 of my 3 confluences have been met for this pair to go long for this week 204.300-204.600 is my target area Trade safely my friends Longby Dlphdavis220
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 197.950 to 197.730, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 197.950 and 197.730, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 198.400: Possible retracement area. 199.000: Possible retracement area. 200.000: Possible retracement area. 200.300: Possible retracement area. 201.000: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby T4X_Trading6
GBPJPY TRADE SETUPWait for retest the key level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon0
GBPJPY Simple Trading Plans (For Falls)GBPJPY like various other yens has rallied for a considerable period and caused a huge divergence in the mean or average value. This is why the extension from Key Moving Averages is so apparent. 1) From a technical 'value' perspective, short side bias prevails (see below). 2) Sentiment bias - no real shift in reasoning not to buying GBP over JPY due to mon policy. However, Intervention likely at some stage to halt the advance and its speed. IF you are going to trade this you have risk on either the short, or long side. Shorts favoured, but they need to be extremely risk averse (very small, spread out).Shortby WillSebastianUpdated 4
GBPJPY shortGBPJPY’s continued failure to exceed the trendline and the formation of a double-top pattern offer a strong rationale for considering a short trade Shortby tadejolu112
GBPJPY: 3 Months Overview A Big Dump Coming Up! Dear Traders, After looking at the bigger timeframe in this case we used 3 months timeframe, we have identified similar pattern that occurred in market in last few years. If we see, we can continue to see growth in price towards 219 to 222. These two areas remain crucial for swing sellers where we can see price dropping heavily. Please use this analysis, as a overview and future of the pair. Do not solely use this analysis as our other normal chart analysis. Team Setupsfx_by Setupsfx_1919119
GBPJPY Expecting that market inefficiency to be filled before a take up to the buyside liquidity.Longby alph3u50
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! GBP/JPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 201.551 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 222
GBPJPY: The Bulls will break the "200" barrier.GBPJPY is in an interesting situation. The trend is upward, but at the same time, judging by the traces (candles) on the chart, a major player is accumulating potential. Everything is building up to the fact that the resistance at 200.5 will be broken, as the Japanese Yen is not ready to fight currencies like the Pound, Euro or Dollar. On d1, the pattern is just as bullish. False breakout gives no chance, the pattern breaks on the second day. Buyers continue to approach 200.5 with a breakout target Strategy: Consolidation above the level will confirm the breakout. In that case, our target would be 202, 203, 204, 205 Longby Gold-TechUpdated 554
GBPJPY ( UNDER BEARISH PRESSURE ) ( 4H )GBPJPY HELLO TRADERS Tendency the price attempt to closer a support trendline , indicating the price is under bearish pressure TURNING LEVEL : a blue line a round 203.329 , which indicates two cases , the first cases until the price breaking 203.329 ,reach a resistance level , the second case the price trade below 203.329 ,the price reach support level RESISTANCE LEVEL : a blue line inside gold rectangular , an area above the turning level , if the price breaking turning level at 203.329 , create a new resistance level SUPPORT LEVEL : a blue line , an area below turning level , the gold price for the support level 201.258 , buying have already increase at this level PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 203.329 , it will attempt to reach support level at 202.044 and 201.258 , if the breaking this level the price trying to reach new resistance level at 204.312 and 205.067 TARGET LEVEL : RESISTANCE LEVEL : 204.312 , 205.067 SUPPORT LEVEL : 202.044 , 201.258 Shortby ArinaKarayi8
I think there is a great selling opportunity in this chartI think there is a great selling opportunity in this chart pattern, I'm not going to miss it and I'm going to get into itShortby hjonmaykson4
GBPJPY M30 TRADE IDEACurrently the price has Divergence for selling and we hoping that the selling pressure holds until we reach a demand that broke the structure to the upside. We would like to see the price approaching the demand zone in a form of ZIG ZAG Lower Lows and Lower Highs. Then we wait for MACD to print divergence for us in that zone. wen it happens we buy and put SL below the last low that tapped into demand zoneLongby The_Marathon_Trading3
check the trend The price is expected to stabilize above the current support range and then continue the upward trend. Otherwise, with the breaking of the support trend line, the downward trend will be likelyLongby STPFOREX7
GBPJPY UPGBPJPY Going up to 204.400 as i think if price closed above the target will put the next target Longby SilverFox_IdeasUpdated 4
GBPJPY more upside is pendingGBPJPY is right now moving in an ascending triangle pattern which means there is still a lot more potential to move upside, and my long term target is 222 let see best buy zone is nearly 202.500 keeping and sl below 201.500Longby sourabhlowanshi1
Bulls in Power GBPJPYWith Daily Inverted Head & Shoulder Pattern in confluence with Weekly Fibonacci Retracement to the 0.382 Fibonacci level I’m bullish on #GBPJPY I’m expecting it to push up a little further to test the new recent highLongby ParlayProfitsFXUpdated 224
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 197.950 to 197.730, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 197.950 and 197.730, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 198.400: Possible retracement area. 199.000: Possible retracement area. 200.000: Possible retracement area. 200.300: Possible retracement area. 201.000: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby T4X_Trading6
Bullish on GBPJPYWith Daily Inverted Head & Shoulder Pattern in confluence with Weekly Fibonacci Retracement to the 0.382 Fibonacci level I’m bullish on #GBPJPY I’m expecting it to push up a little further to test the new recent highLongby ParlayProfitsFXUpdated 443
GBPJPY SELL SETUPGBPJPY has consistently respected the trendline, failing to break above it for several days while forming a double-top pattern. This confluence provides a strong rationale for taking a short position. -Always follow risk management -Risk no more than 1% per trade Shortby PotentFXUpdated 8821
GBPJPY where can reverse ? ( swing trade ... )hello dear forex trader this price action for gbpjpy my structure level on dayli time frame ... price near the price reversal zone between fibou extension 2.618 and fibou retrecment on dayli time frame ... i expect higher high and lower low in 1 h and 4h time frame after confirmation we can open sell position \ stop loss need for any position good luckShortby mehdi_kb1414158
Trading Idea: Shorting GBPJPY Amid Conflicting Signals from JapaThe recent statement from Japan's Finance Minister about possibly giving up FX intervention due to its ineffectiveness, which seems to suggest acceptance of the yen's continuous weakness, directly conflicts with recent BOJ communications. Considering this, shorting GBPJPY becomes a highly volatile decision. Nonetheless, a trade is a trade. If this trade goes well, profits are expected within 2 hours. If not, that's part of the game. Trade Setup: Short GBPJPY Entry : 202.97 Stop-Loss : 203.21 Target 1 : 202.60 Target 2 : Open Strategy: - Volatility Consideration : Acknowledge the high volatility due to conflicting statements from Japan’s Finance Minister and BOJ. - Risk Management : Set stop-loss at 203.21 to manage potential losses. Profit Targets : Target 1 : 202.60 Target 2 : Keep open Remember to breathe and prepare for the next trade. What’s your take on this situation? Do you see a different angle or strategy? Share your thoughts and insights below!Shortby RaynLim1
gbpjpy sell calli am going to sell gbpjpy from current price , stop loss above the highShortby ismailbarakzai3310
GBPJPY Possible Long Position BBMA OA Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H and wait for another possible set-up * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysisLongby GreggiBond3